Listed by Windermere Real Estate/East, Bought with ShopProp Inc.
NOT LISTED FOR SALE

22862 SE 5th Terrace Sammamish, WA 98074

Estimated Value: $1,241,000 - $1,330,402

4 Beds
4 Baths
2,431 Sq Ft
$529/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $1,250,000 $514 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,732/month

Highlights

  • Contemporary Architecture
  • Property is near public transit
  • Vaulted Ceiling
  • Samantha Smith Elementary School Rated A
  • Territorial View
  • Corner Lot

About This Home

As of October 2022

Urban living at its best in the Sammamish Town Center. Stunning modern 4 bedroom, plus bonus/office room, 4 bathrooms townhome built by luxury builder Ichijo USA. East facing corner location next to spacious courtyard for sunlight and privacy. Bright, airy feeling from high ceilings, large windows and territorial views. Upgrades thoughout: modern Japanese style cabinets, custom closet organizers, Air Conditioning, 2 car garage. Desirable location that is walking distance to Sammamish Commons, Metropolitan Market, restaurants, public transportation, sought after Lake Washington Schools. Great investment potential - No rental cap. Live/Work with ADA accessible large downstairs suite with private patio access.

Last Agent to Sell the Property

Stephen Tainter

Windermere Real Estate/East License #25037 Listed on: 08/19/2022

Windermere Real Estate/East

Last Buyer's Agent

ShopProp Realty

ShopProp Inc. License #18615

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1985048

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,635

Year Built

  • Built in 2018

Lot Details

  • 1,655 Sq Ft Lot
  • Open Space
  • Street terminates at a dead end
  • East Facing Home
  • Level Lot
  • Sprinkler System

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,431 Sq Ft Home
  • Multi-Level Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Territorial Views
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Accessible Approach with Ramp
  • Accessible Entrance

Outdoor Features

  • Patio

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Smith Elementary School
  • Inglewood Middle School
  • Eastlake High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 7889500680

Community Details

Overview

  • The Management Trust Mike Smyth Association
  • Secondary HOA Phone (425) 897-3400
  • Sammamish Townhomes Condos
  • Built by Ichijo
  • Sammamish Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Park

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,635

Year Built

Built in 2018

Lot Details

0

HOA Fees

$133 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 32 - Townhouse
  • Accessibility Features: Accessible Approach with Ramp, Accessible Bath, Accessible Bedroom, Accessible Entrance
  • Year Built: 2018
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Sammamish Townhomes
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 2431
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Lower
  • Fireplace Features: Gas
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood, Bath Off Primary, Double Pane/Storm Window, High Tech Cabling, Vaulted Ceiling(s), Walk-In Pantry
  • Living Area: 2431
  • Main Level Bedrooms: 1
  • Bathrooms: 3.25
  • BathsFullMain: 0
  • SquareFootageFinished: 2431
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Dead End Street, Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Builder Name: Ichijo
  • Direction Faces: East
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: Townhouse
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected, Common Area Maintenance, Road Maintenance, Snow Removal
  • HeatingCoolingType: Ductless HP-Mini Split,Wall
  • PowerCompany: Puget Sound Energy
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Community Features: CCRs, Park
  • Senior Community: No
  • Association Fee: 133
  • Association Fee Frequency: Monthly
  • Phone: 425-897-3400
  • Association: Yes
  • Common Interest: Residential
  • AssociationContactName: The Management Trust - Mike Smyth

Schools

  • Junior High Dist: Lake Washington
  • High School: Eastlake High
  • Middle Or Junior School: Inglewood Middle

Lot Info

  • Parcel Number: 7889500680
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.038
  • Lot Size Sq Ft: 1655
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Tax Records
  • MLSSquareFootageSource: Appraisal

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8635

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Smith Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Oct 7, 2022
Sold by
Bharal Kamal and Bharal Ritu
Bought by
Gajera Saumeel and Jain Ruchi
Seller's Agent
Stephen Tainter
Windermere Real Estate/East
Buyer's Agent
ShopProp Realty
ShopProp Inc.
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%
Current Estimated Value
$1,286,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,351
Avg. Annual Appreciation
0.96%
Original Mortgage
$1,000,000
Outstanding Balance
$966,495
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$319,856

Purchase Details

Closed on
May 22, 2018
Sold by
Ichijo Usa Co Ltd
Bought by
Bharal Kamal and Bharal Ritu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,960
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Gajera Saumeel -- First American Title
Bharal Kamal $869,950 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gajera Saumeel $1,000,000
Previous Owner Bharal Kamal $695,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2022 10/18/22 Sold $1,250,000 -3.8% $514 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/19/2022 08/19/22 For Sale $1,300,000 -- $535 / 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 $9,353 $1,091,000 $346,000 $745,000
2023 $10,417 $983,000 $304,000 $679,000
2022 $8,635 $1,329,000 $391,000 $938,000
2021 $7,831 $913,000 $280,000 $633,000
2020 $7,605 $756,000 $233,000 $523,000
2018 $2,196 $893,000 $233,000 $660,000
2017 -- $209,000 $209,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1985048

Northwest Multiple Listing Service (NWMLS)

APN: 788950-0680