NOT LISTED FOR SALE

1501 Tacoma Point Dr E Lake Tapps, WA 98391

Estimated Value: $1,206,000 - $1,417,000

4 Beds
4 Baths
3,660 Sq Ft
$368/Sq Ft Est. Value

Last Sold September 26, 2018

Last sale price $707,000 $193 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $8,243/month

37 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Waterfront Community
  • Greenhouse
  • Dieringer Heights Elementary School Rated A-
  • Community Boat Launch
  • RV Access or Parking

About This Home

As of September 2018

You will love coming home when it’s to this gorgeous lakefront property! Stunning English style gardens, view of the water from nearly every room in the house, a loft adding even more living space, granite countertops, large covered entertainment deck, two docks & so much more! Nearly a half acre, with 70ft of waterfront, this home can easily live like a duplex, with 2 full kitchens on main and lower levels. (AirBNB or MIL potential!) Come see it today!

Last Agent to Sell the Property

Sarah Asay

Asay Realty License #26714 Listed on: 07/09/2018

Co-Listed By

Trevor Asay

Asay Realty License #22026122

Last Buyer's Agent

Vuong Tran

Skyline Properties, Inc. License #90755

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1320886

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,147

Year Built

  • Built in 1980

Lot Details

  • Low Bank Waterfront Property
  • Secluded Lot
  • Sloped Lot
  • Fruit Trees
  • Garden

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1 Fireplace
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Greenhouse
  • Outbuilding

Utilities

  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5075000240

Community Details

Overview

  • Lake Tapps Community

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,147

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, 2nd Master Br, Bath Off Master, Ceiling Fan(s), Dining Room, French Doors, Jetted Tub, Loft, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Microwave, Range/Oven, Refrigerator
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 2
  • Bathrooms: 4.00
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 4
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3660
  • Square Footage Finished: 3660

Exterior Features

  • Exterior: Metal/Vinyl
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain, Territorial
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 70

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: City of Bonney Lake
  • Water Heater: Utility Room-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Lake Tapps
  • Community Features: Boat Launch, Community Waterfront/Pvt Beach, Tennis Courts

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: DGR

Lot Info

  • Lot Details: Paved Street, Secluded
  • Lot Sq Ft: 19119
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Partial Slope
  • Parcel Number: 5075000240
  • Lot Topography: Fruit Trees, Garden Space, Partial Slope

Tax Info

  • Tax Amount: 10544

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2019
Sold by
Hul Ngy
Bought by
Rithie Seng Kimsan and Rithie Seng
Current Estimated Value
$1,348,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,754
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2018
Closed on
Sep 24, 2018
Sold by
Len Kim Heng
Bought by
Hul Ngy
Seller's Agent
Sarah Asay
Asay Realty
Buyer's Agent
Vuong Tran
Skyline Properties, Inc.
List Price
$710,000
Sold Price
$707,000
Premium/Discount to List
-$3,000
-0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%
Original Mortgage
$667,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2018
Closed on
Sep 14, 2018
Sold by
Pitts Catherine J
Bought by
Seng Rithie and Seng Kimsan
Seller's Agent
Sarah Asay
Asay Realty
Buyer's Agent
Vuong Tran
Skyline Properties, Inc.
List Price
$710,000
Sold Price
$707,000
Premium/Discount to List
-$3,000
-0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Kennedy Brian P and Kennedy Erica M
Bought by
Pitts Catherine and Pitts Catherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,200
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2000
Sold by
Layne Gail S and Layne Karen C
Bought by
Pitts Karl F and Pitts Catherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,085
Interest Rate
10.62%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 12, 1999
Sold by
Frey Bruce A and Frey Kathi E
Bought by
Layne Gail S and Layne Karen C

Purchase Details

Closed on
Sep 16, 1997
Sold by
Fromong Charles Gilbert and Perantie Terry Lyn
Bought by
Frey Bruce A and Frey Kathi E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,200
Interest Rate
7.54%

Purchase Details

Closed on
Nov 21, 1994
Sold by
Perantie Harold E and Perantie Marilyn M
Bought by
Fromong Charles Gilbert and Fromong Terry Lyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,800
Interest Rate
6.87%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rithie Seng Kimsan -- Fidelity National Title
Hul Ngy -- First American Title
Seng Rithie $706,719 First American Title Company
Pitts Catherine $239,411 Pacific Northwest Title
Pitts Karl F $365,000 Commonwealth Land Title Ins
Layne Gail S $255,000 Evergreen Title Company Inc
Frey Bruce A $224,000 --
Fromong Charles Gilbert $208,500 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rithie Seng Kimsan $661,754
Previous Owner Seng Rithie $667,000
Previous Owner Pitts Catherine $629,200
Previous Owner Pitts Karl F $373,085
Previous Owner Frey Bruce A $179,200
Previous Owner Fromong Charles Gilbert $166,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2018 09/26/18 Sold $707,000 -0.4% $193 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
08/13/2018 08/13/18 Price Changed $710,000 0.0% $194 / Sq Ft
08/13/2018 08/13/18 For Sale $710,000 -2.7% $194 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
07/23/2018 07/23/18 Price Changed $730,000 +47.5% $199 / Sq Ft
07/09/2018 07/09/18 For Sale $495,000 -- $135 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,147 $1,428,800 $764,800 $664,000
2024 $13,147 $1,307,400 $796,700 $510,700
2023 $13,147 $1,312,200 $840,400 $471,800
2022 $10,615 $1,199,300 $774,900 $424,400
2021 $11,064 $839,800 $551,100 $288,700
2019 $9,430 $732,100 $501,400 $230,700
2018 $10,544 $733,200 $501,400 $231,800
2017 $9,043 $674,400 $461,900 $212,500
2016 $7,314 $510,100 $319,000 $191,100
2014 $6,538 $456,900 $288,700 $168,200
2013 $6,538 $411,300 $255,200 $156,100
Source: Public Records

Agents Affiliated with this Home

  • Sarah Asay

    Seller's Agent in 2018

    Sarah Asay

    Asay Realty

    (206) 310-0683

    138 Total Sales

    Sarah Asay
    Section Image
  • Trevor Asay

    Seller Co-Listing Agent in 2018

    Trevor Asay

    Asay Realty

    (206) 653-4555

    45 Total Sales

    Trevor Asay
    Section Image

  • V

    Buyer's Agent in 2018

    Vuong Tran

    Skyline Properties, Inc.

    (206) 618-0838

    52 Total Sales

    Vuong Tran
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1320886

Northwest Multiple Listing Service (NWMLS)

APN: 507500-0240

Washington Pierce County Lake Tapps 98391

1501 Tacoma Point Dr E, Lake Tapps, WA

This home is located at 1501 Tacoma Point Dr E, Lake Tapps, WA 98391 since 09 July 2018 and is currently estimated at $1,348,079, approximately $368 per square foot. This property was built in 1980. 1501 Tacoma Point Dr E is a home located in Pierce County with nearby schools including Dieringer Heights Elementary School, Lake Tapps Elementary School, and North Tapps Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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