NOT LISTED FOR SALE

4701 Lakeridge Dr E Lake Tapps, WA 98391

Estimated Value: $1,392,000 - $1,435,000

3 Beds
3 Baths
3,000 Sq Ft
$470/Sq Ft Est. Value

Last Sold August 15, 2024

Last sale price $1,375,000 $458 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,514/month

59 Days on Market

Highlights

  • 70 Feet of Waterfront
  • Docks
  • Lake View
  • Crestwood Elementary School Rated A-
  • Community Boat Launch
  • Deck

About This Home

As of August 2024

Experience serene waterfront living with this stunning 3,000 sq. ft. daylight basement rambler on Lake Tapps. Boasting 70 feet of pristine frontage with oversized docks & patio at the waters edge. This home features three spacious bedrooms & 3 baths, designed for comfort & elegance. The daylight basement offers a versatile rec room & a cozy media room, perfect for entertainment & relaxation. An oversized kitchen with state-of-the-art appliances opens to a breathtaking living area, where panoramic views create a tranquil backdrop. Conveniently located, this property provides easy access to freeways & top-rated schools, making it an ideal haven for both convenience & luxury. Enjoy the ultimate lakeside lifestyle in this exquisite home!

Last Agent to Sell the Property

Kim Fraser

eXp Realty License #48561 Listed on: 05/10/2024

eXp Realty

Last Buyer's Agent

Kim Fraser

eXp Realty License #48561 Listed on: 05/10/2024

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2233737

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,980

Year Built

  • Built in 1969

Lot Details

  • 0.31 Acre Lot
  • 70 Feet of Waterfront
  • Lake Front
  • West Facing Home
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Property is in very good condition

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Dining Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Docks
  • Deck
  • Patio

Schools

  • Crestwood Elementary School
  • Lakeridge Middle School
  • Sumner Snr High School

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5065200340

Community Details

Overview

  • West Tapps Maintenance Association
  • Lakeridge Subdivision

Recreation

  • Community Boat Launch
  • Sport Court
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,980

Year Built

Built in 1969

Lot Details

0

HOA Fees

$35 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 3000
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 2
  • Basement: Daylight, Finished
  • Appliances: Dishwasher(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet, Dining Room, Fireplace
  • Living Area: 3000
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Bathrooms: 2.5
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 3000
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s)
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Bank-Medium, Lake
  • Waterfront: Yes
  • Direction Faces: West
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: false
  • WaterfrontFootage: 70
  • WaterAccess: Community Waterfront/Pvt Beach

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: SecurityGate, FullyFenced
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: PSE
  • WaterCompany: City of Bonney Lake
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Community Features: Athletic Court, Boat Launch, Park, Playground
  • Senior Community: No
  • Association Fee: 35
  • Association Fee Frequency: Monthly
  • Association: Yes
  • AssociationContactName: West Tapps Maintenance Association

Schools

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

Lot Info

  • Parcel Number: 5065200340
  • Topography: Level,PartialSlope,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.3058
  • Lot Size Sq Ft: 13320
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Partially,Gas Available,Gated Entry,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Natural Gas

Tax Info

  • Year: 2024
  • Tax Annual Amount: 11980

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Crestwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Aug 13, 2024
Sold by
Sorensen James M and Sorensen Tammy J
Bought by
Helmers Brennan and Corbaley Summer
Seller's Agent
Kim Fraser
eXp Realty
Buyer's Agent
Kim Fraser
eXp Realty
List Price
$1,500,000
Sold Price
$1,375,000
Premium/Discount to List
-$125,000
-8.33%
Views
54
Current Estimated Value
$1,411,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,000
Avg. Annual Appreciation
2.08%
Original Mortgage
$977,500
Outstanding Balance
$968,337
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$438,715

Purchase Details

Closed on
May 31, 2005
Sold by
Mccutcheon Mary G
Bought by
Sorensen James M and Sorensen Tammy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 19, 1996
Sold by
Seal Randy R and Seal Lisa Marie
Bought by
Mccutcheon Mary G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,126
Interest Rate
9.25%
Mortgage Type
Assumption

Purchase Details

Closed on
Feb 22, 1994
Sold by
Mccutcheon Mary
Bought by
Mccutcheon Mary G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.25%
Source: Public Records

Range of Values:

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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
Helmers Brennan $1,375,000 None Listed On Document
Sorensen James M $306,500 --
Mccutcheon Mary G -- Transamerica Title Services
Mccutcheon Mary G -- Western Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helmers Brennan $977,500
Previous Owner Sorensen James M $245,000
Previous Owner Mccutcheon Mary G $170,126
Previous Owner Mccutcheon Mary G $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $1,375,000 -1.8% $458 / Sq Ft
07/08/2024 07/08/24 Pending -- -- --
06/14/2024 06/14/24 Price Changed $1,399,950 -6.7% $467 / Sq Ft
05/10/2024 05/10/24 For Sale $1,500,000 -- $500 / 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 $11,979 $1,296,700 $807,700 $489,000
2024 $11,979 $1,209,100 $722,000 $487,100
2023 $11,979 $1,135,500 $711,600 $423,900
2022 $12,458 $1,191,100 $763,200 $427,900
2021 $11,387 $840,600 $556,900 $283,700
2019 $8,877 $751,000 $475,100 $275,900
2018 $9,433 $686,900 $429,500 $257,400
2017 $8,245 $643,400 $400,000 $243,400
2016 $7,284 $479,800 $279,200 $200,600
2014 $6,975 $488,000 $295,300 $192,700
2013 $6,975 $420,500 $241,600 $178,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2233737

Northwest Multiple Listing Service (NWMLS)

APN: 506520-0340