Listed by Epique Realty, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $1,039,599 - $1,788,000

3 Beds
1 Bath
1,388 Sq Ft
$899/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $900,000 $648 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,391/month

25 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Deck
  • Dieringer Heights Elementary School Rated A-
  • Lake View
  • Secluded Lot

About This Home

As of May 2021

Amazing property on Bankers Island to live in all year, Air B&B, keep as a summer home, add onto, remove and build...This property has so many options! This three bedroom, one bath home is a one and a half story house with a basement on over a quarter acre with 140' of waterfront with an unobstructed panoramic view of Mt Rainier. Home features a new deck off the main level. Come relax and enjoy the view. Property has a gentle slope to the bulk head and dock.

Last Agent to Sell the Property

Kristina Zebell

Epique Realty License #25824 Listed on: 03/29/2021

Last Buyer's Agent

Nai Chao

eXp Realty License #109253

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1744757

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,829

Year Built

  • Built in 1972

Lot Details

  • 0.27 Acre Lot
  • Low Bank Waterfront Property
  • 140 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot

HOA Fees

  • $32 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,388 Sq Ft Home
  • 1.5-Story Property
  • Vaulted Ceiling
  • Dining Room
  • Storm Windows
  • Oven or Range
  • Finished Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Full Bathroom

Outdoor Features

  • Bulkhead
  • Docks
  • Deck
  • Patio

Schools

  • Crestwood Elementary School
  • Lakeridge Middle School
  • Sumner Snr High School

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Lake Tapps Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 5038000030

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,829

Year Built

Built in 1972

Lot Details

0

HOA Fees

$32 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 17 - 1 1/2 Stry w/Bsmt
  • Year Built: 1972
  • Inclusions: RangeOven
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1388
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Basement: Finished, Unfinished
  • Appliances: Range/Oven
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Double Pane/Storm Window, Dining Room, Vaulted Ceiling(s)
  • Living Area: 1388
  • BathsFullMain: 1
  • SquareFootageFinished: 1388
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 2
  • AppliancesIncluded: Range/Oven

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s)
  • Lot Features: Cul-De-Sac, Dead End Street, Paved, Secluded
  • View: Yes
  • Waterfront Features: Bank-Low, Bulkhead, Lake
  • Waterfront: Yes
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • WaterfrontFootage: 140

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: None

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Septic System, Electric, Natural Gas Connected, Common Area Maintenance
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Bonney Lake

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 32
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Residential

Schools

  • Junior High Dist: Sumner-Bonney Lake
  • High School: Sumner Snr High
  • Middle Or Junior School: Lakeridge Middle

Lot Info

  • Parcel Number: 5038000030
  • Topography: Level,PartialSlope
  • Lot Size Acres: 0.2683
  • Lot Size Sq Ft: 11687
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Dock,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8829

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Crestwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
May 20, 2021
Sold by
Hobble Marjorie A
Bought by
Teung Weunchoy Seng and Teung Debbie Yoon
Seller's Agent
Kristina Zebell
Epique Realty
Buyer's Agent
Nai Chao
eXp Realty
List Price
$1,099,950
Sold Price
$900,000
Premium/Discount to List
-$199,950
-18.18%
Current Estimated Value
$1,248,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,150
Avg. Annual Appreciation
7.32%
Original Mortgage
$765,000
Outstanding Balance
$693,281
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$554,869

Purchase Details

Closed on
Jun 12, 2008
Sold by
Herbert Joseph Corey
Bought by
Hobble Marjorie A

Purchase Details

Closed on
Aug 21, 2007
Sold by
Hobble Marjorie A
Bought by
Herbert Joseph Corey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$908,900
Interest Rate
7%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
Teung Weunchoy Seng $900,000 Chicago Title Company Of Wa
Hobble Marjorie A -- Ticor
Herbert Joseph Corey $1,000,000 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teung Weunchoy Seng $765,000
Previous Owner Herbert Joseph Corey $908,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $900,000 -18.2% $648 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $1,099,950 -- $792 / 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 $9,980 $1,049,800 $856,200 $193,600
2024 $9,980 $979,400 $792,100 $187,300
2023 $9,980 $943,400 $780,800 $162,600
2022 $10,820 $1,010,500 $837,400 $173,100
2021 $9,851 $725,600 $611,100 $114,500
2019 $7,423 $628,300 $516,800 $111,500
2018 $7,861 $572,600 $467,100 $105,500
2017 $6,922 $534,600 $435,000 $99,600
2016 $5,992 $385,600 $303,600 $82,000
2014 $5,166 $400,000 $321,200 $78,800
2013 $5,166 $336,200 $262,800 $73,400
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1744757

Northwest Multiple Listing Service (NWMLS)

APN: 503800-0030