4030 Factoria Boulevard SE, Bellevue, WA, 98006
About This Home
Prime Factoria development opportunity in Bellevue! This 12,555 SF (0.29-acre) lot is zoned MDR-2 (Medium Density Residential), offering strong potential for 7–8 townhomes or small multifamily development (buyer to verify). Ideally located near the end of a quiet dead-end street off SE 40th Ln, the property provides a private residential setting with convenient access to Factoria Blvd SE. Excellent opportunity for builders or investors seeking a well-positioned infill site with upside potential. Boundary and topographic surveys have been completed, helping streamline early planning and entitlement. Situated in the desirable Factoria neighborhood—just minutes to Factoria Mall, T&T Supermarket, Target, dining, and daily amenities. Easy access to I-90 and I-405 with convenient commutes to Downtown Bellevue, Seattle, and major employers including T-Mobile. Located within the Bellevue School District, including Newport Senior High. The existing 1,440 SF, 2-bedroom, 1-bath home provides interim rental income while development plans are pursued. Property sold for land value. Buyer to verify all zoning, density, setbacks, parking, and development requirements with the City of Bellevue.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Fair
- Year built: 1958
Materials
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s)
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Dining Room
- Flooring: Hardwood
- Fireplace features: Electric
Heating & Cooling
- Heating features: Forced Air,Electric
- Cooling features: None
Interior Area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
Property
Details
- Parcel number: 1624059262
- Zoning: MDR2
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Dining Room
Lot
- Lot size: 0.29 Acres
- Features: Dead End Street,Value In Land
- Lot size dimensions: 135 x 93
Parking
- Total spaces: 2
- Parking features: Detached 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
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,377 | $136,524 |
| Home Insurance * | $245 | $2,940 |
| Property Taxes | $1,335 | $16,020 |
| Electricity | $149 | $1,793 |
| Total | $13,106 | $157,272 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Listed for sale | $2,250,000 |
| 2022-11-16 | Listing removed | -- |
| 2022-09-15 | Listed for rent | $2,650 |
| 2020-08-20 | Listing removed | $2,400 |
| 2020-08-03 | Listed for rent | $2,400 |
| 2017-07-31 | Listing removed | $2,200 |
| 2017-07-12 | Listed for rent | $2,200 |
| 2014-05-01 | Listing removed | $1,800 |
| 2014-04-15 | Listed for rent | $1,800 |
| 2012-06-11 | Listing removed | $1,600 |
| 2012-06-07 | Listed for rent | $1,600 |
| 2010-03-22 | Sold | $420,000 |
| 2009-11-07 | Listing removed | $498,000 |
| 2009-09-29 | Price change | $498,000 |
| 2009-09-05 | Listed for sale | $548,000 |
| 2007-04-13 | Sold | $760,000 |
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