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8 Newport Key

8 Newport Key, Bellevue, WA 98006
Property in Newport Shores
Sold Dec 21, 2021
$2,080,000
$1,352,000 by First Financial Northwest Bank
Mortgage Due Jan 01, 2052
Sold May 30, 2017
$1,520,000
$912,000 by First Financial Northwest Bank
Mortgage Due Jun 01, 2047
8 Newport Key in Bellevue, WA was first built in 1977 and is 47 years old. Although, the building on the property was most recently renovated and altered in 2003. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 8 Newport Key has 2,780 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 14,886 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 550 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. As for heating, the home is utilizing a forced air unit and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 8 Newport Key sold most recently in Dec 2, 2021 for a total of $2,080,000. If you work out the math, that's approximately a cost of $624.62 per sqft. Before that, the property was also sold for $1,520,000 in May 10, 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 $16,394 in taxes each year. 8 Newport Key was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,097,000. If we break it down further, the land itself was valued at $1,058,000. Improvements to the property, however, were assessed at a total of $1,039,000. 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: 1977
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: A
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 550
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,886
  • Total Building Area: 3,330
  • Gross Building Area: 3,330
  • Building Area: 2,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,780
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NEWPORT DIV NO. 03
  • Land Acres: 0.342
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NEW PORT DIV # 3 PLAT BLOCK: 3 PLAT LOT: 1

Ownership

  • Current Owner : GAO GE
  • Current Owner 2: WONG MELIN LARN
  • Previous Owner : LI TAO
  • Previous Owner 2: LIU XIN
  • Owner Before Previous Owner: CHENG LIJUN
  • Owner Before Previous Owner 2: GONG ZHAOHUA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bellevue School District
  • Census Tract: 023902

Zoning

  • Zoning: R-2.5

Geography

  • Account Number: 606531044000
  • District: BELLEVUE
  • Parcel: 606531-0440
  • Block: 3
  • Lot: 1
  • Meridian: SEC 16 TWN 24 RNG 05
  • Municipality: BELLEVUE
  • Latitude: 47.5718
  • Longitude: -122.183

    Address

  • Full Address: 8 Newport Ky
  • Address - House Number: 8
  • Address - Street Name: Newport
  • Address - Suffix Type: Ky
  • State: WA
  • City Name: Bellevue
  • Carrier Code: C005
  • 4-Digit Zip Code: 1036
  • Zip Code: 98006

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $16,394
  • Tax Rate Code Area: 0330

    Appraisal Valuation

  • Standard Deviation: 0.1639
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 2,261,897
  • High Value: 2,632,742
  • Low Value: 1,891,052

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,352,000
  • First Open Lien Mortgage Lender: FIRST FINANCIAL NORTHWEST BANK
  • First Open Lien Mortgage Recording Date: Dec 21, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,352,000
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $2,097,000
  • Market Land Value: $1,058,000
  • Market Improvement Value: $1,039,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,097,000
  • Assessed Land Value: $1,058,000
  • Assessed Improvements Value: $1,039,000

    Sales

  • Current Sale Contract Date: Dec 02, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Transaction ID: 11875483865
  • Current Sale Price: $2,080,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20211221001084
  • Previous Sale Recording Date: May 30, 2017
  • Previous Sale Contract Date: May 10, 2017
  • Previous Sale Amount: $1,520,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FINANCIAL NORTHWEST BANK
  • First Mortgage Transaction Date: Dec 21, 2021
  • First Mortgage Loan Amount: $1,352,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FINANCIAL NORTHWEST BANK
  • Previous Mortgage Transaction Date: May 30, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $912,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Factoria



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Frequently Asked Questions

What neighborhood is 8 Newport Key located in?
The 8 Newport Key is a located in the neighborhood of Newport Shores in Factoria, Bellevue.
What is the average sales price for listings in 8 Newport Key?
The average sales price for units in 8 Newport Key is $0 currently.

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