Listed by Coldwell Banker Bain, Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

Estimated Value: $2,732,334 - $3,133,000

4 Beds
3.5 Baths
4,390 Sq Ft
$662/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $1,948,000 $444 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $17,666/month

7 Days on Market

Highlights

  • Wine Cellar
  • Lake View
  • Contemporary Architecture
  • Spiritridge Elementary School Rated A
  • Fireplace in Primary Bedroom
  • 5-minute walk to Lakemont Highlands Neighborhood Park

About This Home

As of January 2021

A jewel in The Summit’s crown... dazzling views of Newcastle & Rainier from EVERY important room. Dramatic vaulted foyer. Custom chef's kitchen with all the bells completed 11/2020. Fabulous layout w/den, master on main with cozy fireplace. Living/dining/kitchen & family rooms with walls of windows. Stunning lower level entertainment/bar zone enjoys expansive views as well ... wine cellar, huge storage room (could be workout area). Classy, lavish & level landscaping w/raised gardens, lounge areas off every bedroom, dramatic fire pit, A/C, VAC. Guard gate entry, clubhouse, pool. tennis, best schools, near markets, Starbucks & freeways. Enjoy a theater of sunrises and sunsets morning and evening !!!

Last Agent to Sell the Property

Mary Laing

Coldwell Banker Bain License #5339 Listed on: 11/23/2020

Coldwell Banker Bain

Last Buyer's Agent

Haibin Xie

Kelly Right RE of Seattle LLC License #127398

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1690170

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,043

Year Built

  • Built in 1990

Lot Details

  • 0.28 Acre Lot
  • Southwest Facing Home
  • Gated Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Garden

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Lake
  • Golf Course
  • Mountain

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 4,390 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Vaulted Ceiling
  • 3 Fireplaces
  • French Doors
  • Wine Cellar
  • Dining Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Schools

  • Eastgate Elementary School
  • Tillicum Mid Middle School
  • Newport Snr High School

Utilities

  • Central Air
  • Heat Pump System
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • Emb/Mgmt/Regina Association
  • Secondary HOA Phone (425) 948-5330
  • The Summit Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Senior Tax Exemptions
  • Assessor Parcel Number 8081020260

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,043

Year Built

Built in 1990

Lot Details

0

HOA Fees

$300 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1990
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,RangeOven,Refrigerator,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: The Summit
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 4390
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: true
  • Special Features: None
  • Cumulative Days on Market: 1,233

Interior Features

  • Fireplaces: 3
  • Basement: Daylight, Finished
  • Appliances: Dishwasher_, Double Oven, Dryer, GarbageDisposal_, Microwave_, RangeOven_, Refrigerator_, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Central A/C, Forced Air, Heat Pump, Tankless Water Heater, Ceramic Tile, Hardwood, Wall to Wall Carpet, Bath Off Primary, Built-In Vacuum, Double Pane/Storm Window, Dining Room, FireplaceinMstrBR, French Doors, Jetted Tub, Security System, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Wine Cellar, FirePlace, Water Heater
  • Living Area: 4390
  • Main Level Bedrooms: 1
  • Bathrooms: 3.25
  • BathsFullMain: 1
  • FireplacesMain: 2
  • SquareFootageFinished: 4390
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 3
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Range/Oven,Refrigerator,Washer
  • FireplacesLower: 1

Exterior Features

  • Roof: Cedar Shake
  • View: Golf Course, Lake, Mountain(s)
  • Lot Features: Corner Lot, Curbs, Paved
  • Pool Features: Community
  • View: Yes
  • Waterfront: No
  • Direction Faces: Southwest
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true
  • PoolType: Community

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: AttachedGarage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: SecurityGate, SecuritySystem, FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected, Common Area Maintenance, Road Maintenance, Snow Removal
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bellevue
  • WaterCompany: City of Bellevue
  • WaterHeaterLocation: lower level closet and storage
  • WaterHeaterType: gas

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 300
  • Association Fee Frequency: Monthly
  • Phone: 425-948-5330
  • Association: Yes
  • AssociationContactName: EMB/Mgmt/Regina

Schools

  • Junior High Dist: Bellevue
  • High School: Newport Snr High
  • Middle Or Junior School: Tillicum Mid

Lot Info

  • Parcel Number: 8081020260
  • Topography: Level
  • Lot Size Acres: 0.2772
  • Lot Size Sq Ft: 12073
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Gated Entry,Patio,Sprinkler System
  • MLSLotSizeSource: King County Tax
  • MLSSquareFootageSource: King County Tax
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 13043

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Eastgate Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Dec 30, 2020
Sold by
Erickson Phillip J and Erickson Laurie W
Bought by
Li Ang and Wang Jialu
Seller's Agent
Mary Laing
Coldwell Banker Bain
Buyer's Agent
Haibin Xie
Kelly Right RE of Seattle LLC
List Price
$1,948,000
Sold Price
$1,948,000
Current Estimated Value
$2,875,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$927,683
Avg. Annual Appreciation
8.86%
Original Mortgage
$1,345,700
Outstanding Balance
$1,214,519
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,661,164

Purchase Details

Closed on
Feb 15, 2007
Sold by
Walker Bruce K and Walker Jo
Bought by
Erickson Phillip J and Erickson Laurie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
6.21%

Purchase Details

Closed on
Aug 24, 1998
Sold by
Nihill Francis X
Bought by
Walker Bruce K and Walker Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
7%

Purchase Details

Closed on
Jan 6, 1993
Sold by
Nihill Daniele L
Bought by
Nihill Francis X
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
Li Ang $1,948,000 Rainier Title
Erickson Phillip J $1,100,000 Commonwealth L
Walker Bruce K $635,000 Chicago Title Insurance Co
Nihill Francis X -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Ang $1,345,700
Previous Owner Erickson Phillip J $433,000
Previous Owner Erickson Phillip J $183,000
Previous Owner Erickson Phillip J $800,000
Previous Owner Erickson Phillip J $880,000
Previous Owner Walker Bruce K $355,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $1,948,000 0.0% $444 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/23/2020 11/23/20 For Sale $1,948,000 -- $444 / 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
2024 $19,463 $2,654,000 $1,391,000 $1,263,000
2023 $16,520 $1,871,000 $1,112,000 $759,000
2022 $13,606 $2,334,000 $1,344,000 $990,000
2021 $13,101 $1,657,000 $940,000 $717,000
2020 $13,042 $1,479,000 $640,000 $839,000
2018 $13,354 $1,622,000 $655,000 $967,000
2017 $11,322 $1,451,000 $640,000 $811,000
2016 $10,123 $1,297,000 $572,000 $725,000
2015 $9,647 $1,151,000 $523,000 $628,000
2014 -- $1,086,000 $490,000 $596,000
2013 -- $964,000 $435,000 $529,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1690170

Northwest Multiple Listing Service (NWMLS)

APN: 808102-0260