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  • Listed by: Homestead Home Group • Catherine Larrow
    $2,850,000

    12306 Bald Hill Rd SE, Yelm, WA 98597

    --beds
    --baths
    3,608sqft
    : 
    $18,064/mo
    Get pre-qualified
    Single Family Residence, Ranch
    Built in 1901
    145.06 Acres Lot
    $-- Zestimate®
    $790/sqft
    $-- HOA

    What's special

    Existing farmhouseMassive barn and outbuildings
    Welcome to Reichel Farm - A rare working cattle operation in Thurston County: 145.06 gross acres, fully fenced, with prime pasture and strong hay potential. The property is anchored by a massive barn and outbuildings, an existing farmhouse, and a private well and septic system already in place. Predominantly flat, well-drained, and currently held under agricultural tax classification, with Mount Rainier views from most of the acreage and frontage on multiple public roads. For farmers and compound-living buyers: Zoned RRR 1/5 (one dwelling unit per five acres), the property supports multiple residences across the acreage without any subdivision required, ideal for buyers looking to move several households onto the same property. The existing farmhouse and barn provide a ready-made operational base, with room to build additional homes, expand grazing or hay ground, and keep the whole operation under one deed. Fencing, water, and septic infrastructure already support the working farm as-is.Development potential: The same acreage also carries development upside. A completed critical areas study identifies roughly 134 net acres available after wetland, stream, and prairie buffers, with a preliminary yield in the low-to-mid 20s in lots. Full due diligence materials available on request for buyers who want to evaluate that path alongside continued agricultural use.
    16 hours
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    24
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    Zillow last checked:

    Listing updated:

    Listed by:

    Catherine Larrow,

    Homestead Home Group,

    Nathan Graham,

    Homestead Home Group

    Source: NWMLS as distributed by MLS GRID,MLS#: 2565417MLS Logo

      Facts & features

      Interior

      Heating
      • Radiant, Geothermal
      Cooling
      • None
      Appliances
      • Included: See Remarks
      Features
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total structure area: 3,608
      • Total interior livable area: 3,608 sqft

      Property

      Parking
      • Total spaces: 16
      • Covered spaces: 8
      • Uncovered spaces: 8
      Features
      • Levels: Two
      • Stories: 2
      • Fencing: Perimeter
      Lot
      • Size: 145.06 Acres
      • Features: Paved
      • Topography: Level,Partial Slope
      Details
      • Additional structures: Storage, Workshop, Barn Features: Multiple Storage, Barn Type: Hay
      • Parcel number: 09910006000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional,2 Story
      • Property subtype: Single Family Residence, Ranch
      Materials
      • Wood Siding
      • Foundation: Poured Concrete
      • Roof: Metal
      Condition
      • Year built: 1901
      • Major remodel year: 1901

      Utilities & green energy

      • Sewer: Septic Tank

      Community & HOA

      Community
      • Subdivision: Bald Hills
      Location
      • Region: Yelm

      Financial & listing details

      • Price per square foot: $790/sqft
      • Tax assessed value: $20,400
      • Annual tax amount: $1,763
      • Date on market: 8/16/2026
      • Cumulative days on market: 2 days
      • Listing terms: Conventional,Farm Home Loan,See Remarks
      • Inclusions: Cattle, See Remarks
      • Lease term: Month-to-Month

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,473/mo

        Price history

        DateEventPrice
        8/18/2026Listed for sale$2,850,000+3702.5%$790/sqft
        Source: NWMLS as distributed by MLS GRID #2565417 Report a problem
        3/4/2021Listing removed--
        Source: RE/MAX International Report a problem
        2/22/2021Listed for sale$74,950$21/sqft
        Source: RE/MAX Northwest Realtors #1733131 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$180 -39%$20,400 -26.4%
        2023$295 +43.5%$27,700 +46.6%
        2022$205 +15.1%$18,900 +39%
        2021$178 -20.9%$13,600 -16%
        2020$225 +49%$16,200 +36.1%
        2019$151 -2.7%$11,900
        2018$156 +4.7%$11,900 +22.1%
        2017$149 $9,750 +8.3%
        2016$149 $9,000
        2014$149 -19.2%$9,000
        2007$184 -18.4%--
        2006$226 --
        2005-- --
        2002-- --
        2001$189 -1.1%$11,800
        2000$191 $11,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98597

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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