Listed by Windermere Prof Partners, Bought with RE/MAX Extra Inc.
NOT LISTED FOR SALE

5353 W Tapps Dr E Lake Tapps, WA 98391

Estimated Value: $960,000 - $1,176,000

2 Beds
1 Bath
1,528 Sq Ft
$716/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $750,000 $491 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,641/month

3 Days on Market

Highlights

  • Boathouse
  • Low Bank Waterfront Property
  • Lake View
  • Emerald Hills Elementary School Rated A-
  • Docks
  • Deck

About This Home

As of December 2019

Enjoy an unobstructed view of the July 4th fireworks from the comforts of your own lake front sanctuary. This custom home features soaring vaulted ceilings, extensive hardwood flooring and an extraordinary corner floor to ceiling fireplace. The kitchen has custom cabinets, granite counters, a 5 burner gas range, double ovens, new stainless steel refrigerator and walk-in lighted pantry. A convenient master on the main with a 5 piece bath. Partially finished basement. Dock, boathouse and Tiki Hut.

Last Agent to Sell the Property

Jane Nichols

Windermere Prof Partners License #1676 Listed on: 05/17/2019

Windermere Prof Partners

Last Buyer's Agent

Brandon Scheer

RE/MAX Extra Inc. License #135898

RE/MAX Extra Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1459748

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,100

Year Built

  • Built in 2008

Lot Details

  • Low Bank Waterfront Property
  • Dog Run
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Lake Views
  • Partially Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Bulkhead
  • Boathouse
  • Docks
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Utilities

  • Septic System
  • Cable TV Available

Community Details

  • Lake Tapps Community

Listing and Financial Details

  • Assessor Parcel Number 505500-021-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,100

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, French Doors, Jetted Tub, Loft, Security System, Vaulted Ceilings, Walk In Pantry
  • Floor Covering: Ceramic Tile, Hardwood, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 2.25
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Daylight, Partially Finished
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1864
  • Square Footage Finished: 1528
  • Square Footage Unfinished: 336

Exterior Features

  • Exterior: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake
  • Waterfront: Bank-Low, Bulkhead, Lake
  • Waterfront Frontage: 70

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Radiant, Wall
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Bonney Lake
  • Water Heater: Basement-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Lake Tapps
  • Project: Lake Tapps Evergreen

Schools

  • School District: SUM

Lot Info

  • Lot Number: 23
  • Lot Details: Paved Street
  • Lot Sq Ft: 8513
  • Lot Topography Vegetation: Level, Terraces
  • Parcel Number: 505500-021-0
  • Zoning Jurisdiction: County
  • Lot Topography: Level, Terraces

Tax Info

  • Tax Amount: 7102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Dec 26, 2019
Sold by
Vincent Constance E and Ferguson Constance
Bought by
Lowe Darren and Lowe Melissa
Seller's Agent
Jane Nichols
Windermere Prof Partners
Buyer's Agent
Brandon Scheer
RE/MAX Extra Inc.
List Price
$700,000
Sold Price
$750,000
Premium/Discount to List
$50,000
7.14%
Current Estimated Value
$1,093,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,736
Avg. Annual Appreciation
7.25%
Original Mortgage
$600,000
Outstanding Balance
$533,382
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$587,476

Purchase Details

Closed on
Jul 31, 2014
Sold by
Ferguson James
Bought by
Ferguson Constance

Purchase Details

Closed on
Dec 27, 2007
Sold by
Ferguson Constance E and Vincent Constance E
Bought by
Ferguson James N and Ferguson Constance E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2005
Sold by
Geary James L
Bought by
Vincent Constance E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2003
Sold by
Geary Jeanine M
Bought by
Geary James L

Purchase Details

Closed on
Mar 21, 2002
Sold by
Terhune Robert C
Bought by
Geary James L and Geary Jenine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
6.85%

Purchase Details

Closed on
May 24, 2000
Sold by
Terhune Robert C
Bought by
Geary James L and Geary Jenine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.5%

Purchase Details

Closed on
Feb 5, 1999
Sold by
Terhune Dunn Investments Llc
Bought by
Terhune Robert C and Terhune Tara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.77%

Purchase Details

Closed on
Sep 4, 1997
Sold by
Campbell John B
Bought by
Terhune Robert C and Terhune Tara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
7.42%
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
Lowe Darren $750,000 Chicago Title
Ferguson Constance -- None Available
Ferguson James N -- Fidelity National Title
Vincent Constance E $409,000 Fat
Geary James L -- --
Geary James L -- First American Title Co
Geary James L $260,000 --
Terhune Robert C -- First American Title Co
Terhune Robert C $199,000 Commonwealth Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lowe Darren $600,000
Previous Owner Ferguson James N $228,000
Previous Owner Vincent Constance E $100,000
Previous Owner Geary James L $161,500
Previous Owner Geary James L $195,000
Previous Owner Terhune Robert C $147,000
Previous Owner Terhune Robert C $199,000
Closed Geary James L $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2019 12/31/19 Sold $750,000 +7.1% $491 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $700,000 -- $458 / 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 $10,100 $1,100,400 $779,400 $321,000
2024 $10,100 $1,003,900 $688,800 $315,100
2023 $10,100 $954,900 $679,000 $275,900
2022 $10,666 $1,007,500 $728,200 $279,300
2021 $9,686 $713,300 $531,400 $181,900
2019 $7,102 $597,700 $420,800 $176,900
2018 $7,563 $547,400 $380,400 $167,000
2017 $6,628 $514,000 $354,200 $159,800
2016 $5,814 $378,800 $247,200 $131,600
2014 $5,587 $387,900 $261,500 $126,400
2013 $5,587 $331,400 $214,000 $117,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1459748

Northwest Multiple Listing Service (NWMLS)

APN: 505500-0210