NOT LISTED FOR SALE

5423 W Tapps Dr E Lake Tapps, WA 98391

Estimated Value: $1,481,477 - $1,683,000

3 Beds
3 Baths
3,850 Sq Ft
$411/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $930,000 $242 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $9,425/month

31 Days on Market

Highlights

  • Docks
  • RV Access or Parking
  • Deck
  • Emerald Hills Elementary School Rated A-
  • Lake View
  • Wood Flooring

About This Home

As of April 2019

Charming Custom Cedar Home with 71 feet of No Bank Waterfront. The home features an open concept with cathedral tongue & groove ceilings. Enjoy breathtaking views of Lake Tapps from the oversized windows throughout the home. Features include a large 2nd kitchen off of the spacious Rec room. w/gas fireplace. Private upstairs Master suite with oversized bath & loft area off of master. The home features a large covered deck, 2 docks protected swim area. Private boat launch. RV Parking.

Last Agent to Sell the Property

Kim Fraser

eXp Realty License #48561 Listed on: 03/01/2019

eXp Realty

Last Buyer's Agent

Kim Fraser

eXp Realty License #48561 Listed on: 03/01/2019

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1417133

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,488

Year Built

  • Built in 1998

Lot Details

  • Partially Fenced Property
  • Level Lot

Property Views

  • Lake
  • Mountain

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lake Tapps Community

Listing and Financial Details

  • Assessor Parcel Number 5055000040

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,488

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 17 - 1 1/2 Stry W/Bsmt
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wet Bar, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Loft, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven
  • Bedrooms: 3.00
  • Lower Level Bedroom: 2
  • Bathrooms: 3.00
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Kitchen: Lower
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3850
  • Square Footage Finished: 3850

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 71

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Name: Lake Tapps

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: 12600
  • Lot Topography Vegetation: Level
  • Parcel Number: 5055000040
  • Lot Topography: Level

Tax Info

  • Tax Amount: 9748

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Apr 9, 2019
Sold by
Roberts Shari R and Roberts Philip J
Bought by
Lewis Stephen G and Lewis Jennifer
Seller's Agent
Kim Fraser
eXp Realty
Buyer's Agent
Kim Fraser
eXp Realty
List Price
$975,000
Sold Price
$930,000
Premium/Discount to List
-$45,000
-4.62%
Current Estimated Value
$1,582,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,869
Avg. Annual Appreciation
8.54%
Original Mortgage
$744,000
Outstanding Balance
$654,108
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$928,761

Purchase Details

Closed on
Oct 11, 2002
Sold by
Simmons Thomas E
Bought by
Roberts Philip J and Roberts Shari R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.05%

Purchase Details

Closed on
Jan 23, 1997
Sold by
Mayor Alfred L and Mayor Joan
Bought by
Simmons Thomas E and Simmons Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7.66%

Purchase Details

Closed on
Sep 27, 1996
Sold by
Inzana Joseph R
Bought by
Taylor Melissa and Taylor Jennefer

Purchase Details

Closed on
Jan 13, 1996
Sold by
Lake Tapps Development Co Inc
Bought by
Mayor L E and Mayor Marion E
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
Lewis Stephen G $930,000 First American Title Ins Co
Roberts Philip J $485,000 --
Simmons Thomas E $170,000 Rainier Title Company
Mayor Alfred L -- --
Taylor Melissa -- Puget Sound Title Company
Mayor L E $849 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Stephen G $744,000
Previous Owner Roberts Philip J $388,000
Previous Owner Simmons Thomas E $119,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2019 04/30/19 Sold $930,000 -4.6% $242 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $975,000 -- $253 / 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 $13,488 $1,483,600 $829,500 $654,100
2024 $13,488 $1,396,200 $741,100 $655,100
2023 $13,488 $1,280,500 $709,200 $571,300
2022 $13,857 $1,337,500 $760,600 $576,900
2021 $12,558 $928,200 $555,100 $373,100
2019 $9,748 $820,800 $469,300 $351,500
2018 $10,368 $755,400 $424,200 $331,200
2017 $9,081 $708,100 $395,100 $313,000
2016 $8,038 $536,600 $275,800 $260,800
2014 $7,670 $539,300 $291,700 $247,600
2013 $7,670 $470,700 $238,600 $232,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1417133

Northwest Multiple Listing Service (NWMLS)

APN: 505500-0040