NOT LISTED FOR SALE

1845 W Mercer Way Mercer Island, WA 98040

Estimated Value: $8,119,000 - $9,077,745

4 Beds
4.5 Baths
5,234 Sq Ft
$1,611/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $8,100,000 $1,548 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $51,663/month

9 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Spa
  • Northwood Elementary School Rated A
  • Wine Cellar
  • Lake View

About This Home

As of May 2024

Immerse yourself in the elegance of this Mercer Island waterfront retreat. Grand living spaces, water views from almost every room, and a kitchen with top-of-the-line appliances. The main floor also features an office, gym, wine cellar, and sauna. Upstairs, the primary suite is a tranquil haven with a walk-in closet and luxurious bath. Three additional bedrooms each enjoy captivating water views. Revel outdoors with 85± ft of pristine shoreline, expansive deck, and dock with 2 boat lifts. Glass-walled deck showcases spectacular sunsets, complemented by a hot tub & fire pit. This exceptional residence is a testament to the Mercer Island lifestyle, harmoniously blending thoughtful design and the joy of lakeside living.

Last Agent to Sell the Property

Bob Bennion

COMPASS License #4166 Listed on: 04/15/2024

COMPASS

Co-Listed By

Ned Hosford

COMPASS License #23007797

Last Buyer's Agent

Aleni Mang

eXp Realty License #45421

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2215644

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,854

Year Built

  • Built in 1988

Lot Details

  • 0.39 Acre Lot
  • Low Bank Waterfront Property
  • 85 Feet of Waterfront
  • Lake Front
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Garden

Parking

  • 3 Car Attached Garage
  • Driveway
  • Off-Street Parking

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 5,234 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 3 Fireplaces
  • Gas Fireplace
  • French Doors
  • Wine Cellar
  • Dining Room

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Hydromassage or Jetted Bathtub
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Spa
  • Bulkhead
  • Docks
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mercer Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7355700115

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,854

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1988
  • Buyer Agency Compensation: 2
  • Inclusions: Dishwashers,DoubleOven,Dryers,GarbageDisposal,Microwaves,Refrigerators,SeeRemarks,StovesRanges,TrashCompactor,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 5234
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 403

Interior Features

  • Fireplaces: 3
  • Basement: None
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Disposal, Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, See Remarks, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace (Primary Bedroom), French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Security System, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Wine Cellar, Fireplace, Water Heater
  • Living Area: 5234
  • Main Level Bathrooms: 2
  • Bathrooms: 4.25
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 5234
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 3
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(s),Trash Compactor,Washer(s)
  • FireplacesUpper: 1
  • NWM_NumberOfBathtubs: 3
  • NWM_NumberOfShowers: 5

Exterior Features

  • Roof: Cedar Shake
  • View: City, Lake, Mountain(s)
  • Lot Features: Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront Features: Bank-Low, Bulkhead, Lake
  • Waterfront: Yes
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • WaterfrontFootage: 85+/-

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecuritySystem, FullyFenced
  • Cooling: Central A/C, Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Forced Air
  • Heating Yn: Yes
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island

Lot Info

  • Parcel Number: 7355700115
  • Topography: Level,PartialSlope,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.3868
  • Lot Size Sq Ft: 16848
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Electric Car Charging,Fenced-Partially,Gas Available,High Speed Internet,Hot Tub/Spa,Moorage,Patio
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: Appraiser

Green Features

  • Power Production Type: Natural Gas

Tax Info

  • Year: 2023
  • Tax Annual Amount: 55854

Multi Family

  • EnergySource: Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 14, 2024
Sold by
Phan-Routos Michelle Thy
Bought by
Routos James D
Seller's Agent
Bob Bennion
COMPASS
Buyer's Agent
Aleni Mang
eXp Realty
List Price
$8,250,000
Sold Price
$8,100,000
Premium/Discount to List
-$150,000
-1.82%
Total Days on Market
9
Views
26
Current Estimated Value
$8,429,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,936
Avg. Annual Appreciation
3.77%

Purchase Details

Closed on
Jan 8, 2019
Sold by
Westerdal Jay P E
Bought by
Westerdal Jay P E and Westerdal Icy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,372,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 25, 2012
Sold by
Westerdalcorp Llc and Westerdal Jay P E
Bought by
Westerdal Jay P E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2011
Sold by
Westerdal Jay P E
Bought by
Westerdalcorp Llc

Purchase Details

Closed on
Jul 28, 2008
Sold by
Chang Young H and Park Jin Hee
Bought by
Westerdal Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,355,681
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2004
Sold by
Guyman Gregory W and Guyman Katherine A
Bought by
Chang Young Il and Park Jin Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,150,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 1993
Sold by
Prater Jr William N and Marcia Ann
Bought by
Guyman Gregory W and Guyman Katherine A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Routos James D $313 Equity Title Of Washington
Routos James D $8,100,000 Equity Title Of Washington
Westerdal Jay P E -- First American Title
Westerdal Jay P E -- None Available
Westerdalcorp Llc -- None Available
Westerdal Jay $4,793,831 Rainier Title
Chang Young Il $3,325,000 Transnation Ti
Guyman Gregory W $1,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Westerdal Jay P E $3,372,000
Previous Owner Westerdal Jay P E $1,150,000
Previous Owner Westerdal Jay P E $130,000
Previous Owner Westerdalcorp Llc $2,500,000
Previous Owner Westerdal Jay $3,355,681
Previous Owner Chang Young Il $2,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $8,100,000 -1.8% $1,548 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $8,250,000 -- $1,576 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $54,817 $8,374,000 $5,056,000 $3,318,000
2023 $55,854 $7,864,000 $4,770,000 $3,094,000
2022 $50,123 $9,110,000 $5,366,000 $3,744,000
2021 $48,105 $6,809,000 $4,417,000 $2,392,000
2020 $47,149 $6,012,000 $4,207,000 $1,805,000
2018 $48,934 $5,845,000 $3,929,000 $1,916,000
2017 $42,714 $5,642,000 $3,778,000 $1,864,000
2016 $39,731 $5,250,000 $3,454,000 $1,796,000
2015 $38,273 $4,755,000 $3,126,000 $1,629,000
2014 -- $4,377,000 $2,890,000 $1,487,000
2013 -- $3,730,000 $2,911,000 $819,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2215644

Northwest Multiple Listing Service (NWMLS)

APN: 735570-0115