NOT LISTED FOR SALE

16317 25th St E Lake Tapps, WA 98391

Estimated Value: $856,000 - $1,227,000

5 Beds
5 Baths
4,016 Sq Ft
$278/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $1,150,250 $286 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,797/month

Highlights

  • Under Construction
  • Contemporary Architecture
  • 2 Fireplaces
  • Lake Tapps Elementary School Rated A-
  • Wood Flooring
  • Walk-In Pantry

About This Home

As of June 2023

The Lotus by MainVue Homes at Lakeland Ridge community is a modern home with a spacious interior. Begin at the Foyer, where an arterial hallway introduces the Home Office and Multi-Purpose Room before leading to the core of the home: The Great Room, Dining room and Gourmet Kitchen featuring 3cm Quartz Counters, Frameless Cabinetry and Stainless-Steel appliances. Upstairs, the Leisure Room connects three secondary bedrooms and the luxurious Grand Suite featuring dual walk-in Dressing Rooms, frameless walk-in shower, designer free-standing tub and vanities capped in 3cm Quartz. Customer registration policy: Buyer’s Broker to visit or be registered on Buyer’s 1st visit for full Commission or commission is reduced.

Last Agent to Sell the Property

Tammy Nelson

Teambuilder KW License #8448 Listed on: 01/12/2023

Last Buyer's Agent

ShopProp Realty

ShopProp Inc. License #18615

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2027425

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,506

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 5,000 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 4,016 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Dining Room
  • Storm Windows

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 5 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Heat Pump System
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • Built by MainVue Homes
  • Lakeland Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot LLR-110 Lotus
  • Assessor Parcel Number 5005101100

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,506

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$79 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2023
  • Inclusions: Dishwasher,GarbageDisposal,Microwave,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: Lakeland Ridge
  • Unit Levels: Two
  • New Construction: Yes
  • CalculatedSquareFootage: 4016
  • EffectiveYearBuiltSource: See Remarks
  • SeniorExemption: false
  • EstimatedCompletionDate: 2023-07-15
  • NewConstruction: Under Construction
  • Special Features: NewHome

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Dishwasher, Disposal, Microwave, Stove/Range
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: High Efficiency - 90%+, Forced Air, Heat Pump, Hardwood, Laminate, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Dining Room, High Tech Cabling, Walk-In Closet(s), Walk-In Pantry, Fireplace, Water Heater
  • Living Area: 4016
  • Main Level Bedrooms: 1
  • Bathrooms: 4.75
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 4016
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BedroomsLower: 0
  • AppliancesIncluded: Dishwasher,Garbage Disposal,Microwave,Stove/Range

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Builder Name: MainVue Homes
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Under Construction
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric-Tank

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 79
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Residential

Schools

  • Junior High Dist: Dieringer
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5005101100
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.1148
  • Lot Size Sq Ft: 5000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Recorded Plat Map
  • MLSSquareFootageSource: Builder
  • ZoningJurisdiction: City
  • LotNumber: LLR-110 Lotus

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2023

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2023
Closed on
Jun 13, 2023
Sold by
Mainvue Wa Llc
Bought by
Katukuri Sahith and Uppala Sneha Lekha
Seller's Agent
Tammy Nelson
Teambuilder KW
Buyer's Agent
ShopProp Realty
ShopProp Inc.
List Price
$1,130,950
Sold Price
$1,150,250
Premium/Discount to List
$19,300
1.71%
Total Days on Market
0
Views
2
Current Estimated Value
$1,116,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,723
Avg. Annual Appreciation
-1.52%
Original Mortgage
$974,750
Outstanding Balance
$895,514
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$221,013
Source: Public Records

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Range of Values:

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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
Katukuri Sahith $1,150,250 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katukuri Sahith $974,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $1,150,250 +1.7% $286 / Sq Ft
01/12/2023 01/12/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $1,130,950 -- $282 / 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
2024 $9,506 $1,088,700 $240,200 $848,500
2023 $9,506 $175,100 $175,100 $0
2022 $1,452 $175,100 $175,100 $0
2021 $139 $9,900 $9,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2027425

Northwest Multiple Listing Service (NWMLS)

APN: 500510-1100