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506 Emerald Ln

Rainier, WA 98576

4 bd 3 ba 2,620 sqft Built 2017 Lot 12,601 sqft single_family
Most recent sale
$535,000
Jun 8, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 11, 2025 Listed for rent $2,825 ShowMojo
Jun 8, 2022 Sold $535,000 MLS #1925307
May 5, 2022 Listed $499,950 MLS #1925307
Jul 27, 2017 Sold $319,000 MLS #1144168
Jun 14, 2017 Listed $319,000 MLS #1144168
Jan 15, 2010 Listing removed $65,000 NWMLS
Feb 24, 2009 Listed $65,000 MLS #29027748

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $450,700 $122,000 $572,700 $5,901
2025 $450,700 $122,000 $572,700 $5,551
2024 $388,000 $93,700 $481,700 $4,511
2023 $443,600 $55,100 $498,700 $4,440
2022 $367,200 $44,600 $411,800 $4,242
2021 $367,200 $44,600 $411,800 $3,545
2020 $293,900 $44,600 $338,500 $3,659
2019 $277,300 $39,300 $316,600 $3,244
2018 $276,000 $39,200 $315,200 $447
2017 $35,100 $35,100 $281
2016 $22,700 $22,700 $423
2015 $33,450 $33,450 $436
2014 $32,750 $32,750 $2,945
2013 $36,850 $36,850 $2,149
2012 $37,500 $37,500 $606
2011 $44,750 $44,750 $627
2010 $47,350 $47,350 $691
2008 $76,150 $76,150 $440
2007 $38,650 $38,650 $424

Property facts

Year built
2017
Property type
single_family
Stories
Beds
4
Baths
3
Living area
2,620 sqft
Lot size
12,601 sqft
ZIP code
98576
City
Rainier
Street
Emerald Ln
Coordinates
46.88897, -122.68020

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
$6,026
Gross rental yield
13.52%
Implied cap rate
8.79%
Trend-extrapolated value

Frequently asked questions

When did 506 Emerald Ln last sell?
506 Emerald Ln most recently sold on Jun 8, 2022 for $535,000.
What is the current tax assessment for 506 Emerald Ln?
The most recent total assessment for 506 Emerald Ln (year 2026) is $572,700 with $5,901 in property tax.
How does 506 Emerald Ln's assessment compare to its last sale price?
The current assessment is 7.0% above the last sale price of $535,000.
When was 506 Emerald Ln built?
506 Emerald Ln was built in 2017.
How does 506 Emerald Ln compare to others on Emerald Ln?
We track 8 other properties on Emerald Ln. Browse the list under "Other properties on Emerald Ln" to compare beds, baths, and sale history.
What are the property facts for 506 Emerald Ln?
506 Emerald Ln is a 4 bed, 3 bath, 2,620 sqft, 12,601 sqft lot single_family.
Is 506 Emerald Ln a flip candidate?
No — 506 Emerald Ln does not appear in our flips dataset.
Is 506 Emerald Ln a tax-appeal candidate?
No — 506 Emerald Ln 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
+2.7%
Implied 1-yr
+10.9%
2026 Q3
$557.1K
2026 Q4
$569.9K
ZIP 98576 — Median Price History + Forecast

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