NOT LISTED FOR SALE

Estimated Value: $485,000 - $669,124

1.19 Acres
$478,387 Price per Acre
51,836 Sq Ft Lot

Last Sold March 21, 2022

Last sale price $230,000

Est. 148% increase in value since last sale

Current estimated payment $3,508/month

212 Days on Market

Highlights

  • 1.19 Acre Lot
  • Territorial View
  • Level Lot
  • Crestwood Elementary School Rated A-

About This Lot

As of March 2022

Private secluded 1.19 acre lot with potential for your dream home. Follow the driveway approach to your house on the hill and the flat property above. Water is in ready for hook up. 5 bedroom septic design in process. Perk holes done. Geotech complete. Trees have already been marked for clearing. Come see the amazing build ability for yourself!

Last Agent to Sell the Property

Luke Bentson

Engel & Voelkers Chambers Bay License #111918 Listed on: 06/24/2021

Engel & Voelkers Chambers Bay

Last Buyer's Agent

Gentry Stretz

John L. Scott, Inc License #49559

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1797534

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,840

Lot Details

  • 1.19 Acre Lot
  • Level Lot
  • Zoning described as R1

Property Views

  • Territorial Views

Utilities

  • Septic Design Applied
  • Sewer Not Available

Community Details

  • Lake Tapps Subdivision

Listing and Financial Details

  • Assessor Parcel Number 052021-7-034

Property Details

Property Type

Land

Est. Annual Taxes

$1,840

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Lightly Treed,Partially Cleared
  • Improvements: Fenced-Partially
  • Special Features: None
  • Cumulative Days on Market: 1,384

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Territorial
  • Lot Features: Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • RoadOnWhichSide: Right

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Not Available
  • Water Source: In Street
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Septic Design Applied
  • ElectricityStatus: In Street
  • GasStatus: Not Available
  • SepticDesignApplied: true
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 052021-7-034
  • Topography: Level,Sloped
  • Lot Size Acres: 1.19
  • Lot Size Sq Ft: 51836
  • Zoning Description: R1
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • SoilFeasibilityTest: false
  • SoilTestDate: 07/21/21

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1840

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Mar 20, 2022
Sold by
Charles Hoffman Jr Clayton and Charles Cele Shelby
Bought by
Armstrong John and Armstrong Angela
Seller's Agent
Luke Bentson
Engel & Voelkers Chambers Bay
Buyer's Agent
Gentry Stretz
John L. Scott, Inc
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Total Days on Market
212
Current Estimated Value
$569,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,281
Avg. Annual Appreciation
32.51%
Original Mortgage
$161,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 20, 2020
Closed on
Jan 12, 2021
Sold by
Morgan Richard W
Bought by
Hoffman Clayton Charles and Hoffman Shelby Celeste
Seller's Agent
Matia Long
Keller Williams Realty
Buyer's Agent
Luke Bentson
Engel & Voelkers Chambers Bay
List Price
$150,000
Sold Price
$180,000
Premium/Discount to List
$30,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.31%
Original Mortgage
$135,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2002
Sold by
Morgan Richard W
Bought by
Morgan Richard W and Morgan Patricia K
Source: Public Records

Similar Property in Lake Tapps, WA

  • 0 166th Ave E, Lake Tapps, WA 98391

    $650,000

    • Land
    • 1.45 Acres
    • $448,276 per Acre
    • 0 166th Ave E
    • Lake Tapps, WA

    Rare 1+ acre raw dirt opportunity in highly-sought after Lake Tapps! County states 4-8 lots is possible here with septic necessary and city water at the street! This expansive vacant land offers a prime opportunity for visionary buyers with ample space for multiple home sites, create your dream estate or a lucrative development with future annexation in the city of Sumner possible in the future.

    Mike Renard Keller Williams Realty PS

    Section Image

Range of Values:

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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
Armstrong John $230,000 Wfg National Title Company Of
Hoffman Clayton Charles $180,000 First American Title Ins Co
Morgan Richard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armstrong John $525,000
Closed Armstrong John $70,000
Closed Armstrong John $450,000
Closed Armstrong John $161,000
Previous Owner Hoffman Clayton Charles $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2022 03/21/22 Sold $230,000 0.0% --
01/22/2022 01/22/22 Pending -- -- --
10/11/2021 10/11/21 Price Changed $230,000 -3.8% --
08/24/2021 08/24/21 Price Changed $239,000 -4.4% --
06/24/2021 06/24/21 For Sale $250,000 +38.9% --
01/19/2021 01/19/21 Sold $180,000 0.0% --
12/03/2020 12/03/20 Pending -- -- --
10/08/2020 10/08/20 Price Changed $180,000 +20.0% --
09/21/2020 09/21/20 For Sale $150,000 -16.7% --
09/21/2020 09/21/20 Off Market $180,000 -- --
03/20/2020 03/20/20 For Sale $150,000 -- --
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
2024 $3,751 $389,200 $256,900 $132,300
2023 $3,751 $203,100 $203,100 $0
2022 $2,001 $223,100 $223,100 $0
2021 $1,840 $140,800 $140,800 $0
2019 $1,181 $102,200 $102,200 $0
2018 $1,242 $95,300 $95,300 $0
2017 $968 $88,200 $88,200 $0
2016 $779 $64,200 $64,200 $0
2014 $860 $55,000 $55,000 $0
2013 $860 $52,200 $52,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1797534

Northwest Multiple Listing Service (NWMLS)

APN: 052021-7034