NOT LISTED FOR SALE

16111 48th St NW Lakebay, WA 98349

Estimated Value: $554,000 - $721,000

5 Beds
1 Bath
1,688 Sq Ft
$376/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $587,500 $348 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,793/month

Highlights

  • Spa
  • Deck
  • Territorial View
  • RV Access or Parking
  • Secluded Lot
  • 2 Fireplaces

About This Home

As of December 2021

Enjoy peace & serenity with this spacious 5 bed, 2.75 bath split level home situated on 1.28 acres! Upper-level features open concept kitchen with breakfast bar and dining, opening to 1 of 2 living rooms. Master suite & 2 additional bedrooms and bath complete the upper level. Downstairs features 2 additional bedrooms, ¾ bath & large family room with pellet stove to keep you warm & cozy! Outside you will find a large 30x35 detached HEATED shop with high bay RV parking, 200amp pwr. & additional carport for covered parking. Backyard includes jetted spa & pavilion on concrete patio for entertaining! Fetch fresh eggs from the chickens, fruits & veggies from the garden! Property is backed up to nearly 50 acres of KP Parks & beach access!

Last Agent to Sell the Property

Jamie Nelson

Windermere Prof Partners License #139358 Listed on: 10/22/2021

Windermere Prof Partners

Last Buyer's Agent

Kyle Fox

Windermere RE/Lake Tapps, Inc License #109326

Windermere RE/Lake Tapps, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1854582

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,335

Year Built

  • Built in 1997

Lot Details

  • Street terminates at a dead end
  • Property is Fully Fenced
  • Secluded Lot
  • Level Lot
  • Garden

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Territorial Views

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • Garage
  • Detached Carport Space
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Utilities

  • Shared Well
  • Septic System
  • Cable TV Available

Community Details

  • Key Peninsula North Community

Listing and Financial Details

  • Assessor Parcel Number 002113-7-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,335

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 14 - Split Entry
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Dining Room, Hot Tub/Spa, Security System
  • Floor Covering: Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Refrigerator, K
  • Approved Number of Bedrooms: 5
  • Bedrooms: 5.00
  • Lower Level Bedroom: 2
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Lower: 1
  • Dining Room: Upper
  • Family Room: Lower
  • Living Room: Upper
  • Kitchen w/ Eating Area: Upper
  • Estimated Sq Ft: 1688
  • Square Footage Finished: 1688
  • Total Square Footage: 1688

Exterior Features

  • Exterior: Wood Products
  • Foundation: Slab
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Carport-Detached, Garage-Attached, Garage-Detached, Driveway Parking
  • Total Covered Parking: 6

Utilities

  • Power Company: Peninsula Light Co.
  • Septic Approved for Number of Bedrooms: 5
  • Sewer: Septic
  • Water Company: Peninsula Light Co.
  • Water Heater: Garage-Electric
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Name: Key Peninsula North

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: PEN
  • Junior High: Buyer To Verify

Lot Info

  • Lot Details: Dead End Street, Paved Street, Secluded
  • Lot Sq Ft: 55757
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 002113-7-025
  • Lot Topography: Garden Space, Level

Tax Info

  • Year: 2021
  • Tax Amount: 3737

MLS Schools

  • Elementary School: Buyer To Verify
  • Senior High: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Dec 7, 2021
Sold by
Joschko Alexandra
Bought by
Joschko Tobias
Seller's Agent
Jamie Nelson
Windermere Prof Partners
Buyer's Agent
Kyle Fox
Windermere RE/Lake Tapps, Inc
List Price
$617,000
Sold Price
$587,500
Premium/Discount to List
-$29,500
-4.78%
Current Estimated Value
$634,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,350
Avg. Annual Appreciation
3.44%
Original Mortgage
$528,750
Outstanding Balance
$488,304
Interest Rate
3.11%
Estimated Equity
$178,786

Purchase Details

Closed on
Apr 7, 2011
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Burton Chaz and Burton Breana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,093
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2011
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,093
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2011
Sold by
Orr Bruce A and Orr Jana D
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 25, 1999
Sold by
Roberts Russell C
Bought by
Orr Bruce A and Orr Jana D
Source: Public Records

Range of Values:

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Average Value
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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
Joschko Tobias -- First American Title
Joschko Tobias $587,500 First American Title Ins Co
Burton Chaz -- Fatco
The Secretary Of Housing & Urban Develop -- Northwest Title
Wells Fargo Bank Na $268,523 Northwest Title
Orr Bruce A $160,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joschko Tobias $528,750
Closed Joschko Tobias $528,750
Previous Owner Burton Chaz $198,000
Previous Owner Burton Chaz $171,498
Previous Owner Burton Chaz $174,093
Previous Owner Orr Bruce A $258,520
Previous Owner Orr Bruce A $208,000
Previous Owner Orr Bruce A $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $587,500 -4.8% $348 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $617,000 -- $366 / 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 $4,335 $506,200 $159,100 $347,100
2024 $4,335 $520,500 $164,300 $356,200
2023 $4,335 $475,600 $148,900 $326,700
2022 $3,853 $476,600 $148,900 $327,700
2021 $3,737 $341,900 $82,100 $259,800
2019 $3,144 $315,500 $71,200 $244,300
2018 $3,243 $290,800 $62,200 $228,600
2017 $2,768 $269,500 $51,800 $217,700
2016 $2,246 $184,700 $40,600 $144,100
2014 $1,981 $174,600 $42,700 $131,900
2013 $1,981 $160,100 $39,600 $120,500
Source: Public Records

Agents Affiliated with this Home

  • Jamie Nelson

    Seller's Agent in 2021

    Jamie Nelson

    Windermere Corporate

    (253) 442-3535

    4 in this area

    64 Total Sales

    Jamie Nelson
    Section Image
  • Kyle Fox

    Buyer's Agent in 2021

    Kyle Fox

    Windermere Corporate

    (253) 777-9890

    1 in this area

    232 Total Sales

    Kyle Fox
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1854582

Northwest Multiple Listing Service (NWMLS)

APN: 002113-7025

Washington Pierce County Lakebay 98349

16111 48th St NW, Lakebay, WA

This home is located at 16111 48th St NW, Lakebay, WA 98349 since 22 October 2021 and is currently estimated at $634,850, approximately $376 per square foot. This property was built in 1997. 16111 48th St NW is a home located in Pierce County with nearby schools including Vaughn Elementary School, Key Peninsula Middle School, and Peninsula High 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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