1400 Bellevue Way Northeast
Bellevue, WA 98004
$11,750,000
Price
—
Beds
14,916 Sq. Ft.
$788 / Sq. Ft.
14,916
Sq. Ft.
$788
per Sq. Ft.
New
New
Listing provided courtesy of Windermere Real Estate/East
Description
The Park East Apartments is a true pride-of-ownership multifamily investment in downtown Bellevue. Constructed with the materials & finishes of a luxury high-rise, Park East represents the highest quality sub-institutional apartment community ever built in Bellevue. Completed in 2017, Park East comprises 16 luxury units over a structured concrete parking garage. The unit mix includes two studio lofts, 5 one-bedroom flats, two 1-bed/1.5 bath townhomes, five 2-bed/2 bath townhomes, & two 3-bed/2.5...The Park East Apartments is a true pride-of-ownership multifamily investment in downtown Bellevue. Constructed with the materials & finishes of a luxury high-rise, Park East represents the highest quality sub-institutional apartment community ever built in Bellevue. Completed in 2017, Park East comprises 16 luxury units over a structured concrete parking garage. The unit mix includes two studio lofts, 5 one-bedroom flats, two 1-bed/1.5 bath townhomes, five 2-bed/2 bath townhomes, & two 3-bed/2.5 bath townhomes. Each unit is thoughtfully designed to maximize living space & amenities. For tenant comfort, there are 27 secured parking spaces along with five additional guest/moving spaces, plus well-appointed community room & outdoor play space.
- Listed by Scott Whittlesey • Windermere Real Estate/East
Property Details for 1400 Bellevue Way Northeast
Community Name
Downtown
School DistrictBellevue
ViewTerritorial
Number of Assigned Spaces32
Total Covered Parking27
Entry Date09-20-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 09/20/2024 11:47 AM
Property Details for 1400 Bellevue Way Northeast
| Status | Active |
|---|---|
| MLS # | 2293086 |
| Days on Market | 1 |
| Cumulative Days on Market | 1 |
| Taxes | $65,035 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2017 |
| Lot Size | 0.62 AC / 27,165 SF |
| County | King County |
Building Information for 1400 Bellevue Way Northeast
Stories3Residences-Year Built2017Building Size-Lot Size0.62 AC / 27,165 SF
Property Information for 1400 Bellevue Way Northeast
Summary
Location and General Information
- Style: 56 - 10+ Units
- Site Features: Sprinkler System
- Area: 520 - Bellevue/West of 405
- Middle Or Junior School: Chinook Mid
- High School: Bellevue High
- Directions: From I-405 - Follow I-405 S to 112th Ave NE in Bellevue. Take exit 13B from I-405 S. Continue on 112th Ave NE to your destination.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Hardwood, Carpet
- Features: Hardwood, Wall to Wall Carpet
- Amenities: Clubhouse,Fire Sprinklers,Playground,Storage
- Cooling: Yes
- Cooling: Ductless HP-Mini Split, Forced Air
- Fireplace: No
- Heating: Yes
- Heating: Forced Air, High Efficiency (Unspecified)
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete, Wood, Wood Products
- Roof: Composition, Green (Living)
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 38000
- Power Company: PSE
- Sewer Company: City
- Water Company: City
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Plans
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 25
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: County
- Parcel Number Free Text: 2925059285
- Building Condition: Good
- Calculated Square Footage: 14916
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 14916.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 3
- Vacancy Rate: 5
- Number Of Units Total: 0
- Units Below Grade: false
- Units In Building Total: 16
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 190180
- Gross Adjusted Income: 672311
- Gross Rent Multiplier: 17.5
- Gross Scheduled Income: $651,891
- Insurance Expense: $8,000
- Net Operating Income: $482,131
- Other Expenses: $79,145
- Total Monthly Income: 56026
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 14916.0
- Leasable Area Units: Square Feet
Property History for 1400 Bellevue Way Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1400 Bellevue Way Northeast
Taxable ValueLand$2,173,200Additions$6,512,800Total$8,686,000
Tax Record2022$61,429 ($5,119 / month)
Home Facts
Total Finished SqFt14,912 SqFtAbove Ground SqFt14,912 SqFtStories3Lot Size27,165 SqFtStyleMulti-Family Dwelling (2-4)Year Built2017ZoningR-20CountyKINGAPN292505-9285Fireplace TypeHas Fireplace
Schools near 1400 Bellevue Way Northeast
This home is within Bellevue School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
Clyde Hill Elementary School PublicPK to 5 | ||
Chinook Middle School Public6 to 8 | ||
Bellevue High School Public9 to 12 | ||
Career Education Options Reengagement Program Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Northwest Bellevue
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere Real Estate/East
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
