5227 51st Way
Lacey, WA 98503
4 bd 3 ba 2,100 sqft Built 2016 Lot 3,400 sqft single_family
Most recent sale
$480,000
Jun 4, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 10, 2025 | Sold | $531,000 | NWMLS |
| Jan 2, 2025 | Listed | $519,950 | NWMLS |
| Aug 6, 2022 | Listed | $519,950 | MLS #1979689 |
| Aug 5, 2022 | Price changed | $519,950 | MLS #1947847 |
| Jun 8, 2022 | Listed | $524,950 | MLS #1947847 |
| Jun 4, 2021 | Sold | $480,000 | Public Record |
| Apr 18, 2017 | Sold | $289,709 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $391,600 | $90,600 | $482,200 | $5,000 |
| 2025 | $391,600 | $90,600 | $482,200 | $5,013 |
| 2024 | $392,400 | $72,700 | $465,100 | $4,447 |
| 2023 | $423,000 | $42,800 | $465,800 | $4,433 |
| 2022 | $336,200 | $48,200 | $384,400 | $4,472 |
| 2021 | $336,200 | $48,200 | $384,400 | $4,050 |
| 2020 | $269,500 | $54,800 | $324,300 | $3,675 |
| 2019 | $252,800 | $52,900 | $305,700 | $3,236 |
| 2018 | $235,000 | $60,900 | $295,900 | $3,943 |
| 2017 | $250,300 | $43,400 | $293,700 | $469 |
| 2016 | — | $39,400 | $39,400 | $503 |
| 2015 | — | $42,750 | $42,750 | $155 |
Property facts
Year built
2016
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,100 sqft
Lot size
3,400 sqft
ZIP code
98503
City
Lacey
Street
51st Way
Coordinates
47.00151, -122.81801
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,830
Gross rental yield
12.08%
Implied cap rate
7.85%
Trend-extrapolated value
—
Frequently asked questions
When did 5227 51st Way last sell?
5227 51st Way most recently sold on Jun 4, 2021 for $480,000.
What is the current tax assessment for 5227 51st Way?
The most recent total assessment for 5227 51st Way (year 2026) is $482,200 with $5,000 in property tax.
How does 5227 51st Way's assessment compare to its last sale price?
The current assessment is 0.5% above the last sale price of $480,000.
When was 5227 51st Way built?
5227 51st Way was built in 2016.
How does 5227 51st Way compare to others on 51st Way?
We track 4 other properties on 51st Way. Browse the list under "Other properties on 51st Way" to compare beds, baths, and sale history.
What are the property facts for 5227 51st Way?
5227 51st Way is a 4 bed, 3 bath, 2,100 sqft, 3,400 sqft lot single_family.
Is 5227 51st Way a flip candidate?
No — 5227 51st Way does not appear in our flips dataset.
Is 5227 51st Way a tax-appeal candidate?
No — 5227 51st Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.7%
2026 Q3
$519.5K
2026 Q4
$524.1K
ZIP 98503 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 51st Way