10515 221st Ln, Redmond, WA 98053

3 bd · 1 ba · 1,341 sqft · built 2000 · Redmond · CONDOS·source listing ↗

$635,000

$649,900 first listed

seller intel

Price cut

−2.3%

from $649,900

Motivation score

20/100

OnePercent model (vv1)$2,970/mo

p10–p90 confidence band

HUD Fair Market Rent · 98053 · 3BR$4,330/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

King

Flood risk indexRelatively High FEMA NRI

Median household income$192,292

Median area rent$2,664/mo

Median home value$1,213,600

the verdict

0.47%vs 0.8% target

wide confidence band

financing: 20% down · — (FRED, live) · 30yr

$635,000

0.47% · rent $2,970

Intrinsic value · income approach

$996,462

36% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.