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23911 SE 8th Place
Sammamish, WA

23911 SE 8th Place

2.1M
4 bd • 4 ba • 3,483 sf

This analysis was generated by artificial intelligence on 2/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$2,148,000

Price/Sq.Ft

$617

Year Built

2000

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Chef-inspired kitchen with quartz countertops and new cabinetry • Large bonus room adding versatility to the living space • Spacious 1/3-acre lot in a peaceful cul-de-sac • Three-car garage and enormous under-house storage space • Proximity to top-rated schools (Discovery Elementary, Pine Lake Middle, Skyline High) enhances long-term value. • Updated features and desirable amenities (chef-inspired kitchen, bonus room, large backyard) appeal to modern buyers. • Located near shops and parks, increasing desirability. • School Quality: The presence of top-rated schools (Discovery Elementary, Pine Lake Middle School, and Skyline High School) is a significant driver of property value in Sammamish. Homes in this area typically command a premium due to the desirability of the school district. • After accounting for ~$8,000 in repairs, this property could still have $94,000 in potential equity (requires significant renovation investment) • Rental Potential: $62,040 estimated annual revenue (after renovations)

The Bad

• Potential updates to the bathrooms to match the kitchen's modern aesthetic (Estimated Cost: $5,000) • Landscaping enhancements to further enhance curb appeal (Estimated Cost: $3,000) • Air quality risk is severe (7/10) with 10 bad air days per year, potentially impacting buyer interest. • Significant price increase since last sale in 2015 may limit future appreciation potential. • Potential changes in interest rates could affect affordability and buyer demand. • Safety Concern: Score 7.8/10 - Specific crime data for the immediate neighborhood is unavailable, but Sammamish generally has lower crime rates compared to larger cities in the Seattle metropolitan area. Further research into local crime statistics is recommended.

The Ugly

• The listing history shows a significant price increase (138.7%) since 2015, which may warrant further investigation into the reasons behind the increase. • Air Quality Risk is rated as SEVERE (7/10), which may be a concern for some buyers. • Climate Risk: While the property has minimal flood, fire, and wind risks, the severe air quality risk (7/10) with 10 bad air days per year could impact long-term health and outdoor activities. Heat risk is minor, but increasing temperatures could lead to higher energy consumption for cooling.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $62,040 with 99% occupancy rate Value Investors: Projected 18.7% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $8,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$216,337

Property History

Price History
Ownership Timeline
$900,000Financed
Mar 4, 2015
James C Gurke, Christina M GurkeZhiping He, Yong Ma
Warranty Deed
Standard Sale (Purchase/Resales)
$569,200Financed
Dec 1, 2000
Conner Homes Company, Chateau Development IncJames C Gurki, Christina M Gurke
Warranty Deed
New Construction Residential Transactions

Property Taxes

$15,244
2023 Tax Assessment
9.0%from previous year
Assessed Value$1,628,000
Tax Rate0.94%

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 98075. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$1,853,333
$600/sqft
4.4%
Change from last month
Your price: $2.1M (+16%)
Your price/sqft: $617/sqft (+3%)
38
7 sold last month
52.0%
Change from last month
25 days
Average for homes in this area
56.5%
Change from last month
0

Sale Price Distribution

Last month
1
Over Asking
homes
3
At Asking
homes
3
Under Asking
homes
Total: 7 homes sold

If you're buying a home in 98075, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Sale Time Distribution

Last month
5
Under 30 Days
homes
Your property
1
30-90 Days
homes
1
Over 90 Days
homes
Total: 7 homes sold

Many homes in 98075 are selling fast, if you're buying plan to act quickly.

Risk Assessment

Climate Risks

airMAJOR

10 bad air quality days per year

heatMINIMAL

7 extreme heat days per year

98th percentile: 87°F

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• Air quality risk is severe (7/10) with 10 bad air days per year, potentially impacting buyer interest. • Significant price increase since last sale in 2015 may limit future appreciation potential. • Potential changes in interest rates could affect affordability and buyer demand. • Climate & Insurance: Mitigation costs related to climate risks are expected to be low, focusing on air filtration systems for the home to address air quality concerns. Consider energy-efficient upgrades to offset potential increases in cooling costs due to rising temperatures. • The listing history shows a significant price increase (138.7%) since 2015, which may warrant further investigation into the reasons behind the increase. • Air Quality Risk is rated as SEVERE (7/10), which may be a concern for some buyers.
Insurance
Annual Cost

$7,733

$644 per month

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Schools

Discovery Elementary School

PublicGrades PK-5
9/5
Primary
1 mi
Get more information on GreatSchools

Pine Lake Middle School

PublicGrades 6-8
8/5
Middle
1.5 mi
Get more information on GreatSchools

Skyline High School

PublicGrades 9-12
10/5
High
0.4 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (4 bed)

$5,170

Get a detailed estimate on Zillow®
HOA Fee

$52

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$2,148,000
Price/sqft
$617
Layout
4 bd4 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,943,833

10.5%

Your price is 10.5% above average

Median Price

$2,270,000

5.4%

Based on 6 recent sales

Price per Sq.Ft

$539

14.4%

Your price is 14.4% above average $/sqft

Comparable Properties

649 Windsor Drive SE, Sammamish, WA 98074
Price: $1,100,000
Sq.Ft: 3,390
Beds/Baths: 4/4
$/Sq.Ft:
$32447.4%
Sale Date: 9/6/2024
24630 SE 24th Street, Sammamish, WA 98075
Price: $2,270,000
Sq.Ft: 3,150
Beds/Baths: 4/4
$/Sq.Ft:
$72116.9%
Sale Date: 9/18/2024
22179 SE 1st Place, Sammamish, WA 98074
Price: $2,560,000
Sq.Ft: 3,900
Beds/Baths: 5/4
$/Sq.Ft:
$6566.4%
Sale Date: 9/12/2024
322 240th Place SE, Sammamish, WA 98074
Price: $958,000
Sq.Ft: 4,030
Beds/Baths: 4/4
$/Sq.Ft:
$23861.5%
Sale Date: 9/6/2024
1497 244th Place SE, Sammamish, WA 98075
Price: $2,870,000
Sq.Ft: 4,163
Beds/Baths: 5/4
$/Sq.Ft:
$68911.8%
Sale Date: 9/12/2024
23965 SE 10th Street, Sammamish, WA 98075
Price: $1,905,000
Sq.Ft: 3,150
Beds/Baths: 5/3
$/Sq.Ft:
$6051.9%
Sale Date: 1/23/2025

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