Listed by Best Choice Realty LLC, Bought with Valley Realty Group/eXp Realty
$452,000
SOLD AUG 31, 2018

5002 W Tapps Dr E Lake Tapps, WA 98391

3 Beds
2 Baths
1,766 Sq Ft
0.4 Acres

Recently Sold

$256 Per Sq Ft

5% Below List Price

53 Days on Market

Highlights

  • Waterfront Community
  • Community Boat Launch
  • Lake View
  • Emerald Hills Elementary School Rated A-
  • Spa
  • Deck

About This Home

As of February 2023

DON'T MISS THIS DEAL!!! $5,000 CREDIT towards buyers closing costs, and home owners dues will be paid until April 2019!! Move into this stunning 3 bed, 1.5 bath, and enjoy the serene Hidden lake waterfront property. Access to 4 private parks that include a variety of amenities. Home has beautiful granite kitchen counter tops, with NEW stainless steel stove, dishwasher, and microwave. Vaulted ceilings, and open downstairs living area. Come SEE TODAY!

Last Agent to Sell the Property

Stacie Shelton

Best Choice Realty LLC License #131892 Listed on: 05/21/2018

Best Choice Realty LLC

Co-Listed By

Susan Kardstedt

Rethinking Real Estate LLC License #52785

Last Buyer's Agent

Brenda Poskitt

Valley Realty Group/eXp Realty License #18317

Valley Realty Group/eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1293456

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,456

Year Built

  • Built in 1978

Lot Details

  • Partially Fenced Property
  • Wooded Lot
  • Property is zoned County R-10

Parking

  • Attached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

  • Septic System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 5065800590

Community Details

Overview

  • Lake Tapps Community

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,456

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Traditional
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Hot Tub/Spa, Skylights
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Bathrooms: 1.50
  • Bathrooms Main: Main
  • Total Full Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Den or Office: Main
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1766
  • Square Footage Finished: 1766

Exterior Features

  • Exterior: Cement Planked
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Territorial
  • Waterfront: Lake

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Central A/C
  • Power Company: Puget Sound Enegery
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Bonney Lake Water
  • Water Heater: Garage-64 Gallon Conventional
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 30
  • Community Name: Lake Tapps
  • Project: Lake Tapps Lakeridge
  • Community Features: Boat Launch, Community Waterfront/Pvt Beach, Tennis Courts

Schools

  • Elementary School: Emerald Hills Elem
  • Middle School: Lakeridge Middle
  • High School: Sumner Snr High
  • School District: SUM

Lot Info

  • Lot Number: 59
  • Lot Sq Ft: 17600
  • Lot Topography Vegetation: Wooded
  • Parcel Number: 5065800590
  • Zoning Code: County R-10
  • Zoning Jurisdiction: County
  • Lot Topography: Wooded

Tax Info

  • Tax Amount: 5059

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
53
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 Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Warranty Deed $451,719 Chicago Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $588,000 New Conventional
Previous Owner $482,199 VA
Previous Owner $477,777 VA
Previous Owner $472,350 VA
Previous Owner $466,916 VA
Previous Owner $235,626 New Conventional
Previous Owner $242,000 Unknown
Previous Owner $180,000 No Value Available
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: NWM1293456

Northwest Multiple Listing Service (NWMLS)

APN: 506580-0590