This home's estimate is 29.6% higher than the average sale price ($508K) of 6 comparable homes.
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- Property details
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8940 SE Rathbun Rd, Yelm, WA 98597
About this home
Unlock the full potential of this three bedroom, three bathroom rambler set on an expansive 19.54 acres in Yelm. With mostly flat terrain, the possibilities are endless. Enjoy unparalleled privacy as the property adjoins Fort Lewis forest land across the street. An addional potential living space with its own kitchenette and bathroom is fenced off from the main house, presenting opportunities for storage or generating income. Plus, it's priced to sell, making your dreams a more obtainable reality at an incredible value. Act now and seize the limitless potential this property has to offer!

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Market trends in 98597, WA
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
- NEW$599,9754 beds2.5 baths2,549 sq ft15355 92nd Ave SE, Yelm, WA 98597Jahleel Vester • Pure Real Estate
- VIDEO TOUR$299,0002 beds1 bath864 sq ft904 Crystal Spgs NW, Yelm, WA 98597Kari Montgomery • Keller Williams Realty
- 3D WALKTHROUGH$449,9503 beds2 baths1,498 sq ft18315 Avonwood Ct SE, Yelm, WA 98597Rick Simpson • John L. Scott/Yelm
- $339,9503 beds2 baths1,782 sq ft8611 Sequoia Ct SE, Yelm, WA 98597Quincy Qualls • John L. Scott Lacey
- VIDEO TOUR
- VIDEO TOUR
- $699,9503 beds2 baths2,307 sq ft16240 Ordway Dr SE, Yelm, WA 98597Brad Harper • CENTURY 21 North Homes Realty
See all
Provided by Redfin
Sale history for 8940 SE Rathbun Rd
$268/sq ft
$268/sq ft
Tax history for 8940 SE Rathbun Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
UR 1/5
Urban Reserve-One Dwelling Unit Per Five Acre District
The purposes of this chapter are to: Provide for low density residential uses, agriculture, forestry, conservation and associated uses in areas contiguous to urban growth areas, cities and towns that appear to be capable of eventually supporting urban density development; and Provide for development in a configuration that enables efficient redevelopment at urban densities upon inclusion in an urban growth area and provision of urban utilities and services.Include but are not limited to:
- Agriculture
- Housing-Single unit
- Recreation
Property details
Parking
- Parking Information
- Covered Spaces: 2
- Parking Features: RV Parking, Driveway, Attached Garage
- Garage Spaces: 2
- Has Attached Garage
- Has Garage
Interior
- Bedroom Information
- # of Bedrooms: 3
- # of Bedrooms Main: 3
- Bedrooms Possible: 3
- Bathroom Information
- # of Full Baths (Total): 2
- # of Three Quarter Baths (Total): 1
- # of Full Baths (Main): 2
- # of Three Quarter Baths (Main): 1
- Room 1 Information
- Room Type: Dining Room
- Room Level: Main
- Room 2 Information
- Room Type: Entry Hall
- Room Level: Main
- Room 3 Information
- Room Type: Family Room
- Room Level: Main
- Room 4 Information
- Room Type: Kitchen With Eating Space
- Room Level: Main
- Room 5 Information
- Room Type: Living Room
- Room Level: Main
- Room 6 Information
- Room Type: Primary Bedroom
- Room Level: Main
- Room 7 Information
- Room Type: Utility Room
- Room Level: Main
- Room 8 Information
- Room Type: Bathroom Full
- Room Level: Main
- Room 9 Information
- Room Type: Bathroom Full
- Room Level: Main
- Room 10 Information
- Room Type: Bathroom Three Quarter
- Room Level: Main
- Room 11 Information
- Room Type: Bedroom
- Room Level: Main
- Room 12 Information
- Room Type: Bedroom
- Room Level: Main
- Basement Information
- Basement Features: None
- Fireplace Information
- Has Fireplace
- # of Fireplaces: 1
- # of Fireplaces Main: 1
- Heating & Cooling
- Has Heating
- Heating Information: Forced Air, Insert
- Cooling Information: None
- Interior Features
- Interior Features: Ceramic Tile, Laminate Hardwood, Ceiling Fan(s), Dining Room, Walk-In Pantry, Wired for Generator, Fireplace
- Flooring: Ceramic Tile, Laminate, Vinyl
- Appliances Included: Dishwasher,Refrigerator,StoveRange
- Second Living Quarters Information
- ADU # of Beds: 1
- ADU # of Baths: 1
Exterior
- Building Information
- Building Information: Built On Lot,Detached
- Roof: Composition
- Exterior Features
- Exterior Features: Wood
- Pool Information
- Has Spa
- Property Information
- Energy Source: Propane,Wood
- Sq. Ft. Finished: 2,148
- Style Code: 10 - 1 Story
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Has View
- Land Information
- Vegetation: Garden Space, Pasture, Wooded
- Lot Information
- MLS Lot Size Source: Co Assessor
- Site Features: Cable TV,Deck,Fenced-Partially,Gas Available,Hot Tub/Spa,Outbuildings,Propane,RV Parking
- Lot Features: Open Space, Paved, Secluded
- Lot Size Units: Square Feet
- Lot Size Acres: 19.54
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $6,030
- Tax Year: 2023
- Financial Information
- Listing Terms: Cash Out, Conventional, FHA, VA Loan
- Buyer Financing: Cash
Utilities
- Utility Information
- Water Source: Individual Well
- Water Company: Individual Well
- Sewer: Septic Tank
- Sewer Company: Septic
Location
- Multi-Unit Information
- Furnished: Unfurnished
- School Information
- High School District: Yelm
- Location Information
- Directions: From WA-507 S go left on 93rd Ave SE then slight right onto Rathbun Rd.
- Topography: Equestrian,Level
- Community Information
- Senior Exemption: false
Public facts
- Beds: 4
- Baths: 3.0
- Sq. Ft.: 2,148
- Stories: 1.0
- Lot Size: 19.54 acres
- Style: Single Family Residential
- Year Built: 1976
- Year Renovated: 1991
- County: Thurston County
- APN: 21714320000
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Tuesday, September 19, 2023
- Green Information
- Power Production Type: Propane, Wood
- Home Information
- Living Area: 2,148
- Living Area Units: Square Feet
- Calculated Square Footage: 2596
- MLS Square Footage Source: Co Assessor
- Building Area Total: 2148
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Structure Type: House
- Levels: One
- Entry Location: Main
Around this home
Schools
Public PreK-5 • Assigned • 0.9mi
Public 6-8 • Assigned • 2.3mi
Public 9-12 • Assigned • 1.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 87° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
7 unhealthy days expected this year, 9 days in 30 years
Sun exposure
In this area, properties receive around 8.9 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98597
Home values near 8940 SE Rathbun Rd
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 2800 Sq. Ft. | $681,909 |
3 Beds | 2 Baths | 1650 Sq. Ft. | $603,477 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3.5 Baths | 3524 Sq. Ft. | $799,323 |
3 Beds | 1.5 Baths | 2055 Sq. Ft. | $608,454 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3.5 Baths | 2478 Sq. Ft. | $941,271 |
4 Beds | 3.5 Baths | 2438 Sq. Ft. | $606,615 |
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