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8711 Madrid St

Lacey, WA 98516

3 bd 2 ba 1,530 sqft Built 2010 Lot 3,680 sqft single_family
Most recent sale
$450,000
Jul 29, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 29, 2022 Sold $450,000 MLS #1952476
Jun 24, 2022 Price changed $450,000 MLS #1952476
Jun 17, 2022 Listed $475,000 MLS #1952476
Apr 10, 2021 Listed for rent $2,100 ShowMojo
Apr 21, 2017 Sold $260,000 Public Record
Mar 15, 2017 Listed $259,900 MLS #1089328
Jul 13, 2012 Sold $214,995 Public Record
Aug 17, 2010 Sold $2,887,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $335,400 $98,100 $433,500 $4,496
2025 $335,400 $98,100 $433,500 $4,126
2024 $313,800 $78,700 $392,500 $3,754
2023 $340,800 $50,300 $391,100 $3,724
2022 $266,400 $55,600 $322,000 $3,747
2021 $266,400 $55,600 $322,000 $3,440
2020 $213,700 $61,600 $275,300 $3,179
2019 $204,700 $59,600 $264,300 $2,532
2018 $176,600 $54,700 $231,300 $2,836
2017 $168,700 $42,500 $211,200 $2,636
2016 $161,800 $44,900 $206,700 $2,568
2015 $156,700 $45,750 $202,450 $2,620
2014 $154,900 $45,450 $200,350 $2,360
2013 $143,000 $43,500 $186,500 $2,066
2012 $115,800 $39,450 $155,250 $2,132
2011 $131,900 $43,300 $175,200 $591
2010 $52,850 $52,850 $575
2008 $61,750 $61,750 $639

Property facts

Year built
2010
Property type
single_family
Stories
Beds
3
Baths
2
Living area
1,530 sqft
Lot size
3,680 sqft
ZIP code
98516
City
Lacey
Street
Madrid St
Coordinates
47.08456, -122.75363

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,519
Gross rental yield
9.38%
Implied cap rate
6.10%
Trend-extrapolated value

Frequently asked questions

When did 8711 Madrid St last sell?
8711 Madrid St most recently sold on Jul 29, 2022 for $450,000.
What is the current tax assessment for 8711 Madrid St?
The most recent total assessment for 8711 Madrid St (year 2026) is $433,500 with $4,496 in property tax.
How does 8711 Madrid St's assessment compare to its last sale price?
The current assessment is 3.7% below the last sale price of $450,000.
When was 8711 Madrid St built?
8711 Madrid St was built in 2010.
How does 8711 Madrid St compare to others on Madrid St?
We track 3 other properties on Madrid St. Browse the list under "Other properties on Madrid St" to compare beds, baths, and sale history.
What are the property facts for 8711 Madrid St?
8711 Madrid St is a 3 bed, 2 bath, 1,530 sqft, 3,680 sqft lot single_family.
Is 8711 Madrid St a flip candidate?
No — 8711 Madrid St does not appear in our flips dataset.
Is 8711 Madrid St a tax-appeal candidate?
No — 8711 Madrid St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.1%
Implied 1-yr
+0.2%
2026 Q3
$633.3K
2026 Q4
$633.6K
ZIP 98516 — Median Price History + Forecast

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