3562 120th Avenue SE, Bellevue, WA, 98006
About This Home
Rare development opportunity in Bellevue offering two parcels with a combined 17,000+ sq. ft. in the highly sought-after Newport Shores. This exceptional site presents partial water-view potential and strong upside for higher-density redevelopment, making it an attractive option for builders and developers seeking maximum land value. The existing residence is fully rentable, providing immediate income while pursuing design, permitting, and redevelopment plans. The seller has invested over $100,000 over the years for subdivision. Utilities are largely in place, with water, sewer, and electricity already on site; gas is available at the street, simplifying future development planning. Top-rated Bellevue School District. Prime location just minutes from I-405 and I-90, as well as nearby amenities including Factoria Mall, T&T Supermarket, the T-Mobile Corporate Office, numerous parks, and Downtown Bellevue. An outstanding opportunity to secure land in one of Bellevue’s most desirable neighborhoods with strong development potential.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1965
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1965
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Partially Finished
Bathroom Full
- Level: Main
Bathroom Full
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Window features: Skylight(s)
- Flooring: Hardwood,Vinyl,Carpet
- Number of fireplaces: 1
- Fireplace features: Wood Burning,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Forced Air,Heat Pump,Electric
- Cooling features: None
Interior Area
- Total structure area: 1,990
- Total interior livable area: 1,990 sqft
Kitchen Without Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Utility Room
- Level: Lower
Property
Details
- Parcel number: 5448300285
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Fireplace,Skylight(s)
- Has view: Yes
- View description: Lake,Partial,Territorial
- Has water view: Yes
- Water view: Lake
- Topography of land: Sloped
Lot
- Lot size: 0.39 Acres
- Features: Paved,Value In Land,Cable TV,Deck,Fenced-Partially,High Speed Internet
Parking
- Total spaces: 1
- Parking features: Attached Garage
- Has garage: Yes
- Covered spaces: 1
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
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 | $14,158 | $169,896 |
| Home Insurance * | $306 | $3,672 |
| Property Taxes | $1,662 | $19,944 |
| Electricity | $149 | $1,793 |
| Total | $16,275 | $195,300 |
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 |
|---|---|---|
| 2026-03-11 | Listed for sale | $2,800,000 |
| 2003-05-05 | Sold | $333,600 |
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