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124 Mount Rainier Dr

Packwood, WA 98361

2 bd 2 ba 1,216 sqft Built 1976 Lot 11,326 sqft single_family
Most recent sale
$495,440
Nov 2, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Nov 2, 2022 Sold $495,440 NWMLS
Oct 5, 2022 Listed $485,000 NWMLS
Jul 9, 2021 Sold $365,000 NWMLS
Jun 18, 2021 Listed $365,000 NWMLS
May 14, 2021 Sold $203,000 Public Record
May 25, 2007 Sold $158,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $335,500 $80,600 $416,100 $3,322
2025 $323,900 $67,200 $391,100 $3,041
2024 $319,300 $50,700 $370,000 $2,554
2023 $279,100 $50,700 $329,800 $2,426
2022 $186,400 $39,000 $225,400 $2,081
2021 $113,500 $23,900 $137,400 $1,685
2020 $106,000 $21,500 $127,500 $1,570
2019 $106,000 $21,500 $127,500 $1,550
2018 $90,300 $21,500 $111,800 $1,440
2017 $87,700 $20,900 $108,600 $1,276
2016 $86,000 $22,000 $108,000 $1,325
2015 $80,400 $33,400 $113,800 $1,410
2014 $80,100 $33,400 $113,500 $1,403
2013 $95,600 $33,400 $129,000 $1,591
2012 $91,000 $33,400 $124,400 $1,529
2011 $82,700 $29,000 $111,700 $1,376
2009 $49,900 $19,000 $68,900 $804
2008 $49,900 $19,000 $68,900 $747
2007 $49,900 $19,000 $68,900 $479

Property facts

Year built
1976
Property type
single_family
Stories
Beds
2
Baths
2
Living area
1,216 sqft
Lot size
11,326 sqft
ZIP code
98361
City
Packwood
Street
Mount Rainier Dr
Coordinates
46.62714, -121.66858

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
$2,797
Gross rental yield
6.77%
Implied cap rate
4.40%
Trend-extrapolated value

Frequently asked questions

When did 124 Mount Rainier Dr last sell?
124 Mount Rainier Dr most recently sold on Nov 2, 2022 for $495,440.
What is the current tax assessment for 124 Mount Rainier Dr?
The most recent total assessment for 124 Mount Rainier Dr (year 2026) is $416,100 with $3,322 in property tax.
How does 124 Mount Rainier Dr's assessment compare to its last sale price?
The current assessment is 16.0% below the last sale price of $495,440.
When was 124 Mount Rainier Dr built?
124 Mount Rainier Dr was built in 1976.
How does 124 Mount Rainier Dr compare to others on Mount Rainier Dr?
We track 8 other properties on Mount Rainier Dr. Browse the list under "Other properties on Mount Rainier Dr" to compare beds, baths, and sale history.
What are the property facts for 124 Mount Rainier Dr?
124 Mount Rainier Dr is a 2 bed, 2 bath, 1,216 sqft, 11,326 sqft lot single_family.
Is 124 Mount Rainier Dr a flip candidate?
Yes — 124 Mount Rainier Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 124 Mount Rainier Dr a tax-appeal candidate?
No — 124 Mount Rainier Dr 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
-3.4%
Implied 1-yr
-13.8%
2026 Q1
$333.6K
2026 Q2
$318.8K
ZIP 98361 — Median Price History + Forecast

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