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Single Family ResidenceResidential
$500,590$293 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $470,000 on Oct 13, 2023

5507 40TH CT SE

LACEY, WA 98503
3
Beds
2 / 1
Baths
1,710 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.33 ac
Lot SizeThe size of the land the home sits on, from county records.
1987
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$501K
$484K low$517K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$470,000 · Oct 13, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$11 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$460,200 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$157,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$302,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$452,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$460,200

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyThurston
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1993
Lot (acres)The size of the land the home sits on, from county records.0.33
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Concrete
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 232 ft²Porch · 15 ft²

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(1)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Timberline High SchoolB-
High · Grades 9–12 · 0.5 mi
E
Lakes Elementary SchoolB+
Elementary · Grades KG–5 · 0.6 mi
M
Komachin Middle SchoolC+
Middle · Grades 6–8 · 0.6 mi

District: North Thurston Public Schools

Neighborhood · ZIP 98503These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.95
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.104
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.233

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.20%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.40,840
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,445 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$80,871
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$99,497
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.48 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.35%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5507 40th Ct Se measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Has a bigger lot than 84% of homes in Lacey 98503

What homes are worth in Lacey 98503

Each bar is how many homes fall in that price range. The marker is this home.

This home
$325K$834K

This home is worth more than 59% of homes in Lacey 98503.

How it measures up in Lacey 98503

The dot is this home. The mark in the middle is the typical home in Lacey 98503.

Estimated value$500,590
CheaperTypical $483,025Pricier

Pricier than 59% of homes nearby

Price per ft²$293
CheaperTypical $291Pricier

Pricier than 52% of homes nearby

Living area1,710 ft²
SmallerTypical 1,664 ft²Bigger

Bigger than 53% of homes nearby

Lot size0.33 ac
SmallerTypical 0.22 acBigger

Bigger than 84% of homes nearby

Year built1987
OlderTypical 1985Newer

Newer than 55% of homes nearby

How 5507 40th Ct Se ranks against every home in each area.
MeasureThis homeLacey 98503Thurston County
Estimated valuepricier than$500,59059% of homes42% of homes
Price per ft²pricier than$29352% of homes45% of homes
Living areabigger than1,710 ft²53% of homes47% of homes
Lot sizebigger than0.33 ac84% of homes60% of homes
Year builtnewer than198755% of homes44% of homes

About 5507 40th Ct Se

How much is 5507 40th Ct Se, Lacey, WA worth?

The TopHap Estimate for 5507 40th Ct Se, Lacey, WA is $500,590 as of Oct 21, 2026. The likely range is $484,109 to $517,071. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5507 40th Ct Se, Lacey, WA last sell?

5507 40th Ct Se, Lacey, WA last sold on Oct 13, 2023 for $470,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 5507 40th Ct Se, Lacey, WA?

5507 40th Ct Se, Lacey, WA has 3 bedrooms, 2 bathrooms, 1,710 square feet of living space and a 0.33-acre lot.

When was 5507 40th Ct Se, Lacey, WA built?

5507 40th Ct Se, Lacey, WA was built in 1987, making it 39 years old. It is a ranch home. The building has 1 story.

What schools serve 5507 40th Ct Se, Lacey, WA?

5507 40th Ct Se, Lacey, WA is assigned to Timberline High School (high), rated B-; Lakes Elementary School (elementary), rated B+; Komachin Middle School (middle), rated C+. All sit in North Thurston Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5507 40th Ct Se, Lacey, WA compare to other homes in Lacey 98503?

Among the 12,159 homes in Lacey 98503, it is worth more than 59% of them ($500,590 against a typical $483,025), its price per square foot is higher than 52% of them ($293 against a typical $291), it is bigger than 53% of them (1,710 ft² against a typical 1,664 ft²), its lot is bigger than 84% of them (0.33 ac against a typical 0.22 ac) and it is newer than 55% of them (1987 against a typical 1985). Measured against all of Thurston County, it is worth more than 42% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5507 40th Ct Se, Lacey, WA?

The 2026 property tax bill for 5507 40th Ct Se, Lacey, WA was $11. The county assessed it at $460,200.

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Assigned schools

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