Score
0Bellevue, WA
1620 165th Ave NE
1.2M
3 beds
1 baths
1,350 sqft
3 bd • 1 ba • 1,350 sf
This analysis was generated on 2/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$1,159,800
Price/Sq.Ft
$859
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Location in Bellevue: The property benefits from being located in Bellevue, offering access to a strong job market, good schools, and various amenities. Median income in Bellevue is high at $147,788, indicating a desirable area.
• Rental Income Potential: The property could potentially generate rental income of $3,590 per month as a 3-bedroom rental, providing a potential return on investment.
• Renovation Opportunity: The property presents an opportunity for buyers to customize and renovate the home to their preferences, potentially increasing its value.
• Lot Size: A large lot size could provide opportunities for expansion or outdoor living space, adding value to the property.
The Bad
• High Price per Square Foot: The price per square foot of $859.11 is significantly above the average for some areas of Bellevue, suggesting a premium or potential overpricing. This needs careful evaluation against comparable properties.
• Unknown Build Year: The unknown build year introduces uncertainty about the property's condition and potential for outdated systems (plumbing, electrical, HVAC). This necessitates thorough inspections and potential renovation costs.
• Single Bathroom: The presence of only one bathroom may be a drawback for families or individuals who value having multiple bathrooms.
• Lack of Property Details: The absence of detailed property features makes it difficult to assess its true value and potential drawbacks without further investigation.
The Ugly
• Potential for Significant Renovations: Given the unknown build year and lack of property details, extensive renovations may be necessary to bring the property up to modern standards. This could involve significant costs for plumbing, electrical, and structural repairs.
• High Cost of Ownership: Bellevue has high property taxes and a high cost of living, which can significantly increase the overall cost of owning the property. Factor in homeowners insurance, potential HOA fees, and ongoing maintenance costs.
• Competitive Market: Bellevue's real estate market is highly competitive, which can lead to bidding wars and potentially overpaying for the property. Be prepared to move quickly and potentially waive contingencies.
• Risk of Overpaying: Due to the high price per square foot and limited information, there is a risk of overpaying for the property if it is not carefully evaluated against comparable sales.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers prioritizing location within Bellevue: The property's location offers access to Bellevue's amenities and job market.
• Investors considering rental income: The property can potentially be rented out for $3,590 per month, based on the local market rate for a 3-bedroom house.
• Buyers looking for a project: This property presents an opportunity for renovation and customization, potentially increasing its value in the long run.
• Buyers who appreciate mature landscaping: The lot may feature mature trees and landscaping, providing privacy and aesthetic appeal.
Not For
• Buyers seeking a move-in-ready home: The lack of property details and unknown build year suggest potential renovation work is needed.
• Buyers with limited budgets: The high price per square foot ($859.11) and Bellevue's high cost of living make this property less suitable for budget-conscious buyers.
• Buyers needing multiple bathrooms: The single bathroom may be insufficient for larger households.
• Buyers prioritizing modern amenities: The unknown build year may indicate outdated systems and features.
Demographics
Area Median Income
$147,788
Property History
Price History
Ownership Timeline
$900,000Financed
Jun 8, 2021Bruce Alan WittenmyerGwonjae Cho, Tae Eun Ahn
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Apr 3, 2001Bruce A Wittenmyer, Diana L WittenmyerBruce Alan Wittenmyer, Diana L Wittenmyer
Intrafamily Transfer
Non-Arm's Length Transactions
$189,950Financed
Aug 28, 2000Robert F Hirsch, Nena Sara MorinBruce A Wittenmyer, Diana L Wittenmyer
Warranty Deed
Standard Sale (Purchase/Resales)
$131,000Financed
Jun 9, 1995John P Cupp, Garnet A CuppRobert F Hirsch, Nena Sara Morin
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.0/10
Below AverageMiddle
3.0/10
Below AverageHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$2,220
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,159,800
Price/sqft
$859
Layout
3 bd•1 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$996,633
16.4%
Your price is 16.4% above average
Median Price
$1,226,000
5.4%
Based on 6 recent sales
Price per Sq.Ft
$753
14.1%
Your price is 14.1% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 16033 NE 27th Street, Bellevue, WA 98008 | $1,263,800 | 1,340 | 3 | 2 | $9439.8% | 11/15/2024 |
| 1705 157th Avenue NE #A102, Bellevue, WA 98008 | $538,000 | 1,187 | 2 | 2 | $45347.2% | 12/19/2024 |
| 16223 NE 28th Street, Bellevue, WA 98008 | $1,226,000 | 1,370 | 3 | 2 | $8954.2% | 11/7/2024 |
| 1283 170 Avenue NE, Bellevue, WA 98008 | $1,010,000 | 1,409 | 3 | 2 | $71716.6% | 11/13/2024 |
| 17018 NE 2nd Place, Bellevue, WA 98008 | $662,000 | 1,360 | 2 | 2 | $48743.3% | 10/11/2024 |
| 2226 167th Place NE, Bellevue, WA 98008 | $1,280,000 | 1,250 | 3 | 2 | $1,02419.2% | 11/1/2024 |
16033 NE 27th Street, Bellevue, WA 98008
Price: $1,263,800
Sq.Ft: 1,340
Beds/Baths: 3/2
$/Sq.Ft:
$9439.8%
Sale Date: 11/15/2024
1705 157th Avenue NE #A102, Bellevue, WA 98008
Price: $538,000
Sq.Ft: 1,187
Beds/Baths: 2/2
$/Sq.Ft:
$45347.2%
Sale Date: 12/19/2024
16223 NE 28th Street, Bellevue, WA 98008
Price: $1,226,000
Sq.Ft: 1,370
Beds/Baths: 3/2
$/Sq.Ft:
$8954.2%
Sale Date: 11/7/2024
1283 170 Avenue NE, Bellevue, WA 98008
Price: $1,010,000
Sq.Ft: 1,409
Beds/Baths: 3/2
$/Sq.Ft:
$71716.6%
Sale Date: 11/13/2024
17018 NE 2nd Place, Bellevue, WA 98008
Price: $662,000
Sq.Ft: 1,360
Beds/Baths: 2/2
$/Sq.Ft:
$48743.3%
Sale Date: 10/11/2024
2226 167th Place NE, Bellevue, WA 98008
Price: $1,280,000
Sq.Ft: 1,250
Beds/Baths: 3/2
$/Sq.Ft:
$1,02419.2%
Sale Date: 11/1/2024
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