Listed by Windermere Bellevue Commons, Bought with Windermere Real Estate/East
$5,500,000
SOLD MAY 19, 2021
1.23 Acres
$4,471,545 Price per Acre
53,579 Sq Ft Lot

Recently Sold

$1,358 Per Sq Ft

5% Below List Price

19 Days on Market

Highlights

  • Waterfront Community
  • Lake View
  • Level Lot
  • Newport Heights Elementary School Rated A
  • Clubhouse

About This Lot

As of May 2021

Your waterfront life starts from here. Enjoy the breathtaking unobstructed southwest Lake WA views and glorious sunsets every day. This rare found spectacular street-to-water property has 115 ft of Lake WA waterfront, located in the coveted Newport Shores neighborhood. The property includes a dock and a very flat lot. Build a brand new luxurious dream mansion in this huge, level almost 1.25 Acre sunny lot. Enjoy the resort-like life every day. New Architect Design/Permit is included in the sale and is ready for the new owner to build. You won't find another opportunity like this. Excellent Bellevue Schools and close to everywhere.

Last Agent to Sell the Property

Janice Cai

Windermere Bellevue Commons License #117062 Listed on: 03/16/2021

Windermere Bellevue Commons

Last Buyer's Agent

Hao Dang

Windermere Real Estate/East License #48698

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1737170

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $35,412

Year Built

  • 1973

Lot Details

  • Level Lot

Property Views

  • Lake
  • City
  • Mountain

Listing and Financial Details

  • Assessor Parcel Number 6072800070

Community Details

Overview

  • Newport Shores Community
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Waterfront Community
  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$35,412

Year Built

1973

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 41 - Res-Over 1 Acre
  • Restrictions: CCAndR
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1973

Exterior Features

  • Road Information: Paved
  • View: City, Lake, Mountain
  • Waterfront: Bulkhead, Lake
  • Waterfront Frontage: 115
  • Water Jurisdiction: City of Bellevue

Utilities

  • Electricity: On Property
  • Gas Available: On Property
  • Sewer: On Property
  • Water: On Property

Condo/Co-op/Association

  • Community Name: Newport Shores
  • Community Features: CCRs, Clubhouse, Community Waterfront/Pvt Beach

Schools

  • Elementary School: Newport Heights Elem
  • Middle School: Tyee Mid
  • High School: Newport Snr High
  • School District: BE

Lot Info

  • General Zoning Classification: Residential
  • Lot Details: Paved Street
  • Lot Sq Ft: 53412
  • Parcel Number: 6072800070
  • Topography: Level
  • Zoning Jurisdiction: City

Tax Info

  • Tax Amount: 34217

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
May 17, 2021
Sold by
Wang Caiyong
Bought by
Shah Bharat and Shah Leena
Seller's Agent
Janice Cai
Windermere Bellevue Commons
Buyer's Agent
Hao Dang
Windermere Real Estate/East
List Price
$5,780,000
Sold Price
$5,500,000
Premium/Discount to List
-$280,000
-4.84%
Total Days on Market
19
Current Estimated Value
$5,167,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$332,396
Avg. Annual Appreciation
-1.53%

Purchase Details

Listed on
Jul 6, 2016
Closed on
Aug 18, 2016
Sold by
Pipers James T
Bought by
Wang Caiyong
Seller's Agent
Jennifer Harper
Coldwell Banker Bain
Buyer's Agent
Janice Cai
Windermere Bellevue Commons
List Price
$4,500,000
Sold Price
$4,300,000
Premium/Discount to List
-$200,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Oct 30, 1990
Sold by
Pipers and James T
Bought by
Pipers James T (Tr)
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $5,500,000 Chicago Title Company Of Wa
Warranty Deed $4,300,000 Chicago Title
Quit Claim Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $5,500,000 -4.8% $1,358 / Sq Ft
04/04/2021 04/04/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $5,780,000 +34.4% $1,427 / Sq Ft
09/01/2016 09/01/16 Sold $4,300,000 -4.4% $1,062 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
07/06/2016 07/06/16 For Sale $4,500,000 -- $1,111 / 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 $35,412 $4,831,000 $4,807,000 $24,000
2023 $36,953 $4,257,000 $4,236,000 $21,000
2022 $32,287 $5,224,000 $5,198,000 $26,000
2021 $34,217 $3,935,000 $3,909,000 $26,000
2020 $35,741 $3,866,000 $3,840,000 $26,000
2018 $38,280 $4,549,000 $3,417,000 $1,132,000
2017 $29,303 $4,162,000 $3,107,000 $1,055,000
2016 $25,311 $3,359,000 $2,508,000 $851,000
2015 $25,562 $2,880,000 $2,260,000 $620,000
2014 -- $2,880,000 $2,260,000 $620,000
2013 -- $2,880,000 $2,260,000 $620,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1737170

Northwest Multiple Listing Service (NWMLS)

APN: 607280-0070