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← Back to search results/Yelm, WA/18230 Penn Lane SE
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Listed by Rick Simpson • John L. Scott/Yelm.
FOR SALE

$599,950

Est. $3,251/mo

Price reduced $30,000 from the original $629,950 asking price

3 bd•2 ba•1,990 sq ft

18230 Penn Lane SE, Yelm, WA 98597

• Listed Oct 8, 2026•32 days active · 32 cumulative

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★★★★★5.0·1,215 Google reviews

Listing Broker: John L. Scott/Yelm; Rick Simpson; 253-861-9813; rsimpson@johnlscott.com

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Listing Broker: John L. Scott/Yelm; Rick Simpson; 253-861-9813; rsimpson@johnlscott.com

About this home

Custom-built rambler on over 1.5 acres, offering a thoughtful blend of privacy, space, and convenience. Built in 2005 and offered for sale for the first time in over 20 years, this nearly 2000 sq ft home features 3 bedrooms, bonus room, den/office, and 2 full baths. A gated entry and circular driveway create an inviting arrival and plenty of parking. Inside, the thoughtfully updated kitchen features new cabinetry, countertops, appliances, and a wine fridge. The primary suite includes an updated bath and walk-in closet. Vaulted ceilings and a fireplace create a warm, comfortable living space. Recent improvements include a new roof, newer exterior paint, fresh interior paint, and LVP flooring. Propane serves the fireplace, furnace, and water heater, and the home is generator ready. Step outside to enjoy the covered front porch or expansive back patio with hot tub- ideal for relaxing or entertaining. The property also features a fire pit and outbuilding, with plenty of room to enjoy the acreage. Tucked away in a peaceful rural setting yet just a few miles from town, shopping, dining, and schools, with JBLM and major freeway access approximately 20 minutes away. A well-maintained property offering the space, comfort, and convenience today's buyers are looking for. 1 year home warranty included for buyer peace of mind. Buyer/buyer agent to verify all information to own satisfaction.

Property type
Single Family
Year built
2005
Interior
1,990 sq ft
Lot size
1.6656 acres
Parking
2-car garage
Price / sq ft
$301
HeatingForced Air, Heat Pump
CoolingForced Air, Heat Pump
Property taxes$4,056/yr (est.)
School districtYelm

Listed by Rick Simpson • John L. Scott/Yelm

Listing updated: October 28, 2026 at 10:42am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2591235

Around this home

RexMont OfferEdge™

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18230 Penn Lane SE, Yelm, WA 98597

List price
$599,950
Down payment
$119,990

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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

  • Ceiling Fan(s)
  • Dining Room
  • French Doors
  • Pantry
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Water Heater
  • Wine/Beverage Refrigerator
  • Wired for Generator

Kitchen

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

Bedrooms

  • 3 bedrooms total
  • 3 on the main level

Bathrooms

  • 2 full bathrooms
  • 2 on the main level

Layout

  • 1 Story
  • 1,990 sq ft finished
  • 420 sq ft garage

Flooring

  • Vinyl
  • Vinyl Plank
  • Carpet

Heating & cooling

  • Forced Air heating
  • Heat Pump heating
  • Forced Air cooling
  • Heat Pump 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

Systems

Energy source
Electric,Propane
Power production
Electric, Propane
Water heater
Propane
Water heater location
Garage
Power company
PSE
Water company
Private Well
Sewer company
Septic
Gas company
Propane-All American Propane
Garbage service
Pacific Disposal
Irrigation water rights
No

Rooms & extras

Spa
Yes

New construction

Square footage source
County Profile
Lot size source
County Profile

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

Opens with the report above.

Sales & Tax Records for 18230 Penn Lane 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 28, 2026
    Price reduced
    NWMLS via MLS Grid · #2591235
    $599,950
    $301/sq ft
  2. Oct 8, 2026
    Listed
    NWMLS via MLS Grid · #2591235
    $629,950
    $317/sq ft
  3. Jun 28, 2005
    Recorded sale
    Thurston County recorder
    $260,000
    $131/sq ft

Down payment assistance

6 programs may be available to provide you with up to $29,998 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

$3,739 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: John L. Scott/Yelm; Rick Simpson; 253-861-9813; rsimpson@johnlscott.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

  • $790,000 Sold

    4 weeks ago

    3 bd•2.5 ba•~2,700 sq ft•Single Family

    14323 Herbert Lane SE, Yelm, WA 98597

    0%

    Over list

    85

    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.

Want a deeper read on this market?

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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 12:06 PM 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.

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© 2026 Northwest Multiple Listing Service. All rights reserved.

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