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5305 Waldrick Rd SE, Olympia, WA, 98501

2beds
1baths
1,144sqft
$399,000
$349price/sqft
$2,548/moest. monthly cost
$101,920/yrincome needed

About This Home

Discover the potential of this charming rambler situated on 6.53 private, gated acres. This property features 1,144 square feet of living space, including two bedrooms and one full bath, offering the perfect blank canvas for your custom updates. Ideal for hobbyists or animal lovers, the land provides ample pasture space and includes a versatile barn/shop. Additional highlights include two single-car carports off the barn and a prime location just a short distance from Offut Lake. Experience the peaceful, secluded lifestyle you have been looking for. Property being sold As-Is.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
33
BikeSomewhat Bikeable

Schools

4/10
Tenino Elementary SchoolGrades 3-54.3 mi
4/10
Tenino Middle SchoolGrades 6-84.3 mi
5/10
Tenino High SchoolGrades 9-124.6 mi

Construction

Condition

  • Year built: 1976

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding,Wood Products

Notable Dates

  • Major remodel year: 1976

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dryer(s),Refrigerator(s),Washer(s)

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Flooring: Vinyl,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Wall Furnace,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 1,144
  • Total interior livable area: 1,144 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 65902300100
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Fireplace
  • Topography of land: Level,Partial Slope
  • Residential vegetation: Brush,Garden Space,Pasture,Wooded

Lot

  • Lot size: 6.53 Acres
  • Features: Paved,Fenced-Partially,Outbuildings,Shop

Parking

  • Total spaces: 2
  • Parking features: Detached Carport,Driveway
  • Covered spaces: 2
  • Carport: Yes

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 FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
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 $2,017$24,204
Home Insurance *$91$1,092
Property Taxes $291$3,492
Electricity $149$1,793
Total$2,548$30,576
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$87,360/yr
40% on housing$76,440/yr
45% on housing$67,946/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

$349This listing

vs Other Active Listings

Avg $/sqft

ZIP 98501$250
Thurston County$297

vs Homes Sold Last Month

Median $/sqft

ZIP 98501$268
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
2026-06-18Listed for sale$399,000
2020-08-31Sold$1,100
1995-08-21Sold$106,000

For Sale by Agent

AgentMegan Dickson
BrokerageElite Properties

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