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12840 SE 40th Ct APT B4
Score
79
Bellevue, WA

12840 SE 40th Ct APT B4

532K
2 bd • 2 ba • 1,061 sf

Educational Use Only — NOT professional advice. See terms

AI Property Analysis

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Property Overview

List Price
$532,300
-66%vs 98006
Price/Sq.Ft
$502
-18%vs 98006
Below Estimated Range
0.5% below range

Current Price

$532,300

Estimated Range

$535,000 - $575,000

$532,300
Below Market-20%
Above Market+20%

*AI analysis for educational purposes only - NOT a professional appraisal. Consult licensed appraisers for property valuations.*

Market Data Points

3 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

Recent Comparable Range (Educational Only)

$545,000

Based on recent sales data. NOT a professional appraisal or offer recommendation.

Model Confidence:High(65%)
*Based on data quality & coverage*

AI Rationale

The offer reflects the needed repairs, long DOM, and market cooling. The seller's motivation and competitive market balance the probability.

AI Analysis Score
79
70
Home Condition
75
Natural Light
92
Market Data
72
Location

*AI scoring for educational purposes only. Scores are subjective and not professional evaluations. Consult licensed professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Overgrown Landscaping
Overgrown Landscaping

Overgrown Landscaping

The landscaping is overgrown and detracts from the curb appeal of the property. It could also be hiding potential issues with the foundation or drainage.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$532,300
-30%List: $532,300+30%
20%
$106,460of $532,300
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $2,236/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$142,226
Closing Costs
+$35,766
Down Payment
$106,460
Buyer Agent Fee
$13,574
Loan Fees
$4,258
Title & Escrow
$3,194
Inspections
$900
Transfer Tax
$5,855
Prepaid Expenses
$7,985

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
1200 days
vs 39 day average
This home has been listed for 1200 days, while homes in this area typically sell in 39 days
Inventory Health
76
homes for sale
43 homes sold last month, indicating 1.8x more supply than demand
Price Dynamics
100.0%
of asking price
Homes typically sell for 0.0% above asking price

*Market analysis for educational purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$1,825,000
Current median price
-3.0%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests stability
Prices are down 0.8% over the last 3 months
3 Months
-0.8%
6 Months
+10.6%
1 Year
-3.0%

Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market decreasing 50.0% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$1,825,000
3 Months Ago
$965,000
+89.1%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$532,300
Price/sqft
$502
Layout
2 bd2 ba
Days on market
1200 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$632,083

15.8%

Your price is 15.8% below average

Median Price

$520,000

2.4%

Based on 6 recent sales

Price per Sq.Ft

$586

14.4%

Your price is 14.4% below average $/sqft

Comparable Properties

12607 SE 41ST Place #H206, Bellevue, WA 98006
Price: $475,000
Sq.Ft: 951
Beds/Baths: 2/2
$/Sq.Ft:
$4990.4%
Sale Date: 7/17/2025
12613 SE 42nd Street #613, Bellevue, WA 98006
Price: $387,500
Sq.Ft: 1,027
Beds/Baths: 2/2
$/Sq.Ft:
$37724.8%
Sale Date: 6/18/2025
14433 SE 40th Street, Bellevue, WA 98006
Price: $1,400,000
Sq.Ft: 1,200
Beds/Baths: 3/2
$/Sq.Ft:
$1,167132.5%
Sale Date: 7/21/2025
12840 SE 40th Court #B12, Bellevue, WA 98006
Price: $470,000
Sq.Ft: 1,101
Beds/Baths: 2/2
$/Sq.Ft:
$42714.9%
Sale Date: 6/13/2025
13021 SE 38th Street #C6, Bellevue, WA 98006
Price: $520,000
Sq.Ft: 973
Beds/Baths: 2/2
$/Sq.Ft:
$5346.5%
Sale Date: 6/28/2025
4515 125th Avenue SE #B308, Bellevue, WA 98006
Price: $540,000
Sq.Ft: 1,052
Beds/Baths: 2/2
$/Sq.Ft:
$5132.3%
Sale Date: 5/16/2025

Schools

Details about nearby schools in this area

Neighborhood Mobility

How easily you can get around with or without a car

Scores are out of 100. Higher scores indicate better accessibility. Data provided by Walk Score®.

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 2 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Check for water stains or discoloration on ceilings and walls, especially around windows and in bathrooms.

Inspect the electrical panel for proper labeling, adequate amperage, and any signs of damage or overheating.

Check the fire safety equipment (smoke detectors, carbon monoxide detectors, fire extinguishers) to ensure they are present and functioning.

Educational Questions

Sample questions for educational purposes

What is the current HOA monthly fee, and what does it cover specifically (e.g., water, sewer, garbage, landscaping, exterior maintenance)?

Has the HOA conducted a reserve study recently, and are there any planned special assessments for major repairs or improvements in the next 5 years?

Has the unit had any water damage or mold issues in the past?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

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