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5308 245th Avenue Northeast

5308 245th Avenue Northeast, Redmond, WA 98053
Sold Nov 22, 2021
$1,437,000
$1,077,750 by Axia Financial Llc
Mortgage Due Dec 01, 2051
Sold Apr 07, 2017
$786,000
$500,000 by United Wholesale Mortgage
Mortgage Due May 01, 2047
5308 245th Avenue Northeast has been categorized by the local assessors in Redmond, WA as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 5308 245th Avenue Northeast has 1,910 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 72,352 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 890 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The building on the property is connected to a sewer system. 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, 5308 245th Avenue Northeast sold most recently in Nov 8, 2021 for a total of $1,437,000. If you work out the math, that's approximately a cost of $513.21 per sqft. Before that, the property was also sold for $786,000 in Mar 31, 2017. 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 $9,968 in taxes each year. 5308 245th Avenue Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $996,000. If we break it down further, the land itself was valued at $470,000. Improvements to the property, however, were assessed at a total of $526,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 890
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 72,352
  • Total Building Area: 2,800
  • Gross Building Area: 2,800
  • Building Area: 1,910
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,910
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SP 980468
  • Land Acres: 1.661
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 2 KCSP #984068 REC #8705040488 SD SP DAF LOT 3 KCSP #1277105 REC #7906040930 BEING A POR OF - BEG NW COR OF SW 1/4 OF NW 1/4 SEC 14-25-6 TH S 69-30-59 E 1336.04 FT TO NE COR OF SW 1/4 OF NW 1/4 TH S 11-36-15 W 617.43 FT TH N 71-48-59 W 1332 FT TH

Ownership

  • Current Owner : VEERAMACHANENI JIDESH
  • Current Owner 2: YUEH MEI WEN
  • Previous Owner : NICHOLS CHARLES A
  • Previous Owner 2: NICHOLS CHRISTINA D
  • Owner Before Previous Owner: TOZER DAVID L
  • Owner Before Previous Owner 2: TOZER JOANNE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Washington School District
  • Census Tract: 032315

Zoning

  • Zoning: RA5

Geography

  • Account Number: 142506910504
  • Parcel: 142506-9105
  • Lot: 2,3
  • Municipality: KING COUNTY
  • Latitude: 47.6556
  • Longitude: -122.012

    Address

  • Full Address: 5308 245th Ave Ne
  • Address - House Number: 5308
  • Street Segment Direction: NE
  • Address - Street Name: 245th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Redmond
  • Carrier Code: C056
  • 4-Digit Zip Code: 2529
  • Zip Code: 98053

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $9,968
  • Tax Rate Code Area: 7380

    Appraisal Valuation

  • Standard Deviation: 0.1639
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 1,286,499
  • High Value: 1,497,451
  • Low Value: 1,075,546

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,077,750
  • First Open Lien Mortgage Lender: AXIA FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Nov 22, 2021
  • First Open Lien Mortgage Loan Amount: $1,077,750
  • 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: Dec 01, 2051

    Market Valuation

  • Market Total Value: $996,000
  • Market Land Value: $470,000
  • Market Improvement Value: $526,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $996,000
  • Assessed Land Value: $470,000
  • Assessed Improvements Value: $526,000

    Sales

  • Current Sale Contract Date: Nov 08, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Transaction ID: 11869255844
  • Current Sale Price: $1,437,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211122000390
  • Previous Sale Recording Date: Apr 07, 2017
  • Previous Sale Contract Date: Mar 31, 2017
  • Previous Sale Amount: $786,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AXIA FINANCIAL LLC
  • First Mortgage Transaction Date: Nov 22, 2021
  • First Mortgage Loan Amount: $1,077,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • Previous Mortgage Transaction Date: Apr 07, 2017
  • Previous Mortgage Loan Amount: $500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: May 01, 2047

About Union Hill-Novelty Hill



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Frequently Asked Questions

What neighborhood is 5308 245th Avenue Northeast located in?
The 5308 245th Avenue Northeast is a located in the neighborhood of Union Hill-Novelty Hill in Union Hill-Novelty Hill, Redmond.
What is the average sales price for listings in 5308 245th Avenue Northeast?
The average sales price for units in 5308 245th Avenue Northeast is $0 currently.

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