NOT LISTED FOR SALE

5522 218th Ave E Lake Tapps, WA 98391

Estimated Value: $1,567,000 - $2,613,456

4 Beds
1 Bath
6,160 Sq Ft
$336/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $1,900,000 $308 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $12,849/month

310 Days on Market

Highlights

  • Boathouse
  • Docks
  • Spa
  • Dieringer Heights Elementary School Rated A-
  • Community Boat Launch
  • RV Access or Parking

About This Home

As of April 2019

Grand Lake Tapps Masterpiece. Located on 1,200+ ft of waterfront on 2.38+ acres & 2 tax parcels. Exceptional chefs kitchen w/professional grade appliances, extensive use of slate, hardwoods, bamboo, tile & granite throughout. Multiple decks, floor to ceiling windows, outdoor kitchen, radiant heated flrs, 2 laundry rooms, boathouse w/ heated shop, trex dock, 2 boat launches, metal roof, prof. landscaped grounds, sport court, custom irrigation system. Endless amenities. A rare & precious gem.

Last Agent to Sell the Property

Kelli Langford

Skyline Properties, Inc. License #74245 Listed on: 06/09/2018

Skyline Properties, Inc.

Last Buyer's Agent

Igor Mayster

John L. Scott R.E.Tacoma North License #125422

John L. Scott R.E.Tacoma North

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1308365

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,892

Year Built

  • Built in 1996

Lot Details

  • Street terminates at a dead end
  • Gated Home
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Garden

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Modern Architecture
  • Poured Concrete
  • Metal Roof
  • Stucco
  • Vinyl Construction Material

Kitchen

  • Double Oven
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Bamboo
  • Slate Flooring
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Spa
  • Boathouse
  • Docks
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Well
  • Septic System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 0520237005

Community Details

Overview

  • Lake Tapps Community

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,892

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 13 - Tri-Level
  • Architecture: Modern
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wet Bar, 2nd Master Br, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Loft, Security System, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Bamboo/Cork, Ceramic Tile, Slate
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Approved Number of Bedrooms: 5
  • Bedrooms: 4.00
  • Lower Level Bedroom: 2
  • Bathrooms: 5.75
  • Total Full Bathrooms: 5
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 3
  • Master Bedroom: Upper
  • Basement: Fully Finished
  • Dining Room: Main
  • Extra Finished Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 6160
  • Square Footage Finished: 6160

Exterior Features

  • Exterior: Cement/Concrete, Metal/Vinyl, Stucco
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Mountain, Territorial
  • Waterfront: Lake
  • Waterfront Frontage: 1200+

Garage/Parking

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

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Heat Pump, Radiant
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 5
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Private Well
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Lake Tapps
  • Project: Lake Tapps
  • Community Features: Boat Launch

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • School District: DGR

Lot Info

  • Lot Details: Dead End Street, Paved Street, Secluded
  • Lot Sq Ft: 103784
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 0520237005
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 20234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2023
Sold by
Khlevnoy Valentin and Khlevnoy Tatyana
Bought by
Khlevnoy And Khlevnaya Revocable Trust and Khlevnoy
Current Estimated Value
$2,071,819

Purchase Details

Listed on
Jun 9, 2018
Closed on
Apr 23, 2019
Sold by
2012 Charles M Brown and 2012 Meri G Brow
Bought by
Khlevnoy Valentin and Khlevnaya Tatyana
Seller's Agent
Kelli Langford
Skyline Properties, Inc.
Buyer's Agent
Igor Mayster
John L. Scott R.E.Tacoma North
List Price
$2,695,000
Sold Price
$1,900,000
Premium/Discount to List
-$795,000
-29.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.78%
Original Mortgage
$1,300,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2012
Closed on
Sep 17, 2012
Sold by
Fernandez Ernest J and Fernandez Johnna
Bought by
Brown Charles M and Brown Meri G
Seller's Agent
Nancy Williams
John L. Scott, Inc.
Buyer's Agent
Nancy Williams
John L. Scott, Inc.
List Price
$1,541,500
Sold Price
$1,541,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.21%
Original Mortgage
$2,000,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 13, 2006
Sold by
Emerald Real Estate Solutions Llc
Bought by
Fernandez Ernest J and Fernandez Johnna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 21, 2005
Sold by
Wehmeyer Kevin E
Bought by
Emerald Real Estate Solutions Llc

Purchase Details

Closed on
Dec 7, 2004
Sold by
5522 218Th Ave E Llc
Bought by
Wehmeyer Kevin E

Purchase Details

Closed on
Sep 10, 2003
Sold by
Wehmeyer Kevin E
Bought by
5522 218Th Ave E Llc

Purchase Details

Closed on
Aug 20, 1997
Sold by
Conner Doreen G
Bought by
Wehmeyer Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
11.5%

Purchase Details

Closed on
Feb 14, 1996
Sold by
Hershman Bryan G
Bought by
Conner Doreen
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
Khlevnoy And Khlevnaya Revocable Trust -- None Listed On Document
Khlevnoy Valentin $1,900,000 Cw Title
Brown Charles M $1,541,500 First American Title Ins Co
Fernandez Ernest J $1,675,000 Pnwt
Emerald Real Estate Solutions Llc $605,000 --
Wehmeyer Kevin E -- --
5522 218Th Ave E Llc -- --
Wehmeyer Kevin E $744,699 --
Conner Doreen -- Commonwealth Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khlevnoy Valentin $1,300,000
Previous Owner Brown Charles M $2,000,000
Previous Owner Fernandez Ernest J $417,000
Previous Owner Wehmeyer Kevin E $790,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $1,900,000 -20.7% $308 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
10/05/2018 10/05/18 Price Changed $2,395,000 -6.1% $389 / Sq Ft
08/28/2018 08/28/18 Price Changed $2,550,000 -5.4% $414 / Sq Ft
06/09/2018 06/09/18 For Sale $2,695,000 +74.8% $438 / Sq Ft
09/18/2012 09/18/12 Sold $1,541,500 0.0% $250 / Sq Ft
08/20/2012 08/20/12 Pending -- -- --
05/07/2012 05/07/12 For Sale $1,541,500 -- $250 / 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 $22,892 $2,412,200 $494,000 $1,918,200
2024 $22,892 $2,144,500 $636,700 $1,507,800
2023 $22,892 $2,232,000 $636,700 $1,595,300
2022 $20,343 $2,183,500 $636,700 $1,546,800
2021 $19,357 $1,496,100 $445,700 $1,050,400
2019 $21,114 $1,879,900 $847,200 $1,032,700
2018 $22,335 $1,661,300 $718,800 $942,500
2017 $20,234 $1,566,200 $657,200 $909,000
2016 $19,587 $1,255,200 $513,400 $741,800
2014 $14,200 $1,212,100 $487,800 $724,300
2013 $14,200 $1,147,200 $437,800 $709,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1308365

Northwest Multiple Listing Service (NWMLS)

APN: 052023-7005