NOT LISTED FOR SALE

4432 185th Ave E Lake Tapps, WA 98391

Estimated Value: $1,891,000 - $2,058,419

4 Beds
1 Bath
4,980 Sq Ft
$399/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $1,370,000 $275 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $12,617/month

49 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Waterfront Community
  • Community Boat Launch
  • Lake Tapps Elementary School Rated A-
  • Docks
  • Spa

About This Home

As of October 2019

Spectacular sunsets from this western exposure, low bank waterfront home, located on Bankers Island, Lake Tapps! Wake up to amazing views from the main floor master bedroom. Entertain guests in the large daylight basement w/ pool table, bar and media area or the outside living area w/ fireplace and hot tub. The immaculate home features heated kitchen floors, 4 car garage, security system, AC, outside storage room, boat lift, 2 docks and diving board on 85 feet of waterfront.

Last Agent to Sell the Property

Kris Andrews

John L. Scott R.E. Lake Tapps License #125828 Listed on: 08/02/2019

John L. Scott R.E. Lake Tapps

Last Buyer's Agent

Lauri McLeod

John L. Scott R.E. Lake Tapps License #26040

John L. Scott R.E. Lake Tapps

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1499228

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,943

Year Built

  • Built in 1999

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Partially Fenced Property
  • Sloped Lot
  • Sprinkler System
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Bulkhead
  • Docks
  • Deck
  • Patio

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5038000290

Community Details

Overview

  • Lake Tapps Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch
  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,943

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1999
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, French Doors, Hot Tub/Spa, Jetted Tub, Security System, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Refrigerator, Washer
  • Approved Number of Bedrooms: 4
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 3.25
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4980
  • Square Footage Finished: 4980

Exterior Features

  • Exterior: Cement/Concrete
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Territorial
  • Waterfront: Bank-Low, Bulkhead
  • Waterfront Frontage: 85

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 4

Utilities

  • Heating And Cooling: Central A/C, Forced Air, 90%+ High Efficiency
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 4
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: City of Bonney Lake
  • Water Heater: GAS
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 30
  • Community Name: Lake Tapps
  • Community Features: Boat Launch, CCRs, Community Waterfront/Pvt Beach

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: SUM

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Dimensions: 215x85
  • Lot Sq Ft: 17465
  • Lot Topography Vegetation: Garden Space, Partial Slope
  • Parcel Number: 5038000290
  • Lot Topography: Garden Space, Partial Slope

Tax Info

  • Tax Amount: 13302

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2023
Sold by
Hamlett Christian T and Hamlett Hilary M
Bought by
Hamlett Family Living Trust and Hamlett
Total Days on Market
49
Current Estimated Value
$1,987,105

Purchase Details

Listed on
Aug 2, 2019
Closed on
Oct 17, 2019
Sold by
Franich Michael F and Franich Dori R
Bought by
Hamlett Christian T and Hamlett Hilary M
Seller's Agent
Kris Andrews
John L. Scott R.E. Lake Tapps
Buyer's Agent
Lauri McLeod
John L. Scott R.E. Lake Tapps
List Price
$1,495,000
Sold Price
$1,370,000
Premium/Discount to List
-$125,000
-8.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$1,096,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 1998
Sold by
Hawthorne Thomas D
Bought by
Franich Michael F and Franich Dori R
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
Hamlett Family Living Trust -- None Listed On Document
Hamlett Christian T $1,370,000 Old Republic Title Ltd
Franich Michael F $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamlett Hilary M $3,192,500
Previous Owner Hamlett Christian T $1,096,000
Previous Owner Franich Michael F $250,000
Previous Owner Franich Michael F $329,150
Previous Owner Franich Michael F $326,800
Previous Owner Franich Michael $210,000
Previous Owner Franich Michael F $336,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $1,370,000 -3.5% $275 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/06/2019 09/06/19 Price Changed $1,420,000 -5.0% $285 / Sq Ft
08/02/2019 08/02/19 For Sale $1,495,000 -- $300 / 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 $17,943 $1,858,300 $768,000 $1,090,300
2023 $17,943 $1,708,600 $757,000 $951,600
2022 $18,054 $1,771,400 $811,900 $959,500
2021 $16,417 $1,217,000 $592,500 $624,500
2019 $13,302 $1,119,800 $530,900 $588,900
2018 $14,249 $1,034,700 $479,900 $554,800
2017 $12,371 $976,700 $447,000 $529,700
2016 $11,120 $748,700 $312,000 $436,700
2014 $10,530 $749,100 $330,000 $419,100
2013 $10,530 $658,600 $270,000 $388,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1499228

Northwest Multiple Listing Service (NWMLS)

APN: 503800-0290