Date
Details
Price
Change
Source
7/15/2026
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$325,000 Just Listed
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1/23
Property Description
Exceptional Investment & Development Opportunity! Situated on a prime shy half-acre parcel in a high-density zoning area, this property offers outstanding potential for investors, developers, or those seeking long-term appreciation. Ideally located along Fones Road, the property is positioned to benefit from significant infrastructure improvements currently underway, including newly constructed streets and upgraded utilities, further enhancing its future value and development potential. The existing 2-bedroom, 1-bath home is undergoing a complete renovation with quality finishes throughout, creating an attractive, move-in-ready residence or income-producing rental. Renovations include an open-concept floor plan, stylish high-end finishes, and durable luxury vinyl plank flooring throughout. Whether you're looking to generate immediate rental income while planning future development or secure a property in a rapidly improving corridor, this is a rare opportunity to capitalize on both current cash flow and future multifamily development potential.
Full Property Details
Full Property Details for 1604 Fones Rd SE
General
- Price: $325,000
- Taxes: $2,686 (2026)
- Status: Active
- Type: Single Family
- Source: NWMLS
- MLS ID: 2553249
- Updated: 7/21/2026
- Added to Site: 7 day(s) ago
Interior
- Interior Features: Dining Room, Water Heater
- Appliances: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Parking
- Parking Features: Driveway
Location
- Area: 448 - Olympia South
- County: Thurston
- Subdivision: Olympia
- Driving Directions: GPS friendly.
School Information
- High School District: North Thurston
- Elementary School: Mountain View Elementary
- Middle School: Chinook Mid
- High School: North Thurston High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Forced Air
- Heating Type: Baseboard, Forced Air
- Water Heater: Gas
Utilities
- Sewer: Septic Tank
- Water: Public
Structural Information
- Structure Type: House
- Exterior Const.: Wood
- Basement Desc.: None
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Entry Location: Main
- Square Feet: 1,056
- Finished Total: 1,056 Sq. Ft.
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.4925
- Lot Size (Sq. Ft.): 21,454
- Lot Size Source: Tax Records
- Topography: Level
Financial Considerations
- Tax Amount: $2,686
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)
- Property ID: 11819142200
Listed by Ken Crotts | eXp Realty | (888) 317-5197
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Schools
Schools serving 1604 Fones Rd SE
School District:North Thurston Public Schools
| Name | Grades | Distance |
|---|---|---|
Mountain View Elementary School, Lacey, WA 1900 College Street Southeast, Lacey, WA 98503 | PK-5 | 1.2 mi |
Chinook Middle School, Lacey, WA 4301 6th Ave NE, Lacey, WA 98516 | 6-8 | 1.6 mi |
North Thurston High School 600 Sleater Kinney Rd NE, Lacey, WA 98506 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1604 Fones Rd SE
Tax History
Tax History for 1604 Fones Rd SE
Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,686
-6%
$250,800
-5%
2025
$2,862
6%
$264,900
17%
2021
$2,693
5%
$226,500
-11%
2023
$2,559
-5%
$254,500
24%
2021
$2,693
36%
$205,100
34%
2020
$1,978
20%
$153,600
10%
2019
$1,645
-13%
$139,600
5%
2018
$1,894
13%
$133,300
5%
2017
$1,678
3%
$127,450
—
2016
$1,624
-1%
$128,050
1%
2015
$1,647
12%
$126,550
10%
2014
$1,474
—
$115,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1604 Fones Rd SE
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,892Sq. Ft.
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- Land Residential
- Active
- Updated 1 day ago
- 2.7843Acres
Listed by Matt Guile-Boessow | Olympic Sotheby's Int'l Realty and Matt Perkins | Olympic Sotheby's Int'l Realty
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,892Sq. Ft.
Listed by Matt Perkins | Olympic Sotheby's Int'l Realty and Matt Guile-Boessow | Olympic Sotheby's Int'l Realty
- Condo
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,862Sq. Ft.
Listed by Lee Tayebi | RE/MAX Eastside Brokers, Inc.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,568Sq. Ft.
Listed by Lorna Murray | RE/MAX Equity Group
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,608Sq. Ft.
Listed by Jason Clifford Suess | eXp Realty and Charles D. Carr | eXp Realty
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- Condo
- Closed
- 3Beds
- 2Total Baths
- 1,232Sq. Ft.
Listed by Brandon P. Johnson | Blue Summit Realty LLC
Sold by Trish Vander Mooren | Real Broker LLC
Sold by Trish Vander Mooren | Real Broker LLC
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,232Sq. Ft.
Listed by Brandon P. Johnson | Blue Summit Realty LLC
Sold by Trish Vander Mooren | Real Broker LLC
Sold by Trish Vander Mooren | Real Broker LLC
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 990Sq. Ft.
Listed by Chad M. Link | Elite Properties
Sold by Jake DeAtley | John L. Scott Lacey
Sold by Jake DeAtley | John L. Scott Lacey
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,024Sq. Ft.
Listed and Sold by Vincent Espinosa | RSVP Brokers ERA
1604 Fones Road SE, Olympia, WA 98501 (MLS# 2553249) is a Single Family property with 2 bedrooms and 1 full bathroom. 1604 Fones Road SE is currently listed for $325,000 and was received on July 15, 2026. Want to learn more about 1604 Fones Road SE? Do you have questions about finding other Single Family real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.