NOT LISTED FOR SALE

5105 W Tapps Dr E Lake Tapps, WA 98391

Estimated Value: $916,000 - $994,000

2 Beds
1 Bath
1,620 Sq Ft
$584/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $680,000 $420 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,032/month

2 Days on Market

Highlights

  • Boathouse
  • Low Bank Waterfront Property
  • Docks
  • Emerald Hills Elementary School Rated A-
  • Waterfront Community
  • Community Boat Launch

About This Home

As of May 2020

Welcome home, just in time for summer! Nicely updated Lake Tapps waterfront home situated on 71ft of waterfront in peaceful area of Jenks Point. Features of this move-in ready 2 bed, 1&3/4 bath home include updated kitchen&bathrooms, new carpet&updated flooring, fresh paint, loft & sun room~ Huge deck, good sized dock and beautiful landscaping & extra parking too! HOA includes access to three parks Inc boat launch~ Easy access to HWY 410&HWY 167, close to downtown Sumner&the transit station.

Last Agent to Sell the Property

Jamie Penrod

Renaissance Real Estate LLC License #27706 Listed on: 05/12/2020

Co-Listed By

Matt Llewellyn

Renaissance Real Estate LLC License #25728

Last Buyer's Agent

Brandon Scheer

RE/MAX Extra Inc. License #135898

RE/MAX Extra Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1600097

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,701

Year Built

  • Built in 1973

Lot Details

  • Low Bank Waterfront Property
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden

Property Views

  • Lake
  • Canal
  • Territorial

Home Design

  • Concrete Foundation
  • Metal Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bathroom

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Boathouse
  • Docks
  • Deck

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 506520-065-0

Community Details

Overview

  • Lake Tapps Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,701

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 11 - 1 1/2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, French Doors, Loft, Vaulted Ceilings
  • Floor Covering: Bamboo/Cork, Ceramic Tile, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.75
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Main
  • Extra Finished Room: Upper
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1620
  • Square Footage Finished: 1620

Exterior Features

  • Exterior: Wood
  • Foundation: Concrete Ribbon
  • Roof: Metal
  • View: Canal, Lake, Territorial
  • Waterfront: Bank-Low
  • Waterfront Frontage: 71

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Water Company: City of Bonney Lake
  • Water Heater: garage-Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 31
  • Community Name: Lake Tapps
  • Community Features: Boat Launch, CCRs, 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 Details: Paved Street
  • Lot Sq Ft: 11322
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope, Terraces
  • Parcel Number: 506520-065-0
  • Lot Topography: Garden Space, Level, Partial Slope, Terraces

Tax Info

  • Tax Amount: 7655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
May 22, 2020
Sold by
Clayville Erin and Clayville Nathan
Bought by
Borovich Michael A
Seller's Agent
Jamie Penrod
Renaissance Real Estate LLC
Buyer's Agent
Brandon Scheer
RE/MAX Extra Inc.
List Price
$699,990
Sold Price
$680,000
Premium/Discount to List
-$19,990
-2.86%
Total Days on Market
2
Current Estimated Value
$945,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,424
Avg. Annual Appreciation
6.77%

Purchase Details

Listed on
Apr 10, 2014
Closed on
May 7, 2014
Sold by
Jpmorgan Chase Bank National Association
Bought by
Krivanek Erin
Seller's Agent
Birk Stutzke
Equity Real Estate Services
Buyer's Agent
Jamie Penrod
Renaissance Real Estate LLC
List Price
$268,043
Sold Price
$316,000
Premium/Discount to List
$47,957
17.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.55%
Original Mortgage
$300,200
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2013
Sold by
Taylor Ryan J and Taylor Loraine D
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
May 25, 2007
Sold by
Carroll Patrick
Bought by
Taylor Ryan J and Taylor Loraine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 5, 2007
Sold by
Carroll Patrick
Bought by
Carroll Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 28, 1996
Sold by
Hoirup Jacob R and Hoirup Georgia M
Bought by
Carroll Patrick and Carroll Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,200
Interest Rate
8.3%
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
Borovich Michael A $680,000 Stewart Title
Krivanek Erin $316,000 Fidelity National Title
Jpmorgan Chase Bank National Association $361,956 None Available
Taylor Ryan J $575,000 Puget Sound Title Company
Carroll Patrick -- Service Link
Carroll Patrick $214,988 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krivanek Erin $302,000
Previous Owner Krivanek Erin $300,200
Previous Owner Taylor Ryan J $57,500
Previous Owner Carroll Patrick $359,000
Previous Owner Carroll Patrick M $138,000
Previous Owner Carroll Patrick $110,000
Previous Owner Carroll Patrick $60,000
Previous Owner Carroll Patrick $215,500
Previous Owner Carroll Patrick $204,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2020 05/26/20 Sold $680,000 -2.9% $420 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $699,990 +121.5% $432 / Sq Ft
05/16/2014 05/16/14 Sold $316,000 +17.9% $227 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $268,043 -- $193 / 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 $8,701 $873,500 $574,900 $298,600
2023 $8,701 $820,400 $561,000 $259,400
2022 $9,148 $865,200 $601,700 $263,500
2021 $8,338 $612,400 $439,100 $173,300
2019 $6,452 $543,400 $387,500 $155,900
2018 $6,839 $496,300 $350,300 $146,000
2017 $6,018 $463,900 $326,200 $137,700
2016 $5,254 $342,300 $227,700 $114,600
2014 $4,984 $349,800 $240,800 $109,000
2013 $4,984 $299,500 $197,000 $102,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1600097

Northwest Multiple Listing Service (NWMLS)

APN: 506520-0650