4plex on large lot, 2 min from Microsoft. Value in land, Excellent development site for 2 luxury homes or long term hold with income stream. Views of Lake Sammamish from upper floor. Zoned R-4, Development site suitable for two large view homes with ADU units. Triplex has some remodel and updating.4th unit is spacious remodeled 2 bedroom/2 bath detached house. Property is well maintained and all systems are functioning and operable. Income producing property can generate $9,020 per month, during lot line adjustment process and approval through the city of Redmond. Highly desirable schools. 2 blocks from waterfront and Idylwood Park, lot is 25, 900 sq feet; 140 x 185, zoned R-4, 1 mile to Microsoft and light rail.
Sold
Listed by: Skyline Properties, Inc.
Bought with: RE/MAX Eastside Brokers, Inc.
$2,172,000
17229 NE 40th Street, Redmond, WA 98052
--beds
--baths
4,160sqft
Multi Family
Built in 1951
-- sqft lot
$2,154,100 Zestimate®
$522/sqft
$3,432 Estimated rent
Home value
$2,154,100
$1.90M - $2.48M
$3,432/mo
Zestimate® history
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$13,115/mo
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Zillow last checked:
Listing updated:
Listed by:
Fred Grunewald,
Skyline Properties, Inc.
Bought with:
Cassandra H. Kerk, 13723
RE/MAX Eastside Brokers, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2072269
Facts & features
Interior
Heating
- Baseboard, Electric, Natural Gas
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 4,160
- Total interior livable area: 4,160 sqft
Property
Parking
- Total spaces: 7
- Parking features: RV Parking
- Carport spaces: 2
- Uncovered spaces: 5
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.59 Acres
- Dimensions: 185 x 140
- Features: Paved, Value In Land, Gas Available, High Speed Internet, Outbuildings, RV Parking, Shop
Details
- Parcel number: 3134100193
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition,Flat,Torch Down
Condition
- Good
- Year built: 1951
- Major remodel year: 1980
Utilities & green energy
- Electric: Company: public
- Sewer: Available, Company: public
- Water: Company: public
- Utilities for property: Verizon
Community & neighborhood
Location
- Region: Redmond
- Subdivision: Microsoft
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 906 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2024 | Sold | $2,172,000-7.6%$522/sqft |
Source:  NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 1/23/2024 | Pending sale | $2,350,000$565/sqft |
Source: NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 1/11/2024 | Price change | $2,350,000-2.1%$565/sqft |
Source: NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 12/27/2023 | Listed for sale | $2,400,000$577/sqft |
Source: NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 10/12/2023 | Pending sale | $2,400,000$577/sqft |
Source: NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 10/2/2023 | Price change | $2,400,000-4%$577/sqft |
Source: NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 9/19/2023 | Price change | $2,500,000-7.4%$601/sqft |
Source: NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 8/14/2023 | Price change | $2,700,000-10%$649/sqft |
Source: NWMLS as distributed by MLS GRID #2072269 Report a problem | ||
| 5/29/2023 | Listed for sale | $3,000,000$721/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2072269 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,022 +13.9% | $1,786,000 +6.4% |
| 2024 | $13,192 +15.1% | $1,679,000 +21.2% |
| 2023 | $11,457 -16.1% | $1,385,000 -25.4% |
| 2022 | $13,649 +23.7% | $1,857,000 +44.7% |
| 2021 | $11,032 +5.5% | $1,283,000 +14.1% |
| 2020 | $10,458 +2.5% | $1,124,000 +1.4% |
| 2019 | $10,201 +2.5% | $1,108,000 -1.2% |
| 2018 | $9,955 +5.6% | $1,122,000 +18.9% |
| 2017 | $9,428 +42.5% | $944,000 +21.2% |
| 2016 | $6,617 | $779,000 +7.4% |
| 2015 | $6,617 | $725,000 +9.7% |
| 2014 | $6,617 | $661,000 +11.1% |
| 2013 | $6,617 +89.3% | $595,000 +112.5% |
| 2000 | $3,496 | $280,000 |
Find assessor info on the county website
Neighborhood: Idylwood
Nearby schools
GreatSchools rating
- 10/10John J. Audubon Elementary SchoolGrades: K-5Distance: 0.7 mi
- 10/10Rose Hill Middle SchoolGrades: 6-8Distance: 2.8 mi
- 10/10Lake Washington High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Audubon Elem
- Middle: Rose Hill Middle
- High: Lake Wash High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,154,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,154,100
- Washington
- King County
- Redmond
- 98052
- Idylwood
- 17229 NE 40th Street
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