Listed by Windermere Real Estate/PSR Inc, Bought with Windermere Real Estate/PSR Inc
NOT LISTED FOR SALE

5816 186th Ave E Lake Tapps, WA 98391

Estimated Value: $931,263 - $957,000

8 Beds
4 Baths
3,400 Sq Ft
$278/Sq Ft Est. Value

Sale Details

Date Sold: June 24, 2022

Last sale price $950,000 $279 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,861 / mo

6 Days on Market

Highlights

  • 1.1 Acre Lot
  • Wood Siding
  • Wall to Wall Carpet
  • Crestwood Elementary School Rated A-

About This Home

As of June 2022

Lake Tapps area four-plex with a brand new roof and fresh exterior paint. Units have updated bathrooms and all but one have updated flooring. Large level lot, nice setting and plenty of parking. Solid investment opportunity with upside potential on rents. This building is part of the West Tapps HOA which gives occupants access to 3 private community lakefront parks. Tenants have key cards to access Jenks Park, Lakeridge Park and the Bankers Spit Walking Trail. West Tapps HOA has a very informative website.

Last Agent to Sell the Property

Jennifer Clukey

Windermere Real Estate/PSR Inc License #74076 Listed on: 04/21/2022

Windermere Real Estate/PSR Inc

Co-Listed By

Mike Elliott

Windermere Real Estate/PSR Inc License #5445

Last Buyer's Agent

Heather Maddox

Windermere Real Estate/PSR Inc License #91158

Windermere Real Estate/PSR Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1919366

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,312

Year Built

  • Built in 1991

Lot Details

  • 1.1 Acre Lot
  • Property is in good condition

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • Open Parking

Home Design

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

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Laminate

Utilities

  • Septic Tank
  • Septic System

Community Details

  • West Tapps Condos
  • Bonney Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0520217110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,312

Year Built

Built in 1991

Lot Details

1.1 Acres

HOA Fees

$125 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
  • Building Name: West Tapps
  • New Construction: No
  • CalculatedSquareFootage: 3400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: City of Bonney Lake
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 1500
  • Association Fee Frequency: Annually
  • Association: Yes
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 0520217110
  • Lot Size Acres: 1.1
  • Lot Size Sq Ft: 47916
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5225

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9312

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2025
Sold by
Bought by
Current Estimated Value
$944,132

Purchase Details

Listed on
Apr 21, 2022
Closed on
Jun 17, 2022
Sold by
Bought by
Seller's Agent
Jennifer Clukey
Windermere Real Estate/PSR Inc
Buyer's Agent
Heather Maddox
Windermere Real Estate/PSR Inc
List Price
$950,000
Sold Price
$950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.16%
Original Mortgage
$712,500
Interest Rate
5.78%

Purchase Details

Closed on
Jan 8, 2021
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 11, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,444
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2003
Sold by
Bought by

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
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$949,719 Commonwealth Land Title
-- Cw Title
$725,000 Fidelity National Title
$579,669 Cw Title
$339,000 Lawyers Title
-- Puget Sound Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $712,500
Previous Owner $543,750
Previous Owner $569,444
Previous Owner $271,200
Previous Owner $37,977
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $950,000 0.0% $279 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $950,000 -- $279 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,715 $914,400 $336,500 $577,900
2024 $8,715 $874,200 $291,200 $583,000
2023 $8,715 $810,400 $258,400 $552,000
2022 $9,194 $823,900 $283,800 $540,100
2021 $9,312 $676,900 $199,100 $477,800
2019 $6,588 $565,000 $171,500 $393,500
2018 $6,456 $499,200 $150,900 $348,300
2017 $5,203 $430,500 $125,700 $304,800
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: 1919366

Northwest Multiple Listing Service (NWMLS)

APN: 052021-7110

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