Listed by Windermere Real Estate/East, Bought with COMPASS
NOT LISTED FOR SALE

17498 NE 40th Place Unit I-1 Redmond, WA 98052

Viewpoint Neighborhood

Estimated Value: $468,000 - $932,000

2 Beds
2 Baths
1,600 Sq Ft
$617/mo HOA Fee

Last Sold August 11, 2020

Last sale price $760,000 $475 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,356/month

4 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Waterfront
  • John J. Audubon Elementary School Rated A
  • Lake View
  • 5.78 Acre Lot

About This Home

As of August 2020

The lake is at your fingertips from this Lake Villas sanctuary w/ deeded moorage. Walk out your door & hop in your boat, lounge by the pool & watch the sunset paddle in hand. This sleek remodeled unit shines w/ quality upgrades throughout incl. a brand new kitchen, baths, flooring, lighting & more. Begin & end your day w/ soothing lake views from the luxe master suite. Private gated community w/ pool, cabana & exercise facility. 2 dedicated parking spaces. Located just 1 mile from Microsoft.

Last Agent to Sell the Property

John Kritsonis

Windermere Real Estate/East License #11374 Listed on: 06/25/2020

Windermere Real Estate/East

Co-Listed By

Karl Lindor

Windermere Real Estate/East License #105475

Last Buyer's Agent

Berkeley Lipetz

COMPASS License #22021446

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1620742

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,130

Year Built

  • Built in 1975

Lot Details

  • Waterfront
  • End Unit
  • Street terminates at a dead end
  • Private Yard

HOA Fees

  • $617 Monthly HOA Fees

Property Views

  • Lake
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Insulated Windows

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport

Outdoor Features

  • Balcony

Location

  • Ground Level Unit
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Audubon Elementary School
  • Rose Hill Middle School
  • Lake Wash High School

Utilities

  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Senior Tax Exemptions
  • Assessor Parcel Number 4099701050

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, security, snow removal, water/sewer
  • 60 Units
  • Tyler Weaver Association
  • Lake Villas Condos
  • Lake Sammamish Subdivision
  • Park Phone (425) 786-4017 | Manager Best Management

Amenities

  • Clubhouse
  • Game Room
  • Recreation Room

Recreation

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

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,130

Year Built

Built in 1975

Lot Details

0

HOA Fees

$617 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1975
  • Inclusions: Dishwasher,GarbageDisposal,Microwave,RangeOven,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake Villas
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1600
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: true
  • DwellingType: Attached
  • NumberOfAccessStairs: 5
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Ground Floor,Insulated Windows,Primary Bath,Walk-in Closet,Yard
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Yard, Cooking-Electric, Dryer-Electric, Washer, 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,Garbage Disposal,Microwave,Range/Oven,Refrigerator
  • WindowCoverings: Included

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Dead End Street
  • View: Yes
  • Waterfront: Yes
  • Exterior Features: Wood
  • Structure Type: Multi Family
  • BusLineNearby: true
  • BusRouteNumber: 249

Garage/Parking

  • Carport Y N: Yes
  • Garage Yn: No
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 34 and I-1

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Security Gate, Security Service
  • Utilities: Electricity Available, Garbage, Snow Removal, Water/Sewer
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Exercise Room, Game/Rec Rm, Hot Tub, Moorage, Pool
  • Park Manager Name: Best Management
  • Park Manager Phone: 425-786-4017
  • Association Fee: 617
  • Association Fee Frequency: Monthly
  • AssociationContactName: Tyler Weaver
  • CommonPropertyFeatures: ClubHouses,Exercise Room,Game/Rec Rm,High Speed Int Avail,Hot Tub,Moorage,Pool-Outdoor,Security Gate

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Security, Snow Removal, Water/Sewer

Schools

  • Junior High Dist: Lake Washington
  • High School: Lake Wash High
  • Middle Or Junior School: Rose Hill Middle

Lot Info

  • Parcel Number: 4099701050
  • Lot Size Acres: 5.7828
  • Lot Size Sq Ft: 251900
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: KCAR

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6130

Multi Family

  • Number Of Units In Community: 60
  • UnitsInBuildingTotal: 6

MLS Schools

  • Elementary School: Audubon Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Jul 30, 2020
Sold by
Quick Dale and Quick Karen
Bought by
Lipetz Berkeley J and Lipetz Janus L
Seller's Agent
John Kritsonis
Windermere Real Estate/East
Buyer's Agent
Berkeley Lipetz
COMPASS
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%
Current Estimated Value
$701,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,626
Avg. Annual Appreciation
-1.54%
Original Mortgage
$722,000
Outstanding Balance
$641,647
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$59,727

Purchase Details

Closed on
Mar 5, 2014
Sold by
Nielsen Darren and Nielsen Jessica A
Bought by
Quick Dale and Quick Karen

Purchase Details

Closed on
Sep 10, 1987
Sold by
Pace Equity Plus I Ltd Ps
Bought by
Storms Thomas R and Storms Christine L
Source: Public Records

Range of Values:

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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
Lipetz Berkeley J $760,000 Fidelity National Title
Quick Dale -- Fidelity National Title
Storms Thomas R $101,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipetz Berkeley J $722,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2020 08/11/20 Sold $760,000 +1.3% $475 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $750,000 -- $469 / 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 $255 $30,000 $3,900 $26,100
2023 $239 $30,000 $3,900 $26,100
2022 $275 $30,000 $3,500 $26,500
2021 $119 $30,000 $3,500 $26,500
2020 $118 $11,000 $3,500 $7,500
2018 $122 $11,000 $3,000 $8,000
2017 $118 $11,000 $2,600 $8,400
2016 $119 $11,000 $2,200 $8,800
2015 $123 $11,000 $2,200 $8,800
2014 -- $11,000 $2,200 $8,800
2013 -- $11,000 $2,200 $8,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1620742

Northwest Multiple Listing Service (NWMLS)

APN: 409970-1050