NOT LISTED FOR SALE

5002 W Tapps Dr E Lake Tapps, WA 98391

Estimated Value: $736,000 - $847,000

3 Beds
2.5 Baths
1,766 Sq Ft
$440/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $735,000 $416 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,700/month

1 Day on Market

Highlights

  • Lake Front
  • Community Boat Launch
  • RV Access or Parking
  • Emerald Hills Elementary School Rated A-
  • Spa
  • Deck

About This Home

As of February 2023

Gorgeous waterfront home located on serene Hidden Lake. Access to 3 private parks, one that includes a private Lake Tapps boat launch. Remodeled home boasts new kitchen w/quartz counters, stainless appliances. LR w/new gas fireplace insert & vaulted ceiling. DR w/French doors to deck. Main floor fam rm/office. Watch nesting eagles from your hot tub or enjoy ever-changing lake views from your expansive deck. Primary bed w/new 3/4 bath & balcony w/lake views. 2 add beds & full bath on upper level. New LVP floors, fresh paint in & out, new smart thermostat, new garage doors, new windows, etc. RV & additional parking, irrigation system, wired for generator. Lake stocked w/1000 Rainbow trout/annually. No Public Access/no motorized boats.

Last Agent to Sell the Property

Brenda Poskitt

Valley Realty Group/eXp Realty License #18317 Listed on: 01/19/2023

Valley Realty Group/eXp Realty

Co-Listed By

Cory Brandt

RE/MAX Integrity License #17039

Last Buyer's Agent

Badreddine Mala

Real Broker LLC License #22007414

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2023916

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,328

Year Built

  • Built in 1978

Lot Details

  • 0.4 Acre Lot
  • Lake Front
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Garden

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 1,766 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Dining Room
  • Storm Windows

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Spa Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Patio

Schools

  • Emerald Hills Elementary School
  • Lakeridge Middle School
  • Sumner Snr High School

Utilities

  • Central Air
  • Smart Home Wiring
  • Generator Hookup
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5065800590

Community Details

Overview

  • West Tapps Maintenance Co Association
  • Secondary HOA Phone (253) 891-2729
  • Lake Tapps Subdivision

Recreation

  • Community Boat Launch
  • Sport Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,328

Year Built

Built in 1978

Lot Details

0

HOA Fees

$35 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1978
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Tapps Lakeridge
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1766
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 832

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Private Spa: Yes
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Stone, Vinyl Plank, Carpet
  • Interior Amenities: Central A/C, Forced Air, Ceramic Tile, Laminate Tile, Wall to Wall Carpet, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Hot Tub/Spa, Skylight(s), SMART Wired, Sprinkler System, Vaulted Ceiling(s), Walk-In Pantry, Wired for Generator, Water Heater
  • Living Area: 1766
  • Bathrooms: 2.25
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 1766
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Bonney Lake Water
  • WaterHeaterLocation: Garage
  • WaterHeaterType: 64 Gallon Conventional

Condo/Co-op/Association

  • Community Features: Athletic Court, Boat Launch, Community Waterfront/Pvt Beach
  • Senior Community: No
  • Association Fee: 35
  • Association Fee Frequency: Monthly
  • Phone: 253-891-2729
  • Association: Yes
  • AssociationContactName: West Tapps Maintenance Co

Schools

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

Lot Info

  • Parcel Number: 5065800590
  • Topography: Level,PartialSlope,Sloped
  • Land Lease: No
  • Lot Size Acres: 0.404
  • Lot Size Sq Ft: 17600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Hot Tub/Spa,Patio,RV Parking,Sprinkler System
  • MLSLotSizeSource: Pierce County Records
  • MLSSquareFootageSource: Pierce County Records

Green Features

  • Power Production Type: Electric, Pellet

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6328

Multi Family

  • EnergySource: Electric,Pellet

MLS Schools

  • Elementary School: Emerald Hills Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Feb 11, 2023
Sold by
Gawler Russell T
Bought by
Lam Wendy and Hensley Joshua Adam
Seller's Agent
Brenda Poskitt
Valley Realty Group/eXp Realty
Buyer's Agent
Badreddine Mala
Real Broker LLC
List Price
$725,000
Sold Price
$735,000
Premium/Discount to List
$10,000
1.38%
Total Days on Market
1
Views
5
Current Estimated Value
$777,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,665
Avg. Annual Appreciation
2.51%
Original Mortgage
$588,000
Outstanding Balance
$573,147
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$204,518

Purchase Details

Listed on
May 21, 2018
Closed on
Aug 22, 2018
Sold by
Catlett Randell Lee
Bought by
Gawler Russell T
Seller's Agent
Stacie Shelton
Best Choice Realty LLC
Buyer's Agent
Brenda Poskitt
Valley Realty Group/eXp Realty
List Price
$475,000
Sold Price
$452,000
Premium/Discount to List
-$23,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.46%
Original Mortgage
$466,916
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Sep 23, 2002
Sold by
Catlett Brenda L
Bought by
Catlett Randell Lee

Purchase Details

Closed on
Dec 10, 1998
Sold by
Catlett Randell L and Catlett Brenda L
Bought by
Catlett Randell L and Catlett Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.78%
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
Lam Wendy -- Fidelity National Title
Gawler Russell T $451,719 Chicago Title
Catlett Randell Lee -- --
Catlett Randell L -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Wendy $588,000
Previous Owner Gawler Russell T $482,199
Previous Owner Gawler Russell T $477,777
Previous Owner Gawler Russell T $472,350
Previous Owner Gawler Russell T $466,916
Previous Owner Catlett Randell L $235,626
Previous Owner Catlett Randell Lee $242,000
Previous Owner Catlett Randell L $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $735,000 +1.4% $416 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $725,000 +60.4% $411 / Sq Ft
08/31/2018 08/31/18 Sold $452,000 -1.2% $256 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
06/20/2018 06/20/18 Price Changed $457,350 -1.2% $259 / Sq Ft
06/08/2018 06/08/18 Price Changed $462,999 -2.5% $262 / Sq Ft
05/21/2018 05/21/18 For Sale $475,000 -- $269 / 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 $6,456 $645,800 $303,700 $342,100
2023 $6,456 $604,700 $303,700 $301,000
2022 $6,328 $622,500 $317,100 $305,400
2021 $6,054 $441,500 $207,700 $233,800
2019 $5,020 $397,700 $189,800 $207,900
2018 $5,059 $383,800 $185,100 $198,700
2017 $4,368 $340,700 $154,800 $185,900
2016 $3,717 $270,900 $120,300 $150,600
2014 $3,437 $245,200 $98,300 $146,900
2013 $3,437 $218,200 $88,900 $129,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2023916

Northwest Multiple Listing Service (NWMLS)

APN: 506580-0590