20221 Church Lake Rd E Bonney Lake, WA 98391
Bonney Lake NeighborhoodEstimated payment $8,963/month
Highlights
- Community Boat Launch
- 4.06 Acre Lot
- No HOA
- Bonney Lake Elementary School Rated A-
- Territorial View
- Community Playground
About This Lot
So much more than a homesite—Builders and investors don’t miss this 4+ acre opportunity near Lake Tapps with R-1 zoning and potential for 16–20 lots (buyer to verify). Flat, usable land with excellent access offers the ideal canvas for a residential development. A rare opportunity for anyone with vision. The existing 4-bed, 1.75-bath home features original hardwoods and can provide rental income or serve as a temporary residence while plans take shape. A second structure—once rumored to be a butcher shop—a workshop, staging area, or site office. Bring your creativity and explore the possibilities this versatile property holds.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2395047
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,480
Lot Details
- 4.06 Acre Lot
- Level Lot
Property Views
- Territorial Views
Utilities
- Well
- Septic Design Installed
- Sewer in Street
Listing and Financial Details
- Assessor Parcel Number 0520273036
Community Details
Overview
- No Home Owners Association
- Bonney Lake Subdivision
- The community has rules related to covenants, conditions, and restrictions
Recreation
- Community Boat Launch
- Community Playground
- Park
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,234 | $724,700 | $397,500 | $327,200 |
| 2024 | $7,234 | $747,900 | $390,800 | $357,100 |
| 2023 | $7,234 | $709,400 | $390,800 | $318,600 |
| 2022 | $7,026 | $725,500 | $408,000 | $317,500 |
| 2021 | $6,691 | $512,600 | $267,200 | $245,400 |
| 2019 | $6,168 | $480,600 | $244,200 | $236,400 |
| 2018 | $6,034 | $499,200 | $271,100 | $228,100 |
| 2017 | $4,983 | $429,500 | $226,700 | $202,800 |
| 2016 | $4,158 | $325,000 | $176,100 | $148,900 |
| 2014 | $4,059 | $292,700 | $144,000 | $148,700 |
| 2013 | $4,059 | $262,000 | $130,200 | $131,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | For Sale | $1,495,000 | 0.0% | $625 / Sq Ft |
| 06/30/2025 06/30/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | For Sale | $1,495,000 | +208.2% | $625 / Sq Ft |
| 12/21/2018 12/21/18 | Sold | $485,000 | -3.0% | $203 / Sq Ft |
| 11/21/2018 11/21/18 | Pending | -- | -- | -- |
| 10/30/2018 10/30/18 | Price Changed | $499,999 | -2.0% | $209 / Sq Ft |
| 10/01/2018 10/01/18 | Price Changed | $510,000 | -2.9% | $213 / Sq Ft |
| 07/11/2018 07/11/18 | For Sale | $525,000 | -- | $219 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $485,000 | Wfg National Title Company | |
| Interfamily Deed Transfer | -- | Fatco |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $388,000 | New Conventional | |
| Previous Owner | $146,000 | New Conventional | |
| Previous Owner | $110,000 | New Conventional |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2395047
APN: 052027-3036
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Based on information submitted to the MLS GRID
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