Seattle · Commercial sale

Red Gold Property Owners buys 22850 NE 8th St in Sammamish for $56.43 million

An apartment complex at 22850 NE 8th St, Sammamish sold for $56,425,750 on September 25, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 29, 2026

Sold September 25, 2026 · King County, Washington

Aerial view of 22850 NE 8th St, Sammamish with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: King County Assessor. The photo can predate the sale.

Sale price: $56,425,750
Sold: September 25, 2026
Property type: Apartment complex
Lot size: 184,259 sq ft

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 25, 2026

Seller's estimated net sheet

22850 NE 8th St, Sammamish

Sale price	$56,425,750
Title and settlement
Owner's title insurance policy	$108,533.92
Escrow fee	$700
Transfer taxes and recording
State real estate excise tax (graduated)	$1,661,847.50
Local real estate excise tax (0.50%)	$282,128.75
REET technology fee	$5
Prorations
Property tax proration (seller owes)	$121,044.83
Other costs
Wire / courier / payoff processing	$60
Total deductions	$2,174,320
Estimated net to seller	$54,251,430

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NetSheet.orgSeptember 25, 2026

Buyer's estimated net sheet

22850 NE 8th St, Sammamish

Purchase price (cash)	$56,425,750
Title and settlement
Escrow fee	$700
Transfer taxes and recording
Deed recording fee	$304.50
Credits
Property tax credit from seller	$121,044.83
Closing costs and prepaids	$1,004.50
Estimated cash to close	$56,305,709.67

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What these figures assume

No brokerage commission is shown: commissions on commercial deals vary and are not in the public record.
The seller figure is before any loan payoff.
The buyer side assumes a cash purchase with no financing.
REET technology fee: $5 per affidavit (confidence medium)
Annual property tax estimated at 0.90% of price ($507,832).
Title and settlement fees are typical estimates, not quotes.

Selling in Sammamish?

The apartment complex at 22850 NE 8th St in Sammamish sold for $56,425,750 on September 25, 2026, according to the King County Department of Assessments' sales records.

The record lists Red Gold Property Owners LLC as the buyer and Saffron Partners LLC as the seller.

The Assessor's records show a 4.23-acre lot. Its market value on record is $54,313,000.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in King County?

By our estimate, the seller's two largest charges, not counting prorations, were $1,661,847.50 for the state real estate excise tax (graduated) and $282,128.75 for the local real estate excise tax (0.50%). Who pays what follows King County custom.

How much did the seller net?

By our estimate, the seller netted about $54,251,430. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $56,305,710 at closing. That covers the full price and closing costs.

Run this net sheet with your numbers (free)

22850 NE 8th St, Sammamish, WA.

Source: King County Department of Assessments, real property sales, document 3397344. Property details: King County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.