Welcome to First Lookout Farm—where Mt. Rainier greets you daily with breathtaking beauty. Nestled on just shy of 10 acres in Yelm, this charming farmhouse offers the perfect blend of peaceful country living and functional equestrian lifestyle. This gorgeous home is 1949 sq ft with a 972sq ft unfinished basement featuring 3 bedrooms, 2 baths, plus 2 additional office/flex rooms with inspiring views, the home boasts a desirable open floorplan designed for easy living. Expansive picture windows capture stunning vistas in every direction—sunrise over rolling hayfields and snow-capped mountains to the east, and sunset views of the timeless barn and apple tree orchard to the west. The property is thoughtfully equipped for both comfort and productivity, including a proper mudroom with laundry, detached shop with multiple workshop spaces, and EV charger. Outdoors, enjoy a private recreation area with a 22' pool, adjacent deck, and sun sail—perfect for summer entertaining. Ideal for equestrian or hobby farming, the fully fenced and gated acreage includes grazing pasture, a classic barn with enclosed livestock area, large chicken/duck enclosure, and coop. Established fruit trees—apple, plum, and mirabelle—add to the farmstead charm. A prepared entry for a 16' automated double gate offers future enhancement potential. Experience the serenity of country living while remaining conveniently located just minutes from town amenities.
Sold
Street View
Listed by: Keller Williams Realty • Kari Montgomery
Bought with: RE/MAX Exclusive
$715,000
15111 148th Avenue SE, Yelm, WA 98597
3beds
2,921sqft
Single Family Residence
Built in 1964
9.63 Acres Lot
$714,700 Zestimate®
$245/sqft
$2,953 Estimated rent
Home value
$714,700
$679,000 - $750,000
$2,953/mo
Zestimate® history
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List your homeWhat's special
Charming farmhouseGrazing pastureProper mudroom with laundryAdjacent deck
Zillow last checked:
Listing updated:
Listed by:
Kari Montgomery,
Keller Williams Realty,
Amanda Lynn Langan,
Buck Real Estate
Bought with:
Jay Moore, 13258
RE/MAX Exclusive
Source: NWMLS as distributed by MLS GRID,MLS#: 2507284
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bathroom full
- Level: Second
Bathroom full
- Level: Main
Other
- Level: Main
Den office
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Heat Pump, Electric
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Disposal, Double Oven, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Washer(s)
Features
- Bath Off Primary, Ceiling Fan(s)
- Flooring: Laminate, Vinyl Plank, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: Unfinished
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Lower Level: 1, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,921
- Total interior livable area: 2,921 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached Carport, Driveway, Off Street, RV Parking
- Has carport: Yes
- Covered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Wine/Beverage Refrigerator, Wired for Generator
- Pool features: Above Ground
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 9.63 Acres
- Dimensions: 981 x 420
- Features: Open Lot, Paved, Secluded, Barn, Cable TV, Deck, Electric Car Charging, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Outdoor Fireplace, RV Parking, Shop
- Topography: Equestrian,Level
- Residential vegetation: Fruit Trees, Garden Space, Pasture
Details
- Parcel number: 21613420000
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman,2 Story
- Property subtype: Single Family Residence
Materials
- Cement/Concrete, Wood Siding
- Foundation: Poured Concrete
- Roof: Metal
Condition
- Updated/Remodeled
- Year built: 1964
- Major remodel year: 1964
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank
- Water: Individual Well, Private
- Utilities for property: Internet Or Antenna, Starlink
Community & HOA
Community
- Subdivision: Yelm
Location
- Region: Yelm
Financial & listing details
- Price per square foot: $245/sqft
- Tax assessed value: $593,100
- Annual tax amount: $4,197
- Date on market: 7/5/2026
- Cumulative days on market: 17 days
- Listing terms: Conventional,FHA,See Remarks,USDA Loan,VA Loan
- Inclusions: Above Ground Pool, Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Sold | $715,000$245/sqft |
Source:  NWMLS as distributed by MLS GRID #2507284 Report a problem | ||
| 4/28/2026 | Pending sale | $715,000$245/sqft |
Source: NWMLS as distributed by MLS GRID #2507284 Report a problem | ||
| 4/16/2026 | Listed for sale | $715,000+5.1%$245/sqft |
Source: NWMLS as distributed by MLS GRID #2507284 Report a problem | ||
| 1/5/2024 | Sold | $680,000-2.7%$233/sqft |
Source: NWMLS as distributed by MLS GRID #2155963 Report a problem | ||
| 10/17/2023 | Contingent | $699,000$239/sqft |
Source: John L Scott Real Estate #2155963 Report a problem | ||
| 10/16/2023 | Pending sale | $699,000$239/sqft |
Source: John L Scott Real Estate #2155963 Report a problem | ||
| 10/16/2023 | Contingent | $699,000$239/sqft |
Source: NWMLS as distributed by MLS GRID #2155963 Report a problem | ||
| 8/29/2023 | Listed for sale | $699,000+4.3%$239/sqft |
Source: NWMLS as distributed by MLS GRID #2155963 Report a problem | ||
| 3/14/2022 | Sold | $670,000-4.3%$229/sqft |
Source: NWMLS as distributed by MLS GRID #1877315 Report a problem | ||
| 2/13/2022 | Pending sale | $700,000$240/sqft |
Source: NWMLS as distributed by MLS GRID #1877315 Report a problem | ||
| 2/10/2022 | Listed for sale | $700,000$240/sqft |
Source: NWMLS as distributed by MLS GRID #1877315 Report a problem | ||
| 2/5/2022 | Pending sale | $700,000$240/sqft |
Source: NWMLS as distributed by MLS GRID #1877315 Report a problem | ||
| 1/27/2022 | Listed for sale | $700,000+106.1%$240/sqft |
Source: NWMLS as distributed by MLS GRID #1877315 Report a problem | ||
| 11/15/2017 | Sold | $339,719-2.9%$116/sqft |
Source: NWMLS as distributed by MLS GRID #1041568 Report a problem | ||
| 6/14/2017 | Pending sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
| 5/22/2017 | Listed for sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
| 5/13/2017 | Pending sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
| 5/8/2017 | Listed for sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
| 4/28/2017 | Pending sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
| 4/27/2017 | Listed for sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
| 2/7/2017 | Pending sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
| 10/13/2016 | Listed for sale | $349,900$120/sqft |
Source: Coldwell Banker Evergreen Olympic Realty, Inc. #1041568 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,363 -20% | $593,100 +4.5% |
| 2023 | $5,456 +9% | $567,800 +5.9% |
| 2022 | $5,004 +4.1% | $536,200 +22.2% |
| 2021 | $4,808 +9.9% | $438,900 +26% |
| 2020 | $4,373 +37.9% | $348,400 +19.9% |
| 2019 | $3,171 -12.1% | $290,600 -1% |
| 2018 | $3,608 +8.1% | $293,600 +22.1% |
| 2017 | $3,338 | $240,450 +3% |
| 2016 | $3,338 | $233,550 -1.3% |
| 2014 | $3,338 | $236,600 +4.6% |
| 2013 | -- | $226,300 |
| 2012 | $3,387 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,417 -0.9% | $97,990 |
| 2000 | $1,430 | $97,990 |
Find assessor info on the county website
Neighborhood: 98597
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Nearby schools
GreatSchools rating
- 6/10Yelm Prairie Elementary SchoolGrades: PK-5Distance: 4.1 mi
- 7/10Ridgeline Middle SchoolGrades: 6-8Distance: 4.3 mi
- 4/10Yelm High School 12Grades: 9-12Distance: 5.5 mi
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Estimated market value
$714,700
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$714,700
- Washington
- Thurston County
- Yelm
- 98597
- 15111 148th Avenue SE
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