Listed by eXp Realty, Bought with John L. Scott R.E. Lake Tapps
NOT LISTED FOR SALE

5357 W Tapps Dr E Lake Tapps, WA 98391

Estimated Value: $1,567,000 - $1,852,000

3 Beds
4 Baths
4,424 Sq Ft
$397/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $1,300,000 $294 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,574/month

18 Days on Market

Highlights

  • 71 Feet of Waterfront
  • Docks
  • Lake View
  • Emerald Hills Elementary School Rated A-
  • Spa
  • Craftsman Architecture

About This Home

As of September 2020

Breathtaking custom Lake Tapps home with incredible lake views has 71 feet of no bank waterfront. This highly sought after location could live like a 5 bedroom and includes; a recently updated kitchen, new paint and quartz countertops. Newer hardwood floors, new carpet through-out, fully finished basement with wet bar and extra room. Backyard features hot tub, built in gas fire pit, hard-wired outdoor speakers, jet ski and boatlift with an over-sized dock.

Last Agent to Sell the Property

Chantell Ankerfelt

eXp Realty License #138438 Listed on: 06/23/2020

eXp Realty

Co-Listed By

Melissa Poznanski

Renaissance Real Estate LLC License #139003

Last Buyer's Agent

Karla Wagner

John L. Scott R.E. Lake Tapps License #48534

John L. Scott R.E. Lake Tapps

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1619581

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,807

Year Built

  • Built in 2004

Lot Details

  • 8,566 Sq Ft Lot
  • 71 Feet of Waterfront
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in very good condition

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 4,424 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • French Doors
  • Dining Room
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Spa Bath

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio

Schools

  • Emerald Hills Elementary School
  • Lakeridge Middle School
  • Sumner Snr High School

Utilities

  • Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lake Tapps Subdivision

Listing and Financial Details

  • Assessor Parcel Number 505500-020-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,807

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 2004
  • Inclusions: Dishwasher,Microwave,RangeOven,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Building Name: West Tapps
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 4424
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: Daylight
  • Private Spa: Yes
  • Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Laminate, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, Hot Tub/Spa, Security System, Water Heater
  • Living Area: 4424
  • Bathrooms: 3.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 4424
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Microwave,Range/Oven,Refrigerator

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • View: Yes
  • Waterfront: Yes
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: false
  • WaterfrontFootage: 71

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Security System, Partially Fenced
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Bonney Lake
  • WaterHeaterLocation: basement
  • WaterHeaterType: gas

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Sumner Snr High
  • Middle Or Junior School: Lakeridge Middle

Lot Info

  • Parcel Number: 505500-020-0
  • Topography: Level,PartialSlope
  • Lot Size Acres: 0.1966
  • Lot Size Sq Ft: 8566
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Fully,Gas Available,High Speed Internet,Hot Tub/Spa,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Appraisal

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 12807

MLS Schools

  • Elementary School: Emerald Hills Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Aug 19, 2020
Sold by
Wade Carter and Wade Kristen D
Bought by
Schmidt Tashi Rinzing and Schmidt Noah Edwin
Seller's Agent
Chantell Ankerfelt
eXp Realty
Buyer's Agent
Karla Wagner
John L. Scott R.E. Lake Tapps
List Price
$1,300,000
Sold Price
$1,300,000
Current Estimated Value
$1,754,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$454,439
Avg. Annual Appreciation
7.14%
Original Mortgage
$428,170
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 8, 2009
Sold by
Wade N Carter and Wade Kristen D
Bought by
Wade Norman C and Wade Kristen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,000
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2007
Sold by
Wade Norman C and Wade Kristen
Bought by
Wade N Carter and Wade Kristen D

Purchase Details

Closed on
Sep 16, 2002
Sold by
Moore Ellis W
Bought by
Wade Norman C and Wade Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.16%
Mortgage Type
Balloon
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
Schmidt Tashi Rinzing $1,300,000 Chicago Title
Wade Norman C -- First American Title Insuran
Wade N Carter -- None Available
Wade Norman C $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Tashi Rinzing $741,700
Previous Owner Wade Norman C $506,000
Previous Owner Wade Norman C $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $1,300,000 0.0% $294 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
06/28/2020 06/28/20 For Sale $1,300,000 0.0% $294 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $1,300,000 -- $294 / 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 $15,260 $1,689,000 $796,700 $892,300
2024 $15,260 $1,587,500 $704,800 $882,700
2023 $15,260 $1,450,800 $681,100 $769,700
2022 $15,455 $1,508,000 $730,400 $777,600
2021 $13,990 $1,035,400 $533,000 $502,400
2019 $10,918 $916,200 $422,600 $493,600
2018 $11,632 $847,300 $382,000 $465,300
2017 $10,153 $795,600 $355,800 $439,800
2016 $9,085 $614,600 $248,300 $366,300
2014 $8,791 $610,600 $262,700 $347,900
2013 $8,791 $541,000 $214,900 $326,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1619581

Northwest Multiple Listing Service (NWMLS)

APN: 505500-0200