NOT LISTED FOR SALE

5525 218th Ave E Lake Tapps, WA 98391

Estimated Value: $1,400,000 - $2,027,178

4 Beds
3 Baths
4,531 Sq Ft
$366/Sq Ft Est. Value

Last Sold September 21, 2016

Last sale price $749,950 $166 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $9,814/month

10 Days on Market

Highlights

  • Waterfront Community
  • RV Access or Parking
  • Wooded Lot
  • Dieringer Heights Elementary School Rated A-
  • Lake View
  • Wood Flooring

About This Home

As of September 2016

New Beautiful custom home with private beach and dock rights across from Lake Tapps. This home is amazing

Last Agent to Sell the Property

Dave Walker

Terry Wise & Associates License #16299 Listed on: 06/11/2016

Last Buyer's Agent

Lanette Knobel

RE/MAX Realty South License #38309

RE/MAX Realty South

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM957832

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,756

Year Built

  • Built in 2016

Lot Details

  • Open Space
  • Gated Home
  • Partially Fenced Property
  • Brush Vegetation
  • Level Lot
  • Wooded Lot
  • Garden

Property Views

  • Lake
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Stone

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • Attached Garage
  • RV Access or Parking

Utilities

  • Septic System
  • Cable TV Available

Additional Features

  • 1 Fireplace
  • Patio
  • Pasture

Listing and Financial Details

  • Assessor Parcel Number 0520232705

Community Details

Overview

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

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,756

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • New Construction: Completed
  • Homebuilder: Ruslan
  • Building Information: Built On Lot
  • Entrance Level: Main
  • New Construction: Y
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s)
  • Floor Covering: Hardwood, Laminate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven
  • Approved Number of Bedrooms: 4
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 3.00
  • Total Full Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Den or Office: Main
  • Dining Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4531
  • Square Footage Finished: 4531

Exterior Features

  • Exterior: Cement Planked, Stone, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Forced Air, Heat Pump, 90%+ High Efficiency
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 4
  • Sewer: Septic
  • Water Company: Bonney lake
  • Water Heater: gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 42
  • Community Name: Lake Tapps
  • Project: Tapps Meadows
  • Community Features: Ccrs, Community Waterfront/Pvt Beach

Schools

  • School District: DGR

Lot Info

  • Lot Details: Open Space, Paved Street
  • Lot Sq Ft: 755330
  • Lot Topography Vegetation: Brush, Garden Space, Level, Pasture, Wooded
  • Parcel Number: 0520232705
  • Zoning Jurisdiction: County
  • Lot Topography: Brush, Garden Space, Level, Pasture, Wooded

Tax Info

  • Tax Amount: 357

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2016
Closed on
Sep 14, 2016
Sold by
Shramovych Ruslan
Bought by
Mitchell William and Mitchell Bonnie
Seller's Agent
Dave Walker
Terry Wise & Associates
Buyer's Agent
Lanette Knobel
RE/MAX Realty South
List Price
$749,950
Sold Price
$749,950
Current Estimated Value
$1,657,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$907,095
Avg. Annual Appreciation
9.19%
Original Mortgage
$549,958
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 2012
Sold by
Bankers Capital Management Llc
Bought by
Shramovych Ruslan
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
Mitchell William $749,669 Fatco
Shramovych Ruslan -- Fatco
Shramovych Ruslan $930,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell William $549,958
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2016 09/21/16 Sold $749,950 0.0% $166 / Sq Ft
07/05/2016 07/05/16 Pending -- -- --
06/24/2016 06/24/16 For Sale $749,950 -- $166 / 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 $12,756 $1,668,800 $661,500 $1,007,300
2024 $12,756 $1,586,600 $594,200 $992,400
2023 $12,756 $1,507,900 $611,800 $896,100
2022 $13,555 $1,462,100 $587,100 $875,000
2021 $13,130 $1,066,900 $424,400 $642,500
2019 $11,288 $960,100 $357,200 $602,900
2018 $11,901 $947,100 $347,700 $599,400
2017 $9,044 $821,600 $306,000 $515,600
2016 $126 $21,463 $21,463 $0
2014 $64 $271,000 $271,000 $0
2013 $64 $222,100 $222,100 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Dave Walker

    Terry Wise & Associates

    (253) 606-1566

    2 in this area

    32 Total Sales

    Dave Walker
    Section Image
  • Lanette Knobel

    Buyer's Agent in 2016

    Lanette Knobel

    RE/MAX REALTY SOUTH

    (253) 230-8738

    1 in this area

    11 Total Sales

    Lanette Knobel
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM957832

Northwest Multiple Listing Service (NWMLS)

APN: 052023-2705

Washington Pierce County Lake Tapps 98391

5525 218th Ave E, Lake Tapps, WA

This home is located at 5525 218th Ave E, Lake Tapps, WA 98391 since 11 June 2016 and is currently estimated at $1,657,045, approximately $365 per square foot. This property was built in 2016. 5525 218th Ave E is a home located in Pierce County with nearby schools including Dieringer Heights Elementary School, Lake Tapps Elementary School, and North Tapps Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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