NOT LISTED FOR SALE

309 176th Ave E Lake Tapps, WA 98391

Estimated Value: $386,000 - $498,000

5 Acres
$89,247 Price per Acre
217,800 Sq Ft Lot

Last Sold October 28, 2022

Last sale price $425,000

Est. 5% increase in value since last sale

Current estimated payment $2,880/month

112 Days on Market

Highlights

  • 5 Acre Lot
  • Secluded Lot
  • Territorial View
  • Lake Tapps Elementary School Rated A-

About This Lot

As of October 2022

Come build your dream home! This beautiful 5 acre lot holds potential beyond belief and is located in the Dieringer School District near the desirable Lake Tapps community and Lakeland Hills. Property has room for 2 custom homes with significant feasibility work completed including wetland delineation, perc tests, fire code regulations, a site plan, access established and power and water on site! Incredible location with proximity to Lakeland Hills, local amenities, and quick access to freeways, while maintaining the privacy and tranquility you value in a home! Build a dream home with a detached ADU or consider developing into 2 lots to build 2 custom homes with many comparable homes in the millions. Come see it today!

Last Agent to Sell the Property

Joshua Meeks

Timber Real Estate License #26850 Listed on: 05/05/2022

Timber Real Estate

Last Buyer's Agent

Chad Landsiedel

Terry Wise & Associates License #107256

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1927941

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,706

Year Built

  • 1986

Lot Details

  • 5 Acre Lot
  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot
  • Zoning described as MSF

HOA Fees

  • $17 Monthly HOA Fees

Schools

  • Lake Tapps Elementary School
  • North Tapps Mid Middle School

Additional Features

  • Territorial Views
  • Sewer Not Available

Community Details

  • Lakeland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052005-1-019

Property Details

Property Type

Land

Est. Annual Taxes

$3,706

Year Built

1986

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Evergreens
  • Restrictions: CC&R
  • Special Features: None
  • Year Built (Public Record): 1986
  • Cumulative Days on Market: 1,068

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Territorial
  • Lot Features: Dead End Street, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: County Right of Way
  • RoadOnWhichSide: NW Corner
  • WaterJurisdiction: Bonney Lake

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Available, In Street
  • Electricity On Property: Yes
  • Utilities: Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: Not Available
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel Number: 052005-1-019
  • Topography: Level
  • Lot Size Acres: 5
  • Lot Size Sq Ft: 217800
  • Zoning Description: MSF
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3706

MLS Schools

  • Elementary School: Lake Tapps Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Oct 15, 2022
Sold by
Wood Monica A and Allen Eugene
Bought by
Davis Isaac J and Davis Antoinette L
Seller's Agent
Joshua Meeks
Timber Real Estate
Buyer's Agent
Chad Landsiedel
Terry Wise & Associates
List Price
$549,950
Sold Price
$425,000
Premium/Discount to List
-$124,950
-22.72%
Total Days on Market
112
Current Estimated Value
$446,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,235
Avg. Annual Appreciation
1.87%
Original Mortgage
$297,500
Outstanding Balance
$280,315
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$165,920

Purchase Details

Closed on
Nov 24, 2020
Sold by
Martin Keith A and Martin Liliane A
Bought by
Wood Monica A and Wood Allen Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2007
Sold by
Heisinger Erika
Bought by
Martin Keith A and Martin Lilliane A

Purchase Details

Closed on
Oct 15, 2001
Sold by
Martin Keith A
Bought by
Martin Keith A and Martin Lilliane A

Purchase Details

Closed on
Oct 3, 2001
Sold by
Heisinger Wilhelm O
Bought by
Heisinger Wilheim O and Heisinger Erika E

Purchase Details

Closed on
Dec 14, 2000
Sold by
Heisinger Wilhelm O
Bought by
Martin Keith A and Martin Lilliane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Property in the area

  • 21621 S Prairie Rd E, Bonney Lake, WA 98391

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    • Land
    • 4 Acres
    • $125,000 per Acre
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    • Bonney Lake, WA

    Imagine owning four acres of serene, wooded land in Bonney Lake, Washington. This secluded property offers the perfect canvas for your dream home or a tranquil retreat. Surrounded by lush trees, you'll enjoy privacy and natural beauty. Conveniently located near local amenities and major highways, this lot combines peaceful living with easy access to the city. Don't miss this rare opportunity to

    Chris Engrave John L. Scott R.E. Lake Tapps

    Section Image

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
Davis Isaac J -- Equity Title Of Washington, Ll
Wood Monica A $330,000 Rainier Title Llc
Martin Keith A $40,000 None Available
Martin Keith A -- --
Heisinger Wilheim O -- --
Martin Keith A $40,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Isaac J $297,500
Previous Owner Wood Monica A $247,500
Previous Owner Martin Keith A $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $425,000 -5.5% --
08/25/2022 08/25/22 Pending -- -- --
06/18/2022 06/18/22 Price Changed $449,950 -10.0% --
05/28/2022 05/28/22 Price Changed $499,950 -9.1% --
05/05/2022 05/05/22 For Sale $549,950 -- --
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 $4,443 $424,800 $424,800 --
2023 $4,443 $446,000 $446,000 $0
2022 $3,706 $446,000 $446,000 $0
2021 $4,687 $358,600 $358,600 $0
2019 $3,666 $320,200 $320,200 $0
2018 $3,801 $286,600 $286,600 $0
2017 $3,287 $237,500 $237,500 $0
2016 $2,902 $188,300 $188,300 $0
2014 $3,008 $176,900 $176,900 $0
2013 $3,008 $172,000 $172,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1927941

Northwest Multiple Listing Service (NWMLS)

APN: 052005-1019