Own the largest piece of property for sale on Lake Tapps. The property is located at 21214 23rd St Ct E; Lake Tapps WA 98391, MLS# 80536 and has 3.83 acres of mature landscaping with 340ft of waterfront. Currently it has a 1568 Sq Ft Rambler with a lovely deck to enjoy the breath taking views of Lake Tapps and a 2 car detached garage, but you can build your custom dream home and use the current house as a guest house or mother in law home. The current home would also be a great summer retreat. This is a great home where you could put your own finishes to make it yours. Room for your horses, RV and all your lake toys. Pre-inspection and Septic inspection done. Adjacent .81 acres with 90 ft of waterfront is also for sale MLS#80530. Together you could own 430 continuous feet of Lake Tapps waterfront!
For more information on this property go to www.OnLakeTapps.com
To view over 64,000 other homes available in the Puget Sound area visit www.FairPlay.com

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[idx-listing mlsnumber="80536" showall="true"]

Below is the vacant waterfront land that is next to the above property. If bought together you would own 430ft of prime Lake Tapps waterfront!

[idx-listing mlsnumber="80530" showall="true"]

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This beautiful Lake Tapps WA 98391 home is on the best corner lot in the desired community of Quiet Water. It offers a spacious floor plan, vaulted ceilings, open concept kitchen with slab granite and all the upgrades, including one-of-a- kind built-ins. This Lake Tapps home offers elegance throughout its 4 large bedrooms, including a huge Master office, and great bonus room. The builder offered convenience around every corner with a laundry room upstairs, and plenty of parking with its colossal 4-car garage. Some of the interior features include Bath off the Master bedroom, Built-In Vacuum, Ceiling Fan(s), Dining Room, Double Pane Storm Windows, Jetted/Soaking Tub, Security System, Skylights, Vaulted Ceilings, Walk-in Closet, Walk in Pantry and Wired for Generator. All this and walking distance from Lake Tapps.  Don’t wait this home is priced to sell.

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Beautiful Bonney Lake Home For Sale On Large Fenced Lot

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$254,950 Single Family Home For Sale Main Features 3 Bedrooms 2 Bathrooms 1 Partial Bathroom Interior: 1666 sqft Lot: 12,471 sqft Location 7814 195th Ave Ct E Bonney Lake, WA 98391

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Daniel Terry

Our recent listings Beautiful Bonney Lake Home For Sale On Large Fenced Lot Remodeled rambler of shy 3/4 acre Updated Bonney Lake Rambler Subscribe to our listing feed

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[idx-listings city="Bonney Lake" propertytypes="265" orderby="DateAdded" orderdir="DESC" count="1" showlargerphotos="true"]

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This Lake Tapps waterfront home located at 5325 193rd Ave Ct E, Lake Tapps WA 98391, is a must see! It has been redone and updated in and out. Huge open floor plan, chef’s kitchen, oversized island, stainless appliances, and a butler’s elevator, down to a FULL 2ND KITCHEN for easy summertime entertaining. Beautiful craftsmanship throughout the entire home, extensive travertine, radiant floor heat in the downstairs. VERY large Theater room, this home has it all; you really must see it to appreciate it. Motivated seller!!!!! **SELLER FINANCING AVAILABLE!** Bring all offers!

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This 3br Lake Tapps craftsman home features the finest finish work I’ve seen in a long time. Including granite, under counter lighting, stone fireplace, surround sound, built in vacuum system and the list goes on. Check this one out.

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Beautiful Bonney Lake Home For Sale On Large Fenced Lot

Overview Maps Photos Description Market Stats

$259,950 Single Family Home For Sale Main Features 3 Bedrooms 2 Bathrooms 1 Partial Bathroom Interior: 1666 sqft Lot: 12,471 sqft Location 7814 195th Ave Ct E Bonney Lake, WA 98391

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Daniel Terry

Our recent listings Beautiful Bonney Lake Home For Sale On Large Fenced Lot Remodeled rambler of shy 3/4 acre Updated Bonney Lake Rambler Subscribe to our listing feed

See more Bonney Lake, WA real estate for sale

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Yesterday, I attended the Windermere Kick-Off breakfast. The highlight for me was listening to real estate economist, Matthew Gardner. This proved to be very valuable since I do a lot of business in the Bonney Lake, Lake Tapps, Buckley, Puyallup, Sumner and surrounding areas and I want to stay current with the real estate market trend and home values.

Matthew provided a substantial amount of information about the economy and housing, and he was quite entertaining. He predicts rates will be 6% by year end. I have run some figures on payments, equity position and qualifying income based on his prediction.

Using a loan amount of $300,000, the principle & interest payment at 5% would be $1610.46 per month. At 6% the payment would be $1798.65, a difference of $188 per month. At the end of five years the loan balance with the 5% loan would be $275,486, and $279,163 with the 6% loan. If you take into account the monthly savings over five years plus the additional equity, your clients can save close to $15,000 by taking advantage of the low interest rates.

The other issue that comes into play with higher rates is qualifying. Using the 5% rate plus taxes, insurance and MI, the qualifying income would be approximately $7023 per month. At 6%, the qualifying income goes up to $7650 per month. Another way to look at it is someone making $7023 per month can qualify for $300,000 at 5%, but only $268,500 at 6%. What a difference only one percentage point makes!

So if there was ever a good reason to get off the fence and start your home buying process, this is one of them. Not only are the mortgage rates at an all time low, so are the house prices. Contact me at 253-209-9701 and I will help find and negotiate a great home for you. As a marketing specialist I can help you sell your home fast and at market value.

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This Bonney Lake rambler is in great shape with plenty of updates as recently as this past summer. Move in right away on this turn key Bonney Lake rambler. Sellers are motivated and want to purchase other real estate in Bonney Lake WA 98391. Bring us your offer and let’s talk. Call me at 253-209-9701 if you have any questions or want to arrange a showing.

Updated Bonney Lake Rambler

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$204,950 Single Family Home For Sale Main Features 3 Bedrooms 1 Bathroom 1 Partial Bathroom Interior: 1170 sqft Lot: 11,500 sqft Location 7710 193rd Ave E Bonney Lake, WA 98391

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Windermere RE Lake Tapps, Inc

Our recent listings Updated Bonney Lake Rambler Remodeled rambler of shy 3/4 acre Subscribe to our listing feed

See more Bonney Lake, WA real estate for sale

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Well maintained Bonney Lake rambler with lots of recent updates, hot water (’09), paint in/out ’09, new kitchen ’08, vinyl windows ’06. The house sits on a large level lot with plenty of room in the fenced back yard for toys, garden, RV, etc. Nice family room with fireplace. Nice new kitchen with gas cooking, new cabinets, new counter tops and a breakfast bar. Easy commute to HW-410 & Sounder or P&R. Close to Lake Tapps, Allen York Park, schools and shopping. Quiet neighborhood perfect for family or retired. Qualifies for USDA financing. Priced to sell!
To view over 64,000 other homes available in the Puget Sound area visit www.FairPlay.com

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Biggest Buyers Market

When it comes to short sales, investors would do well to take a look at these major metropolitan areas presenting the largest peak-to-present value price drops. There are a variety of reasons each area has experienced larger than average price drops; from over building in Orlando to unemployment in Modesto, pressure on pricing has resulted in once in a lifetime bargains. Other areas such as Port St.Lucie or Lehigh Acres in Florida have been hit by a perfect storm of unemployment, over building and aggressive sub-prime lending practices combined with lax zoning standards to create a dramatic excess of inventory that could take years to absorb. Whatever the original reason, the result is clear…a big buyers market for those in the know.

Lucky for us in the greater Seattle/Tacoma area the housing crash didn’t hit us quiet as hard as the above mentioned states. While we did experience a substantial drop in housing value I believe we have a strong local economy and we should recover quickly.

Other hard hit cities throughout the nation include the following metro areas:

Merced California – With over 62% drop from highest price, the average cost of a home in Merced was $336, 750 in Q2 of 2006 compared to only $127,585 by Q3 of 2009.

Stockton/Modesto California – Both cities have lost roughly 54% of value since their former high in 2006. Today the average price is an affordable $168,000/$151,000.

Las Vegas Nevada – After a huge building boom during 2005 and 2006, Las Vegas residents are walking away from homes previously valued at over $300,000 which is now selling for just under $160,000.

Port St. Lucie Florida – After reaching a peak price of over $281,000 in 2006, prices in Port St. Lucie are lucky to bring in $151,000 as of Q3 of 2009. In fact, nearly all of Florida has been extremely hard hit due to a combination of high unemployment, sub-prime lending standards and an unprecedented building boom. Fort Myers, Cape Coral,

Naples, Marco Island, Bradenton, Sarasota and Venice are just a few of the other cities experiencing in excess of 40% or greater price decline.

Detroit – It should come as no surprise that Detroit and surrounding areas have been especially hard hit due to high unemployment despite the fact the building boom managed to miss much of Michigan. Affordable homes reached a high of $155,000 during 2005 but continued to plummet in price to the new low of just over $107,500 by the end of 2009.

Here in the Bonney Lake Washington area there are some tremendous bargains to be found on bank owned properties. Short sales are another way to pick up some great values with no short supply of inventory to choose from. Waterfront property on Lake Tapps can be found at a fraction of the value that was placed in 2007.

Bottom Line – short sale investors looking for the best prices as compared to former highs should concentrate their efforts on California, Nevada and Florida. Those searching for affordable housing alternatives may do well to examine Michigan and other areas of the mid-west that managed to escape much of the building boom from recent years. The greatest price stability is to be found in the New England states where prices remained relatively unchanged yet present some price reduction as compared to the past few years.

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