NOT LISTED FOR SALE

5704 183rd Ave E Lake Tapps, WA 98391

-- Bed
-- Bath
-- Sq Ft
2.25 Acres

Last Sold June 11, 2018

Last sale price $2,000,000

220 Days on Market

About This Home

As of June 2018

Eagle Crest Apartments is 12 units in Bonney Lake, consisting of 4 triplexes. Constructed in 1991, the mix is 4-2 bed/1.5 bath units, 7-2 bed/2.5 bath units, and 1-3 bed/3 bath unit. Each apartment has a 1-car garage. Tenants pay separately metered electrical & $42/month for septic maint. and pvt park access fee. Owners pay water, refuse, and common area electrical. The roof and ext paint are approx 4 years old. Current rents are about $1.00/SF/month and market rents are $1.25/SF/month.

Last Agent to Sell the Property

William Stegeman

Designed Realty License #27401 Listed on: 06/28/2017

Last Buyer's Agent

Mark Bensadon

Keller Williams North Seattle License #111109

Keller Williams North Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1152350

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,931

Year Built

  • Built in 1991

Lot Details

  • 2.25

Home Design

  • Composition Roof
  • Wood Composite

Parking

  • 24 Parking Spaces
  • 12 Covered Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Additional Features

  • 2-Story Property
  • 2.25 Acre Lot

Community Details

  • Lakeridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0520217013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,931

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1991
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 443

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 12
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 24
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Septic Tank
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • WaterSewerGarbage: 9236

Schools

  • Junior High Dist: Sumner

Lot Info

  • Parcel Number: 0520217013
  • Lot Size Acres: 2.25
  • Lot Size Sq Ft: 98010
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 13239

Multi Family

  • Gross Scheduled Income: 158868
  • Net Operating Income: 95004
  • Number Of Units Total: 12
  • Insurance Expense: 3754
  • Leasable Area: 13000
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 19931

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2018 06/11/18 Sold $2,000,000 -4.8% --
02/16/2018 02/16/18 Pending -- -- --
11/28/2017 11/28/17 For Sale $2,100,000 0.0% --
10/13/2017 10/13/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $2,100,000 0.0% --
08/30/2017 08/30/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $2,100,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2018

    William Stegeman

    Designed Realty

    (253) 460-8640

    5 Total Sales

    William Stegeman
    Section Image
  • Mark Bensadon

    Buyer's Agent in 2018

    Mark Bensadon

    Keller Williams North Seattle

    (206) 422-3515

    1 in this area

    125 Total Sales

    Mark Bensadon
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1152350

Northwest Multiple Listing Service (NWMLS)

Washington Pierce County Lake Tapps 98391

5704 183rd Ave E, Lake Tapps, WA

This home is located at 5704 183rd Ave E, Lake Tapps, WA 98391 since 28 June 2017. This property was built in 1991. 5704 183rd Ave E is a home located in Pierce County with nearby schools including Crestwood Elementary School, Lakeridge Middle School, and Sumner High 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) 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. ©2025 NWMLS.

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