Listed by COMPASS, Bought with Washington Realty Group
NOT LISTED FOR SALE

5114 W Tapps Dr E Lake Tapps, WA 98391

Estimated Value: $538,000 - $590,000

3 Beds
1.5 Baths
1,502 Sq Ft
$380/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $519,000 $346 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,452/month

3 Days on Market

Highlights

  • Waterfront Community
  • Community Boat Launch
  • Fruit Trees
  • Emerald Hills Elementary School Rated A-
  • Gated Community
  • Deck

About This Home

As of December 2022

Welcome to a true PNW wonderland. Freshly painted inside & out. Impeccably maintained, bursting with natural light, and waiting to welcome you home. This open concept retreat features a well appointed kitchen at the heart of the home. A large deck and fully fenced in yard that are certain to make this home an entertainer's paradise. Not to mention the amenities. Enjoy private swim beaches, a boat launch, tennis court, gated waterfront dog parks, volleyball & more. All spread out over three parks, within a two minute drive, for a very modest HOA fee. Have absolutely the best of everything the northwest offers, less than a mile from home. Charming bedrooms, inviting living space, thoughtful layout. Come see what lake life has to offer.

Last Agent to Sell the Property

Vikki Iverson

COMPASS License #27355 Listed on: 10/11/2022

COMPASS

Last Buyer's Agent

Nathan Coons

Washington Realty Group License #22020703

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2006525

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,592

Year Built

  • Built in 1980

Lot Details

  • 9,900 Sq Ft Lot
  • Lot Dimensions are 116'x90'
  • Property is Fully Fenced
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Drought Tolerant Landscaping
  • Property is in good condition

HOA Fees

  • $32 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • 3-Story Property
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,502 Sq Ft Home
  • Wood Burning Fireplace
  • Territorial Views
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Central Air
  • Septic Tank
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5065800670

Community Details

Overview

  • West Tapps Maintenance Company Association
  • Secondary HOA Phone (253) 891-2729
  • Lakeridge Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts
  • Community Playground
  • Park
  • Trails

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,592

Year Built

Built in 1980

Lot Details

0

HOA Fees

$32 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 13 - Tri-Level
  • Year Built: 1980
  • Inclusions: Dishwasher,Dryer,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Unit Levels: Three Or More
  • New Construction: No
  • CalculatedSquareFootage: 1502
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: Daylight
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Laminate, Vinyl
  • Interior Amenities: Central A/C, Forced Air, Hardwood, Laminate Hardwood, Laminate Tile, Double Pane/Storm Window
  • Living Area: 1502
  • Bathrooms: 1.5
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1502
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 1
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Dryer,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Drought Res Landscape, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Utilities: Cable Connected, Natural Gas Available, Septic System, Electricity Available, Common Area Maintenance, See Remarks
  • HeatingCoolingType: Central A/C,Forced Air
  • PowerCompany: PSE
  • SewerCompany: N/A
  • WaterCompany: City of Bonney Lake
  • WaterHeaterLocation: Garage
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Community Features: Boat Launch, CCRs, Community Waterfront/Pvt Beach, Gated, Park, Playground, Tennis Courts, Trail(s)
  • Senior Community: No
  • Association Fee: 386
  • Association Fee Frequency: Annually
  • Phone: 253-891-2729
  • Association: Yes
  • AssociationContactName: West Tapps Maintenance Company

Schools

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

Lot Info

  • Parcel Number: 5065800670
  • Topography: Level,SteepSlope
  • Land Lease: No
  • Lot Size Acres: 0.2273
  • Lot Size: 116'X90'
  • Lot Size Sq Ft: 9900
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,Outbuildings,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4592

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2022
Closed on
Dec 5, 2022
Sold by
Deraspe Susan A
Bought by
Marriott-Green Sam
Seller's Agent
Vikki Iverson
COMPASS
Buyer's Agent
Nathan Coons
Washington Realty Group
List Price
$500,000
Sold Price
$519,000
Premium/Discount to List
$19,000
3.8%
Views
13
Current Estimated Value
$570,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,877
Avg. Annual Appreciation
3.51%
Original Mortgage
$415,200
Outstanding Balance
$403,841
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$167,790
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
Marriott-Green Sam -- Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marriott-Green Sam $415,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $519,000 +3.8% $346 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
10/11/2022 10/11/22 For Sale $500,000 -- $333 / 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 $4,861 $501,500 $235,500 $266,000
2024 $4,861 $485,300 $206,000 $279,300
2023 $4,861 $451,400 $206,000 $245,400
2022 $4,952 $483,900 $215,100 $268,800
2021 $4,761 $344,700 $140,900 $203,800
2019 $3,813 $308,800 $128,700 $180,100
2018 $3,870 $288,900 $117,900 $171,000
2017 $3,366 $258,400 $98,500 $159,900
2016 $2,892 $206,200 $76,600 $129,600
2014 $2,534 $189,000 $62,600 $126,400
2013 $2,534 $168,900 $56,600 $112,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2006525

Northwest Multiple Listing Service (NWMLS)

APN: 506580-0670