Listed by COMPASS, Bought with Windermere Mercer Island
NOT LISTED FOR SALE

17450 NE 40th Place Unit E-1 Redmond, WA 98052

Viewpoint Neighborhood

Estimated Value: $1,002,000 - $1,085,000

2 Beds
2 Baths
1,740 Sq Ft
$812/mo HOA Fee

Last Sold April 12, 2024

Last sale price $1,060,000 $609 Per Sq Ft

Current estimated payment $7,250/month

3 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Boat Dock
  • Gated Community
  • John J. Audubon Elementary School Rated A
  • Fitness Center
  • Lake View

About This Home

As of April 2024

Welcome to Lake Villas, a resort-like waterfront community on West Lake Sammamish. This 2 bedroom condo with an additional den/office offers stunning lake views and privacy, with one covered parking space (additional spaces for rent). Tastefully updated kitchen with new cabinets, backsplash, and appliances, updated bathrooms, new floors and paint throughout, spacious en-suite with a walk-in closet, laundry room, wet bar, and more provide everything you need for lakefront living. The gated community features mature landscaping, an outdoor pool, hot tub, sauna, clubhouse, gym, and a private dock—all easily accessible from your large patio. Walking distance to Idylwood park and the new light rail station, step in to your new lakeside paradise.

Last Agent to Sell the Property

Berkeley Lipetz

COMPASS License #22021446 Listed on: 03/06/2024

COMPASS

Co-Listed By

Ethan Kahn

COMPASS License #21026709

Last Buyer's Agent

Fred Fox

Windermere Mercer Island License #119349

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2206351

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $414

Year Built

  • Built in 1975

Lot Details

  • Low Bank Waterfront Property
  • Lake Front
  • Open Space
  • Street terminates at a dead end
  • East Facing Home
  • Private Yard
  • Yard

HOA Fees

  • $812 Monthly HOA Fees

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,740 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Lake Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Carport

Outdoor Features

  • Docks
  • Balcony
  • Patio

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Senior Tax Exemptions
  • Assessor Parcel Number 4099700250

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, garbage, lawn service, road maintenance, sewer, water
  • 60 Units
  • Tyler Weaver Association
  • Secondary HOA Phone (425) 786-4017
  • Lake Villas Condos
  • Idylwood Subdivision
  • Park Phone (425) 786-4017 | Manager Tyler Weaver

Amenities

  • Sauna
  • Clubhouse
  • Game Room
  • Recreation Room

Recreation

  • Boat Dock
  • Mooring Area
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$414

Year Built

Built in 1975

Lot Details

0

HOA Fees

$812 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1975
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Villas
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1740
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: true
  • DwellingType: Detached
  • NumberOfAccessStairs: 5
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Ground Floor,Primary Bath,Walk-in Closet,Yard
  • Special Features: VirtualTour
  • Cumulative Days on Market: 509

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Balcony/Deck/Patio, Yard, Cooking-Electric, Fireplace, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 3
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • StorageLocation: Deck
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Dead End Street, Open Space, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront Features: Bank-Low, Lake, No Bank
  • Waterfront: Yes
  • Direction Faces: East
  • Exterior Features: Wood
  • Structure Type: Multi Family
  • ViewFrom: Unit
  • WaterAccess: Community Waterfront/Pvt Beach,Deeded Access

Garage/Parking

  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Parking Features: Carport
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: E-1

Utilities

  • Security: SecurityGate
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric
  • WaterHeaterLocation: Laundry
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Community Features: Club House, Dock, Exercise Room, Game/Rec Rm, Gated, High Speed Int Avail, Hot Tub, Moorage, Outside Entry, Pool, Sauna
  • Park Manager Name: Tyler Weaver
  • Park Manager Phone: 425-786-4017
  • Senior Community: No
  • Association Fee: 812
  • Association Fee Frequency: Monthly
  • Phone: 425-786-4017
  • Association: Yes
  • Pets Allowed: Subj to Restrictions
  • AssociationContactName: Tyler Weaver
  • CommonPropertyFeatures: Clubhouse,Dock,Exercise Room,Game/Rec Rm,Gated Entry,High Speed Int Avail,Hot Tub,Moorage,Outside Entry,Pool-Outdoor,Sauna

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Garbage, Lawn Service, Road Maintenance, Sewer, Water
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Lake Washington

Lot Info

  • Parcel Number: 4099700250
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • RentalCap: No Rental Cap
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 414

Multi Family

  • Number Of Units In Community: 60
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Apr 10, 2024
Sold by
Ann M Horrobin Living Trust and Wittmeier Pamela
Bought by
Streelman Matthew Thomas and Modad Yvette Marie
Seller's Agent
Berkeley Lipetz
COMPASS
Buyer's Agent
Fred Fox
Windermere Mercer Island
List Price
$1,095,000
Sold Price
$1,060,000
Premium/Discount to List
-$35,000
-3.2%
Views
18
Current Estimated Value
$1,062,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,041
Avg. Annual Appreciation
0.14%
Original Mortgage
$785,000
Outstanding Balance
$774,711
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$287,330

Purchase Details

Closed on
Jan 20, 2022
Sold by
Horrobin Ann M
Bought by
Ann M Horrobin Living Trust

Purchase Details

Closed on
Nov 19, 1987
Sold by
Federal National Mtg Assn
Bought by
Horrobin William G and Horrobin Ann M
Source: Public Records

Range of Values:

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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
Streelman Matthew Thomas $1,060,000 First American Title Insurance
Ann M Horrobin Living Trust $313 Zenith Law Group Pllc
Horrobin William G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Streelman Matthew Thomas $785,000
Previous Owner Horrobin William G $840,000
Previous Owner Horrobin William G $250,000
Previous Owner Horrobin William G $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $1,060,000 -3.2% $609 / Sq Ft
03/09/2024 03/09/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $1,095,000 -- $629 / 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 $7,943 $1,010,000 $176,800 $833,200
2023 $448 $991,000 $176,800 $814,200
2022 $520 $815,000 $157,100 $657,900
2021 $556 $718,000 $157,100 $560,900
2020 $553 $258,000 $39,200 $218,800
2018 $606 $258,000 $39,200 $218,800
2017 $648 $605,000 $117,800 $487,200
2016 $661 $531,000 $102,100 $428,900
2015 $677 $478,000 $98,200 $379,800
2014 -- $438,000 $98,200 $339,800
2013 -- $360,000 $98,200 $261,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2206351

Northwest Multiple Listing Service (NWMLS)

APN: 409970-0250