Investor & builder opportunity in Yelm, WA. Located in a growing community with demand for new housing on a parcel of 5 acres, this 3 bdrm, 2 bath, 2005-built 2,003 sqft home has lots of potential. Manufactured home also included in the sale. Just minutes from schools, parks, shopping, and easy access to JBLM, Olympia and Tacoma, this location offers both convenience and growth potential. Buyer to verify zoning and development opportunities. Don't miss out on this rare chance to build and invest in one of Thurston County's fastest growing areas.
Sold
Listed by:
Marissa Beach,
Keller Williams Realty PS
Bought with: Spivey Realty Group, LLC
$510,000
17200 Railway Road SE, Yelm, WA 98597
7beds
3,937sqft
Single Family Residence
Built in 2005
5 Acres Lot
$531,700 Zestimate®
$130/sqft
$4,587 Estimated rent
Home value
$531,700
$505,000 - $558,000
$4,587/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 20, 2025 at 04:01am
Listed by:
Marissa Beach,
Keller Williams Realty PS
Bought with:
Christopher Pierog, 136693
Spivey Realty Group, LLC
Source: NWMLS,MLS#: 2354526
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Electric
Cooling
- Other – See Remarks
Appliances
- Included: Water Heater: Electric, Water Heater Location: Garage
Features
- Ceiling Fan(s), Dining Room
- Flooring: Hardwood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 2,003
- Total interior livable area: 3,937 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, RV Parking
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Ceiling Fan(s), Dining Room, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Lot
- Size: 5 Acres
- Features: Dead End Street, Value In Land, Outbuildings, RV Parking
Details
- Additional structures: ADU Beds: 4, ADU Baths: 2
- Parcel number: 22720120100
- Zoning: RRR1/5
- Special conditions: See Remarks
- Other equipment: Leased Equipment: N/A
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 2005
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Septic Tank, Company: (Septic)
- Water: Shared Well, Company: Water Well
- Utilities for property: Light Curve
Community & neighborhood
Location
- Region: Yelm
- Subdivision: Nisqually River
Other
Other facts
- Listing terms: Cash Out,Conventional,Rehab Loan,USDA Loan,VA Loan
- Road surface type: Dirt
- Cumulative days on market: 57 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2025 | Sold | $510,000-5.6%$130/sqft |
Source:  NWMLS #2354526 Report a problem | ||
| 6/1/2025 | Pending sale | $540,000$137/sqft |
Source: NWMLS #2354526 Report a problem | ||
| 5/21/2025 | Price change | $540,000-7.8%$137/sqft |
Source: NWMLS #2354526 Report a problem | ||
| 4/3/2025 | Listed for sale | $586,000+57.9%$149/sqft |
Source: NWMLS #2354526 Report a problem | ||
| 10/24/2013 | Sold | $371,1730%$94/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,403 -22.7% | $586,000 +0.4% |
| 2023 | $5,695 +2.6% | $583,400 -0.9% |
| 2022 | $5,550 +0.7% | $588,800 +18.1% |
Find assessor info on the county website
Neighborhood: 98597
Nearby schools
GreatSchools rating
- 4/10Fort Stevens Elementary SchoolGrades: PK-5Distance: 1 mi
- 7/10Yelm Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Yelm High School 12Grades: 9-12Distance: 2.4 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value$531,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$531,700