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← Back to search results/Yelm, WA/16005 148th Avenue SE
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Listed by Adam Schmier • RE/MAX Country.
FOR SALE

$574,900

Est. $3,116/mo

Price reduced $75,100 from the original $650,000 asking price

2 bd•1.5 ba•2,044 sq ft

16005 148th Avenue SE, Yelm, WA 98597

• Listed Jun 12, 2026•150 days active · 150 cumulative

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★★★★★5.0·1,215 Google reviews

Listing Broker: RE/MAX Country; Adam Schmier; 360-259-7189; adamfromremax@gmail.com

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Listing Broker: RE/MAX Country; Adam Schmier; 360-259-7189; adamfromremax@gmail.com

About this home

Two acres. Room for your animals. Space for your projects. A country lifestyle just minutes from Yelm. Discover the possibilities on this fully fenced and cross-fenced two-acre property, thoughtfully set up for hobby farming, homesteading, and country living. Established livestock areas, multiple stalls, convenient watering stations, and open pasture provide a ready-made setting for horses, goats, chickens, pigs, and more. Need room beyond the house? The detached four-car garage offers exceptional flexibility for vehicles, equipment, recreational toys, storage, or a dedicated workshop. Inside, the open-concept rambler makes the most of its layout, with expansive pasture views and a covered back porch where you can unwind and enjoy the surrounding acreage. Two spacious bedrooms, including one with a Murphy bed, offer flexibility for everyday living, guests, or a home office. Recent improvements include a new roof and gutters, updated plumbing, and hot and cold exterior water spigots. Whether you envision a small farm, a place for your animals, a workshop for your next project, or simply more room to spread out, this property offers a combination of usable acreage, existing infrastructure, and convenient access to downtown Yelm, Lawrence Lake, JBLM, shopping, and outdoor recreation. If you've been looking for a property where the land and outbuildings are just as important as the home, come explore the possibilities at this unique country property.

Property type
Single Family
Year built
1973
Interior
2,044 sq ft
Lot size
2 acres
Parking
6-car garage
Price / sq ft
$281
HeatingBaseboard, Wall Furnace
CoolingNone
Property taxes$3,417/yr (est.)
School districtYelm

Listed by Adam Schmier • RE/MAX Country

Listing updated: October 23, 2026 at 11:57am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2538979

Around this home

RexMont OfferEdge™

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16005 148th Avenue SE, Yelm, WA 98597

List price
$574,900
Down payment
$114,980

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Interior features

  • Bath Off Primary
  • Ceiling Fan(s)
  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • French Doors
  • Walk-In Closet(s)
  • Water Heater
  • Wired for Generator
  • 2 fireplaces (pellet stove, wood burning)

Kitchen

  • Dishwasher
  • Double Oven
  • Microwave
  • Refrigerator
  • Stove(s)/Range(s)

Bedrooms

  • 2 bedrooms total
  • 2 on the main level

Bathrooms

  • 1 full bathroom
  • 1 half bathroom
  • 1.5 bathrooms total (NWMLS count)
  • 2 on the main level

Layout

  • 1 Story
  • 2,044 sq ft finished

Flooring

  • Ceramic Tile
  • Laminate

Heating & cooling

  • Baseboard heating
  • Wall Furnace heating
  • None cooling

Schools

Ratings via SchoolDigger

Yelm School District

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Topography
Equestrian,Level
Vegetation
Garden Space, Pasture

Systems

Energy source
Electric,Pellet,Wood
Power production
Electric, Pellet, Wood
Water heater
Electric
Water heater location
Garage
Irrigation water rights
No

Rooms & extras

Bathtubs
1
Showers
1
Fireplaces on main
1
Fireplaces lower level
1

New construction

Square footage source
Public Records
Lot size source
Public Records
Effective year built source
Public Records

Manufactured home

Land lease
No

Neighborhood mobility

Doorstep, Pedal & Station Scores

Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.

Ground Truth™

The ground, the slope, the flood zone and the noise at this address

Read from public hazard, flood, terrain and noise maps for this exact home.

Address Insider™

The members' report

Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.

Members

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Sales & Tax Records for 16005 148th Avenue SE

NWMLS via MLS Grid · Thurston County Assessor

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Oct 12, 2026
    Price reduced
    NWMLS via MLS Grid · #2538979
    $574,900
    $281/sq ft
  2. Jun 12, 2026
    Listed
    NWMLS via MLS Grid · #2538979
    $650,000
    $318/sq ft
  3. May 10, 2019
    Sold
    NWMLS via MLS Grid · #1434770
    $365,000
    $179/sq ft
  4. Apr 16, 2019
    Pending
    NWMLS via MLS Grid · #1434770
    $365,000
    $179/sq ft
  5. Apr 5, 2019
    Listed
    NWMLS via MLS Grid · #1434770
    $365,000
    $179/sq ft
  6. Mar 30, 2000
    Sold
    NWMLS via MLS Grid · #33169940
    $125,000
    $61/sq ft

Down payment assistance

6 programs may be available to provide you with up to $28,745 in down payment assistance, depending on your specific information.

Northwest MLS lists this home as eligible for down payment assistance programs

Check eligibility

Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.

Mortgage payment forecast

$3,545 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: RE/MAX Country; Adam Schmier; 360-259-7189; adamfromremax@gmail.com

Market pulse

Yelm is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 74 days.

Recent sales nearby

Within 1 mile · last 6 months

  • $715,000 Sold

    5 months ago

    3 bd•2 ba•~1,949 sq ft•Single Family

    15111 148th Avenue SE, Yelm, WA 98597

    0%

    Over list

    62

    Days on market

    0.8 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Nov 2026

Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of November 9, 2026 at 11:40 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some IDX listings have been excluded from this website.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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