Listed by John L. Scott R.E. Lake Tapps, Bought with Windermere Real Estate JS
NOT LISTED FOR SALE

5718 188th Ave E Lake Tapps, WA 98391

Estimated Value: $435,000 - $527,000

3 Beds
1 Bath
1,344 Sq Ft
$366/Sq Ft Est. Value

Last Sold March 16, 2018

Last sale price $294,000 $219 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,943/month

20 Days on Market

Highlights

  • Waterfront Community
  • Community Boat Launch
  • Deck
  • Emerald Hills Elementary School Rated A-
  • RV Access or Parking
  • Territorial View

About This Home

As of March 2018

Charming & updated Lake Tapps area home on big corner lot*Solid hardwood floors, new carpet, slab granite kitchen&bath*3 bedrms+bonus rm*Refreshed kitchen features gorgeous slab granite counters&under-mount sink, new stainless apps, eating bar&dining rm w/slider to private backyd*Large utility room w/potential for add'l bath*Level backyard, outbuilding&green belt w/tons of potential&room for RV*Newer heating, hot water tank, windows, roof & lighting*Jenks Point amenities include waterfront park

Last Agent to Sell the Property

Lauri McLeod

John L. Scott R.E. Lake Tapps License #26040 Listed on: 01/19/2018

John L. Scott R.E. Lake Tapps

Last Buyer's Agent

Kaitlin Watson

Windermere Real Estate JS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1235616

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,119

Year Built

  • Built in 1974

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • RV Access or Parking

Property Views

  • Territorial Views

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5065502060

Community Details

Overview

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

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,119

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, Dining Room
  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Range/Oven
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 1.00
  • Bathrooms Main: Main
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1344
  • Square Footage Finished: 1344

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Utilities

  • Heating And Cooling: Wall
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: City of Bonney lake
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 30
  • Community Name: Lakeridge
  • Project: Lakeridge
  • Community Features: Boat Launch, CCRs, Community Waterfront/Pvt Beach, Tennis Courts

Schools

  • School District: SUM

Lot Info

  • Lot Number: 206
  • Lot Details: Corner Lot, Paved Street
  • Lot Sq Ft: 9000
  • Lot Topography Vegetation: Level, Partial Slope
  • Parcel Number: 5065502060
  • Lot Topography: Level, Partial Slope

Tax Info

  • Tax Amount: 2795

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2022
Sold by
Marie Stramel Joan
Bought by
Stramel Timothy R and Stramel Tamara C
Current Estimated Value
$492,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Outstanding Balance
$310,750
Interest Rate
3.92%
Mortgage Type
VA
Estimated Equity
$204,281

Purchase Details

Listed on
Jan 19, 2018
Closed on
Mar 13, 2018
Sold by
Stramel Joan
Bought by
Stramel Terrence
Seller's Agent
Lauri McLeod
John L. Scott R.E. Lake Tapps
Buyer's Agent
Kaitlin Watson
Windermere Real Estate JS
List Price
$299,950
Sold Price
$294,000
Premium/Discount to List
-$5,950
-1.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$279,300
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2018
Closed on
Mar 6, 2018
Sold by
Bosch Daniel L and Bosch Stacey D
Bought by
Stramel Timothy and Stramel Tamara
Seller's Agent
Lauri McLeod
John L. Scott R.E. Lake Tapps
Buyer's Agent
Kaitlin Watson
Windermere Real Estate JS
List Price
$299,950
Sold Price
$294,000
Premium/Discount to List
-$5,950
-1.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,300
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2005
Sold by
Markin Richard P
Bought by
Bosch Daniel L and Bosch Stacey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 1997
Sold by
Hud
Bought by
Markin Richard P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,280
Interest Rate
8.35%

Purchase Details

Closed on
Dec 30, 1996
Sold by
Chemical Mtg Company
Bought by
Hud

Purchase Details

Closed on
Dec 6, 1996
Sold by
Walstad Jim C and Walstad Sherry L
Bought by
Chemical Mtg Company
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stramel Timothy R -- Wfg National Title Company Of
Stramel Terrence -- Ticor Title
Stramel Timothy $293,719 Ticor Title
Bosch Daniel L $172,500 Transnation Title
Markin Richard P -- --
Hud -- --
Chemical Mtg Company $97,387 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stramel Timothy R $332,000
Previous Owner Stramel Timothy $279,300
Previous Owner Markin Richard P $67,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $294,000 -2.0% $219 / Sq Ft
03/09/2018 03/09/18 For Sale $299,950 0.0% $223 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
02/05/2018 02/05/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $299,950 -- $223 / 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 $4,119 $424,200 $230,400 $193,800
2024 $4,119 $405,400 $200,700 $204,700
2023 $4,119 $380,100 $200,700 $179,400
2022 $4,184 $406,100 $209,500 $196,600
2021 $3,986 $286,700 $137,200 $149,500
2019 $3,187 $257,500 $125,400 $132,100
2018 $3,213 $239,700 $114,300 $125,400
2017 $2,795 $212,900 $95,600 $117,300
2016 $2,369 $169,400 $74,300 $95,100
2014 $2,201 $153,400 $60,700 $92,700
2013 $2,201 $137,300 $54,900 $82,400
Source: Public Records

Agents Affiliated with this Home

  • Lauri McLeod

    Seller's Agent in 2018

    Lauri McLeod

    John L Scott

    (253) 468-3974

    45 in this area

    131 Total Sales

    Lauri McLeod
    Section Image

  • K

    Buyer's Agent in 2018

    Kaitlin Watson

    Windermere Real Estate JS

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1235616

Northwest Multiple Listing Service (NWMLS)

APN: 506550-2060

Washington Pierce County Lake Tapps 98391

5718 188th Ave E, Lake Tapps, WA

This home is located at 5718 188th Ave E, Lake Tapps, WA 98391 since 19 January 2018 and is currently estimated at $492,392, approximately $366 per square foot. This property was built in 1974. 5718 188th Ave E is a home located in Pierce County with nearby schools including Emerald Hills 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) 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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