Listed by Redfin, Bought with RADIUS PROPERTIES
NOT LISTED FOR SALE

20513 Church Lake Dr E Unit A&B Bonney Lake, WA 98391

Bonney Lake Neighborhood

Estimated Value: $829,000 - $1,218,000

4 Beds
5 Baths
3,876 Sq Ft
$256/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $1,025,000 $264 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,100/month

12 Days on Market

Highlights

  • RV Access or Parking
  • Lake View
  • Corner Lot
  • Emerald Hills Elementary School Rated A-
  • Deck
  • Thermal Windows

About This Home

As of December 2021

Beautifully maintained duplex, both units have separate guest suites (with sep entrances) for a total of 4 rentable units.Fabulous views of Lake Tapps across the street. Each town house unit boasts 3 bedrooms and 2.5 baths plus attached 1 car garage, additional guest units on 1st floor (Behind garages) are studios with full bath, separate laundry and large storage closet. kitchenette/efficiency kitchen (Includes sink and mini-fridge and has room for hotplate and/or microwave). Perfect set up for Air B&B, guest use or separate rental (current use).

Last Agent to Sell the Property

Jason Kjellesvik

Redfin License #25217 Listed on: 11/05/2021

Redfin

Last Buyer's Agent

Joseph Witt

RADIUS PROPERTIES License #18858

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1852786

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,064

Year Built

  • Built in 2007

Lot Details

  • 10,251 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in very good condition

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 3,876 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Travertine
  • Vinyl

Parking

  • 13 Parking Spaces
  • 9 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Emerald Hills Elementary School
  • Lakeridge Middle School
  • Bonney Lake High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lake Tapps Subdivision

Listing and Financial Details

  • Assessor Parcel Number 303700-168-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,064

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2007
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3876
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 370

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Travertine, Vinyl, Carpet
  • Interior Amenities: Forced Air, Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Energy Package,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 9
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Bonney Lake
  • WaterCompany: Bonney Lake
  • WaterSewerGarbage: 930

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Bonney Lake High
  • Middle Or Junior School: Lakeridge Middle

Lot Info

  • Parcel Number: 303700-168-0
  • Lot Size Acres: 0.2353
  • Lot Size: Irregular
  • Lot Size Sq Ft: 10251
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 7038

Multi Family

  • Gross Scheduled Income: 84456
  • Net Operating Income: 72762
  • Number Of Units Total: 5
  • Electric Expense: 600
  • Insurance Expense: 856
  • Leasable Area: 3876
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 8064

MLS Schools

  • Elementary School: Emerald Hills Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 21, 2021
Sold by
Ege Management Group Llc
Bought by
Banwait Dalvir and Banwait Darshana Lata
Seller's Agent
Jason Kjellesvik
Redfin
Buyer's Agent
Joseph Witt
RADIUS PROPERTIES
List Price
$999,950
Sold Price
$1,025,000
Premium/Discount to List
$25,050
2.51%
Current Estimated Value
$993,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,384
Avg. Annual Appreciation
-0.84%
Original Mortgage
$660,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2017
Sold by
Hagwood Matthew and Hagwood Matthew W
Bought by
Ege Management Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,120
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2009
Sold by
Hagwood Bonnie Primm
Bought by
Hagwood Matthew

Purchase Details

Closed on
Jan 23, 2004
Sold by
Plumb Terrance B
Bought by
Hagwood Matthew W and Hagwood Bonnie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,944
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 28, 1961
Sold by
Lake Tapps Development Co Inc
Bought by
Plumb Ross and Plumb Frances
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
Banwait Dalvir $1,025,000 Stewart Title
Ege Management Group Llc $579,719 Attorneys Title
Hagwood Matthew -- Accommodation
Hagwood Matthew W $77,000 Fidelity National Title Co
Plumb Ross -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banwait Dalvir $1,000,000
Closed Banwait Dalvir $719,000
Closed Banwait Dalvir $660,000
Previous Owner Ege Management Group Llc $571,200
Previous Owner Ede Management Group Llc $93,000
Previous Owner Ege Management Group Llc $550,000
Previous Owner Ege Management Group Llc $500,000
Previous Owner Ege Management Group Llc $414,120
Previous Owner Hagwood Matthew W $354,700
Previous Owner Hagwood Matthew W $58,944
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $1,025,000 +2.5% $264 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $999,950 -- $258 / 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 $8,352 $916,100 $273,000 $643,100
2024 $8,352 $877,300 $224,600 $652,700
2023 $8,352 $822,000 $224,600 $597,400
2022 $8,116 $892,500 $234,500 $658,000
2021 $8,064 $619,700 $153,600 $466,100
2019 $6,656 $566,900 $135,200 $431,700
2018 $6,645 $540,400 $125,100 $415,300
2017 $5,690 $474,500 $104,600 $369,900
2016 $5,031 $394,400 $81,300 $313,100
2014 $4,078 $355,800 $66,500 $289,300
2013 $4,078 $317,000 $60,100 $256,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1852786

Northwest Multiple Listing Service (NWMLS)

APN: 303700-1680