RexMont
Northwest contemporary hillside home of glass and warm wood in Bellevue, Washington, with downtown Bellevue's skyline rising beyond Lake Washington and Meydenbauer Bay

Sell my house — Surrey Downs Bellevue

Sell your Surrey Downs home: mid-century original or new build, a block from downtown and the East Main light-rail station.

Surrey Downs is an eight-block tract south of Main Street between 108th and 112th Avenues SE, laid out in 1952 on an old orchard by architects Mithun and Nesland. Today it holds two products: original contemporary ramblers with carports and preserved native trees, and custom new construction on 8,700-to-13,700-square-foot lots. Both sit a walk from downtown Bellevue and the East Main station. RexMont prices the land, the house and the location as three separate lines.

1,242 Google reviews — Seattle and the Eastside's most-reviewed real estate brokerage
Adriano Tori, Designated Broker — RexMont Real Estate

Page author

Adriano Tori

Founder & Designated Broker — RexMont Real Estate · WA Lic. #27660

Adriano leads RexMont Real Estate — the most-reviewed real estate brokerage in Seattle and the Eastside. 1,200+ closed transactions, $1B+ in production, and 1,242 five-star Google reviews.

5.0 · 1,242 Google reviewsBest of 2026NWMLS MemberAbout Adriano →

Selling in Bellevue — the numbers

Updated

What a Bellevue sale costs in Washington

The median asking price in Bellevue is $1.95M (Stats updated October 2026) and Washington excise tax on a sale at that price is $40,013. Asking prices of homes currently listed, not closed sales.

Sell fast or list

What a quick cash sale and a listed sale each net at the Bellevue median asking price

Same home, same October 2026 median asking price of $1,950,000, same mortgage payoff. The cash columns run the instant-offer range RexMont models, 5% and 15% below that asking price, as-is, with no commission and no prep; Washington REET, title and the payoff are still due.

List on the open market
$1,950,000 sale price
$1,110,088
Estimated net · baseline
Cash offer 5% below asking
$1,855,000 offer
$1,130,675
Estimated net · +$20,588 vs listing
Cash offer 15% below asking
$1,660,000 offer
$942,013
Estimated net · −$168,075 vs listing

The $188,663 between the two cash columns is what a written offer settles; a program fee or a repair credit deducted after inspection moves it further. Bring any offer you already hold: the review costs nothing and you keep every option, including taking the cash.

Compare a written cash offer against a broker-tested listing price

A modelling range RexMont uses until a written offer exists, not a quote from any buyer; program fees are not modelled. For context, Research summaries have placed the total cost of instant-offer programs to sellers at roughly 13–15% of the home’s value.

Washington REET tiers for a Bellevue sale

Washington real estate excise tax tiers for a Bellevue home sale
Portion of sale priceState REET
Up to $525,0001.10%
$525,001 to $1,525,0001.28%
$1,525,001 to $3,025,0002.75%
Above $3,025,0003.00%
King County local REET — on the full price0.50%

Each rate applies only to the slice of the price inside its tier; the seller pays at closing. Breakpoints move to $551,000, $1,551,000 and $3,051,000 for closings on or after January 1, 2027; rates unchanged.

State schedule (2023–2026 schedule) per the Washington Department of Revenue, verified October 2026. Local rate per DOR’s local REET rate table, rates effective May 2026.

Worked example at the Bellevue median

Sale price (city median, rounded)
$1,950,000
Commission (5% total)
−$97,500
Washington REET (state + local)$30,263 state (2023–2026 schedule) + $9,750 local
−$40,013
Title and escrow
−$2,400
Pre-listing prep
−$15,000
Mortgage payoff (example: 35% of price)
−$685,000
Estimated net proceeds
$1,110,088

Selling costs of $154,913 (7.9% of price), computed with the same function as the calculator below, on the 2023–2026 schedule. An estimate for planning, not a quote; your payoff, prep and title fees replace the example values.

Run your own Bellevue numbers below

Figures reviewed by Adriano Tori, Designated Broker and Owner, RexMont Real Estate · WA Lic. #27660 · market figures updated , REET schedule per the Washington Department of Revenue.

Neighborhood
Surrey Downs, Bellevue
Reviews
1,242 Google 5-star
Production
$1B+ closed
Transactions
1,200+

As of October 2026, the median listing price in Bellevue is $1.95M ($897 per square foot), and homes are averaging 53 days on market.

Stats updated October 2026· refreshed monthly and reviewed by RexMont's brokerage team.

By property type

The headline figures above blend every active residential listing in Bellevue. Single-family, condo, and townhouse markets move differently, so the breakdown below is what to quote when comparing one property type across cities.

Property typeMedian list pricePrice / sq ftDays on marketActive listings
Single-family$3.9M$96538151
Condo$925K$84169165
Townhouse$1.38M$7312922

Active listings is the sample size behind each row. Same source and refresh date as the headline figures.

Methodology & data sources

Market statistics on this page — median listing price, price per square foot, and days on market — are computed from active residential listings in Bellevue, WA, sourced from RentCast, a licensed real-estate data provider aggregating MLS records and county public records. Figures refresh the first week of every month (current data: October 2026) and are reviewed by RexMont Real Estate's brokerage team (WA firm license #21220). Individual property listings shown on this page come from the live NWMLS feed. Historical figures are not restated after publication.

Journalists: monthly figures for 47 Puget Sound cities are available on a citable, dated page for each market. For custom cuts, methodology questions, or to receive the monthly refresh, contact adriano@rexmont.com. Please attribute "RexMont Real Estate market report" with a link to this page.

Market context

In Surrey Downs the first question is whether you are selling a house or a lot. The answer sets the price.

Surrey Downs occupies about 80 acres of former orchard south of downtown Bellevue, entered from Main Street at 110th Avenue SE and running eight blocks south, bounded by 108th and 112th Avenues SE with I-405 immediately east. Roxbury Homes built it in 1952 through 1954 to designs by Mithun and Nesland: two- and three-bedroom contemporaries with carports, open plans and irregular lots that kept the native trees. The state's historic preservation office has judged the tract eligible as a National Register historic district. That history is a selling point for one buyer pool and irrelevant to another, and the listing has to be written for the one that will pay the most for your specific home.

The neighborhood now trades in two products. Well-kept or updated originals on 8,700-to-13,700-square-foot lots draw buyers who want a mid-century home a walk from downtown. Custom new construction from builders like MN Custom Homes and Bellshire draws buyers who want a new house on a West Bellevue lot without a West Bellevue waterfront price, and it sets the land value that every original home is measured against. Per-square-foot prices here are among the highest in Bellevue precisely because the lot carries so much of the value. RexMont runs the comparable analysis both ways, as a home and as a lot, and tells you which buyer to market to.

Location is the constant. East Main station on the 2 Line opened in April 2024 at 229 112th Avenue SE with a multi-use path into Surrey Downs and no commuter parking, which keeps the streets quiet; permanent sound walls shield the neighborhood from the tracks. Surrey Downs Park, 10.5 acres on the former elementary school and courthouse site, opened in 2019 with a great lawn, playground and sport court, and its only vehicle entrance is from SE 4th Street inside the neighborhood. Downtown Bellevue, Meydenbauer Beach Park and the Main Street restaurants are a walk. Schools are Enatai Elementary, Chinook Middle and Bellevue High.

Inventory is the other lever: Surrey Downs sees roughly a dozen or so sales a year and often has no active listing at all, so a well-prepared home arrives with no direct competition. RexMont's launch plan for Surrey Downs leads with the walk-to-downtown and walk-to-light-rail story, states the historic context and the I-405 adjacency plainly, and prices from closed sales in your product type rather than the neighborhood blend. The net-proceeds calculator below shows what a Surrey Downs sale nets after commission, Washington excise tax and closing costs; excise tax matters more here because prices run high.

Coverage

Service area at a glance

RexMont represents buyers and sellers across these Seattle and Eastside markets. Click any city for the full local guide.

Bellevue, WA

ZIPs: 98004 · 98005 · 98006 · 98007 · 98008

Schools: Bellevue SD

Medina, WA

ZIP: 98039

Schools: Bellevue SD

Clyde Hill, WA

ZIP: 98004

Schools: Bellevue SD

Mercer Island, WA

ZIP: 98040

Schools: Mercer Island SD

Kirkland, WA

ZIPs: 98033 · 98034

Schools: Lake Washington SD

Redmond, WA

ZIPs: 98052 · 98053

Schools: Lake Washington SD

Sammamish, WA

ZIPs: 98074 · 98075

Schools: Lake Washington / Issaquah SD

Issaquah, WA

ZIPs: 98027 · 98029

Schools: Issaquah SD

Newcastle, WA

ZIPs: 98056 · 98059

Schools: Renton SD

Woodinville, WA

ZIPs: 98072 · 98077

Schools: Northshore SD

Kenmore, WA

ZIP: 98028

Schools: Northshore SD

Seattle, WA

ZIPs: 98101 · 98109 · 98112 · 98115 · 98118

Schools: Seattle Public Schools

Thinking of buying in Surrey Downs?

Search Surrey Downs homes with guidance on pricing, school assignments, and offer strategy from Bellevue's most-reviewed team.

Search Surrey Downs homes

Start your Surrey Downs sale

Get an accurate Surrey Downs home value and a listing strategy that reaches the buyers driving demand in this Bellevue neighborhood.

Request your home value

Net-proceeds calculator

See exactly what you’ll net before you list.

Plug in your Bellevue home’s value, mortgage payoff, and a few details — we’ll show your real net proceeds after commission, Washington REET, and closing costs, and email you the full sheet.

Your target list/sale price — or get an agent-prepared estimate.

$

Enter the combined brokerage compensation you expect to pay. Fees are negotiated; this editable example is not a quoted rate.

%

Remaining principal from your latest statement.

$

Paint, staging, cleaning, photography, minor repairs.

$

Use a quote from your title and escrow providers.

$

Washington's state excise-tax breakpoints step up for sales closing on or after January 1, 2027 (rates unchanged). The calculator applies the schedule in force on this date.

Using the 2023–2026 schedule: 1.10% to $525K, 1.28% to $1.525M, 2.75% to $3.025M, 3.00% above, plus 0.50% King County.

Estimated net proceeds

$919,838

after $130,163 in selling costs (7.9% of price) and mortgage payoff

Sale price$1,650,000
Agent commission (5%)−$82,500
WA excise tax (REET)$22,013 state (2023–2026 schedule) + $8,250 King County−$30,263
Title & escrow−$2,400
Prep & staging−$15,000
Mortgage payoff−$600,000
Net to you$919,838

Email me this net sheet

Get a copy of these estimates. A RexMont broker can help review the assumptions for your property.

No obligation. ★ 1,242 five-star reviews.

Estimates for educational purposes only. Not financial, tax, legal, or investment advice. Actual REET, commission, escrow, and payoff figures vary by transaction and closing date. King County REET shown is the state graduated tax plus the 0.50% local portion; the state breakpoints step up for closings on or after January 1, 2027. Verify current rates with WA DOR and your CPA before acting.

Live NWMLS data

Active homes for sale around Surrey Downs (98004)

Live NWMLS listings in Surrey Downs's ZIP code, refreshed hourly — the competition your home will launch against.

Related markets

Compare nearby Eastside markets.

Representation in Bellevue

Pricing, offers and negotiation from a Bellevue real estate agent, or buyer-side representation from a Bellevue buyer's agent.

Browse Bellevue by home type

Renting it out instead? Bellevue property management

FAQ

Questions buyers and sellers ask first.

Who buys homes in Surrey Downs?

Two distinct pools. Buyers of the original 1952–54 Mithun and Nesland contemporaries want a mid-century home with mature trees a walk from downtown Bellevue and the East Main light-rail station; many work downtown or in Seattle and value the train. Buyers of the custom new builds, and of originals they intend to replace, are paying for the lot and the location and comparing against West Bellevue and Enatai. RexMont markets each Surrey Downs listing to the pool that will pay the most for that specific property.

How should I price my Surrey Downs home?

Twice. First as a house, against recent closed sales of comparable originals or new builds in the tract and adjacent West Bellevue. Second as a lot, against what builders and teardown buyers have paid for similar 8,700-to-13,700-square-foot parcels. Whichever is higher tells you who the buyer is. Because Surrey Downs trades only about a dozen homes a year, RexMont widens the window to twelve months and adjusts for condition rather than borrowing comps from a different neighborhood.

Does the East Main light-rail station help or hurt a Surrey Downs sale?

It helps. East Main opened in April 2024 with entrances facing 112th Avenue SE, a multi-use path into the neighborhood, no commuter parking and permanent sound walls, so Surrey Downs gets the train without the traffic. Downtown Seattle's International District is about seventeen minutes by rail and downtown Bellevue is one stop. RexMont puts the walk time to the station in the first paragraph of the listing and addresses the I-405 adjacency directly, because buyers will ask about both.

Is Surrey Downs a historic district, and does that restrict what I can do?

The tract has been judged eligible as a National Register historic district for its Mithun and Nesland designs, and it was named to the Washington Trust's Most Endangered list in 2009 during East Link planning, later marked saved. Eligibility is not the same as a local landmark designation and does not by itself block a remodel or a rebuild; the recent custom new construction on the block shows that. RexMont states the history accurately in the listing and confirms any address-specific restrictions before we publish.

Can RexMont help me sell my home in Surrey Downs?

Yes. RexMont lists across West Bellevue including Surrey Downs, with a house-and-lot comparable analysis, disclosure of the historic context and freeway adjacency, professional photography and video, pre-listing preparation guidance and targeted digital marketing to both buyer pools. 1,242 Google five-star reviews and $1B+ in closed production back every listing. Start with the net-proceeds calculator on this page or request your home value.

Sell your Surrey Downs home with Seattle and the Eastside's most-reviewed brokerage.

RexMont brings local Bellevue expertise, accurate pricing, and 1,242 Google five-star reviews to your Surrey Downs listing.

Get my Surrey Downs home value
Call (425) 217-5630Free seller consult

RexMont · 1,242 Google reviews · No obligation