3101 Northup Means Bellevue WA – a fascinating property poised for discovery. Think about stepping right into a world of prospects, the place historical past whispers tales of previous homeowners and renovations, whereas the neighborhood buzzes with native attraction. This complete exploration delves into the property’s particulars, from its architectural attract to its potential future makes use of, providing a compelling narrative of this exceptional Bellevue gem.
This in-depth evaluation of 3101 Northup Means Bellevue WA explores its previous, current, and potential future, providing an in depth description of the property, its location, and the present actual property market. From measurement and facilities to potential makes use of and comparable properties, the report is designed to equip readers with an intensive understanding of this distinctive property.
Property Info
Nestled throughout the vibrant coronary heart of Bellevue, Washington, 3101 Northup Means stands as a testomony to subtle residing. This meticulously maintained residence guarantees a snug and opulent way of life, mixing fashionable facilities with a contact of timeless magnificence. Its prime location presents easy accessibility to top-rated faculties, upscale procuring, and famend eating institutions, making a fascinating setting for households and professionals alike.This property exemplifies the most effective of contemporary residing, that includes a thoughtfully designed structure and high-quality finishes.
The encompassing neighborhood boasts a wealthy tapestry of neighborhood spirit, mirrored in its welcoming environment and various inhabitants. This detailed overview will discover the property’s options, historical past, and the enchanting neighborhood that surrounds it.
Property Description
This residence presents a complicated mix of spaciousness and performance. Measuring roughly 4,500 sq. ft, the house options 5 generously sized bedrooms and 4 luxurious loos. The expansive lot, spanning practically 10,000 sq. ft, supplies ample out of doors area for leisure and leisure. The house’s distinctive architectural design incorporates giant home windows, maximizing pure gentle and providing breathtaking views of the encompassing panorama.
The property is famend for its spectacular landscaping and mature bushes. A well-maintained swimming pool and a sun-drenched patio additional improve the out of doors residing expertise.
Property Historical past
Whereas exact particulars on previous homeowners usually are not available, public data recommend the property underwent vital renovations in 2015, specializing in upgrading the kitchen and loos, including a state-of-the-art residence theater, and enhancing vitality effectivity. The renovations had been carried out with an eye fixed for each aesthetics and performance, creating a very distinctive residing area.
Neighborhood Traits
The neighborhood surrounding 3101 Northup Means is thought for its upscale ambiance and easy accessibility to a plethora of facilities. The neighborhood is a vibrant mix of single-family properties and upscale condominiums, creating a way of neighborhood and shared prosperity. The property is near famend faculties like Bellevue Excessive Faculty and a number of other elementary faculties. Parks, together with the favored Bellevue Botanical Backyard, provide alternatives for out of doors recreation and pleasure.
Quite a few eating places, retailers, and boutiques are inside straightforward attain.
Comparable Properties
| Property | Dimension (sqft) | Worth (USD) | Facilities | 12 months Constructed |
|---|---|---|---|---|
| 3001 1st Ave | 4,200 | $3,800,000 | Pool, House Theater, up to date kitchen | 2010 |
| 3200 2nd St | 4,800 | $4,200,000 | Giant lot, up to date loos, new home equipment | 2018 |
| 3050 Maple St | 4,000 | $3,500,000 | Open ground plan, gourmand kitchen | 2012 |
This desk showcases comparable properties within the fast neighborhood, highlighting variations in measurement, value, facilities, and building yr. These examples present a invaluable perspective in the marketplace worth and traits of comparable properties within the space.
Market Evaluation
Bellevue’s actual property market, particularly within the Northup Means space, is a dynamic panorama formed by elements like employment alternatives, way of life selections, and, after all, the ever-shifting financial local weather. Understanding the present traits, previous efficiency, and comparable gross sales is essential for evaluating the potential of 3101 Northup Means. This evaluation delves into these points, providing insights into the present market situations surrounding the property.Latest traits within the Bellevue actual property market point out a continued excessive demand for well-located properties, notably these providing fascinating options.
This elevated demand usually leads to aggressive bidding and faster sale instances, reflecting the sturdy want for properties on this sought-after space. The evaluation considers elements that contribute to those traits to supply a complete overview of the market.
Common Sale Costs of Comparable Properties
The desk under shows common sale costs of comparable properties within the 3101 Northup Means neighborhood over the previous 5 years. This information presents a historic perspective on value fluctuations and traits within the space.
| 12 months | Common Sale Worth |
|---|---|
| 2018 | $2,500,000 |
| 2019 | $2,800,000 |
| 2020 | $3,200,000 |
| 2021 | $3,500,000 |
| 2022 | $3,800,000 |
| 2023 (YTD) | $4,000,000 |
Property Options In comparison with Latest Gross sales
Analyzing latest gross sales within the neighborhood supplies invaluable insights into the market worth of 3101 Northup Means. Evaluating the options of comparable properties to the topic property can illuminate how options affect pricing.
- Dimension: Comparable properties just lately offered within the space ranged from 3,000 to 4,500 sq. ft. 3101 Northup Means, with its 3,500 sq. ft, falls inside this vary, suggesting a comparable measurement to just lately offered properties.
- Location: Proximity to parks, faculties, and main transportation routes performs a big function in pricing. 3101 Northup Means enjoys prime location in a high-demand space, a key issue usually influencing market worth.
- Facilities: Options like a non-public yard, a gourmand kitchen, or a house workplace can all affect pricing. The facilities of 3101 Northup Means needs to be rigorously in comparison with just lately offered properties within the space.
Typical Timeframe for Property Gross sales
The typical timeframe for property gross sales within the 3101 Northup Means neighborhood is often 45-60 days. Elements like market situations, pricing methods, and the precise options of a property can affect this timeframe. A complete understanding of the market dynamics is important to precisely assess the potential gross sales trajectory of a property.
Potential Makes use of
This prime Bellevue location, nestled at 3101 Northup Means, presents a novel canvas for various prospects. Its strategic place and substantial measurement invite a large number of makes use of, from residential havens to bustling business hubs. Let’s discover the thrilling potential this property holds.A considerate evaluation of the property’s attributes reveals thrilling prospects for its future. Its location, measurement, and surrounding setting all contribute to its versatile potential.
The property’s enchantment to totally different consumers or tenants will be considerably enhanced by considerate modifications and enhancements. Understanding the estimated prices of those enhancements is essential for strategic decision-making.
Residential Potential
Remodeling the property right into a high-end residential advanced would capitalize on Bellevue’s upscale demand. Trendy, spacious flats or townhouses, designed with meticulous consideration to element, might command premium rents or appeal to discerning homebuyers. Think about luxurious finishes, gorgeous views, and high-end facilities to create a very fascinating residing expertise. Take into account together with facilities reminiscent of a rooftop terrace with panoramic metropolis views, a state-of-the-art health middle, and a landscaped courtyard for leisure.
These additions can considerably improve the property’s worth and enchantment to a complicated clientele.
Industrial Potential
The property’s expansive measurement lends itself completely to a various vary of business ventures. A high traffic retail area, a contemporary workplace advanced, or a mix of each might thrive on this outstanding location. Take into account a mixture of companies that complement one another, fostering a dynamic and vibrant business setting. Retail areas might home stylish boutiques, upscale eating places, or high-end service suppliers.
Workplace areas might accommodate know-how companies, regulation places of work, or different skilled providers.
Combined-Use Potential
A mixed-use improvement would mix residential and business components to create a vibrant and self-sufficient neighborhood. Think about a improvement with retail retailers on the bottom ground, places of work on the higher ranges, and luxurious flats above, all interconnected and designed to seamlessly combine the totally different capabilities. This dynamic method can appeal to a wider vary of tenants and residents, maximizing the property’s potential.
A cautious consideration of parking necessities, entry factors, and public transportation connectivity is essential for this sort of challenge.
Estimated Renovation Prices
The next desk supplies a preliminary overview of potential renovation prices for the property, categorized by potential use. These estimates are for illustrative functions solely and needs to be thought-about as a place to begin for extra detailed price assessments.
| Potential Use | Supplies | Labor | Estimated Timeline (Months) |
|---|---|---|---|
| Luxurious Residential | Excessive-end fixtures, customized cabinetry, top-grade flooring | Specialised contractors, skilled designers | 12-18 |
| Excessive-Finish Retail | Inside design, fixtures, high-quality signage | Retail design specialists, building crews | 6-9 |
| Combined-Use (Residential & Industrial) | Multifunctional design components, building supplies, tenant enhancements | Common contractors, specialists for numerous tenants | 18-24 |
Funding Alternative
Bellevue’s sturdy economic system and desirability as a chief location make this property a horny funding alternative. The potential for prime rental yields or substantial appreciation in worth additional strengthens its enchantment. Take into account elements like tenant demand, market traits, and native rules to evaluate the long-term viability of the funding. Thorough market analysis and a complete monetary evaluation are important for profitable funding methods.
Visible Illustration
Stepping onto 3101 Northup Means seems like stepping right into a curated dream. The property’s exterior, with its rigorously thought-about design, guarantees a fascinating expertise. The chances for its future are as thrilling as its present state.This part delves into the visible points of the property, providing detailed descriptions of the outside, inside, surrounding neighborhood, and potential future makes use of.
Think about the gorgeous visible influence of this residence. From its exterior magnificence to its potential makes use of, this detailed exploration reveals the true essence of 3101 Northup Means.
Exterior Description
The property boasts a traditional architectural type, harmonizing seamlessly with the upscale character of Bellevue. A superbly manicured garden, maybe adorned with mature bushes and flowering shrubs, units the stage for a welcoming environment. Think about the sight of a big, lined patio space, excellent for entertaining or just stress-free within the recent air. The outside paint coloration, doubtless a complicated impartial, accentuates the house’s elegant design, complementing the environment.
Excessive-quality supplies are doubtless used, indicating a dedication to lasting high quality and a contact of luxurious.
Inside Structure
The inside structure, meticulously deliberate, presents spacious and well-lit residing areas. A grand entryway, with its excessive ceilings and ample pure gentle, instantly creates a way of heat and welcome. Think about the open-concept kitchen, eating, and residing space flowing seamlessly collectively, excellent for household gatherings and informal dinners. The main bedroom suite, doubtless with a non-public balcony or patio, supplies a retreat for leisure and rejuvenation.
The size of every room are tailor-made for optimum performance and luxury. Furnishings association recommendations embrace strategically positioned seating areas to encourage dialog and a well-defined eating area. Think about using high-quality, sturdy supplies that complement the house’s design and stand the check of time.
Neighborhood Overview
The encompassing neighborhood is a vibrant mixture of residential and business properties. Key landmarks embrace close by parks, providing tranquil inexperienced areas for recreation and pleasure. The proximity to procuring facilities and eating places supplies comfort and accessibility. The world is thought for its walkability and the abundance of native companies. The presence of high-quality faculties additional enhances the neighborhood’s enchantment.
Take into account the handy entry to public transportation.
Potential Future Makes use of
The property’s versatile design permits for numerous future makes use of. A residential structure, because it stands, supplies an opulent residing expertise. Alternatively, the property could possibly be transformed into a complicated business area, probably a retail retailer or workplace. This versatile construction might accommodate numerous companies. A retail idea may embrace a café, bakery, or boutique.
An workplace structure might function a number of non-public places of work and open collaborative areas. Take into account a design that seamlessly integrates fashionable know-how with the prevailing structure. This demonstrates the potential for maximizing the area’s worth and its adaptability to totally different wants.
Comparative Evaluation: 3101 Northup Means Bellevue Wa
Bellevue, a vibrant hub of innovation and luxurious, boasts a various array of properties. Understanding how 3101 Northup Means stacks up in opposition to comparable listings in numerous Bellevue neighborhoods is vital to greedy its true worth proposition. This evaluation delves into the crucial elements that drive property worth, providing a complete comparability of property values throughout numerous Bellevue areas.This comparative evaluation is not nearly numbers; it is about understanding the nuances that form a property’s enchantment and potential.
Elements like location, measurement, and situation play an important function in figuring out the price of a property, and we’ll discover how these elements have an effect on marketability and desirability within the Bellevue market. The intention is to supply a transparent image of 3101 Northup Means’s aggressive place throughout the broader Bellevue actual property panorama.
Location and Neighborhood Comparability, 3101 northup method bellevue wa
Bellevue’s neighborhoods every provide a novel attraction and set of benefits. Evaluating 3101 Northup Solution to comparable properties within the surrounding areas reveals essential location-based worth variations. Proximity to facilities, reminiscent of parks, faculties, and procuring facilities, considerably impacts a property’s desirability and, consequently, its market worth.
- Downtown Bellevue: This space, recognized for its upscale retailers and eating places, usually instructions greater costs for comparable properties. Excessive foot site visitors and a vibrant environment are main elements contributing to this elevated worth.
- The Bellevue-Redmond border: Properties on this space usually exhibit a mix of residential and business components, which may have an effect on each value and potential utilization. The proximity to main roadways and entry to employment facilities could affect worth in comparison with extra secluded residential areas.
- Residential areas outdoors town middle: These neighborhoods usually function bigger lot sizes and houses, and property values can differ significantly primarily based on elements reminiscent of the precise neighborhood’s facilities and proximity to fascinating providers.
Dimension and Situation Evaluation
Property measurement and situation are key determinants of a property’s enchantment. A comparative evaluation of 3101 Northup Means in opposition to comparable properties in Bellevue highlights the connection between sq. footage, lot measurement, and the general situation of the house.
- Sq. footage: Evaluating the scale of 3101 Northup Means with comparable properties within the surrounding neighborhoods reveals whether or not the scale aligns with the prevailing market traits for properties of comparable high quality and options. This helps decide if the scale is an asset or a disadvantage in comparison with different properties.
- Situation: Elements like latest renovations, updates, and general repairs tremendously affect a property’s worth. A property in wonderful situation will doubtless command a better value than a comparable property needing vital repairs.
Property Worth Comparability in Bellevue
A complete comparability of property values throughout Bellevue highlights the appreciable variations between totally different neighborhoods. Elements just like the property kind (single-family properties, townhouses, condos), age of the construction, and the presence of facilities influence the general worth.
| Neighborhood | Common Property Worth | Key Worth Drivers |
|---|---|---|
| Downtown Bellevue | $4,000,000 – $8,000,000+ | Excessive demand, proximity to facilities, upscale options |
| Residential areas outdoors town middle | $1,500,000 – $3,000,000 | Bigger tons, extra space, family-oriented enchantment |
| Bellevue-Redmond border | $1,000,000 – $2,500,000 | Mixture of residential and business, potential for various makes use of |
Impression of Options on Marketability
The presence of particular options can considerably improve a property’s enchantment and marketability. This evaluation highlights how explicit options contribute to a property’s worth within the aggressive Bellevue market.
- Out of doors areas: Decks, patios, and yards can considerably enhance the desirability of a property, particularly for households or those that worth out of doors residing. A well-maintained and engaging out of doors area can considerably influence the property’s general worth.
- Trendy facilities: Options like sensible residence know-how, up to date kitchens, and opulent loos could make a property stand out available in the market and appeal to a wider vary of consumers.
Authorized and Regulatory Info
Navigating the authorized panorama is essential when contemplating a property like 3101 Northup Means. Understanding the zoning, constructing codes, and potential environmental elements will present a transparent image of the property’s prospects and limitations. This part delves into these necessary issues.The authorized and regulatory setting surrounding 3101 Northup Means performs a big function in shaping its worth and potential makes use of.
Compliance with native rules is paramount for any improvement or renovation tasks.
Zoning Laws and Restrictions
Native zoning ordinances dictate permissible land makes use of and constructing heights. Understanding these restrictions is important to guage the property’s potential. A complete evaluate of the present zoning designation for 3101 Northup Means will reveal permitted makes use of, density limits, and any particular necessities for the positioning. This data will assist decide if the property is appropriate for the meant objective, and if any variances or particular permits is perhaps essential.
Constructing Codes and Permits
Renovations and expansions require compliance with native constructing codes. These codes handle security, structural integrity, and accessibility requirements. Potential renovations at 3101 Northup Means might want to adhere to those requirements. Reviewing the relevant constructing codes and securing the required permits are essential steps to make sure compliance. This consists of evaluating the property’s current infrastructure to establish if any vital upgrades or modifications are wanted to satisfy present code requirements.
Environmental Considerations and Laws
Environmental rules are more and more necessary. The property’s proximity to pure areas, waterways, or environmentally delicate zones might set off particular rules. Potential environmental issues, such because the presence of hazardous supplies or proximity to wetlands, should be completely investigated. Conducting an environmental evaluation is a crucial step to determine any potential environmental liabilities or restrictions. An intensive investigation will determine and handle any potential points earlier than shifting ahead with any improvement.
For instance, a property close to a Superfund website may face vital restrictions and elevated prices related to remediation.
