NOT LISTED FOR SALE

5115 W Tapps Dr E Lake Tapps, WA 98391

Estimated Value: $947,000 - $1,238,000

1 Bed
2 Baths
1,212 Sq Ft
$855/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $675,000 $557 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $6,577/month

5 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Waterfront Community
  • Community Boat Launch
  • Emerald Hills Elementary School Rated A-
  • Docks
  • RV Access or Parking

About This Home

As of August 2019

This charming Lake Tapps waterfront home is move in ready! The home is located on a beautiful channel w/100 feet low bank of frontage with a dock. Entertaining will be easy with the open concept great room with vaulted ceilings. There is an abundance of natural light from the floor to ceiling windows which look over the lake. Both bedrooms features sliding glass doors that lead out to the oversized deck. The home offers a ton of parking on the .37 acre lot that also features an electric gate.

Last Agent to Sell the Property

Kim Fraser

eXp Realty License #48561 Listed on: 07/23/2019

eXp Realty

Last Buyer's Agent

Diane Wenger

Engel & Voelkers North Tacoma License #115777

Engel & Voelkers North Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1494776

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,126

Year Built

  • Built in 1998

Lot Details

  • Low Bank Waterfront Property
  • Gated Home
  • Partially Fenced Property
  • Level Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1 Fireplace
  • Lake Views

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Docks
  • Deck

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5065800730

Community Details

Overview

  • Lake Tapps Community

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,126

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Vaulted Ceilings
  • Floor Covering: Ceramic Tile, Hardwood, Laminate
  • Appliances That Stay: Dishwasher, Range/Oven
  • Bedrooms: 1.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1212
  • Square Footage Finished: 1212

Exterior Features

  • Exterior: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake
  • Waterfront: Bank-Low, Lake, No Bank

Garage/Parking

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

Utilities

  • Heating And Cooling: Wall
  • Power Company: PSE
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: City of Bonney Lake
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 30
  • Community Name: Lake Tapps
  • 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 Details: Paved Street
  • Lot Sq Ft: 16197
  • Lot Topography Vegetation: Level
  • Parcel Number: 5065800730
  • Lot Topography: Level

Tax Info

  • Tax Amount: 6920

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2019
Closed on
Aug 16, 2019
Sold by
Hadman Rhett J
Bought by
Bauer Gabe
Seller's Agent
Kim Fraser
eXp Realty
Buyer's Agent
Diane Wenger
Engel & Voelkers North Tacoma
List Price
$675,000
Sold Price
$675,000
Total Days on Market
5
Current Estimated Value
$1,035,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,950
Avg. Annual Appreciation
6.77%
Original Mortgage
$607,500
Outstanding Balance
$538,805
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$446,994

Purchase Details

Closed on
Apr 1, 2014
Sold by
Blaine Dennis H and Blaine Denny H
Bought by
Hadman Rhett J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2007
Sold by
Blaine Dennis
Bought by
Blaine Dennis H

Purchase Details

Closed on
Jun 3, 1998
Sold by
Laine Best Beatrice
Bought by
Laine Best Beatrice and Blaine Dennis H

Purchase Details

Closed on
May 15, 1998
Sold by
Blaine Michael E
Bought by
Best Beatrice Laine
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
Bauer Gabe $675,000 First American Title Ins Co
Hadman Rhett J $349,719 Stewart Title
Blaine Dennis H -- None Available
Laine Best Beatrice -- --
Best Beatrice Laine -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauer Gabe $376,000
Open Bauer Gabe $607,500
Previous Owner Hadman Rhett J $315,000
Previous Owner Blaine Denny H $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2019 08/28/19 Sold $675,000 0.0% $557 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
07/23/2019 07/23/19 For Sale $675,000 -- $557 / 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 $9,126 $906,200 $626,800 $279,400
2023 $9,126 $861,300 $617,900 $243,400
2022 $9,638 $908,600 $662,700 $245,900
2021 $8,776 $645,200 $483,600 $161,600
2019 $6,920 $582,400 $429,400 $153,000
2018 $7,332 $533,100 $388,200 $144,900
2017 $6,452 $498,000 $361,500 $136,500
2016 $5,623 $365,700 $252,300 $113,400
2014 $4,731 $374,900 $266,900 $108,000
2013 $4,731 $319,900 $218,300 $101,600
Source: Public Records

Agents Affiliated with this Home

  • Kim Fraser

    Seller's Agent in 2019

    Kim Fraser

    eXp Realty

    (425) 209-5638

    51 in this area

    234 Total Sales

    Kim Fraser
    Section Image

  • D

    Buyer's Agent in 2019

    Diane Wenger

    Engel & Voelkers North Tacoma

    (253) 315-0303

    23 Total Sales

    Diane Wenger
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1494776

Northwest Multiple Listing Service (NWMLS)

APN: 506580-0730

Washington Pierce County Lake Tapps 98391

5115 W Tapps Dr E, Lake Tapps, WA

This home is located at 5115 W Tapps Dr E, Lake Tapps, WA 98391 since 23 July 2019 and is currently estimated at $1,035,950, approximately $854 per square foot. This property was built in 1998. 5115 W Tapps Dr E is a home located in Pierce County with nearby schools including Emerald Hills Elementary School, Lakeridge Middle School, and Sumner High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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