Listed by COMPASS, Bought with John L. Scott R.E.Tacoma North
NOT LISTED FOR SALE

5024 168th Ave E Lake Tapps, WA 98391

Estimated Value: $1,392,000 - $1,622,595

3 Beds
3.5 Baths
5,422 Sq Ft
$279/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $1,560,000 $288 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $9,007/month

3 Days on Market

Highlights

  • Spa
  • City View
  • Deck
  • Crestwood Elementary School Rated A-
  • 1.11 Acre Lot
  • Contemporary Architecture

About This Home

As of June 2023

If you've ever manifested your dream home, you better get here fast because THIS is it! Over 5400 sqft of chic luxury living with entertaining and relaxing all at the core of this home. Leisurely swim in your pool, pour a glass of whiskey in your bar and enjoy one of the finest new movie releases in your very own theater. If your friends weren't already impressed, treat them to dramatic sunsets and views for literally miles. This phenomenal layout features main floor primary suite with private deck access, massive living spaces with vaulted ceilings and a kitchen you would never grow tired of cooking in. Entertain everywhere--the rec room with bar, the large dining room, massive decks and of course, indoor pool parties!

Last Agent to Sell the Property

Becky Barrick

COMPASS License #25012703 Listed on: 04/27/2023

COMPASS

Last Buyer's Agent

Joe Bauman

John L. Scott R.E.Tacoma North License #12044

John L. Scott R.E.Tacoma North

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2060209

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,273

Year Built

  • Built in 1995

Lot Details

  • 1.11 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Level Lot
  • Garden
  • Property is in very good condition

Parking

  • 3 Car Attached Garage
  • Driveway

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,422 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 3 Fireplaces
  • Gas Fireplace
  • Finished Basement

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Spa Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Tapps Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 052020-6-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,273

Year Built

Built in 1995

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1995
  • Inclusions: Dishwasher,DoubleOven,Dryer,Microwave,Refrigerator,SeeRemarks,StoveRange,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: Sp#77-300
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 5422
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: true
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 3
  • Basement: Finished
  • Private Spa: Yes
  • Appliances: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, See Remarks, Stove/Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Bath Off Primary, Ceiling Fan(s), Hot Tub/Spa, Skylight(s), Vaulted Ceiling(s), Walk-In Pantry, Wet Bar, Water Heater
  • Living Area: 5422
  • Main Level Bedrooms: 2
  • Bathrooms: 3
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 5422
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Microwave,Refrigerator,See Remarks,Stove/Range,Washer
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 4

Exterior Features

  • Roof: Tile
  • View: City, Mountain(s), Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central A/C, Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Bonney Lake
  • WaterHeaterLocation: Basement for both
  • WaterHeaterType: 2 - Main=Tankless, Pool is on tank
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 052020-6-017
  • Topography: Level,Sloped,Terraces
  • Land Lease: No
  • Lot Size Acres: 1.11
  • Lot Size Sq Ft: 48352
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Hot Tub/Spa,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist/MLS
  • LotNumber: 1

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2023
  • Tax Annual Amount: 12273

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jun 1, 2023
Sold by
Wright Steven and Wright Autumn
Bought by
Hawk Teresa L and Flewelling Michael Stratton
Seller's Agent
Becky Barrick
COMPASS
Buyer's Agent
Joe Bauman
John L. Scott R.E.Tacoma North
List Price
$1,495,000
Sold Price
$1,560,000
Premium/Discount to List
$65,000
4.35%
Views
5
Current Estimated Value
$1,510,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,101
Avg. Annual Appreciation
-1.88%
Original Mortgage
$1,248,000
Outstanding Balance
$1,217,493
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving
Estimated Equity
$275,483

Purchase Details

Listed on
Jan 13, 2017
Closed on
May 24, 2017
Sold by
Wright Autumn and Wright Steven
Bought by
Wright Steven
Seller's Agent
Susan Krueger
Coldwell Banker Danforth
Buyer's Agent
John Lynch
Keller Williams Realty
List Price
$724,900
Sold Price
$695,000
Premium/Discount to List
-$29,900
-4.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.32%
Original Mortgage
$69,400
Interest Rate
3.95%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Mar 18, 2014
Closed on
May 12, 2015
Sold by
Read Thomas and Read Shirley
Bought by
Wilson Derek and Wilson Kelli
Seller's Agent
Jane Alexander
Windermere Real Estate/PSK Inc
Buyer's Agent
Jane Alexander
Windermere Real Estate/PSK Inc
List Price
$675,000
Sold Price
$635,000
Premium/Discount to List
-$40,000
-5.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.59%
Original Mortgage
$506,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2002
Sold by
Read Thomas
Bought by
Read Thomas and Read Shirley
Source: Public Records

Range of Values:

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Average Value
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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
Hawk Teresa L $1,560,000 Ticor Title
Wright Steven -- Fidelity National Title
Wright Steven $694,719 Fidelity National Title
Wilson Derek $634,719 Old Republic Title Ltd
Read Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hawk Teresa L $1,248,000
Previous Owner Wright Steven $556,000
Previous Owner Wilson Derek $506,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2023 06/07/23 Sold $1,560,000 +4.3% $288 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $1,495,000 +115.1% $276 / Sq Ft
05/26/2017 05/26/17 Sold $695,000 -0.7% $128 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
05/01/2017 05/01/17 Price Changed $699,999 -3.4% $129 / Sq Ft
04/28/2017 04/28/17 For Sale $724,900 0.0% $134 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
02/25/2017 02/25/17 Price Changed $724,900 -3.3% $134 / Sq Ft
01/13/2017 01/13/17 For Sale $749,950 +18.1% $138 / Sq Ft
05/22/2015 05/22/15 Sold $635,000 -2.3% $127 / Sq Ft
04/09/2015 04/09/15 Pending -- -- --
01/31/2015 01/31/15 Price Changed $650,000 -3.7% $130 / Sq Ft
05/08/2014 05/08/14 For Sale $675,000 0.0% $135 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $675,000 -- $135 / 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 $11,955 $1,344,700 $308,800 $1,035,900
2024 $11,955 $1,402,600 $301,600 $1,101,000
2023 $11,955 $1,133,100 $301,600 $831,500
2022 $11,614 $1,204,200 $295,500 $908,700
2021 $11,434 $844,100 $214,000 $630,100
2019 $10,303 $775,500 $183,400 $592,100
2018 $12,023 $799,000 $197,700 $601,300
2017 $10,473 $822,600 $186,400 $636,200
2016 -- $673,900 $144,000 $529,900
2014 $8,563 $595,200 $110,100 $485,100
2013 $8,563 $540,200 $103,100 $437,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2060209

Northwest Multiple Listing Service (NWMLS)

APN: 052020-6017