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For Sale 6 Days Online
$7,750,000
43,006 Sqft Lot
No Garage
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.
Offer Review
Will review offers when submitted
Listing source NWMLS MLS #
2322171
Listed by
Ben Douglas, Paragon Real Estate Advisors
Michael Urquhart, Paragon Real Estate Advisors
Contact our
Bellevue
Real Estate Lead
John L. Scott
Phone...
Property History
Jan 13, 2025
Listed
$7,750,000
NWMLS #2322171
More
Listing Details
  • Status
    For Sale
  • Price
    $7,750,000
  • Original Price
    Same as current
  • List Date
    January 13, 2025
  • Last Status Change
    January 14, 2025
  • Last Update
    January 14, 2025
  • Days on Market
    6 Days
  • Cumulative DOM
    7 Days
  • $/sqft (Total)
    --
  • $/sqft (Finished)
    /sqft
  • Listing Source
  • MLS Number
    2322171
  • Listing Broker
    Ben Douglas
  • Listing Office
    Paragon Real Estate Advisors
Monthly Payment Estimate
  • Principal and Interest
    $40,626 / month
  • Property Taxes
    $2,782 / month
  • Homeowners Insurance
    $481 / month
  • TOTAL
    $43,889 / month

  • based on 20% down
    ($1,550,000)
  • and a
    6.85% Interest Rate
  • About:
    All calculations are estimates only and provided by Mainview LLC. Actual amounts will vary.
Property Details
  • Sqft (Total)
    0 sqft
  • Sqft (Finished)
    0 sqft
  • Sqft (Unfinished)
    None
  • Property Type
    Parcel
  • Sub Type
    Res-Less than 1 Acre
  • Bedrooms
    Bedrooms
  • Bathrooms
    0 Bathrooms
  • Lot
    43,006 sqft Lot
  • Lot Size Source
    King County
  • Lot #
    Unspecified
  • Project
    Unspecified
  • Total Stories
    Unspecified
  • Sqft Source
    Unspecified
Property Tax Info
  • 2024 Property Taxes
    $33,381 / year
  • No Senior Exemption
Public Parcel Data & Maps
Schools
  • School District
    Bellevue
  • Elementary
    Unspecified
  • Middle
    Unspecified
  • High School
    Unspecified
HOA
  • HOA Dues
    Unspecified
  • Fees Assessed
    Unspecified
  • HOA Dues Include
    Unspecified
  • HOA Contact
    Unspecified
  • Management Contact
Parking
  • Covered
    Unspecified
  • Has Garage
    No
Construction
  • Home Builder
    Unspecified
Cooling
Heating
Interior
Property
Appliances
Terms
  • 3rd Party Approval Required)
    No
  • Bank Owned (REO)
    No
  • Complex FHA Availability
    Unspecified
  • Potential Terms
    Cash Out
    Conventional
Utilities
  • Sewer
    Available
  • Water Source
    Available
Additional Info
  • Waterfront
    No
  • Air Conditioning (A/C)
    No
  • Buyer Broker's Compensation
    2.0%
  • MLS Area #
    Area 520
  • Number of Photos
    9
  • Last Modification Time
    Monday, January 13, 2025 5:02 PM
  • System Listing ID
    5392875
Update Info
  • First For Sale
    2025-01-13 17:15:31
Listing details based on information submitted to the MLS GRID as of Monday, January 13, 2025 5:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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For Sale 6 Days Online
$7,750,000  
Offer Review: Anytime
NWMLS #2322171. Ben Douglas, Paragon Real Estate Advisors
Map
 
Listing information is provided by the listing agent except as follows: BuilderB indicates that our system has grouped this listing under a home builder name that doesn't match the name provided by the listing broker. DevelopmentD indicates that our system has grouped this listing under a development name that doesn't match the name provided by the listing broker.