NOT LISTED FOR SALE

5563 Lakemont Blvd SE Unit 1305 Bellevue, WA 98006

Cougar Mountain Neighborhood

Estimated Value: $703,000 - $797,000

2 Beds
1 Bath
1,370 Sq Ft
9.82 Acres

Last Sold March 08, 2021

Last sale price $658,180 $480 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,440/month

Highlights

  • Contemporary Architecture
  • Territorial View
  • 1 Fireplace
  • Cougar Ridge Elementary School Rated A
  • Wood Flooring
  • 5-minute walk to Lewis Creek Picnic Area

About This Home

As of March 2021

Nice & bright newer 2 story unit w/2 BR/2.25 Baths, balcony, attached garage + private driveway parking in the desirable Lakemont Community of Satomi. Open plan w/spacious kitchen+living & dining w/cozy gas fireplace & gleaming Hwood floor. Upgrades: SS appliances + built-in closet system. Satomi Community sits on a lush 10+ acres on Cougar Mountain. Enjoy natural park views either from your balcony, by the fireplace in living room or the generous size master BR. Suburban conveniences at its best - an easy stroll to local Lakemont Village for groceries & coffee etc... yet only steps from Lewis Creek & Lakemont Highlands Parks + Quick access to I-90 & I-405 for Downtown Bellevue, Issaquah & Seattle etc... Well managed HOA w/NO Rental Cap.

Last Agent to Sell the Property

Jessica Lum

Windermere Real Estate/East License #16295 Listed on: 01/28/2021

Windermere Real Estate/East

Co-Listed By

Shan Hu

Windermere Bellevue Commons License #131243

Last Buyer's Agent

Debbie Lin

COMPASS License #116767

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1721889

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,658

Year Built

  • Built in 2001

Lot Details

  • Open Space
  • Street terminates at a dead end

Parking

  • Garage

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1 Bathroom
  • 3-Story Property
  • 1 Fireplace
  • Territorial Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Assessor Parcel Number 7566000580

Community Details

Overview

  • 6 Units
  • Lakemont Community

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,658

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 31 - Condo (2 Levels)
  • Architecture: Contemporary
  • Entrance Level: Main
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Bathrooms: 2.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 1370

Exterior Features

  • Construction Methods: Standard Frame
  • Exterior: Cement Planked
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Numberof Assigned Spaces: 2
  • Parking Type: Individual Garage

Utilities

  • Heating And Cooling: Forced Air

Condo/Co-op/Association

  • Numberof Units in Building: 6
  • Numberof Units In Complex: 85
  • HOA Fees: 458
  • Community Name: Lakemont
  • Project: Satomi
  • Cats And Dogs: Subj To Restrictions
  • Manager Contact Information: Loralynn Helm (425) 880-3843
  • Common Property Features: Athletic Court, Outside Entry, Trails
  • Home Owner Dues Included: Water/Sewer, Common Area Maintenance
  • Unit Features: Balcony/Deck/Patio, Insulated Windows, Master Bath, Top Floor, Vaulted Ceilings, Walk-In Closet

Schools

  • Elementary School: Cougar Ridge Elem
  • Middle School: Issaquah Mid
  • High School: Issaquah High
  • School District: ISS

Lot Info

  • Lot Details: Curbs, Dead End Street, Open Space, Paved Street, Sidewalk
  • Parcel Number: 7566000580

Tax Info

  • Tax Amount: 5105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Mar 1, 2021
Sold by
Wang Xin and Wu Hongjin
Bought by
Chen Darak and Wang Yu Ching
Seller's Agent
Jessica Lum
Windermere Real Estate/East
Buyer's Agent
Debbie Lin
COMPASS
List Price
$600,000
Sold Price
$658,180
Premium/Discount to List
$58,180
9.7%
Current Estimated Value
$748,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,170
Avg. Annual Appreciation
2.83%
Original Mortgage
$526,544
Outstanding Balance
$472,009
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$276,341

Purchase Details

Listed on
Nov 12, 2015
Closed on
Jan 13, 2016
Sold by
Satomi Owners Association
Bought by
Wang Xin and Wu Hongjin
Seller's Agent
Stephanie Frost
Frost Home Team
Buyer's Agent
Betty Dong
John L. Scott, Inc.
List Price
$369,950
Sold Price
$400,000
Premium/Discount to List
$30,050
8.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$300,000
Interest Rate
3.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2011
Sold by
Oh Young P
Bought by
Satomi Owners Association

Purchase Details

Closed on
Jun 14, 2005
Sold by
Khoo Philip K and Khoo Jessica
Bought by
Oh Young P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2002
Sold by
Satomi Llc
Bought by
Khoo Philip K and Khoo Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,150
Interest Rate
5.12%
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
Chen Darak $658,180 Cw Title
Wang Xin $400,000 Cw Title Co
Satomi Owners Association -- None Available
Oh Young P $310,000 Chicago Title
Khoo Philip K $273,990 Washington Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Darak $526,544
Previous Owner Wang Xin $300,000
Previous Owner Oh Young P $248,000
Previous Owner Khoo Philip K $219,150
Closed Oh Young P $46,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2021 03/08/21 Sold $658,180 +9.7% $480 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $600,000 +50.0% $438 / Sq Ft
01/21/2016 01/21/16 Sold $400,000 +8.1% $292 / Sq Ft View Prior Sale
11/18/2015 11/18/15 Pending -- -- --
11/13/2015 11/13/15 For Sale $369,950 -- $270 / 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 $5,658 $663,000 $62,200 $600,800
2023 $4,851 $754,000 $62,200 $691,800
2022 $4,669 $620,000 $62,200 $557,800
2021 $4,918 $504,000 $57,400 $446,600
2020 $5,105 $496,000 $57,400 $438,600
2018 $3,991 $495,000 $53,600 $441,400
2017 $3,521 $390,000 $53,600 $336,400
2016 $3,053 $356,000 $53,600 $302,400
2015 $3,243 $312,000 $53,600 $258,400
2014 -- $327,000 $52,600 $274,400
2013 -- $222,000 $47,900 $174,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1721889

Northwest Multiple Listing Service (NWMLS)

APN: 756600-0580