Listed by Paragon Real Estate Advisors
$7,500,000
PENDING $250K PRICE DROP

Estimated payment $42,272/month

Total Views 9,333
0.99 Acre
$7,596,475 Price per Acre
43,007 Sq Ft Lot

About This Lot

Preliminary study to develop 18 townhomes on nearly one acre of developable land that spreads across four parcels. The site also presents a great opportunity for an assisted living facility due to its location and increased density. First time this property has been on the market in over 40 years. Currently there are two single family rental properties and a World for Kids daycare that bring in rental income. The rental income will help cover the property taxes during the permitting process for a new development. All tenants are on month-to-month leases and will not interfere with the potential development. The site is less than one mile from Downtown Bellevue, providing easy access to a thriving business district home to major employers.

Listing Agent

Ben Douglas

Paragon Real Estate Advisors License #22013305 Listed on: 01/13/2025

Co-Listing Agent

Michael Urquhart

Paragon Real Estate Advisors License #135356

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2322171

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,381

Lot Details

  • 0.99 Acre Lot
  • 573960-1505,573960-1510,573960-1520

Community Details

  • No Home Owners Association
  • Bellevue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5739601500

Property Details

Property Type

Land

Est. Annual Taxes

$33,381

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Pending
  • Prev Status: Pending
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Road Surface Type: See Remarks
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: See Remarks

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: Available
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available, Natural Gas Available
  • ElectricityStatus: Available
  • GasStatus: Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellevue

Lot Info

  • Parcel Number: 5739601500
  • Lot Size Acres: 0.9873
  • Lot Size Sq Ft: 43006
  • Additional Parcels Description: 573960-1505,573960-1510,573960-1520
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City

Tax Info

  • Year: 2024
  • Tax Annual Amount: 33381

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2025 05/20/25 Pending -- -- --
04/09/2025 04/09/25 Price Changed $7,500,000 -3.2% --
03/24/2025 03/24/25 For Sale $7,750,000 0.0% --
02/17/2025 02/17/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $7,750,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2322171

Northwest Multiple Listing Service (NWMLS)