Action News is told the ring was recovered in a Mentos container in the bottom of a swamp near Kendrick's home in Mount Vernon.
On Wednesday, Snohomish County deputies recovered the ring in a swamp near Bothell, Wash. Police were led there by a man "known to law enforcement." He was not arrested.
Mount Vernon detectives then took possession of the ring.
5 people have been arrested in connection with the burglary that took place on April 4th.
Police had previously recovered Kendrick's 2009 National League Championship ring, along with several signed jerseys from professional players, and hats he wore throughout his career that were stolen.
The arrests began on April 12th when police stopped a 33-year-old man and located the 2009 National League Championship ring in his vehicle. He was arrested for possessing stolen property.
The next day, Washington police obtained a search warrant for a home where they recovered clothing, household appliances and several baseballs including Kendrick's first homerun ball.
They also recovered property from a burglary that occurred approximately a mile from Kendrick's Washington residence. A stolen car was also recovered.
A 37-year-old woman was taken into custody for possession of stolen property and a warrant was issued for a 36-year-old man who also resided at the residence.
On April 18th, police located the man and arrested him for possession of stolen property.
The following day, police executed another search warrant of an apartment where they took a 25-year-old female and 33-year-old male into custody for investigation of possession of stolen property, burglary and trafficking stolen property.
In the apartment, police recovered additional items from Kendrick's home including several hats he wore as a player. Additional property from the other burglary was recovered and investigators found items that appear to be linked to burglary victims in other parts of Washington.
Kendrick is a native of Mount Vernon. He has pitched with the Phillies since 2007.
Information from the Associated Press contributed to this report.