Listed by Skyline Properties, Inc., Bought with DCL Management, LLC
NOT LISTED FOR SALE

8431 Ridge Rd Medina, WA 98039

Estimated Value: $6,864,000 - $7,722,000

4 Beds
4.5 Baths
5,930 Sq Ft
$1,235/Sq Ft Est. Value

Last Sold November 09, 2020

Last sale price $5,430,000 $916 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $43,621/month

6 Days on Market

Highlights

  • Sauna
  • RV Access or Parking
  • Granite Flooring
  • Medina Elementary School Rated A
  • Lake View
  • 4-minute walk to Viewpoint Park

About This Home

As of November 2020

A newly renovated "timeless" gem nestled in sought-after Medina Heights. Stunning views of Lake Washington, city & mountains. High ceilings, ample natural light, top brand Chef's kitchen appliances, large waterfall island & white oak hardwood floors throughout. This modern luxury home has extravagant master suite, 3 en-suits, entertainment room w/ bar & balcony, gym room, cedar sauna & theater. Smart Home Wi-Fi, 2 ACs, solar panels & large backup generator. Top schools, convenient to everywhere.

Last Agent to Sell the Property

Jie Liu

Skyline Properties, Inc. License #116776 Listed on: 08/11/2020

Skyline Properties, Inc.

Co-Listed By

Vitaly Veresko

TEC Real Estate Inc. License #2411

Last Buyer's Agent

Jonathan Lai

DCL Management, LLC License #119708

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1644993

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,769

Year Built

  • Built in 1995

Lot Details

  • 0.25 Acre Lot
  • Partially Fenced Property
  • Sloped Lot
  • Sprinkler System
  • Fruit Trees
  • Garden
  • Zoning described as City of Medina

Parking

  • 3 Car Attached Garage
  • RV Access or Parking

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,930 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Skylights
  • 2 Fireplaces
  • French Doors
  • Dining Room
  • Sauna
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Granite
  • Slate Flooring

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Deck
  • Patio

Schools

  • Medina Elementary School
  • Chinook Mid Middle School
  • Bellevue High School

Utilities

  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • Medina Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 3
  • Assessor Parcel Number 6447300145

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,769

Year Built

Built in 1995

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1995
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,RangeOven,Refrigerator,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: 3
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 5930
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 37

Interior Features

  • Fireplaces: 2
  • Basement: Daylight
  • Appliances: Double Oven, Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Engineered Hardwood, Granite, Hardwood, Slate, Carpet
  • Interior Amenities: Hardwood, Bath Off Primary, Built-In Vacuum, Double Pane/Storm Window, Dining Room, Fireplace (Primary Bedroom), French Doors, High Tech Cabling, Sauna, Security System, Skylight(s), Water Heater
  • Living Area: 5930
  • Bathrooms: 4.25
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 5930
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 1
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Range/Oven,Refrigerator,Washer

Exterior Features

  • Roof: Composition
  • View: City, Lake, Mountain(s), See Remarks
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Security System, Fully Fenced
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Solar PV
  • PowerCompany: PSE
  • SewerCompany: City of Bellevue
  • WaterCompany: City of Bellevue
  • WaterHeaterLocation: Daylight Basement
  • WaterHeaterType: Gas

Schools

  • Junior High Dist: Bellevue
  • High School: Bellevue High
  • Middle Or Junior School: Chinook Mid

Lot Info

  • Parcel Number: 6447300145
  • Topography: PartialSlope
  • Lot Size Acres: 0.2507
  • Lot Size: 0.25 acres / 10,920 SF
  • Lot Size Sq Ft: 10920
  • Zoning Description: City of Medina
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Patio,RV Parking,Sprinkler System
  • MLSLotSizeSource: King County Tax
  • MLSSquareFootageSource: King County
  • ZoningJurisdiction: City
  • LotNumber: 3

Green Features

  • Green Power: Solar
  • Power Production Type: Solar PV

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 33769

MLS Schools

  • Elementary School: Medina Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Nov 2, 2020
Sold by
Ding Jing
Bought by
Lai Chunwan and Lai Dershaiun
Seller's Agent
Jie Liu
Skyline Properties, Inc.
Buyer's Agent
Jonathan Lai
DCL Management, LLC
List Price
$5,199,950
Sold Price
$5,430,000
Premium/Discount to List
$230,050
4.42%
Current Estimated Value
$7,361,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,931,408
Avg. Annual Appreciation
6.40%
Original Mortgage
$3,000,000
Outstanding Balance
$2,698,314
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$4,591,375

Purchase Details

Listed on
Mar 10, 2015
Closed on
Jun 19, 2015
Sold by
Lutz Helmut and Lutz Brigitte M
Bought by
Ding Jing
Seller's Agent
Joy Stewart
Windermere Bellevue Commons
Buyer's Agent
Jie Liu
Skyline Properties, Inc.
List Price
$3,888,000
Sold Price
$3,250,000
Premium/Discount to List
-$638,000
-16.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%

Purchase Details

Closed on
Sep 25, 2007
Sold by
Lutz Helmut
Bought by
Lutz Helmut and Lutz Brigitte M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2002
Sold by
Lutz Brigitte
Bought by
Lutz Helmut

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
5.37%

Purchase Details

Closed on
Mar 7, 2001
Sold by
Lutz Brigitte
Bought by
Lutz Helmut

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.37%

Purchase Details

Closed on
Aug 11, 2000
Sold by
Kline Donald F and Kline Janice R
Bought by
Lutz Helmut

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
8%

Purchase Details

Closed on
Aug 10, 2000
Sold by
Lutz Brigitte
Bought by
Lutz Helmut

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
8%

Purchase Details

Closed on
Jul 12, 1994
Sold by
Hamilton William R and Hamilton Anne M
Bought by
Kline Donald F and Kline Janice R
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Lai Chunwan $5,430,000 First American Title
Ding Jing $3,250,000 First American
Lutz Helmut -- Commonwealth L
Lutz Helmut -- Commonwealth Land Title
Lutz Helmut -- Chicago Title
Lutz Helmut $735,000 Chicago Title
Lutz Helmut $1,465,000 Chicago Title
Lutz Helmut -- Chicago Title
Kline Donald F $525,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai Dershaiun $1,100,000
Open Lai Chunwan $3,000,000
Previous Owner Lutz Helmut $412,000
Previous Owner Lutz Helmut $417,000
Previous Owner Lutz Helmut $695,000
Previous Owner Lutz Helmut $700,000
Previous Owner Lutz Helmut $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $5,430,000 +4.4% $916 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $5,199,950 +60.0% $877 / Sq Ft
06/26/2015 06/26/15 Sold $3,250,000 -8.1% $548 / Sq Ft
05/26/2015 05/26/15 Pending -- -- --
05/06/2015 05/06/15 Price Changed $3,538,000 -4.1% $597 / Sq Ft
04/06/2015 04/06/15 Price Changed $3,688,000 -5.1% $622 / Sq Ft
03/10/2015 03/10/15 For Sale $3,888,000 -- $656 / 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 $39,801 $5,697,000 $3,204,000 $2,493,000
2023 $39,302 $5,237,000 $2,989,000 $2,248,000
2022 $35,257 $5,918,000 $3,333,000 $2,585,000
2021 $33,487 $4,332,000 $2,518,000 $1,814,000
2020 $33,769 $3,794,000 $2,205,000 $1,589,000
2018 $39,398 $4,985,000 $1,925,000 $3,060,000
2017 $32,327 $4,442,000 $1,716,000 $2,726,000
2016 $31,035 $3,879,000 $1,578,000 $2,301,000
2015 -- $3,589,000 $1,460,000 $2,129,000
2014 -- $3,387,000 $1,379,000 $2,008,000
2013 -- $2,928,000 $1,213,000 $1,715,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1644993

Northwest Multiple Listing Service (NWMLS)

APN: 644730-0145