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

7007 116th Ave SE Newcastle, WA 98056

Estimated Value: $950,000 - $1,085,000

2 Beds
1 Bath
1,070 Sq Ft
$959/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $1,050,000 $981 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,205/month

4 Days on Market

Highlights

  • 0.68 Acre Lot
  • Property is near public transit
  • No HOA
  • Hazelwood Elementary School Rated 10
  • Secluded Lot
  • 3-minute walk to Madison Lane Park

About This Home

As of July 2024

Exceptional development opportunity in a desirable Newcastle, residential setting. Bring your Builders, Developers, and Investors to this 29,700sq ft west facing property nicely situated in an established community. Pre-app complete with the city for a 3 lot short plat served by a private lane, and with water/sewer certs obtained. Or, use as a blank canvas to create your one of a kind estate on this generously sized lot. Easy access to 405 and minutes to I-90, Factoria Mall, downtown Bellevue, and a wealth of nearby amenities. Value is in the land!

Last Agent to Sell the Property

Kirk Running

Windermere R.E. Northeast, Inc License #30227 Listed on: 05/02/2024

Windermere R.E. Northeast, Inc

Last Buyer's Agent

Andrew Wenzl

Windermere Real Estate/East License #123369

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2215658

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,018

Year Built

  • Built in 1951

Lot Details

  • 0.68 Acre Lot
  • Partially Fenced Property
  • Secluded Lot
  • Sloped Lot
  • Value in Land

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,070 Sq Ft Home
  • 1-Story Property
  • Natural lighting in basement

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Location

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

Community Details

  • No Home Owners Association
  • Newcastle Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3343300060

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,018

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1951
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1070
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 429

Interior Features

  • Basement: Daylight
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: No
  • Living Area: 1070
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 1070
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Secluded, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Sewer: Available
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other – See Remarks
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Coal Creek Utilities
  • WaterCompany: Coal Creek Utilities

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Renton
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3343300060
  • Topography: PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.6818
  • Lot Size Sq Ft: 29700
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8018

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Jul 9, 2024
Sold by
Jurasek Curt G
Bought by
Tuscany Construction Llc
Seller's Agent
Kirk Running
Windermere R.E. Northeast, Inc
Buyer's Agent
Andrew Wenzl
Windermere Real Estate/East
List Price
$1,050,000
Sold Price
$1,050,000
Views
8
Current Estimated Value
$1,026,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,839
Avg. Annual Appreciation
-1.94%
Original Mortgage
$950,000
Interest Rate
7.03%
Mortgage Type
New Conventional
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
Tuscany Construction Llc $1,050,000 Wfg National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tuscany Construction Llc $450,000
Open Tuscany Construction Llc $1,000,000
Closed Tuscany Construction Llc $250,000
Closed Tuscany Construction Llc $950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $1,050,000 0.0% $981 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $1,050,000 -- $981 / 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 $7,884 $808,000 $763,000 $45,000
2023 $7,054 $681,000 $644,000 $37,000
2022 $6,880 $871,000 $782,000 $89,000
2021 $4,876 $638,000 $588,000 $50,000
2020 $4,753 $426,000 $338,000 $88,000
2018 $4,854 $436,000 $352,000 $84,000
2017 $4,080 $383,000 $309,000 $74,000
2016 $4,024 $328,000 $276,000 $52,000
2015 $3,311 $310,000 $261,000 $49,000
2014 -- $265,000 $264,000 $1,000
2013 -- $237,000 $236,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2215658

Northwest Multiple Listing Service (NWMLS)

APN: 334330-0060