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2540 118th Avenue Southeast

2540 118th Avenue Southeast, Bellevue, WA 98005
Property in Richards Valley
Sold Apr 24, 2014
$663,000
$499,000 by Wells Fargo Bank Na
Mortgage Due May 01, 2044
Sold Jun 23, 2003
$342,387
$273,900 by First Technology Cu
Mortgage Due Jul 01, 2018
Local assessors in Bellevue, WA have categorized 2540 118th Avenue Southeast as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 12,019 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2540 118th Avenue Southeast has a total of 1,830 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement with daylight that is 1,130 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2540 118th Avenue Southeast sold most recently in Apr 22, 2014 for a total of $663,000. If you work out the math, that's approximately a cost of $285.78 per sqft. Before that, the property was also sold for $342,387 in Jun 19, 2003. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,788 in taxes each year. 2540 118th Avenue Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,251,000. If we break it down further, the land itself was valued at $1,103,000. Improvements to the property, however, were assessed at a total of $148,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 1,130
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,019
  • Total Building Area: 2,320
  • Gross Building Area: 2,320
  • Building Area: 1,830
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,830
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NORWOOD VILLAGE ADD
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORWOOD VILLAGE ADD LESS POR 8 NLY OF LN RNG FR MOST ELY COR TO PT ON NWLY LN 33.54 FT SWLY OF MOST NLY COR TGW POR 9 LY NWLY OF LN RNG FR PT ON S LN 7 FT SELY OF MOST WLY COR TH NELY TAP ON N LN 15 FT SELY OF MOST NLY COR

Ownership

  • Current Owner : VERNAU GRAHAM A
  • Current Owner 2: VERNAU ELIZABETH E H
  • Previous Owner : SENF MICHAEL
  • Previous Owner 2: SENF MONIKA
  • Owner Before Previous Owner: LAMONT DAVID M
  • Owner Before Previous Owner 2: LAMONT SUSAN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bellevue School District
  • Census Tract: 023500

Zoning

  • Zoning: R-3.5

Geography

  • Account Number: 620550016104
  • District: BELLEVUE
  • Parcel: 620550-0161
  • Block: B
  • Lot: 8-9
  • Meridian: SEC 09 TWN 24 RNG 05
  • Municipality: BELLEVUE
  • Latitude: 47.588
  • Longitude: -122.176

    Address

  • Full Address: 2540 122nd Ave Se
  • Address - House Number: 2540
  • Street Segment Direction: SE
  • Address - Street Name: 122nd
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Bellevue
  • Carrier Code: C016
  • 4-Digit Zip Code: 4125
  • Zip Code: 98005

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $9,788
  • Tax Rate Code Area: 0330

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 1,489,586
  • High Value: 1,728,951
  • Low Value: 1,250,221

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $499,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 24, 2014
  • First Open Lien Mortgage Loan Amount: $499,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2044

    Market Valuation

  • Market Total Value: $1,251,000
  • Market Land Value: $1,103,000
  • Market Improvement Value: $148,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,251,000
  • Assessed Land Value: $1,103,000
  • Assessed Improvements Value: $148,000

    Sales

  • Current Sale Contract Date: Apr 22, 2014
  • Current Sale Recording Date: Apr 24, 2014
  • Current Sale Transaction ID: 1004774211
  • Current Sale Price: $663,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20140424001411
  • Previous Sale Recording Date: Jun 23, 2003
  • Previous Sale Contract Date: Jun 19, 2003
  • Previous Sale Amount: $342,387
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Apr 24, 2014
  • First Mortgage Loan Amount: $499,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: FIRST TECHNOLOGY CU
  • Previous Mortgage Transaction Date: Jun 23, 2003
  • Previous Mortgage Loan Amount: $273,900
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2018

About Richards Valley



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Frequently Asked Questions

What neighborhood is 2540 118th Avenue Southeast located in?
The 2540 118th Avenue Southeast is a located in the neighborhood of Richards Valley in Richards Valley, Bellevue.
What is the average sales price for listings in 2540 118th Avenue Southeast?
The average sales price for units in 2540 118th Avenue Southeast is $0 currently.

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