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4736 Kapalea Way SE, Lacey, WA, 98503

3beds
3baths
2,211sqft
$539,950
$244price/sqft
$3,463/moest. monthly cost
$138,520/yrincome needed

About This Home

Welcome to this beautifully maintained 3-bedroom, 2.5-bath, 2,211 sq. ft. home in the heart of Lacey! This spacious home offers comfort, convenience, and fresh updates throughout. Step inside to find brand-new carpet, abundant natural light, and generously sized living areas perfect for relaxing or entertaining. The main floor features an open layout, while the large second-floor loft provides the ideal space for a home office, media room, or play area. The spacious primary suite includes ample closet space and a private bath. The well-appointed second and third bedrooms each feature their own walk-in closets, offering convenience and storage. Outside, enjoy a private backyard perfect for outdoor gatherings, along with fresh new front landscaping that enhances the home’s curb appeal. A new roof adds peace of mind for years to come. Located close to shopping, restaurants, parks, and local services, this home offers both comfort and convenience in an unbeatable Lacey location.

Getting Around

39
WalkingCar-Dependent
37
TransitSome Transit
58
BikeBikeable

Schools

4/10
7/10
Komachin Middle SchoolGrades 6-80.4 mi
7/10
Timberline High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: Very Good
  • Year built: 2006

Materials

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

Notable Dates

  • Major remodel year: 2006

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Refrigerator,Stove(s)/Range(s),Dishwasher(s),Garbage Disposal,Refrigerator(s),Water Heater: gas,Water Heater Location: garage

Basement

  • Basement: None

Bathroom Full

  • Level: Second

Bathroom Full

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Main

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Bath Off Primary,Dining Room
  • Window features: Skylight(s)
  • Flooring: Ceramic Tile,Vinyl,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,90%+ High Efficiency,Forced Air,Electric,Natural Gas
  • Cooling features: None

Interior Area

  • Total interior livable area: 2,211 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Second

Other

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 76520010700
  • Zoning description: Jurisdiction: City
  • Special condition: Standard
  • Other equipment: Leased Equipment: no

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Dining Room,Fireplace,Skylight(s),Walk-In Closet(s),Water Heater
  • Topography of land: Level

Lot

  • Lot size: 5,732 sqft
  • Features: Curbs,Paved,Sidewalk,Fenced-Fully,Gas Available,High Speed Internet,Patio

Parking

  • Total spaces: 4
  • Parking features: Attached Garage
  • Has garage: Yes
  • Covered spaces: 2
  • 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
  • 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 $2,730$32,760
Home Insurance *$136$1,632
Property Taxes $446$5,352
Electricity $151$1,814
Total$3,463$41,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$118,731/yr
40% on housing$103,890/yr
45% on housing$92,346/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

$244This listing

vs Other Active Listings

Avg $/sqft

ZIP 98503$222
Thurston County$297

vs Homes Sold Last Month

Median $/sqft

ZIP 98503$301
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
2026-03-19Listed for sale$539,950
2021-12-10Listing removed--
2021-12-08Listed for rent$2,200
2019-11-14Listing removed$1,900
2019-10-15Listed for rent$1,900
2017-02-15Listing removed$1,695
2017-02-07Listed for rent$1,695
2015-10-08Listing removed$1,550
2015-10-03Listed for rent$1,550
2015-07-31Listing removed$1,545
2015-07-22Listed for rent$1,545

For Sale by Agent

AgentChristina Janis
BrokerageEpic Realty

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