Terrific property with useful potential in a highly desirable area of South Bay. This two bedroom home is perfect for downsizing, a rental, extra storage, or just simple living with a lot of toys and space close to town! Original hardwoods throughout, multiple outbuildings, crossed fencing, ample parking, and mid century charm. Located within minutes to all amenities including downtown Olympia, State Capital, Parks, waterfront, Freeway access, restaurants, and entertainment.
Active
Listed by: WEICHERT, Realtors Reynolds RE
Price cut: $10K (3/7)
$480,000
2949 S Bay Road NE, Olympia, WA 98506
2beds
1,479sqft
Est.:
Single Family Residence
Built in 1950
1.35 Acres Lot
$470,400 Zestimate®
$325/sqft
$-- HOA
What's special
Ample parkingMid century charmCrossed fencingMultiple outbuildingsTwo bedroom homeOriginal hardwoods throughout
- 71 days |
- 1,806 |
- 42 |
Zillow last checked: 7 hours ago
Listing updated: March 07, 2026 at 08:27am
Listed by:
Ryan Reynolds,
WEICHERT, Realtors Reynolds RE,
Christy L. Reynolds,
WEICHERT, Realtors Reynolds RE
Source: NWMLS as distributed by MLS GRID,MLS#: 2465231
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- Forced Air
Appliances
- Included: Dishwasher(s), Stove(s)/Range(s), Water Heater: Electric, Water Heater Location: Garage
Features
- Dining Room
- Flooring: Ceramic Tile, Hardwood, Laminate
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,479
- Total interior livable area: 1,479 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Detached Garage, Off Street, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Dbl Pane/Storm Window, Dining Room, Fireplace, Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.35 Acres
- Dimensions: 565 x 71 x 570 x 104
- Features: Open Lot, Value In Land, Cable TV, Fenced-Partially, Gated Entry, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 11806420100
- Zoning: RL 1/2
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1950
- Major remodel year: 1986
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Septic Tank
- Water: Individual Well
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: South Bay
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $325/sqft
- Tax assessed value: $435,700
- Annual tax amount: $4,910
- Date on market: 1/5/2026
- Cumulative days on market: 72 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Stove(s)/Range(s)
- Total actual rent: 2200
Estimated market value
$470,400
$447,000 - $494,000
$2,350/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2026 | Price change | $480,000-2%$325/sqft |
Source:  NWMLS as distributed by MLS GRID #2465231 Report a problem | ||
| 2/25/2026 | Price change | $490,000-1%$331/sqft |
Source: NWMLS as distributed by MLS GRID #2465231 Report a problem | ||
| 1/6/2026 | Listed for sale | $495,000+76.8%$335/sqft |
Source: NWMLS as distributed by MLS GRID #2465231 Report a problem | ||
| 10/15/2021 | Sold | $280,000+14.3%$189/sqft |
Source: Public Record Report a problem | ||
| 6/8/2007 | Sold | $245,000$166/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,910 +21.8% | $435,700 +7.3% |
| 2023 | $4,032 +3.4% | $406,100 +4.7% |
| 2022 | $3,899 +0.9% | $387,700 +20.7% |
| 2021 | $3,865 +13.7% | $321,100 +23.1% |
| 2020 | $3,400 +29.4% | $260,900 +16.7% |
| 2019 | $2,628 -2.7% | $223,500 -1% |
| 2018 | $2,700 +19.8% | $225,800 +25.8% |
| 2017 | $2,254 | $179,450 +10.2% |
| 2016 | $2,254 | $162,850 +1.6% |
| 2014 | $2,254 | $160,250 +4.8% |
| 2013 | -- | $152,950 |
| 2012 | $1,926 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $2,353 | -- |
| 2008 | -- | -- |
| 2007 | $2,409 -15.2% | -- |
| 2006 | $2,841 +51.8% | -- |
| 2005 | $1,872 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,488 -3.1% | $92,000 |
| 2000 | $1,535 | $92,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,649/mo
Principal & interest
$2325
Property taxes
$324
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Climate risks
Neighborhood: 98506
Nearby schools
GreatSchools rating
- 7/10South Bay Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 1.9 mi
- 6/10North Thurston High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- High: North Thurston High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 98506
- Washington
- Thurston County
- Olympia
- 98506
- 2949 S Bay Road NE
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