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22606 NE 14th Dr
Sammamish, WA

22606 NE 14th Dr

$1,175,000
3 bd • 3 ba • 1,540 sf

This analysis was generated by artificial intelligence on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,175,000

Price/Sq.Ft

$763

Year Built

1983

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property excels with its prime location in Sammamish, offering proximity to excellent schools (Eastlake High School rated 10/10, just 0.7 miles away). The home's unique NW Contemporary design with vaulted ceilings and beautiful views adds significant aesthetic value. Recent upgrades include fresh interior and exterior paint, new carpet, brand new smart stainless steel appliances, and energy-efficient multi-zone mini-split A/C units in each room, collectively adding an estimated $30,000-$40,000 in value. The property's flood risk score of 1/10 is significantly better than many areas, potentially leading to lower insurance costs. The median income of $207,341 in the area suggests strong property value stability. The home's price per square foot of $762.99 is competitive for the high-end Sammamish market, where luxury properties often command premium prices.

The Bad

At 1,540 sqft, the home is smaller than many in the area, potentially limiting its appeal to larger families. The property's age (built in 1983) suggests potential for upcoming major system replacements. The listing price of $1,175,000 represents a significant 86.5% increase from its last sale price of $630,000 in 2017, which may pose challenges in justifying the valuation to potential buyers. The air quality risk score of 7/10 is concerning, with 10 bad air days per year, which could impact outdoor enjoyment and potentially health. The property has been on the market for 34 days, slightly above the average for hot markets, suggesting potential pricing or marketing issues.

The Ugly

The property's rental history shows significant volatility, with rent prices fluctuating between $2,900 and $4,000 from 2019 to 2024, indicating potential market instability or management issues. The estimated annual insurance cost of $4,230 is relatively high, possibly due to the property's unique features or location risks. The severe air quality risk (7/10) could lead to increased health concerns and potential need for air purification systems, adding to long-term costs. The home's split-level design, while unique, may limit accessibility for some buyers and potentially impact future resale value. The property's location in a car-dependent area with limited public transportation options could be a significant drawback for some buyers, especially considering Sammamish's growing population and potential for increased traffic congestion.

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

This property is best suited for affluent professionals or small families with a household income of $250,000+ (based on the area's median income and home price). It's ideal for nature enthusiasts who value privacy and scenic views, as well as those who appreciate unique architectural designs. The home would appeal to tech-savvy buyers who will value the smart home features and energy-efficient upgrades. It's perfect for those prioritizing excellent schools, as it's within close proximity to top-rated institutions. The property would also suit those looking for a low-maintenance lifestyle, given its recent upgrades and manageable size.

Not For

This property is not suitable for large families requiring more than 3 bedrooms or those needing more than 1,540 sqft of living space. It's not ideal for buyers with limited budgets, given the high price point and potential for increased insurance and maintenance costs. Those with mobility issues may find the split-level design challenging. Investors looking for high rental yields might be deterred by the property's price point and the area's rental rate trends. Buyers highly sensitive to air quality issues should carefully consider the severe air quality risk score.
Demographics
Area Median Income

$207,341

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Risk Assessment

Climate Risks

airSEVERE

10 bad air quality days per year

heatMINOR

7 extreme heat days per year

98th percentile: 87°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The severe air quality risk (7/10) poses potential health concerns and may necessitate investment in air purification systems. The property's age (41 years) suggests potential need for major system upgrades in the near future, including roofing, plumbing, and electrical systems, which could cost $30,000-$50,000 over the next 5-10 years. The significant price increase since 2017 (86.5%) may indicate a risk of overvaluation, potentially impacting future appreciation. The home's unique design, while attractive, may limit the buyer pool during future resale. The area's high median income ($207,341) could lead to continued upward pressure on property taxes. Climate change may exacerbate the already severe air quality issues, potentially impacting long-term livability and property value.
Insurance
Annual Cost

$4,230

$353 per month

Financials

Monthly Costs

Price History

Property Taxes

$8,312
2023 Tax Assessment
8.9%from previous year
Assessed Value$910,000
Tax Rate0.91%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$644,833

-45.1% below list price

Median Price

$540,000

Based on 6 recent sales

Price per Sq.Ft

$402

Comparable Properties

2220 226th Place NE, Sammamish, WA 98074
Price: $412,000
Sq.Ft: 1,570
Beds/Baths: 3/3
$/Sq.Ft:
$26265.6%
Sale Date: 9/6/2024
22906 NE 25th Way, Sammamish, WA 98074
Price: $439,000
Sq.Ft: 1,570
Beds/Baths: 3/3
$/Sq.Ft:
$28063.4%
Sale Date: 9/6/2024
514 224th Place NE #27, Sammamish, WA 98074
Price: $750,000
Sq.Ft: 1,373
Beds/Baths: 3/3
$/Sq.Ft:
$54628.4%
Sale Date: 9/19/2024
1626 220th Place NE, Sammamish, WA 98074
Price: $1,230,000
Sq.Ft: 1,678
Beds/Baths: 3/3
$/Sq.Ft:
$7333.9%
Sale Date: 9/9/2024
927 232nd Place NE, Sammamish, WA 98074
Price: $540,000
Sq.Ft: 1,763
Beds/Baths: 2/3
$/Sq.Ft:
$30659.9%
Sale Date: 9/23/2024
1316 220th PL NE, Sammamish, WA 98074
Price: $498,000
Sq.Ft: 1,740
Beds/Baths: 3/3
$/Sq.Ft:
$28662.5%
Sale Date: 9/6/2024

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