24624 NE 18th Street, Redmond, WA 98074

$1,599,988
3
BD
1
BA
1,000
SqFt

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Listing Broker: RE/MAX Northwest; Laura M. Ford; 206-380-8700; laura@laura-ford.com

List Price
$1,599,988
Status
ACTIVE
Days on Market
1
MLS#
2589458
Subtype
Residential
Style
10 - 1 Story
Year Built
1970
Bedrooms
3
Bathrooms
1
Living Area
1,000
Lot Size
125,962
Acres
2.89
Subdivision
Sammamish
Neighborhood
Sammamish
MLS Area Major
East of Lake Sammamish

Property Description

RARE SAMMAMISH DEVELOPMENT OPPORTUNITY! Nearly 2.9 acres of R-4 land adjacent to the Kensington Enclave community. The property's primary value is in the land and its future development potential rather than the existing residence. The current home is occupied, offered strictly as-is, and should be considered a potential tear-down or interim use rather than a traditional residential purchase.Preliminary analysis suggests the property may support multiple future residential lots under its existing R-4 zoning, with a theoretical density of approximately 11 lots before accounting for site-specific constraints. The adjacent Kensington Enclave provides a compelling development precedent, with 43 residential lots approved on approximately 11.7 acres.Important: Actual development yield is not guaranteed and will depend on wetlands, critical areas and buffers, tree retention, topography, stormwater, access, utilities, engineering and City approval. Buyer to conduct their own feasibility and due diligence.Value is primarily in the land. Existing residence conveys strictly as-is.

Additional Information

Interior Features
Fireplace, Water Heater
Exterior Features
Wood
Property Description
10 - 1 Story
Flooring
Vinyl, Carpet
Heating
Baseboard, Radiant
Air Conditioning
None
Levels
One
Roof
Composition
Parking Features
Attached Garage
School District
Lake Washington
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
View
Mountains, Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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