5625 Reef Ln
Lacey, WA 98516
2 bd 2 ba 1,727 sqft Built 2021 Lot 5,001 sqft single_family
Most recent sale
$576,637
Sep 30, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 23, 2025 | Sold | $570,000 | NWMLS |
| Oct 6, 2024 | Price changed | $632,500 | NWMLS |
| Sep 11, 2024 | Relisted | $640,000 | NWMLS |
| Aug 28, 2024 | Price changed | $640,000 | NWMLS |
| Jul 26, 2024 | Price changed | $655,000 | NWMLS |
| Jul 1, 2024 | Price changed | $665,000 | NWMLS |
| May 24, 2024 | Price changed | $675,000 | NWMLS |
| Mar 9, 2024 | Listed | $685,000 | NWMLS |
| Sep 30, 2021 | Sold | $576,637 | NWMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $455,500 | $198,300 | $653,800 | $6,775 |
| 2025 | $455,500 | $198,300 | $653,800 | $1,138 |
| 2024 | $410,100 | $168,600 | $578,700 | $1,152 |
| 2023 | $460,600 | $96,100 | $556,700 | $5,297 |
| 2022 | $261,900 | $96,000 | $357,900 | $4,164 |
| 2021 | — | $95,100 | $95,100 | $1,194 |
Property facts
Year built
2021
Property type
single_family
Stories
1
Beds
2
Baths
2
Living area
1,727 sqft
Lot size
5,001 sqft
ZIP code
98516
City
Lacey
Street
Reef Ln
Coordinates
47.11282, -122.76297
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,972
Gross rental yield
8.27%
Implied cap rate
5.37%
Trend-extrapolated value
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Frequently asked questions
When did 5625 Reef Ln last sell?
5625 Reef Ln most recently sold on Sep 30, 2021 for $576,637.
What is the current tax assessment for 5625 Reef Ln?
The most recent total assessment for 5625 Reef Ln (year 2026) is $653,800 with $6,775 in property tax.
How does 5625 Reef Ln's assessment compare to its last sale price?
The current assessment is 13.4% above the last sale price of $576,637.
When was 5625 Reef Ln built?
5625 Reef Ln was built in 2021.
How does 5625 Reef Ln compare to others on Reef Ln?
We track 3 other properties on Reef Ln. Browse the list under "Other properties on Reef Ln" to compare beds, baths, and sale history.
What are the property facts for 5625 Reef Ln?
5625 Reef Ln is a 2 bed, 2 bath, 1,727 sqft, 5,001 sqft lot single_family.
Is 5625 Reef Ln a flip candidate?
No — 5625 Reef Ln does not appear in our flips dataset.
Is 5625 Reef Ln a tax-appeal candidate?
No — 5625 Reef Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.1%
Implied 1-yr
+0.2%
2026 Q3
$633.3K
2026 Q4
$633.6K
ZIP 98516 — Median Price History + Forecast
Explore nearby
Geography
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