NOT LISTED FOR SALE

7225 188th Ave E Bonney Lake, WA 98391

Estimated Value: $677,000 - $746,000

5 Beds
3 Baths
2,876 Sq Ft
$250/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $560,000 $195 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,294/month

Highlights

  • Deck
  • Territorial View
  • Sport Court
  • Bonney Lake Elementary School Rated A-
  • 1 Fireplace
  • Patio

About This Home

As of April 2021

Spacious 2876 sf split level on .40 acre in excellent Bonney Lake location! Minutes from Hwy 410, Lake Tapps, shopping, dining & medical facilities. This 5 bedroom home is great for multi-generational living w/a fully finished lower level that has a large Family/Rec Rm with 3 bedrooms, a wet-bar, slider & french door access to back yard. Upper level boasts vaulted ceiling, formal dining, breakfast nook and spacious living room! Kitchen offers plenty of cabinets, prep space and pantry. Breakfast nook with slider access to upper deck. Huge Master Suite w/french doors, vaulted ceiling, sitting area and full bath with soaking tub. Tons of natural light flowing throughout (skylights), large partially fenced yard with fire-pit and garden space.

Last Agent to Sell the Property

Shawn Maxey

Terry Wise & Associates License #74359 Listed on: 03/11/2021

Terry Wise & Associates

Co-Listed By

Nancy Lee

Keller Williams Realty License #103211

Last Buyer's Agent

Liyah Drenguis

COMPASS License #127631

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1739487

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,965

Year Built

  • Built in 2002

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Garden

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Listing and Financial Details

  • Assessor Parcel Number 2560000470

Community Details

Overview

  • Bonney Lake Community

Recreation

  • Sport Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,965

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 14 - Split Entry
  • Building Information: Built On Lot
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, French Doors, Skylights, Vaulted Ceilings
  • Floor Covering: Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 5.00
  • Lower Level Bedroom: 2
  • Bathrooms: 3.00
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 3
  • Lower Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Dining Room: Upper
  • Family Room: Lower
  • Kitchen: Upper
  • Living Room: Upper
  • Estimated Sq Ft: 2876
  • Square Footage Finished: 2876

Exterior Features

  • Exterior: Wood
  • Foundation: Slab
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: K

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Bonney Lake
  • Water Company: City of Bonney Lake
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Bonney Lake
  • Project: Boney Lake Heights

Schools

  • Elementary School: Bonney Lake Elem
  • Middle School: Lakeridge Middle
  • High School: Bonney Lake High
  • School District: SUM

Lot Info

  • Lot Number: 17
  • Lot Details: Paved Street
  • Lot Sq Ft: 17500
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope
  • Parcel Number: 2560000470
  • Lot Topography: Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 5649

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
Apr 2, 2021
Sold by
Trainer William and Gonzales Douglas J
Bought by
Hall Rani
Seller's Agent
Shawn Maxey
Terry Wise & Associates
Buyer's Agent
Liyah Drenguis
COMPASS
List Price
$550,000
Sold Price
$560,000
Premium/Discount to List
$10,000
1.82%
Current Estimated Value
$718,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,343
Avg. Annual Appreciation
5.72%
Original Mortgage
$560,000
Outstanding Balance
$505,612
Interest Rate
3%
Mortgage Type
VA
Estimated Equity
$212,731

Purchase Details

Closed on
Feb 16, 2007
Sold by
Trainer William Gristie
Bought by
Trainer William Gristie and Gonzales Douglas John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2007
Sold by
Morrison Lisa A and Shea Mike J D
Bought by
Trainer William Gristie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2006
Sold by
Morrison Lisa A
Bought by
Morrison Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
8.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2001
Sold by
Diteman Shawn
Bought by
Morrison Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.63%

Purchase Details

Closed on
May 14, 2001
Sold by
Sedlak Nina M
Bought by
Diteman Shawn and Diteman Carrie
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Hall Rani $560,000 First American Title Ins Co
Trainer William Gristie -- None Available
Trainer William Gristie $352,500 The Talon Group
Morrison Lisa A -- Transcontinental Title Co
Morrison Lisa A $74,457 --
Diteman Shawn $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Rani $560,000
Previous Owner Trainer William Gristie $282,000
Previous Owner Morrison Lisa A $306,000
Previous Owner Morrison Lisa A $164,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $560,000 +1.8% $195 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $550,000 -- $191 / 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 $5,965 $654,000 $247,200 $406,800
2024 $5,965 $638,800 $201,100 $437,700
2023 $5,965 $586,700 $196,200 $390,500
2022 $5,957 $615,000 $215,500 $399,500
2021 $5,815 $446,600 $151,200 $295,400
2019 $4,843 $420,500 $130,300 $290,200
2018 $5,071 $393,000 $109,100 $283,900
2017 $4,232 $362,000 $90,900 $271,100
2016 $3,674 $285,200 $66,200 $219,000
2014 $3,378 $259,800 $56,700 $203,100
2013 $3,378 $232,700 $53,800 $178,900
Source: Public Records

Agents Affiliated with this Home

  • Shawn Maxey

    Seller's Agent in 2021

    Shawn Maxey

    Terry Wise & Associates

    (253) 224-5562

    11 in this area

    586 Total Sales

    Shawn Maxey
    Section Image
  • Nancy Lee

    Seller Co-Listing Agent in 2021

    Nancy Lee

    Keller Williams Realty

    (253) 222-9978

    12 in this area

    268 Total Sales

    Nancy Lee
    Section Image
  • Liyah Drenguis

    Buyer's Agent in 2021

    Liyah Drenguis

    Avenue Properties

    (206) 355-5323

    1 in this area

    11 Total Sales

    Liyah Drenguis
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1739487

Northwest Multiple Listing Service (NWMLS)

APN: 256000-0470

Washington Pierce County Bonney Lake 98391

7225 188th Ave E, Bonney Lake, WA

This home is located at 7225 188th Ave E, Bonney Lake, WA 98391 since 11 March 2021 and is currently estimated at $718,343, approximately $249 per square foot. This property was built in 2002. 7225 188th Ave E is a home located in Pierce County with nearby schools including Bonney Lake Elementary School, Lakeridge Middle School, and Bonney Lake 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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