Listed by Real Residential, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $2,117,000 - $2,566,165

0.2 Acre
$11,427,363 Price per Acre
8,820 Sq Ft Lot

Last Sold December 20, 2016

Last sale price $625,000

Est. 265% increase in value since last sale

Current estimated payment $14,078/month

12 Days on Market

Highlights

  • Lake View
  • Clubhouse
  • Corner Lot
  • Somerset Elementary School Rated A

About This Lot

As of December 2016

Build you Dream Home in beautiful Somerset. Rare opportunity to purchase a vacant lot and enjoy the City views of Seattle and Bellevue, as well as Lake Washington and the Cascade range. Seller will provide survey report and architectural renderings of a potential home that meets the view guidelines from Somerset, to fuel your imagination of your new home. Home to the east of property is occupied, not for sale, please respect the property line at the retaining wall.

Last Agent to Sell the Property

Dicker Cahill

Real Residential License #111115 Listed on: 11/15/2016

Real Residential

Last Buyer's Agent

Jiawei Rong

Skyline Properties, Inc. License #117523

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1052421

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,806

Lot Details

  • 8,820 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Zoning described as City of Bellevue

Property Views

  • Lake
  • City
  • Mountain

Schools

  • Somerset Elementary School
  • Tyee Mid Middle School
  • Newport Snr High School

Utilities

  • Sewer in Street

Listing and Financial Details

  • Legal Lot and Block 15 / 3
  • Assessor Parcel Number 7855800530

Community Details

Overview

  • Association fees include common area maintenance
  • Somerset #8 Condos
  • Somerset Subdivision

Amenities

  • Clubhouse

Property Details

Property Type

Land

Est. Annual Taxes

$3,806

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Somerset #8
  • CalculatedSquareFootage: 0
  • Restrictions: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 1,251

Interior Features

  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: City, Lake, Mountain(s)
  • Lot Features: Corner Lot, Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • RoadOnWhichSide: Corner lot North/West
  • WaterJurisdiction: City of Bellevue

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Available, In Street
  • Water Source: Available
  • Electricity On Property: Yes
  • Utilities: Common Area Maintenance, Natural Gas Available, Electricity Connected
  • ElectricityStatus: Available
  • GasStatus: Available

Condo/Co-op/Association

  • Community Features: Club House
  • Senior Community: No
  • Association Fee: 6

Fee Information

  • Association Fee Includes: Common Area Maintenance

Schools

  • Junior High Dist: Bellevue
  • High School: Newport Snr High
  • Middle Or Junior School: Tyee Mid

Lot Info

  • Parcel Number: 7855800530
  • Topography: Level
  • Lot Size Acres: 0.2025
  • Lot Size Sq Ft: 8820
  • Zoning Description: City of Bellevue
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Survey
  • ZoningJurisdiction: City
  • LotNumber: 15

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3806

MLS Schools

  • Elementary School: Somerset Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2018
Sold by
Park Gloria and Seo Churl Won
Bought by
Knoben Eric and Dion Marissa
Current Estimated Value
$2,282,416

Purchase Details

Listed on
Nov 15, 2016
Closed on
Dec 19, 2016
Sold by
Eriksen Charles Martin
Bought by
Park Gloria
Seller's Agent
Dicker Cahill
Real Residential
Buyer's Agent
Jiawei Rong
Skyline Properties, Inc.
List Price
$628,000
Sold Price
$625,000
Premium/Discount to List
-$3,000
-0.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.60%
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 Buyer Sale Price Title Company
Knoben Eric $700,000 Ticor Title
Park Gloria -- Cw Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knoben Eric $554,000
Closed Knoben Eric $550,000
Closed Knoben Eric $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2016 12/20/16 Sold $625,000 -0.5% --
11/27/2016 11/27/16 Pending -- -- --
11/15/2016 11/15/16 For Sale $628,000 -- --
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 $17,667 $2,409,000 $1,233,000 $1,176,000
2023 $18,118 $2,132,000 $1,020,000 $1,112,000
2022 $14,926 $2,560,000 $1,232,000 $1,328,000
2021 $14,365 $1,818,000 $862,000 $956,000
2020 $13,294 $1,622,000 $587,000 $1,035,000
2018 $4,866 $650,000 $650,000 $0
2017 $4,127 $528,000 $528,000 $0
2016 $3,806 $472,000 $472,000 $0
2015 $3,604 $432,000 $432,000 $0
2014 -- $405,000 $405,000 $0
2013 -- $360,000 $360,000 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1052421

Northwest Multiple Listing Service (NWMLS)

APN: 785580-0530