NOT LISTED FOR SALE

5205 181st Ave E Lake Tapps, WA 98391

Estimated Value: $792,000 - $891,000

3 Beds
1 Bath
2,150 Sq Ft
$401/Sq Ft Est. Value

Last Sold May 11, 2021

Last sale price $725,000 $337 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,696/month

4 Days on Market

Highlights

  • Waterfront Community
  • Community Boat Launch
  • Lake View
  • Crestwood Elementary School Rated A-
  • RV Access or Parking
  • Secluded Lot

About This Home

As of May 2021

Home situated on privately owned lake (also stocked with fish annually) - apprx. 183 feet lake frontage with no public access! Paddle boat included. Fire pit. Access to private park, picnic areas, playground, Lake Tapps boat launch. Secluded, yet just minutes away from shopping. RV parking, outbuildings (shed/workshop, chicken coop/storage), good inside/outside paint. Gas and electric service in house. ADT alarm system. Separate breaker panel for outbuildings wired during construction. Fully insulated interior walls. Plumbed for gas fireplace in master bedroom. New water heater October 2018. Heat pump recently serviced. Patio/arbor area. Partially fenced. Front sprinkler system partially installed.

Last Agent to Sell the Property

Keith Johnson

John L. Scott, Inc License #95221 Listed on: 04/15/2021

John L. Scott, Inc

Last Buyer's Agent

Jerry Buccola

RSVP Brokers ERA License #2538

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1756739

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,449

Year Built

  • Built in 2003

Lot Details

  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Sloped Lot
  • Sprinkler System

Property Views

  • Lake
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0520216065

Community Details

Overview

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

Recreation

  • Community Boat Launch
  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,449

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Security System, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Laminate Hardwood, Vinyl
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 1.75
  • Bathrooms Main: Main
  • 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
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Family Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2150
  • Square Footage Finished: 2150

Exterior Features

  • Exterior: Wood
  • Roof: Composition
  • View: Lake, Territorial
  • Waterfront: Lake
  • Waterfront Frontage: 183

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air, Heat Pump
  • Sewer: Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 31
  • Community Name: Bonney Lake
  • Community Features: Boat Launch, CCRs, Community Waterfront/Pvt Beach, J, K

Schools

  • School District: SUM

Lot Info

  • Lot Details: Dead End Street, Secluded, N
  • Lot Sq Ft: 61318
  • Lot Topography Vegetation: Partial Slope
  • Parcel Number: 0520216065
  • Lot Topography: Partial Slope

Tax Info

  • Tax Amount: 7495

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 4, 2021
Sold by
Palmer Kerry A and Palmer Janel R
Bought by
Haugland Otto F
Seller's Agent
Keith Johnson
John L. Scott, Inc
Buyer's Agent
Jerry Buccola
RSVP Brokers ERA
List Price
$625,000
Sold Price
$725,000
Premium/Discount to List
$100,000
16%
Total Days on Market
4
Current Estimated Value
$862,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,041
Avg. Annual Appreciation
4.91%

Purchase Details

Closed on
Apr 25, 2002
Sold by
Pacific Northwest Bank
Bought by
Palmer Kerry A and Palmer Janel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 12, 1999
Sold by
Finnegan Michael O
Bought by
Interwest Bank
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
Haugland Otto F $725,000 First American Title
Palmer Kerry A $83,000 --
Interwest Bank $201,810 Chicago Title
Interwest Bank $55,957 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haugland Otto F $200,000
Closed Haugland Otte F $23,600
Previous Owner Palmer Kerry A $70,000
Previous Owner Palmer Kerry A $132,400
Previous Owner Palmer Kerry A $50,000
Previous Owner Palmer Kerry A $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2021 05/11/21 Sold $725,000 +16.0% $337 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $625,000 -- $291 / 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 $1,449 $856,200 $441,200 $415,000
2023 $1,449 $759,600 $401,100 $358,500
2022 $7,853 $775,700 $418,800 $356,900
2021 $7,495 $549,300 $274,300 $275,000
2019 $6,475 $497,200 $233,100 $264,100
2018 $6,526 $498,100 $238,900 $259,200
2017 $5,630 $442,200 $199,800 $242,400
2016 $4,792 $351,500 $155,200 $196,300
2014 $4,325 $318,300 $126,900 $191,400
2013 $4,325 $282,900 $114,700 $168,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1756739

Northwest Multiple Listing Service (NWMLS)

APN: 052021-6065