Listed by Windermere Real Estate/East, Bought with eXp Realty
NOT LISTED FOR SALE

4905 197th Ave E Bonney Lake, WA 98391

Estimated Value: $1,593,000 - $1,896,000

3 Beds
3 Baths
3,140 Sq Ft
$556/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $1,825,000 $581 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $10,362/month

2 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Community Boat Launch
  • Wood Flooring
  • Emerald Hills Elementary School Rated A-
  • Lake View
  • No HOA

About This Home

As of April 2024

Experience Lakeside Luxury Living at its finest! This meticulously remodeled masterpiece boasts wide plank oak floors, plush wool carpeting, and bespoke cabinetry throughout. Set against 105 feet of pristine, West-facing lakefront, every detail has been thoughtfully curated for elevated living. Enjoy seamless indoor-outdoor transitions with accordion doors, dine al fresco under the stars, entertain by the gas fireplace, or on the deck spanning the whole length of the exterior. With 3 bedrooms, an office, and bonus space, there's room for all. The epicurean kitchen, adorned with Wolf & Sub-Zero appliances, is sure to impress even the most discerning buyers. Welcome to your wow-worthy oasis.

Last Agent to Sell the Property

Jenni Sullivan

Windermere Real Estate/East License #119589 Listed on: 03/20/2024

Windermere Real Estate/East

Last Buyer's Agent

Kim Fraser

eXp Realty License #48561

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2209609

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,511

Year Built

  • Built in 1989

Lot Details

  • 0.25 Acre Lot
  • Low Bank Waterfront Property
  • 105 Feet of Waterfront
  • East Facing Home
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in very good condition
  • Zoning described as BLK

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Tile Roof
  • Stone Siding
  • Cement Board or Planked

Interior Spaces

  • 3,140 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Dining Room
  • Lake Views

Kitchen

  • Walk-In Pantry
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Bulkhead

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4735000330

Community Details

Overview

  • No Home Owners Association
  • Lake Tapps Subdivision

Recreation

  • Community Boat Launch
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,511

Year Built

Built in 1989

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1989
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3140
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(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, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Security System, Sprinkler System, Walk-In Closet(s), Walk-In Pantry, Fireplace, Water Heater
  • Living Area: 3140
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 3140
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Tile
  • View: Lake
  • View: Yes
  • Waterfront Features: Bank-Low, Bulkhead
  • Waterfront: Yes
  • Direction Faces: East
  • Exterior Features: Brick, Cement Planked, Stone
  • Foundation Details: Post & Pillar
  • Property Condition: Very Good
  • Structure Type: House
  • WaterfrontFootage: 105

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecuritySystem
  • Cooling: 90%+ High Efficiency, Central A/C, Forced Air
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Forced Air
  • Heating Yn: Yes
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Tankless gas

Condo/Co-op/Association

  • Community Features: Boat Launch, Park, Trail(s)
  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: true

Schools

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

Lot Info

  • Parcel Number: 4735000330
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.2523
  • Lot Size Sq Ft: 10991
  • Zoning Description: BLK
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • IrrigationComments: City or Lake

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • ShortTermRentalYN: true

Tax Info

  • Year: 2024
  • Tax Annual Amount: 14511

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Crestwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 15, 2024
Sold by
Schmidt David A and Schmidt Dara L
Bought by
Kwan William and Hsu-Kwan Tzu Ting
Seller's Agent
Jenni Sullivan
Windermere Real Estate/East
Buyer's Agent
Kim Fraser
eXp Realty
List Price
$1,750,000
Sold Price
$1,825,000
Premium/Discount to List
$75,000
4.29%
Views
49
Current Estimated Value
$1,745,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,754
Avg. Annual Appreciation
-2.88%
Original Mortgage
$1,460,000
Outstanding Balance
$1,438,185
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$307,061

Purchase Details

Listed on
Feb 20, 2016
Closed on
Mar 25, 2016
Sold by
Ferguson Verla Justice and Ferguson Bobbie Lee
Bought by
Schmidt David A and Schmidt Dara L
Seller's Agent
Kim Fraser
eXp Realty
Buyer's Agent
Kim Fraser
eXp Realty
List Price
$799,950
Sold Price
$738,000
Premium/Discount to List
-$61,950
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.90%

Purchase Details

Closed on
Apr 30, 1997
Sold by
Naef John H and Naef Judy
Bought by
Ferguson Verla Justice
Source: Public Records

Range of Values:

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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
Kwan William $1,825,000 Ticor Title
Schmidt David A $737,719 First American Title Ins Co
Ferguson Verla Justice $482,810 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwan William $1,460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2024 04/19/24 Sold $1,825,000 +4.3% $581 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,750,000 +137.1% $557 / Sq Ft
04/01/2016 04/01/16 Sold $738,000 -7.7% $235 / Sq Ft View Prior Sale
03/07/2016 03/07/16 Pending -- -- --
02/21/2016 02/21/16 For Sale $799,950 -- $255 / 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 $14,511 $1,673,600 $827,500 $846,100
2024 $14,511 $1,542,200 $752,300 $789,900
2023 $14,511 $1,429,000 $741,600 $687,400
2022 $14,784 $1,488,300 $795,300 $693,000
2021 $13,390 $1,029,600 $580,300 $449,300
2019 $11,042 $924,700 $483,100 $441,600
2018 $11,781 $897,100 $436,700 $460,400
2017 $10,243 $841,800 $406,700 $435,100
2016 $9,113 $646,400 $283,900 $362,500
2014 $8,514 $644,600 $300,300 $344,300
2013 $8,514 $568,400 $245,700 $322,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2209609

Northwest Multiple Listing Service (NWMLS)

APN: 473500-0330