Listed by Coldwell Banker Bain, Bought with eXp Realty
NOT LISTED FOR SALE

2659 Evergreen Point Rd Medina, WA 98039

Estimated Value: $4,674,000 - $11,407,955

4 Beds
3.5 Baths
4,600 Sq Ft
$1,848/Sq Ft Est. Value

Last Sold December 07, 2023

Last sale price $11,880,000 $2,583 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $50,837/month

110 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Wine Cellar
  • Medina Elementary School Rated A
  • Second Kitchen
  • Two Primary Bedrooms

About This Home

As of December 2023

Welcome to a truly exceptional property, nestled on Medina's illustrious Gold Coast. This remarkable street-to-water gated estate embodies elegance and grace, captivating all who lay eyes upon it. Resting on a lavish one-acre lot, the lakefront property boasts a 62FT of low-bank beach which features a 100FT boatdock & a tranquil beach-level cabana. Enjoy the 180°+ sweeping views of Lake Washington, Olympics Mountains, Seattle skyline & breathtaking sunsets. 4 bedrooms, floor-to-ceiling window-walls, grand contemporary kitchen with high-end appliances, 2nd chef's kitchen, office, family rec room and a large 4-car garage. Private showings by appointment only.

Last Agent to Sell the Property

Shelly Zhou

Coldwell Banker Bain License #108029 Listed on: 07/05/2023

Coldwell Banker Bain

Last Buyer's Agent

Ashima Agarwal

eXp Realty License #87396

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2135045

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,416

Year Built

  • Built in 1997

Lot Details

  • 1.06 Acre Lot
  • Low Bank Waterfront Property
  • 62 Feet of Waterfront
  • Lake Front
  • Dog Run
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • 4 Car Attached Garage

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Stucco

Interior Spaces

  • 4,600 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace
  • French Doors
  • Wine Cellar
  • Dining Room

Kitchen

  • Second Kitchen
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Docks
  • Patio
  • Gazebo

Location

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

Schools

  • Medina Elementary School
  • Chinook Mid Middle School
  • Bellevue High School

Utilities

  • Forced Air Heating and Cooling System
  • Smart Home Wiring
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Medina Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2425049165

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,416

Year Built

Built in 1997

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1997
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 4600
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet, Second Kitchen, Second Primary Bedroom, Bath Off Primary, Double Pane/Storm Window, Dining Room, French Doors, Security System, Skylight(s), SMART Wired, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Wine Cellar, Fireplace
  • Living Area: 4600
  • Bathrooms: 3.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 4600
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 3
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • NWM_NumberOfBathtubs: 3
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Flat
  • View: City, Lake, Mountain(s)
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront Features: Bank-High, Bank-Low, Lake
  • Waterfront: Yes
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true
  • WaterfrontFootage: 62
  • WaterAccess: Community Waterfront/Pvt Beach

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Central A/C, Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Tankless Water Heater
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Bellevue
  • WaterCompany: City of Bellevue

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellevue
  • High School: Bellevue High
  • Middle Or Junior School: Chinook Mid

Lot Info

  • Parcel Number: 2425049165
  • Topography: Level,SteepSlope
  • Land Lease: No
  • Lot Size Acres: 1.056
  • Lot Size Sq Ft: 45998
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Cable TV,Dock,Dog Run,Fenced-Partially,Gas Available,Gated Entry,Moorage,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Tax Info

  • Year: 2022
  • Tax Annual Amount: 57416

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Medina Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2023
Closed on
Nov 15, 2023
Sold by
Yuan David and Wang Ying Ingrid
Bought by
Cheng Yushou and Liu Yuanli
Seller's Agent
Shelly Zhou
Coldwell Banker Bain
Buyer's Agent
Ashima Agarwal
eXp Realty
List Price
$14,500,000
Sold Price
$11,880,000
Premium/Discount to List
-$2,620,000
-18.07%
Views
285
Current Estimated Value
$8,499,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,380,682
Avg. Annual Appreciation
-12.67%
Original Mortgage
$7,128,000
Outstanding Balance
$7,009,684
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$2,287,324

Purchase Details

Listed on
Dec 12, 2020
Closed on
Jan 7, 2021
Sold by
Kwan Edward K and Kwan Shau Ha
Bought by
Yuan David and Wang Ying Ingrid
Seller's Agent
Shelly Zhou
Coldwell Banker Bain
Buyer's Agent
Shelly Zhou
Coldwell Banker Bain
List Price
$9,600,000
Sold Price
$7,700,000
Premium/Discount to List
-$1,900,000
-19.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.13%

Purchase Details

Closed on
Jun 13, 1996
Sold by
Anderson Daniel H and Anderson Helen M
Bought by
Kwan Edward K and Kwan Shau Ha
Source: Public Records

Range of Values:

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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
Cheng Yushou $11,880,000 Rainier Title
Yuan David $7,700,000 Rainier Title
Kwan Edward K $975,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Yushou $7,128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2023 12/07/23 Sold $11,880,000 -18.1% $2,583 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
07/05/2023 07/05/23 For Sale $14,500,000 +88.3% $3,152 / Sq Ft
01/12/2021 01/12/21 Sold $7,700,000 -19.8% $1,674 / Sq Ft
12/26/2020 12/26/20 Pending -- -- --
12/12/2020 12/12/20 For Sale $9,600,000 -- $2,087 / 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 $69,297 $9,921,000 $7,976,000 $1,945,000
2023 $65,432 $9,120,000 $7,441,000 $1,679,000
2022 $57,416 $9,640,000 $8,296,000 $1,344,000
2021 $54,528 $7,056,000 $6,266,000 $790,000
2020 $54,983 $6,179,000 $5,487,000 $692,000
2018 $42,750 $5,410,000 $3,100,000 $2,310,000
2017 $37,992 $4,820,000 $2,763,000 $2,057,000
2016 $36,473 $4,559,000 $2,540,000 $2,019,000
2015 $34,723 $4,218,000 $2,350,000 $1,868,000
2014 -- $3,981,000 $2,220,000 $1,761,000
2013 -- $3,442,000 $1,953,000 $1,489,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2135045

Northwest Multiple Listing Service (NWMLS)

APN: 242504-9165