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5214 116th Avenue Southeast

5214 116th Avenue Southeast, Bellevue, WA 98006
Property in Newport Hills
Sold Oct 12, 2021
$1,280,007
$776,250 by Summit Funding Inc
Mortgage Due Nov 01, 2051
Local assessors in Bellevue, WA have categorized 5214 116th Avenue Southeast as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 9,339 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 3 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 5214 116th Avenue Southeast has a total of 2,320 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 990 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 attached garage for those who need a place to park their vehicle. The garage on the property is 570 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 a unknown so you'll have a great option in the 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 - B. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5214 116th Avenue Southeast was last sold in Oct 7, 2021 for $1,280,007. According to our calculations, that's $408.95 per sqft. Current property owners are expected to pay $8,579 in taxes per year. The property on 5214 116th Avenue Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,054,000. To break that down further, the land itself was valued at $657,000. While improvements to the property were assessed at a total of $397,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 990
  • Garage Type: Attached
  • Garage Square Area: 570
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,339
  • Total Building Area: 3,130
  • Gross Building Area: 3,130
  • Building Area: 2,320
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,320
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NEWPORT HILLS NO. 02
  • Land Acres: 0.214
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NEWPORT HILLS # 2 PLAT BLOCK: 7 PLAT LOT: 12

Ownership

  • Current Owner : ZHANG JIAQI
  • Current Owner 2: CHEN XIAOJING
  • Previous Owner : HAMPEL LA VERNE R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bellevue School District
  • Census Tract: 024701

Zoning

  • Zoning: R-5

Geography

  • Account Number: 607120053006
  • District: BELLEVUE
  • Parcel: 607120-0530
  • Block: 7
  • Lot: 12
  • Meridian: SEC 21 TWN 24 RNG 05
  • Municipality: BELLEVUE
  • Latitude: 47.5563
  • Longitude: -122.184

    Address

  • Full Address: 5214 116th Ave Se
  • Address - House Number: 5214
  • Street Segment Direction: SE
  • Address - Street Name: 116th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Bellevue
  • Carrier Code: C046
  • 4-Digit Zip Code: 3316
  • Zip Code: 98006

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $8,579
  • Tax Rate Code Area: 0381

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 1,313,880
  • High Value: 1,507,295
  • Low Value: 1,120,465

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $776,250
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Oct 12, 2021
  • First Open Lien Mortgage Loan Amount: $776,250
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $1,054,000
  • Market Land Value: $657,000
  • Market Improvement Value: $397,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,054,000
  • Assessed Land Value: $657,000
  • Assessed Improvements Value: $397,000

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Transaction ID: 11859452960
  • Current Sale Price: $1,280,007
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211012000588

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: Oct 12, 2021
  • First Mortgage Loan Amount: $776,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

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Frequently Asked Questions

What neighborhood is 5214 116th Avenue Southeast located in?
The 5214 116th Avenue Southeast is a located in the neighborhood of Newport Hills in Newport Hills, Bellevue.
What is the average sales price for listings in 5214 116th Avenue Southeast?
The average sales price for units in 5214 116th Avenue Southeast is $0 currently.

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