Seller's Agent in 2012
Peggy Watkins
Coldwell Banker Bain
(206) 679-5444
22 Total Sales
2 Meadow Ln Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $4,334,000 - $6,241,000
5
Beds
1
Bath
4,670
Sq Ft
$1,151/Sq Ft
Est. Value
Highlights
- Docks
- Lake View
- Wood Flooring
- Lakeridge Elementary School Rated A
- Deck
- 3 Fireplaces
About This Home
As of October 2012Follow the brick path to this impressive 5 BR, 4.25 BA, 4,670+ sf traditional home overlooking the sun-washed .95 acre lot with mature gardens and raised beds. 45’ of shared waterfront, 1/8 interest and moorage are your gateway to fun on the lake...or just enjoy an evening at the water’s edge watching the sunset. Two bedrooms on the main level as well as office and formal living and dining rooms. Downstairs are three bedrooms, a 2nd kitchen, bonus and rec room Unbelievable flex space!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM357852
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,421
Year Built
- Built in 1958
Lot Details
- Street terminates at a dead end
- Partially Fenced Property
- Corner Lot
- Level Lot
- Sprinkler System
- Garden
Parking
- Attached Garage
Property Views
- Lake
- City
- Mountain
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shake Roof
- Wood Siding
Interior Spaces
- 1 Bathroom
- 3 Fireplaces
- Natural lighting in basement
- Washer
Kitchen
- Double Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Outdoor Features
- Docks
- Deck
- Patio
Utilities
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2524049116
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 21, 2021
Sold by
Burks and Alyson
Bought by
Revocable Trust and Burks Alyson Ryder
Total Days on Market
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Outstanding Balance
$900,079
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$4,748,066
Purchase Details
Listed on
May 17, 2012
Closed on
Sep 18, 2012
Sold by
Merrell Robert Bruce and Merrell Lynne
Bought by
Burks Justin and Burks Alyson
Seller's Agent
Peggy Watkins
Coldwell Banker Bain
Buyer's Agent
Paula Holtzclaw
Coldwell Banker Bain
List Price
$1,640,000
Sold Price
$1,640,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$1,134,000
Interest Rate
2.87%
Purchase Details
Closed on
Jul 28, 1983
Sold by
Bridenbaugh Jr Lloyd D and Bridenbaugh Nancy C
Bought by
Merrell Robert Bruce and Merrell Lynne
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Revocable Trust | $313 | Lane Powell Pc | |
| Burks Justin | $1,640,000 | Chicago Title | |
| Merrell Robert Bruce | $425,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Revocable Trust | $972,000 | |
| Previous Owner | Burks Justin | $1,000,000 | |
| Previous Owner | Burks Justin | $1,134,000 | |
| Previous Owner | Merrell Robert B | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2012 10/01/12 | Sold | $1,640,000 | 0.0% | $351 / Sq Ft |
| 07/26/2012 07/26/12 | Pending | -- | -- | -- |
| 05/17/2012 05/17/12 | For Sale | $1,640,000 | -- | $351 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $29,421 | $4,493,000 | $3,107,000 | $1,386,000 |
| 2023 | $29,602 | $4,300,000 | $2,932,000 | $1,368,000 |
| 2022 | $25,795 | $4,809,000 | $3,299,000 | $1,510,000 |
| 2021 | $25,853 | $3,503,000 | $2,716,000 | $787,000 |
| 2020 | $28,149 | $3,230,000 | $2,587,000 | $643,000 |
| 2018 | $27,309 | $3,489,000 | $2,312,000 | $1,177,000 |
| 2017 | $23,064 | $3,148,000 | $2,091,000 | $1,057,000 |
| 2016 | $21,455 | $2,834,000 | $1,912,000 | $922,000 |
| 2015 | $20,668 | $2,567,000 | $1,731,000 | $836,000 |
| 2014 | -- | $2,363,000 | $1,600,000 | $763,000 |
| 2013 | -- | $1,736,000 | $1,462,000 | $274,000 |
Source: Public Records
Agents Affiliated with this Home
-
Peggy Watkins
-
Paula Holtzclaw
P
Buyer's Agent in 2012
Paula Holtzclaw
Coldwell Banker Bain
5 in this area
37 Total Sales
Map
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Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM357852
APN: 252404-9116
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Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.
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