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4916 Palermo Rosa Lane SW, Olympia, WA, 98512

4beds
3baths
2,316sqft
$585,000
$253price/sqft
$3,310/moest. monthly cost
$132,400/yrincome needed

About This Home

Escape to your own private retreat on 5 gated wooded acres! This beautifully maintained 2,312 sq. ft. home offers 4 bedrooms & 3 bathrooms with an inviting open-concept design filled with natural light from soaring skylights & durable laminate hardwood flooring throughout. The spacious kitchen is a dream for entertaining featuring brand-new stainless-steel appliances, gas cooktop, abundant cabinetry & generous bar seating. Designed with privacy in mind the massive primary suite is situated on its own wing of the home & boasts a luxurious 5-piece bath & oversized walk-in closet. A junior suite with its own bathroom & walk-in closet provides the perfect setup for guests or multi-generational living. Enjoy seamless indoor-outdoor living with a large, partially covered deck perfect for year-round entertaining, along with a concrete pad & numerous outbuildings for storage, hobbies or workspace. The laundry/mudroom offers convenient exterior access making country living easy. Additional features include a brand-new roof, built-in entertainment center, 30-amp service, septic alarm & powered Tuff Shed. The property is dotted with mature nut trees, berry bushes & fruit trees, creating a peaceful & productive landscape. Located in the top rated sought out Tumwater School District. Offering the perfect blend of privacy, functionality & modern comfort, this exceptional property delivers the serenity of country living while providing all the space and amenities you've been searching for.

Getting Around

4
WalkingCar-Dependent
0
TransitNo Nearby Transit
29
BikeSomewhat Bikeable

Schools

6/10
8/10
Tumwater High SchoolGrades 9-125.0 mi

Construction

Condition

  • Property condition: Very Good
  • Year built: 2018

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: MobileManufactured
  • Architectural style: Manuf-Triple Wide
  • Property subType: Manufactured Home

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Washer(s),Water Heater: electric,Water Heater Location: laundry room

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Window features: Double Pane Windows
  • Flooring: Laminate,Vinyl

Heating & Cooling

  • Heating features: Forced Air,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 2,316
  • Total interior livable area: 2,316 sqft

Property

Details

  • Parcel number: 12730240800
  • Lease amount: 0
  • Special condition: Standard
  • Other equipment: Leased Equipment: propane tank

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Water Heater

Lot

  • Lot size: 4.98 Acres

Parking

  • Parking features: Uncovered

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding

FEMA Declared Disasters in Thurston County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,958$35,496
Home Insurance *$143$1,716
Property Taxes $51$612
Electricity $158$1,901
Total$3,310$39,720
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$113,485/yr
40% on housing$99,300/yr
45% on housing$88,266/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$253This listing

vs Other Active Listings

Avg $/sqft

ZIP 98512$233
Thurston County$297

vs Homes Sold Last Month

Median $/sqft

ZIP 98512$298
Thurston County$285

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-14Price change$569,000
2026-07-30Price change$585,000
2026-07-24Price change$623,999
2026-07-08Price change$639,999
2026-06-19Listed for sale$649,999

For Sale by Agent

AgentCasshondra Vermeer
BrokerageWindermere Real Estate/East

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