Welcome to this 3-bedroom, 1.75-bath home located just a block and a half from Lake Tapps! This property offers a solid foundation with select updates already completed, while still leaving room to add your own style and build equity over time. Brand new roof and gutters. Trim and interior paint completed but not reflected in photos. The generous lot provides space that’s hard to find — ideal for entertaining, gardening, storing recreational toys, or exploring future possibilities. There’s flexibility here for how you want to live.Enjoy close proximity to Lake Tapps for boating, paddleboarding, parks, and year-round outdoor recreation, all while being tucked into an established neighborhood setting. Whether you’re looking for a primary residence with upside or a smart long-term investment, this property offers location, lot size, and potential in one compelling package.
Sold
Listed by: Ensemble • Justin Allen
Bought with: Better Life Realty
$500,000
7218 194th Avenue E, Bonney Lake, WA 98391
3beds
1,420sqft
Single Family Residence
Built in 1988
0.28 Acres Lot
$499,400 Zestimate®
$352/sqft
$2,824 Estimated rent
Home value
$499,400
$474,000 - $524,000
$2,824/mo
Zestimate® history
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$3,147/mo
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Zillow last checked:
Listing updated:
Listed by:
Justin Allen,
Ensemble
Bought with:
Yared Yimer, 24036096
Better Life Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2505235
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s)
Features
- Bath Off Primary
- Flooring: Vinyl Plank
- Windows: Skylight(s)
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,420
- Total interior livable area: 1,420 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Attached Garage, RV Parking
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Fireplace, Skylight(s)
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.28 Acres
- Features: Cabana/Gazebo, Fenced-Fully, Patio, RV Parking
Details
- Parcel number: 6720520051
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Roof: Composition
Condition
- Year built: 1988
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected
- Water: Public, Company: City of Bonney Lake Utilities
- Utilities for property: Comcast/Xfinity, Comcast/Xfinity
Community & HOA
Community
- Subdivision: Bonney Lake
Location
- Region: Bonney Lake
Financial & listing details
- Price per square foot: $352/sqft
- Tax assessed value: $413,200
- Annual tax amount: $4,677
- Date on market: 7/1/2026
- Cumulative days on market: 24 days
- Listing terms: Conventional,FHA
- Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Sold | $500,000$352/sqft |
Source:  NWMLS as distributed by MLS GRID #2505235 Report a problem | ||
| 5/4/2026 | Pending sale | $500,000$352/sqft |
Source: NWMLS as distributed by MLS GRID #2505235 Report a problem | ||
| 5/1/2026 | Price change | $500,000-2.9%$352/sqft |
Source: NWMLS as distributed by MLS GRID #2505235 Report a problem | ||
| 4/10/2026 | Listed for sale | $515,000+77%$363/sqft |
Source: NWMLS as distributed by MLS GRID #2505235 Report a problem | ||
| 3/6/2019 | Sold | $291,000+9.8%$205/sqft |
Source: NWMLS as distributed by MLS GRID #1409829 Report a problem | ||
| 2/14/2019 | Pending sale | $265,000$187/sqft |
Source: Skyline Properties, Inc. #1409829 Report a problem | ||
| 2/8/2019 | Listed for sale | $265,000+89.9%$187/sqft |
Source: Skyline Properties, Inc. #1409829 Report a problem | ||
| 5/15/1995 | Sold | $139,549$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,677 +19.5% | $413,200 +7.5% |
| 2023 | $3,913 -2.3% | $384,500 -5.6% |
| 2022 | $4,004 +0.9% | $407,100 +19.9% |
| 2021 | $3,968 +7.6% | $339,600 +7.2% |
| 2019 | $3,688 -2.8% | $316,800 +5.9% |
| 2018 | $3,793 +19.7% | $299,100 +10.5% |
| 2017 | $3,168 +16.8% | $270,600 +26.9% |
| 2016 | $2,711 | $213,200 +11.2% |
| 2014 | $2,711 +6.6% | $191,700 +11.1% |
| 2013 | $2,542 | $172,600 +4.1% |
| 2012 | -- | $165,800 -15% |
| 2011 | -- | $195,100 -6.3% |
| 2010 | -- | $208,300 -11.8% |
| 2009 | -- | $236,100 -3.8% |
| 2008 | $2,740 | $245,500 -3.8% |
| 2007 | $2,740 +18.7% | $255,300 +68.3% |
| 2002 | $2,308 +1.9% | $151,700 +2.8% |
| 2001 | $2,266 | $147,500 +6.7% |
| 2000 | $2,266 | $138,300 |
Find assessor info on the county website
Neighborhood: 98391
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Nearby schools
GreatSchools rating
- 9/10Bonney Lake Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 9/10Lakeridge Middle SchoolGrades: 6-8Distance: 1.3 mi
- 9/10Bonney Lake High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$499,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$499,400
- Washington
- Pierce County
- Bonney Lake
- 98391
- 7218 194th Avenue E
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