$1,550,000
Est. $7,862/mo7740 196th Avenue Ne, Redmond, WA 98053
• Listed 2025-03-10•118 days on market
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About this home
Prime development opportunity! Unleash your vision and imagination—boundless opportunities await for a custom home, or potential school, any business ventures in this highly desirable & visible Union Hill location. This precious & sought-after shy 2-acre parcel sits on a flat, cleared & sun-filled corner lot! Water, gas, electricity & septic available on property. With some work, the vintage home could be income-producing investment property. Unlimited potential! Unparalleled location, just minutes to I-520, Costco, Bellevue, shopping& parks. No HOA. Zoned RA5P. Value in land! LKWA schools. Lot 2 is also for sale / MLS# 2415276! Buyer to verify all info. Exceptional investment opportunity! Truly rare find!
Listed by Grace Lazarus • John L. Scott, Inc.
Listing updated: January 30, 2026 at 02:09pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2343010
Around this home
Schools
Ratings via SchoolDigger- School #180396614Public · Grades K-5 · 2.1 mi · State rank 11 of 1,0001/10
- School #1346787526Public · Grades 6-8 · 7.4 mi · State rank 918 of 1,0008/10
- School #713510414Public · Grades 6-12 · 6.4 mi · State rank 368 of 1,0004/10
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
Sold comparable homes
5 recent nearby sales, priced between $342K and $699K.
$373,000Last sold price
9805 Avondale Road Ne #k-236, Redmond, WA 98052
$342,000Last sold price
8845 166th Avenue Ne #b101, Redmond, WA 98052
$699,000Last sold price
8850 Redmond Woodinville Road Ne #305, Redmond, WA 98052
Property details
Mortgage payment forecast
$9,412 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Lifestyle
1.7/10
Car required
Almost all errands need a car
5.3/10
Bikeable
Some bike infrastructure
Provided by Walk Score
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Market pulse
Redmond is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 27 days.
Recent sales nearby
Within 1 mile · last 6 months$1,810,000 Sold
1 week ago
4 bd•2.5 ba•~3,910 sq ft•Single Family
8202 196th Avenue Ne, Redmond, WA 98053
5%
Under list
—
Days on market
0.1 mi
Distance
$842,500 Sold
3 weeks ago
3 bd•1.5 ba•~1,517 sq ft•Single Family
7528 206th Place Ne, Redmond, WA 98053
6%
Under list
—
Days on market
0.7 mi
Distance
$2,395,000 Sold
4 weeks ago
4 bd•3 ba•~4,060 sq ft•Single Family
20427 Ne 64th Place, Redmond, WA 98053
0%
Over list
—
Days on market
0.9 mi
Distance
$1,000,000 Sold
4 months ago
5 bd•1 ba•~2,050 sq ft•Single Family
9120 209th Avenue Ne #ne, Redmond, WA 98053
13%
Under list
—
Days on market
1.0 mi
Distance
$985,000 Sold
5 months ago
3 bd•1 ba•~1,600 sq ft•Single Family
20904 Ne 91st Street, Redmond, WA 98053
0%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 29, 2026 at 12:12 PM PDT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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