NOT LISTED FOR SALE

521 Redmond Fall City Rd SE Redmond, WA 98053

Estimated Value: $2,857,000 - $2,944,000

6 Beds
5 Baths
7,280 Sq Ft
$398/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $5,250,000 $721 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $17,461/month

211 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Barn
  • Spa
  • Fall City Elementary School Rated A
  • Stables
  • RV Access or Parking

About This Home

As of October 2016

This gracious, private estate sits on nearly 68 impeccably maintained acres. Stately trees, mature gardens, and a vineyard. Scenic stone walls and a perfectly designed waterfall frame a French country inspired home. While the setting is rustic the design exudes casual sophistication: a magnificent kitchen, expansive wine cellar, solarium, lofted library round out this space. A European stone terrace with a wood fired pizza oven. A world away but an easy commute to Seattle, Redmond, and beyond.

Last Agent to Sell the Property

Sam Cunningham

COMPASS License #23132 Listed on: 03/21/2016

COMPASS

Last Buyer's Agent

Jessica Lum

Windermere Real Estate/East License #16295

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1043812

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,083

Year Built

  • Built in 2002

Lot Details

  • Low Bank Waterfront Property
  • Open Space
  • Street terminates at a dead end
  • Gated Home
  • Property is Fully Fenced
  • Secluded Lot
  • Terraced Lot
  • Sprinkler System
  • Fruit Trees
  • Wooded Lot
  • Garden

Property Views

  • River
  • Lake
  • Creek or Stream
  • Mountain
  • Territorial

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 3 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • RV Access or Parking

Accessible Home Design

  • Disabled Access

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Well
  • Septic System
  • Cable TV Available

Community Details

  • Aldarra Community

Listing and Financial Details

  • Assessor Parcel Number 2962080000

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,083

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Traditional
  • Homebuilder: Custom
  • Building Information: Additional Dwelling, Built On Lot
  • Entrance Level: Main
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, 2nd Master Br, Wine Cellar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Disabled Access, French Doors, High Tech Cabling, Hot Tub/Spa, Loft, Skylights, Solarium/Atrium, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 6
  • Bedrooms: 6.00
  • Main Floor Bedrooms: 5
  • Lower Level Bedroom: 1
  • Bathrooms: 4.50
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 4
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 4
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Lower
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 5700
  • Square Footage Finished: 7280

Exterior Features

  • Exterior: Cement/Concrete, Stone, Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Mountain, River, Territorial
  • Waterfront: Bank-Low, Creek, Lake

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 8

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Heat Pump
  • Septic Approved for Number of Bedrooms: 6
  • Sewer: Septic
  • Water Heater: BAsement-GAs
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Aldarra
  • Project: Aldarra

Schools

  • School District: LKW

Lot Info

  • Lot Details: Dead End Street, Open Space, Secluded
  • Lot Sq Ft: 1664033
  • Lot Topography Vegetation: Equestrian, Fruit Trees, Garden Space, Partial Slope, Pasture, Terraces, Wooded
  • Parcel Number: 2962080000
  • Zoning Jurisdiction: County
  • Lot Topography: Equestrian, Fruit Trees, Garden Space, Partial Slope, Pasture, Terraces, Wooded

Rental Info

  • Monthly Rentif Rented: 8000

Tax Info

  • Tax Amount: 27800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2016
Closed on
Oct 7, 2016
Sold by
Texas Hold Em Llc
Bought by
Storybook Farms Llc
Seller's Agent
Sam Cunningham
COMPASS
Buyer's Agent
Jessica Lum
Windermere Real Estate/East
List Price
$3,895,000
Sold Price
$5,250,000
Premium/Discount to List
$1,355,000
34.79%
Current Estimated Value
$2,896,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,353,753
Avg. Annual Appreciation
-6.40%

Purchase Details

Closed on
Aug 27, 2007
Sold by
Condit Philip M and Condit Geda Maso
Bought by
Texas Holdem Llc

Purchase Details

Closed on
Jul 25, 2005
Sold by
Condit Philip M
Bought by
Condit Philip M and Condit Geda Maso
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
Storybook Farms Llc $5,250,000 Cw Title Co
Texas Holdem Llc -- None Available
Condit Philip M -- None Available
Condit Philip M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2016 10/18/16 Sold $5,250,000 +34.8% $721 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $3,895,000 -- $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 $25,083 $2,331,000 $652,000 $1,679,000
2023 $20,462 $1,792,000 $512,000 $1,280,000
2022 $19,171 $2,252,000 $629,000 $1,623,000
2021 $18,211 $1,556,000 $435,000 $1,121,000
2020 $17,564 $1,326,000 $387,000 $939,000
2018 $19,113 $1,255,000 $375,000 $880,000
2017 $17,330 $1,329,000 $429,000 $900,000
2016 $16,652 $1,217,000 $393,000 $824,000
2015 $15,148 $1,145,000 $370,000 $775,000
2014 -- $1,128,000 $356,000 $772,000
2013 -- $984,000 $311,000 $673,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1043812

Northwest Multiple Listing Service (NWMLS)

APN: 312507-9011