tomo logo

$8,850,000

Beds
5
Baths
6.0
sq ft
8,000

96 Cascade Ky, Bellevue, WA 98006

96 Cascade Ky

Bellevue, WA 98006

  • 81 days on market
Envision your waterfront dream come to life in Newport Shores! This expansive 1.2-acre estate boasts 175 feet of captivating Lake Washington frontage, a luxurious guest house, and a grand 2,000 sqft dock for your yacht. Explore the possibilities with available 1-story & 2-story digital renderings, allowing you to tailor the plans to your desires. Immerse yourself in the Newport Shores lifestyle with a private beach, clubhouse, and tennis courts. This is your chance to create a lasting legacy on Lake Washington. With over $2.5M invested in architectural design, permits, foundation, pilings, and the dock, the groundwork is laid for your dream home. Don't miss out! Construction costs not included.

Details

Property type

Single Family Residence

Lot size

1.2521 acres

Price per sq ft

$1,107

Year built

2024

Annual property taxes

$47,572

Monthly HOA fee

$103

Price History

04/12/2024
NorthwestMLS

NorthwestMLS #2222097

Listed
$8,850,000
+65.42%
12/20/2019
NorthwestMLS

NorthwestMLS #1529408

Sold
$5,350,000

Schools & Community

Neighborhood: 

Newport Shores

Elementary school: 

Newport Heights Elem

Middle school: 

Tyee Mid

High school: 

Newport Snr High

Community features: 

Clubhouse, Playground

School district: 

Bellevue

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$7,643,497
Asking price
$8,850,000
Closing costs (~8% of asking)
-$708,000
Est. remaining loan balance
-$498,503
Cash to seller
$7,643,497

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Highlands Residential Mortgage Ltd

Loan start date

May 2023

Original loan amount

$505,000

Est. remaining balance

$498,503

Interest rate

6.6%

Loan type

New Conventional, 30 year

Seller

Lance Wright and Erick Rios

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/02/2024 at 4:05 PM

Listing updated: 06/20/2024 at 6:03 PM

Listed by: Hao N. Dang, Windermere Real Estate/East Phone #: (425) 455-9800

MLS: NorthwestMLS #2222097

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