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5530 55th Loop SE, Olympia, WA, 98513

3beds
2baths
1,416sqft
$470,000
$332price/sqft
$3,023/moest. monthly cost
$120,920/yrincome needed

About This Home

Lovingly cared for 3 bed / 1.75 bath rambler with fresh paint inside and out! Engineered hardwood floors and vaulted ceilings great you as you enter the home. The vaulted ceilings continue through the living room, dining room, kitchen, and spare bedroom. The generous sized kitchen with can lights and eating bar is perfect for large gatherings of friends. The dining room has a sliding glass door for easy access to the fully fenced back yard and covered patio. Plus, solar panels were recently installed (to be paid off at closing) that nearly cancel out the electric bill. Don't miss out on this well cared for home in an established neighborhood!

Getting Around

0
WalkingCar-Dependent
27
TransitSome Transit
28
BikeSomewhat Bikeable

Schools

8/10
2/10
Nisqually Middle SchoolGrades 6-83.4 mi
7/10
Timberline High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Composition
  • Construction materials: Cement Planked,Cement Plank

Type & Style

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

Interior

Appliances

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

Bathroom Full

  • Level: Main

Bathroom Three Quarter

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Bath Off Primary,Ceiling Fan(s),Dining Room
  • Door features: French Doors
  • Window features: Dbl Pane/Storm Window
  • Flooring: Engineered Hardwood,Vinyl,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Forced Air,Electric,Natural Gas,Solar PV
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,416
  • Total interior livable area: 1,416 sqft

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 42980005000
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,French Doors,Vaulted Ceiling(s),Walk-In Closet(s)
  • Topography of land: Level

Lot

  • Lot size: 5,000 sqft
  • Features: Paved,Fenced-Fully,Patio

Parking

  • Total spaces: 2
  • Parking features: 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
    EarthquakeModerate

How This Home’s Risks Compare

Earthquake

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 $2,376$28,512
Home Insurance *$103$1,236
Property Taxes $395$4,740
Electricity $149$1,793
Total$3,023$36,276
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$103,645/yr
40% on housing$90,690/yr
45% on housing$80,613/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

$332This listing

vs Other Active Listings

Avg $/sqft

ZIP 98513$292
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
2026-05-10Listed for sale$470,000
2008-04-21Sold$248,950

For Sale by Agent

AgentBrad Rohr
BrokerageAbbey Realty Inc

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