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23911 SE 8th Place
Score
0
Sammamish, WA

23911 SE 8th Place

2.1M
4 bd • 4 ba • 3,483 sf

This analysis was generated 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%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

9.0/10
Excellent

Middle

8.0/10
Excellent

High

10.0/10
Excellent

Financials

Monthly Costs
Market Rent (4 bed)

$2,740

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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