Sold

Listed by: Paragon Real Estate Advisors • Michael Urquhart

Bought with: Paragon Real Estate Advisors

$2,765,000

1301 Bellevue Way SE, Bellevue, WA 98004

--beds

--baths

5,782sqft

Quadruplex, Multi Family

Built in 1980

-- sqft lot

$2,868,900 Zestimate^®

$478/sqft

$2,620 Estimated rent

Home value

$2,868,900

$2.58M - $3.21M

$2,620/mo

Zestimate^® history

Owner options

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$2,620/mo

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$2,620/mo

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$16,884/mo

Est. payment

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$16,884/mo

Est. payment

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What's special

This rare opportunity sits on a large 20,897 square foot lot zoned R-10 on a quiet, residential street in one of the most desired cities in the Puget Sound area. The Bellevue Fourplex consists of two large three bedroom two and a half bath townhouse units and two large three bedroom two bath townhouse units ranging in size from 1,339 to 1,552 square feet. One of the four units has just undergone a complete renovation that highlights the upside potential for the other three units. These two-story units have private patios, fireplaces, and in-unit washer and dryer. The zoning presents the opportunity to develop four homes on the property with comparable homes trading around $2.3M each (buyer to verify).

Facts & features

Interior

Heating

Radiant, Electric

Cooling

None

Features

Has fireplace: No

Interior area

Total structure area: 5,782
Total interior livable area: 5,782 sqft

Property

Parking

Total spaces: 8
Parking features: Open
Carport spaces: 4
Uncovered spaces: 4

Lot

Size: 0.48 Acres

Details

Parcel number: 2213000075
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family

Materials

Stucco
Roof: Built-Up

Condition

Year built: 1980

Utilities & green energy

Sewer: Sewer Connected

Community & HOA

Community

Subdivision: Bellevue

Location

Region: Bellevue

Financial & listing details

Price per square foot: $478/sqft
Tax assessed value: $1,976,000
Annual tax amount: $17,289
Offers reviewed: 05/22/2024
Date on market: 6/12/2024
Cumulative days on market: 770 days
Listing terms: Conventional

Price history

Date	Event	Price
6/21/2024	Sold	$2,765,000+8.4%$478/sqft
Source: NWMLS as distributed by MLS GRID #2238299 Report a problem
5/27/2024	Pending sale	$2,550,000$441/sqft
Source: NWMLS as distributed by MLS GRID #2238299 Report a problem
5/15/2024	Listed for sale	$2,550,000$441/sqft
Source: NWMLS as distributed by MLS GRID #2238299 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$14,697 +8%	$1,976,000 +6.6%
2024	$13,602 -21.4%	$1,854,000 -16.3%
2023	$17,308 +9.9%	$2,214,000 -0.5%
2022	$15,750 +0.1%	$2,225,000 +16.1%
2021	$15,738 -4.9%	$1,917,000 +2.6%
2020	$16,551 +3.9%	$1,869,000 +2.3%
2019	$15,924 +22.6%	$1,827,000 +15.6%
2018	$12,990 +1.7%	$1,580,000 +13.8%
2017	$12,775 +25.7%	$1,388,000 +5.2%
2016	$10,165	$1,320,000 +6.5%
2015	$10,165	$1,239,000 +8.3%
2014	$10,165	$1,144,400 +12%
2013	$10,165	$1,022,000 +17.5%
2012	--	$870,000 +0.6%
2011	--	$865,000 -18.2%
2010	--	$1,058,000
2009	--	$1,058,000 +41.6%
2007	--	$747,000 +13.4%
2006	--	$659,000 +3%
2005	--	$640,000 +47.8%
2001	$4,119 +8.8%	$433,000 +20.3%
2000	$3,784	$359,900