We review association documents and resale certificates for clients on a regular basis. Every week we post stats and something fun or interesting.

This week it is Bellevue Highlands with 240 residential units in the Overlake part of Bellevue.

• Average Sale Price – ~$469 per sq.ft. (based on eight sales over the last six months)
• Currently For Sale:
  • Unit #F103 listed at $339k or approximately $499 per sq.ft
  • Let us know if you are interested in purchasing a condo at Bellevue Highlands and we’ll add you to our distribution list
• Average Monthly Assessment – $0.64 per sq.ft. (so if your condo is 1,000 sq.ft. you’d be paying ~$640/month).
• Move-in Fee – yes, $250.
• Pets – domestic pets are allowed, no limits.
• Rental cap – no.
• EQ insurance – yes.
• Reserve funding – 25.5% (at least 70% is generally recommended)
• Risk of special assessment – a 15-year special assessment was recently levied to fund a rehab of building exteriors.

Fun fact – nothing overly exciting is happening at Bellevue Highlands. The community is plugging along, stabilizing itself following the major construction project, and completing a variety of minor repair and maintenance items that weren’t part of the initial project. Bellevue Highlands has a swimming pool, a tennis court, and a centralized mailroom for all units. Yes, all 240 owners check their mail in a separate building at the pool vs. in the lobby of their own building.

Want us to help you review a resale cert?
Have an interesting fact to share about your association?
Need help buying or selling? We are here for you!

And of course a fancy disclosure has to follow because attorneys tell us it is a good idea – all information contained herein is based on third party records, is not guaranteed, and is subject to change. We simply review, tell you what we read in someone else’s docs, and hope whatever they have is / was correct at that time.