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4937 Thompson Lane SE, Olympia, WA, 98513

2beds
3baths
2,248sqft
$950,000
$423price/sqft
$5,966/moest. monthly cost
$238,640/yrincome needed

About This Home

Experience refined lakefront living on Lake St. Clair! Situated on a quiet dead-end street with +/- 50' of private shoreline & western exposure, this fully 2013 remodeled 3 bedroom home (2 bed septic), plus an office, captures beautiful afternoon light and stunning sunsets in a peaceful, community-oriented setting. Thoughtfully designed as a modern retreat, the open-concept interior is filled w/ natural light & features solid oak flooring and high-end finishes throughout. The kitchen is well-appointed w/ premium Beko appliances, an island, and seamless flow into the main living spaces - ideal for both everyday living & entertaining. Additional upgrades include energy-efficient ductless heating & A/C, a built-in vacuum system, two laundry areas, and a whole-house generator. Lower level offers excellent flexibility, complete with a full wet bar and durable stained concrete floors - well-suited for lakefront living, entertaining, or potential multigenerational use. Outdoor spaces are equally inviting, with expansive upper and covered lower decks, along with a private waterfront setting that includes a stationary dock, new gangway, and floating dock for kayaking and relaxed days on the water. The grounds feature raised garden beds, established herb plantings, two columnar apple trees, and a full irrigation system. An owned propane tank adds further convenience. A rare opportunity to enjoy a well-appointed home that balances comfort, functionality, and a serene lakefront setting!

Getting Around

0
WalkingCar-Dependent
17
TransitMinimal Transit
24
BikeSomewhat Bikeable

Schools

2/10
Nisqually Middle SchoolGrades 6-83.8 mi
4/10
River Ridge High SchoolGrades 9-124.0 mi

Construction

Condition

  • Year built: 2013

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Cement Planked,Cement Plank

Notable Dates

  • Major remodel year: 2013

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Stories w/Bsmnt
  • Property subType: Single Family Residence

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: Basement

Basement

  • Has basement: Yes
  • Basement: Daylight,Finished

Bathroom Full

  • Level: Second

Bathroom Three Quarter

  • Level: Lower

Bedroom

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Bonus Room

  • Level: Lower

Den Office

  • Level: Lower

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Family Room

  • Level: Main

Features

  • Central Vacuum
  • Window features: Dbl Pane/Storm Window,Skylight(s)
  • Flooring: Ceramic Tile,Concrete,Hardwood,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: See Remarks,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Ductless,Radiant,Electric,Propane,See Remarks
  • Cooling features: Ductless

Interior Area

  • Total structure area: 2,248
  • Total interior livable area: 2,248 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Second

Other

  • Level: Lower

Other

  • Level: Main

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 58300003000
  • Special condition: Standard
  • Other equipment: Wired for Generator

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Second Kitchen,Built-In Vacuum,Dbl Pane/Storm Window,Fireplace,Security System,Skylight(s),Walk-In Closet(s),Water Heater,Wet Bar,Wired for Generator
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake
  • Frontage length: Waterfront Ft: 50 +/-
  • Residential vegetation: Fruit Trees,Garden Space

Lot

  • Lot size: 0.61 Acres
  • Features: Dead End Street,Paved,Deck,Dock,Gas Available,High Speed Internet,Irrigation,Outbuildings,Patio,Propane,RV Parking,Sprinkler System

Parking

  • Total spaces: 3
  • Parking features: Driveway,Detached Garage,Off Street,RV Parking
  • Has garage: Yes
  • Covered spaces: 1
  • Uncovered spaces: 2

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
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Landslide

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 $4,803$57,636
Home Insurance *$208$2,496
Property Taxes $802$9,624
Electricity $153$1,845
Total$5,966$71,592
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$204,548/yr
40% on housing$178,980/yr
45% on housing$159,093/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

$423This listing

vs Other Active Listings

Avg $/sqft

ZIP 98513$289
Thurston County$297

vs Homes Sold Last Month

Median $/sqft

ZIP 98513$317
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
2026-05-01Listed for sale$950,000
2021-10-06Sold$850,000
2003-02-19Sold$146,000
1999-04-05Sold$118,500

For Sale by Agent

AgentKatsumi Purbeck
BrokerageWindermere Vashon

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