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2521 123rd Avenue SW, Olympia, WA, 98512

2beds
2baths
1,704sqft
$455,000
$267price/sqft
$2,933/moest. monthly cost
$117,320/yrincome needed

About This Home

3 BEDROOM HOUSE ON 2 BEDROOM SEPTIC. This well-maintained 1-story home in the Scott Lake community offers comfortable living with thoughtful updates throughout. Inside, you’ll find updated flooring, lighting, and ceiling fans, as well as an updated kitchen that gives the home a fresh, move-in ready feel. The functional floor plan includes 2 bedrooms approved by the septic system, plus an additional third room that offers flexibility for an office, guest space, hobby room, or potential sleeping area. The living area provides a welcoming space for everyday comfort, while the kitchen and dining areas offer a practical setup for daily use. Situated on a spacious lot, the property provides room to enjoy the outdoors, relax, entertain, or create your own backyard setting. An attached garage and driveway parking add convenience. Located in the Scott Lake community with access to community amenities and close proximity to Tumwater schools, shopping, and I-5 access.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
4
BikeSomewhat Bikeable

Schools

6/10
8/10
Tumwater High SchoolGrades 9-125.4 mi

Construction

Condition

  • Year built: 2004

Materials

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

Notable Dates

  • Major remodel year: 2004

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Stove(s)/Range(s),Dishwasher(s),Microwave(s),Refrigerator(s)

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

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

Den Office

  • Level: Main

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Bath Off Primary,Ceiling Fan(s),Dining Room
  • Flooring: Vinyl Plank,Carpet

Heating & Cooling

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

Interior Area

  • Total structure area: 1,704
  • Total interior livable area: 1,704 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 72791807700
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Ceiling Fan(s),Dining Room,Vaulted Ceiling(s),Walk-In Closet(s)
  • Has view: Yes
  • View description: Golf Course,Territorial
  • Topography of land: Rolling

Lot

  • Lot size: 9,879 sqft
  • Features: Paved,Fenced-Fully

Parking

  • Total spaces: 2
  • Parking features: Driveway,Attached Garage
  • Has garage: Yes
  • Covered 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
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

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 $2,300$27,600
Home Insurance *$111$1,332
Property Taxes $373$4,476
Electricity $149$1,793
Total$2,933$35,196
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,560/yr
40% on housing$87,990/yr
45% on housing$78,213/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

$267This listing

vs Other Active Listings

Avg $/sqft

ZIP 98512$234
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
2026-08-17Listed for rent$2,750
2026-07-30Price change$455,000
2026-07-08Price change$465,000
2026-06-02Listed for sale$475,000
2026-04-23Listing removed$2,750
2026-04-16Listed for rent$2,750
2025-06-08Listing removed$2,730
2025-06-05Price change$2,730
2025-06-04Price change$2,700
2025-05-27Price change$2,550
2025-05-25Price change$2,750
2025-05-21Listed for rent$2,850
2018-06-26Sold$250,000
2015-06-05Sold$179,900
2015-04-16Pending sale$179,950
2015-04-08Listed for sale$179,950
2014-12-17Sold$178,119
2014-12-01Price change$178,119
2014-11-18Price change$97,500
2014-09-11Listed for sale--
2007-04-30Sold$235,000
2006-02-03Sold$188,000
2004-09-17Sold$183,500

For Sale by Agent

AgentJoe Simmons
BrokerageBHGRE - Northwest Home Team

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