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Factoria

Factoria

Suburban Neighborhood in Bellevue, Washington

King County 98006
$1,805,947 Average Value
$722 Average Price per Sq Ft
20 Homes For Sale

Where a commercial hub and waterfront views collide

Factoria is a Bellevue neighborhood full of inviting charm, where locals walk, bike and rollerblade throughout its peripheral tree-lined enclaves. Situated at the junction between Interstate 90 and Interstate 405, Factoria is a Bellevue neighborhood offering east access to storefronts and the water. Big box retailers and a handful of restaurants anchor the neighborhood’s streetscape, beyond which the two Interstates carry commuters in each cardinal direction. Multiple schools appear within its boundaries, giving students the option to bike to class depending on their block. Home buyers who have their eyes on Factoria can choose between a modest condo or a loftier single-family home on the water. “It’s the price tag,” says Designated Broker Cary Porter of Cascade Team Real Estate LLC. “People buy there because it’s inexpensive.”

Lower priced luxury homes

Architectural styles in Factoria vary widely. Home prices generally fall into two smaller categories: the more modest and centrally located single-family homes, and the loftily priced estates closer to the water. A two bedroom, 1,000-square-foot condo adjacent to the shopping center fetches between $350,000 and $500,000. The location is also conducive to commuting into nearby cities via the highways. As buyers look towards Factoria’s periphery, they will notice a substantial increase in price, stemming from spacious mid-century builds with expansive windows and unique floorplans. Due to their placement near the water, these larger and more luxurious homes sell for between $1.5 million and $2.8 million. “If the same waterfront homes were around the corner on Mercer Island, they’d sell for ten million instead of two million,” says Porter. Classic ramblers and colonials are also an option in this price range.
Factoria has a variety of homes, including newer built traditional style houses.
Factoria has a variety of homes, including newer built traditional style houses.
Large and luxurious waterfront homes can be found along Lake Washington in Factoria.
Large and luxurious waterfront homes can be found along Lake Washington in Factoria.
Ramblers and Colonial homes are among the different styles found throughout Factoria.
Ramblers and Colonial homes are among the different styles found throughout Factoria.
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High marks for the Bellevue School District

Students in Factoria can attend class in the Bellevue School District, ranked number two in Washington by Niche. Newport Heights Elementary earns an impressive A from Niche and sits on the south end of the neighborhood. Tyee Middle School also earns an A. Newport Senior High receives an A-plus overall and ranks as the state’s second best public high school. Their Mandarin Dual Language Program is beneficial for students who want to become bicultural in addition to bilingual and biliterate.
Newport Heights Elementary School
Newport Heights Elementary School
Tyee Middle School - Main Building
Tyee Middle School - Main Building
Newport Senior High School
Newport Senior High School
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Waterfront parks are a highlight of Factoria

Factoria residents are close to some of the area's most beautiful parks. Newcastle Beach Park is spacious and family-friendly, located on Lake Washington's shores. Its large playground, picnic area and sandy beach provide endless entertainment. Amateur anglers can try their luck for salmon and bass on the pier’s edge. Closer to the center of the neighborhood lies the Coal Creek Natural Area, the site of a nineteenth century mine shaft. Four and a half miles of trails with the occasional miniature waterfall wind through this once industrial spot. Folks can stop at one of various points along the way and appreciate the bubbling creek.
Factoria residents are close to the Newcastle Beach Park, a great spot for a picnic.
Factoria residents are close to the Newcastle Beach Park, a great spot for a picnic.
Smaller locals can have fun on the playground at the Newcastle Beach Park near Factoria.
Smaller locals can have fun on the playground at the Newcastle Beach Park near Factoria.
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Three miniature shopping centers in one

Central Factoria has ample shopping opportunities located just south of the Interstate 90 interchange. Three major areas form a right angle of big box department stores and small boutiques clustered together. Folks can grab their groceries from the Jing Jing Asian Market or stop into Target for some home goods. Factoria residents also benefit from a multicultural blend of restaurants. There are casual options like Mama's Kitchen, a homestyle Korean restaurant offering comfort food like kimchi soup and bibimbap, and Katsu Burger, a Japanese-inspired burger joint. The restaurant serves crispy fried katsu as well as hand-dipped milkshakes in classic American flavors like Vanilla, or Japanese flavors like green tea and black sesame. Locals looking for upscale dining don’t have to drive into Downtown Bellevue when Novilho's Brazilian Steakhouse is just down the road. This luxurious bistro serves all-you-can-eat grilled delicacies and features an extensive international wine list.
Big box stores at the Marketplace at Factoria.
Big box stores at the Marketplace at Factoria.
Shopping and dining at The Marketplace at Factoria.
Shopping and dining at The Marketplace at Factoria.
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Access to two interstates

Although most spots within the neighborhood are bikeable, driving a car is encouraged for getting to nearby areas. Factoria’s positioning at the crossroads of two major interstates makes Seattle just as accessible as nearby Bellevue and Issaquah. Commuters aren’t restricted be a lack of personal vehicle, thanks to the bus system. The King County Metro offers passengers a relatively streamlined route into nearby cities. During rush hour, a trip into Seattle with fewer than ten stops takes approximately 40 minutes. Issaquah takes roughly the same amount of time, and Bellevue is ten minutes less.
A short drive away from downtown Bellevue, Factoria is a convenient place to live.
A short drive away from downtown Bellevue, Factoria is a convenient place to live.
Across from Mercer Island and along Lake Washington, Factoria is a great place to call home.
Across from Mercer Island and along Lake Washington, Factoria is a great place to call home.
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Crime in Factoria

Crime in Factoria is slightly higher than the national average. According to the CAP Index, the risk of motor vehicle theft and larceny are higher here. Per 2019 FBI data, of the greater Bellevue area’s 150,200 residents, 185 violent crimes and 3,498 property crimes occurred.
Malcolm Longerbeam
Written By
Malcolm Longerbeam
Carter Rogers
Photography Contributed By
Carter Rogers
Khalil Chisholm
Video By
Khalil Chisholm

Agents Specializing in this Area

  • Hailu Liu

    Hailu Liu

    RE/MAX Town Center

    (425) 215-0682

    173 Total Sales

    1 in Factoria

    $540,000 Price

    Hailu Liu
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  • Cameron Dore

    Cameron Dore

    Responds Quickly

    TEC Real Estate Inc.

    (206) 535-2643

    54 Total Sales

    1 in Factoria

    $1,425,000 Price

    Cameron Dore
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  • Phil James

    Phil James

    John L. Scott, Inc.

    (206) 222-6846

    2 Total Sales

    1 in Factoria

    $385,000 Price

    Phil James
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  • CL Tang

    CL Tang

    eXp Realty

    (206) 775-7419

    137 Total Sales

    1 in Factoria

    $482,000 Price

    CL Tang
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  • Hideo Suganuma

    Hideo Suganuma

    Kohtoku Enterprise Inc.

    (425) 307-5482

    56 Total Sales

    1 in Factoria

    $1,501,500 Price

    Hideo Suganuma
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  • Starlene Ward

    Starlene Ward

    RE/MAX Integrity

    (206) 558-0847

    62 Total Sales

    1 in Factoria

    $436,000 Price

    Starlene Ward
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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
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Interested in learning more about homes in this area? Reach out to Hailu Liu, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Seattle-Tacoma International

22 min drive

Bus

Coal Creek Parkway Freeway Station

Bus

Newport Hills Fwy Station

Bus

SE 36th St & 131st Ave SE

Bus

SE 41st Pl & 124th Ave SE

Bus

Factoria Blvd SE & SE 42nd St

Bus

124th Ave SE & SE 44th St

Bus

Coal Creek Pkwy SE & 124th Ave SE

Crime and Safety

1 - Low Crime, 10 - High Crime Factoria US
Homicide 2 4
Sexual Assault 3 4
Assault with Weapon 2 4
Robbery 3 4
Burglary 5 4
Motor Vehicle Theft 5 4
Larceny 6 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Factoria Demographics and Home Trends

On average, homes in Factoria, Bellevue sell after 18 days on the market compared to the national average of 51 days. The median sale price for homes in Factoria, Bellevue over the last 12 months is $1,385,000, up 11% from the median home sale price over the previous 12 months.

Housing Trends

Median List Price
$1,299,000
Median Sale Price
$1,385,000
Median Single Family Sale Price
$1,557,500
Median Townhouse Sale Price
$635,000
Median 2 Bedroom Sale Price
$525,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
101
Median Home Sale Price YoY Change
11%
Average Price Per Sq Ft
$722

Neighborhood Facts

Number of Homes in Neighborhood
1,898
Number of Homes for Sale
20
Median Year Built
1974
Months of Supply
2.40
Average Single Family Home Size Sq Ft
2,626
Significantly above the national average
1,927
Average Townhouse Size Sq Ft
1,407
Average 2 Bedroom Size Sq Ft
978
Average 1 Bedroom Size Sq Ft
731
Median Lot Size Sq Ft
12,196

Open Houses

  • Saturday, Jul 26
    11am - 1pm

    20 Cascade Key, Bellevue, WA 98006

    $3,188,000

    • 6 Beds
    • 4 Baths
    • 3,734 Sq Ft
    • 20 Cascade Key

    Beautifully updated rambler in Newport Shores with 2 primary suites, 4 additional bedrooms, and 4 baths. A recent 1,000 sq. ft. addition includes a spacious great room perfect for entertaining. The open kitchen with bar flows to a covered patio with heaters and a hot tub. The large, landscaped backyard offers room for pets, play, and gatherings. Includes a 2-car garage plus RV/boat parking. Enjoy

    Owen Klumpp Designed Realty

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  • Friday, Jul 25
    10am - 12pm

    67 Cascade Key, Bellevue, WA 98006

    $6,888,000

    • 4 Beds
    • 5 Baths
    • 5,498 Sq Ft
    • 67 Cascade Key

    Luxury waterfront living in Newport Shores. Iconic property offering 105 feet of waterfront. This exquisite home blends timeless architecture and stonework with refined updates. Thoughtfully designed for effortless indoor-outdoor living, main level opens to an expansive deck, a lush, level lawn, and coveted canal frontage-sheltered moorage and dock access for boating and water toys. Inside, enjoy

    Melissa Boucher Windermere Real Estate Midtown

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Distribution of Home Values

Source: Public Records

Homes for Sale

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Homes for Rent

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Interested in learning more about homes in this area? Reach out to Hailu Liu, an experienced agent in this neighborhood.

Average Home Value

Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
7,069
Median Age
41
Population Density
6 ppl/acre
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
14.8%
On par with the national average
19.1%

Finances

Median Household Income
$146,533
Significantly above the national average
$71,702
Average Household Income
$169,156

Education and Workforce

High School Graduates
96.6%
College Graduates
70.9%
Significantly above the national average
34.1%
Advanced Degrees
30.5%
Above the national average
13.3%
% Population in Labor Force
70.6%

Weather

Annual Precipitation
40''
Average Winter Low Temperature
36°F
Average Summer High Temperature
77°F
Annual Snowfall
8''

Area Factors

Somewhat Bikeable

Bike Score®

33 / 100

Car-Dependent

Walk Score®

42 / 100

Some Transit

Transit Score®

40 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Learn How Walk Score Works

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Reviews

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Washington King County Bellevue
Factoria
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Factoria
Hailu Liu
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Hailu Liu
Hailu Liu
RE/MAX Town Center
Agent experienced in this area
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