Listed by John L. Scott, Inc, Bought with COMPASS
NOT LISTED FOR SALE

5804 186th Avenue Ct E Lake Tapps, WA 98391

Estimated Value: $919,000 - $978,721

8 Beds
4 Baths
3,400 Sq Ft
$279/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $592,000 $174 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,921/month

132 Days on Market

Highlights

  • 1.1 Acre Lot
  • Territorial View
  • Partially Fenced Property
  • Crestwood Elementary School Rated A-
  • Corner Lot
  • Wood Siding

About This Home

As of August 2018

Fantastic investor or owner occupancy opportunity in a great location! Each unit in this 4-plex is 850 SF, has 2 beds, 1 full bath, dishwasher, refrigerator, range/oven, dining area & balcony/patios. Large lot with outbuilding & more. Quiet park like setting backs to greenbelt for added privacy. Exterior paint 2015, roof in 2008, deck on upper unit (#D) rebuilt 2015 as well as new carpet in unit A. All tenants are month to month. Tenants also get to enjoy access to Jenks Park on Lake Tapps.

Last Agent to Sell the Property

Jon Bye

John L. Scott, Inc License #25593 Listed on: 03/15/2018

John L. Scott, Inc

Last Buyer's Agent

Alec Klasna Woodward

COMPASS License #114896

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1255790

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,203

Year Built

  • Built in 1991

Lot Details

  • 1.1 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Bonney Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0520217108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,203

Year Built

Built in 1991

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1991
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3400
  • Special Features: None
  • Cumulative Days on Market: 408

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • WaterCompany: City of Bonney Lake
  • WaterSewerGarbage: 4428

Condo/Co-op/Association

  • Association Fee: 600
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Sumner

Lot Info

  • Parcel Number: 0520217108
  • Lot Size Acres: 1.1
  • Lot Size Sq Ft: 47916
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3670

Multi Family

  • Gross Scheduled Income: 44040
  • Net Operating Income: 32331
  • Number Of Units Total: 4
  • Insurance Expense: 1478
  • Leasable Area: 3400
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5203

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2022
Sold by
Barkshire Jeffrey G
Bought by
Painted Table Investments Llc
Current Estimated Value
$948,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$572,533
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$372,254

Purchase Details

Closed on
May 21, 2021
Sold by
Painted Table Investments Llc
Bought by
Barkshire Jeffrey and Trimble Darren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2021
Sold by
Trimble Patti
Bought by
Trimble Darren Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2018
Closed on
Oct 10, 2018
Sold by
Barkshire Jeffrey G and Trimble Darren R
Bought by
Painted Table Investments Llc
Seller's Agent
Jon Bye
John L. Scott, Inc
Buyer's Agent
Alec Klasna Woodward
COMPASS
List Price
$599,950
Sold Price
$592,000
Premium/Discount to List
-$7,950
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$444,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2018
Closed on
Aug 28, 2018
Sold by
Barkshire Shelby and Barkshire Jeffrey G
Bought by
Barkshire Jeffrey G
Seller's Agent
Jon Bye
John L. Scott, Inc
Buyer's Agent
Alec Klasna Woodward
COMPASS
List Price
$599,950
Sold Price
$592,000
Premium/Discount to List
-$7,950
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2003
Sold by
Hemzacek Roy R and Hemzacek Purita
Bought by
Minard Earl R and Minard Nelma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 1994
Sold by
Youngberg Linda J
Bought by
Hemzacek Roy R and Hemzacek Purita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,977
Interest Rate
6.98%
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
Painted Table Investments Llc -- None Listed On Document
Barkshire Jeffrey -- Fidelity National Title
Painted Table Investments Llc -- None Available
Trimble Darren Ray -- Fidelity National Title
Berkshire Jeffrey Garre -- Fidelity National Title
Painted Table Investments Llc -- Fidelity National Title
Barkshire Jeffrey G -- Attorneys Title
Clarke Jarret R -- Attorneys Title
Trimble Darren R -- Attorneys Title
Trimble Darren R $591,719 Attorneys Title
Minard Earl R $339,000 Lawyers Title
Hemzacek Roy R -- Puget Sound Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Painted Table Investments Llc $600,000
Previous Owner Berkshire Jeffrey Garre $563,500
Previous Owner Trimble Darren R $444,000
Previous Owner Minard Earl R $300,000
Previous Owner Minard Earl R $271,200
Previous Owner Hemzacek Roy R $37,977
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $592,000 -1.3% $174 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $599,950 0.0% $176 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $599,950 0.0% $176 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $599,950 -- $176 / 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 $8,527 $900,700 $336,500 $564,200
2024 $8,527 $855,000 $291,200 $563,800
2023 $8,527 $792,300 $258,400 $533,900
2022 $8,998 $806,300 $283,800 $522,500
2021 $9,110 $661,800 $199,100 $462,700
2019 $6,448 $552,600 $171,500 $381,100
2018 $6,273 $488,200 $150,900 $337,300
2017 $5,203 $417,800 $125,700 $292,100
2016 $4,481 $350,800 $91,500 $259,300
2014 $4,510 $291,400 $78,400 $213,000
2013 $4,510 $261,900 $74,400 $187,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1255790

Northwest Multiple Listing Service (NWMLS)

APN: 052021-7108