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16023 SE 31st Lane, Bellevue, WA, 98008

3beds
3baths
1,974sqft
$1,299,000
$658price/sqft
$7,670/moest. monthly cost
$306,800/yrincome needed

About This Home

*** $40K Buyer Bonus thru 5/31/26. to Celebrate that WE ARE NOW OPEN and excited to introduce this extraordinary new community! Stratos Townhomes features 67 townhomes with Modern Living at its finest. Nestled in the tree-lined hills of Bellevue, this home features 3Bed + Office/2.5Bath private decks and 2-Car side-by-side Garage! Chefs Kitchen combines functionality with modern finishes and design. Tons of countertop and storage space, open to the living/dining areas allowing the chef to stay at the party! The extraordinary Primary Suite boasts a huge en-suite bathroom with soaking tub, Walk-in Closet and direct access to the Entertainment size Covered Deck. There are two more spacious bedrooms, another full size bathroom and very conveniently located laundry room. Miles of Walking trails & beautiful outdoor recreation are just steps away. Access to I-90 & I-405 is just moments away! Top rated Bellevue School District too! Anticipated Move-in August 2026.

Getting Around

36
WalkingCar-Dependent
43
TransitSome Transit
66
BikeBikeable

Schools

8/10
9/10
Tillicum Middle SchoolGrades 6-81.2 mi
8/10

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Composition
  • Construction materials: Cement Planked,Metal/Vinyl,Wood Siding,Cement Plank

Type & Style

  • Home type: Townhouse
  • Architectural style: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Stove(s)/Range(s),Dishwasher(s),Garbage Disposal,Microwave(s),Water Heater: Heat Pump,Cooking - Electric Hookup,Cooking-Electric,Dryer-Electric,Ice Maker,Washer
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bathroom Full

  • Level: Third

Bathroom Full

  • Level: Fourth

Bedroom

  • Level: Third

Bedroom

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Den Office

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Flooring: Vinyl Plank,Carpet

Great Room

  • Level: Second

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Electric
  • Cooling features: Forced Air,Heat Pump

Interior Area

  • Total structure area: 1,974
  • Total interior livable area: 1,974 sqft

Kitchen With Eating Space

  • Level: Second

Master Bedroom

  • Level: Fourth

Other

  • Level: Second

Utility Room

  • Level: Third

Property

Details

  • Parcel number: 0000203000
  • Special condition: Standard

Features

  • Levels: Multi/Split
  • Entry location: Main
  • Patio & porch: Cooking-Electric,Dryer-Electric,Ice Maker,Sprinkler System,Vaulted Ceiling(s),Walk-In Closet(s),Washer,Water Heater
  • Has view: Yes
  • View description: Territorial

Lot

  • Features: Curbs,Paved,Sidewalk

Parking

  • Total spaces: 2
  • Parking features: Individual Garage
  • Has garage: Yes
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,568$78,816
Home Insurance *$131$1,572
Property Taxes $822$9,864
Electricity $149$1,793
Total$7,670$92,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$262,971/yr
40% on housing$230,100/yr
45% on housing$204,533/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$658This listing

vs Other Active Listings

Avg $/sqft

ZIP 98008$597
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98008$703
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-07Listed for sale$1,299,000

New Construction

AgentSharon S. Gentry
BrokerageIntracorp Marketing&Sales LLC

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