Owner
$717,199
22675 NE ALDER CREST DR UNIT 102, REDMOND, WA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
1
sq. ft.
1,282
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Building Quality C
Average Condition
Living Area
Garage
2 Stories
Wood
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2002
Building Size
1,282 sq ft
Lot Size
243,593 sq ft
Lot Size (Acres)
5.59 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
172599-0500
County
King County, Washington
Metro Area
Seattle-Tacoma-Bellevue, WA
Zoning
R12
Neighborhood/Subdivision
COMPASS POINT
Lot Number
—
School District
Lake Washington School District
Legal Description
COMPASS POINT CONDOMINIUM PCT UND INT 1.39
Tax & Value Information
Market Value (Total)
$693,000
Building Value
$632,100
Land Value
$60,900
Annual Property Tax
$6,531
Tax Assessment Year
2025
Assessed Value
$693,000
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
11/8/2011
Recording Date
11/14/2011
Sales Document #
2011.1781
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$27,752
Return on Investment
15.60%
After Repair Value
$788,919
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$645,479
Renovation Cost
$35,860
Closing Costs (buying)
$12,910
Holding Costs
$19,583
Selling Costs
$47,335
Total Investment
$177,865
After Repair Value (ARV)
$788,919
Total Costs
$761,167
Estimated Profit
$27,752
Cash Invested
$164,956
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area