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14722 Kapowsin Highway E, Graham, WA, 98338

2beds
1baths
1,200sqft
$520,000
$433price/sqft
$3,655/moest. monthly cost
$146,200/yrincome needed

About This Home

Experience the freedom of country living on 5.29 usable acres in the scenic Kapowsin area! This beautifully remodeled home combines modern finishes with endless possibilities for recreation, hobbies, animals, & outdoor living. Inside you'll find a stunning kitchen featuring quartz countertops, custom cabinetry, stainless steel appliances, tile flooring, and an oversized island that opens to bright living and dining spaces. Updated bathrooms, new finishes throughout, a cozy fireplace, and ductless mini-split heating & cooling create a comfortable move-in-ready home. Outside is where this property truly shines. The expansive acreage offers room for horses, livestock, gardening, equipment, RVs, trailers, and future projects. A huge paved driveway provides abundant parking, while the large covered structure is ideal for RV storage, boats, equipment, or workshop space. The property also features a unique finished shipping container perfect for a home business, studio, workshop, gym, storage, or creative retreat. Enjoy the privacy and flexibility of acreage living while being just minutes from Graham amenities. Outdoor enthusiasts will love the proximity to Kapowsin Lake, Tanwax Lake, Ohop Lake, Alder Lake, hiking trails, fishing, horseback riding, and year-round recreation. Whether you're looking for a hobby farm, recreational property, multi-use homestead, or simply more space to live and play, this rare property offers a lifestyle that's becoming increasingly difficult to find.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

5/10
5/10
Frontier Middle SchoolGrades 6-85.6 mi
7/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1967

Materials

  • Foundation: Poured Concrete
  • Roof: Metal
  • Construction materials: Metal/Vinyl

Notable Dates

  • Major remodel year: 1989

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman,1 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Stove(s)/Range(s),Dishwasher(s),Microwave(s),Water Heater: Electric,Water Heater Location: Utility room

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Dining Room
  • Window features: Dbl Pane/Storm Window
  • Flooring: Ceramic Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Ductless,Wall Furnace,Electric
  • Cooling features: Ductless

Interior Area

  • Total structure area: 1,200
  • Total interior livable area: 1,200 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 0417014064
  • Zoning: R10
  • Zoning description: Jurisdiction: County
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Dbl Pane/Storm Window,Dining Room,Fireplace,Water Heater
  • Topography of land: Level
  • Residential vegetation: Brush,Pasture,Wooded

Lot

  • Lot size: 5.29 Acres
  • Features: Open Lot,Paved,Fenced-Partially,Outbuildings,RV Parking

Parking

  • Total spaces: 4
  • Parking features: Detached Carport,Driveway,Detached Garage,RV Parking
  • Has garage: Yes
  • Covered spaces: 4
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Avalanche
    AvalancheVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Volcanic Activity
    Volcanic ActivityModerate

How This Home’s Risks Compare

Avalanche
Cold Wave
Earthquake
Heat Wave
Volcanic Activity

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,629$31,548
Home Insurance *$133$1,596
Property Taxes $744$8,928
Electricity $149$1,793
Total$3,655$43,860
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$125,314/yr
40% on housing$109,650/yr
45% on housing$97,466/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$433This listing

vs Other Active Listings

Avg $/sqft

ZIP 98338$229
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98338$288
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-14Price change$510,000
2026-07-17Price change$520,000
2026-07-13Pending sale$525,000
2026-07-03Price change$525,000
2026-06-26Price change$530,000
2026-06-19Listed for sale$540,000

For Sale by Agent

AgentTerrence Williams
BrokerageUnique Lifestyle Realty

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