Listed by Matrix Real Estate, LLC, Bought with Windermere Real Estate/East
NOT LISTED FOR SALE

8378 118th Ave SE Unit 3 Newcastle, WA 98056

Estimated Value: $2,065,000 - $2,278,000

5 Beds
4 Baths
3,972 Sq Ft
$542/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $2,100,000 $529 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $12,957/month

Highlights

  • New Construction
  • Deck
  • Corner Lot
  • Hazelwood Elementary School Rated 10
  • Territorial View
  • Walk-In Pantry

About This Home

As of April 2024

Terrace at May Creek-Lot 3 is our 3972 plan on a large corner lot that backs to protected green space. Main floor offers den/office, spacious & light-filled great room layout, 3/4 bath, and fireplace. The chef's kitchen features soft close cabinets, quartz counters, JennAir appliance package, SS farmhouse sink, & full height tile B/S. Huge covered deck w/outdoor fireplace. 2nd floor boasts primary,+ 3 more beds, huge bonus rm, & utility rm w/ washer/dryer included. Spacious primary and luxurious ensuite with floating vanity, heated floors, soaking tub, large shower, & walk-in closet. Lower-level walk out basement w/ bedroom and 3/4 bath. AC, full landscape, & car charging outlet. Great location close to 405, I-90, shopping, Lk. Wash.

Last Agent to Sell the Property

Kim Martinez

Matrix Real Estate, LLC License #78542 Listed on: 02/03/2024

Last Buyer's Agent

Susan T. Jones

Windermere Real Estate/East License #4750

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2196820

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,739

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 7,531 Sq Ft Lot
  • West Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Irrigation
  • Property is in very good condition

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,972 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Territorial Views
  • Storm Windows
  • Basement

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Schools

  • Hazelwood Elementary School
  • Risdon Middle School
  • Hazen Snr High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Heater

Community Details

  • Built by RM Homes
  • Newcastle Subdivision
  • The community has rules related to covenants, conditions, and restrictions
  • Electric Vehicle Charging Station

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 3346300251

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,739

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$70 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 2024
  • Buyer Agency Compensation: 2
  • Inclusions: Dishwashers,DoubleOven,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Terrace at May Creek
  • Unit Levels: Two
  • New Construction: Yes
  • CalculatedSquareFootage: 3972
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • EstimatedCompletionDate: 2024-04-19
  • NewConstruction: Under Construction
  • Special Features: NewHome

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate, Bath Off Primary, Double Pane/Storm Window, Walk-In Pantry, Walk-In Closet(s), Fireplace, Water Heater
  • Living Area: 3972
  • Bathrooms: 3.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 3972
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 4

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Builder Name: RM Homes
  • Direction Faces: West
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: Central A/C, Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: PSE?PUD
  • SewerCompany: Coal Creek Utility
  • WaterCompany: Coal Creek Utility
  • WaterHeaterLocation: garage
  • WaterHeaterType: electric

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 70
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Residential

Schools

  • Junior High Dist: Renton
  • High School: Hazen Snr High
  • Middle Or Junior School: Risdon Middle School

Lot Info

  • Parcel Number: 3346300251
  • Topography: Level,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.1729
  • Lot Size Sq Ft: 7531
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Electric Car Charging,Fenced-Partially,Irrigation,Patio
  • MLSLotSizeSource: Builder
  • MLSSquareFootageSource: Builder
  • ZoningJurisdiction: City
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2024

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Hazelwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2024
Closed on
Apr 15, 2024
Sold by
Rm Homes Llc
Bought by
Memarsadeghi Soroush and Haddad Amir Ali
Seller's Agent
Kim Martinez
Matrix Real Estate, LLC
Buyer's Agent
Susan T. Jones
Windermere Real Estate/East
List Price
$2,249,950
Sold Price
$2,100,000
Premium/Discount to List
-$149,950
-6.66%
Views
5
Current Estimated Value
$2,152,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,024
Avg. Annual Appreciation
1.71%
Original Mortgage
$1,500,000
Outstanding Balance
$1,476,985
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$675,039
Source: Public Records

Range of Values:

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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
Memarsadeghi Soroush $2,100,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Memarsadeghi Soroush $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2024 04/26/24 Sold $2,100,000 -6.7% $529 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
02/03/2024 02/03/24 For Sale $2,249,950 -- $566 / 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 $17,739 $1,981,000 $661,000 $1,320,000
2023 $5,751 $558,000 $558,000 $0
2022 $1,444 $678,000 $678,000 $0
2021 $1,444 $146,100 $146,100 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2196820

Northwest Multiple Listing Service (NWMLS)

APN: 334630-0251