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5502 173rd Avenue Southeast

5502 173rd Avenue Southeast, Bellevue, WA 98006
Property in Lakemont
Sold Jan 27, 2016
$1,425,000
$1,414,000 by Bank Of America Na
Mortgage Due Mar 01, 2052
Sold May 05, 2003
$970,000
$582,000 by Capitol Commerce Mtg Co
Mortgage Due May 01, 2033
5502 173rd Avenue Southeast has been categorized by the local assessors in Bellevue, WA as a residential type of property. The building on the property was first built in 1999 and is 25 years old. The home has a total of 5 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5502 173rd Avenue Southeast has 5,290 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement with daylight that is 1,460 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 14,525 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 690 sqft. According to our sources, there are a total of 2 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 A by the local assessor. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. 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. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 5502 173rd Avenue Southeast was last sold in Jan 22, 2016 for $1,425,000. According to our calculations, that's $238.29 per sqft. Prior to that sales transaction, the property was sold for $970,000 in Apr 29, 2003. Current property owners are expected to pay $19,218 in taxes per year. The property on 5502 173rd Avenue Southeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,175,000. To break that down further, the land itself was valued at $543,000. While improvements to the property were assessed at a total of $1,632,000. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: A
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 1,460
  • Garage Type: Attached
  • Garage Square Area: 690
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,525
  • Total Building Area: 5,980
  • Gross Building Area: 5,980
  • Building Area: 5,290
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 5,290
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKEMONT DIV NO. 09
  • Land Acres: 0.333
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKEMONT DIV NO 09 TGW UND INT IN TR B,J,K,L,R,T & U

Ownership

  • Current Owner : MARTINI SHAHM
  • Current Owner 2: MARTINI LORA L
  • Previous Owner : KIM HONG JOON
  • Previous Owner 2: KIM NAM JEONG
  • Owner Before Previous Owner: KUMAR RAJIV
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Issaquah School District
  • Census Tract: 025007

Zoning

  • Zoning: R-5

Geography

  • Account Number: 413950021001
  • District: BELLEVUE
  • Subdivision Tract Number: B
  • Parcel: 413950-0210
  • Lot: 21
  • Meridian: SEC 24 TWN 24 RNG 05
  • Municipality: BELLEVUE
  • Latitude: 47.5535
  • Longitude: -122.11

    Address

  • Full Address: 5502 173rd Ave Se
  • Address - House Number: 5502
  • Street Segment Direction: SE
  • Address - Street Name: 173rd
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Bellevue
  • Carrier Code: C009
  • 4-Digit Zip Code: 5944
  • Zip Code: 98006

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $19,218
  • Tax Rate Code Area: 0390

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 2,761,710
  • High Value: 3,203,395
  • Low Value: 2,320,024

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,414,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Feb 09, 2022
  • First Open Lien Mortgage Loan Amount: $1,414,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $2,175,000
  • Market Land Value: $543,000
  • Market Improvement Value: $1,632,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,175,000
  • Assessed Land Value: $543,000
  • Assessed Improvements Value: $1,632,000

    Sales

  • Current Sale Contract Date: Jan 22, 2016
  • Current Sale Recording Date: Jan 27, 2016
  • Current Sale Transaction ID: 1414421323
  • Current Sale Price: $1,425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20160127001363
  • Previous Sale Recording Date: May 05, 2003
  • Previous Sale Contract Date: Apr 29, 2003
  • Previous Sale Amount: $970,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jan 27, 2016
  • First Mortgage Loan Amount: $1,140,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: CAPITOL COMMERCE MTG CO
  • Previous Mortgage Transaction Date: May 05, 2003
  • Previous Mortgage Loan Amount: $582,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: May 01, 2033

About Cougar Mountain



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Frequently Asked Questions

What neighborhood is 5502 173rd Avenue Southeast located in?
The 5502 173rd Avenue Southeast is a located in the neighborhood of Lakemont in Cougar Mountain, Bellevue.
What is the average sales price for listings in 5502 173rd Avenue Southeast?
The average sales price for units in 5502 173rd Avenue Southeast is $0 currently.

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