NOT LISTED FOR SALE

2053 Faben Dr Mercer Island, WA 98040

Estimated Value: $3,823,000 - $11,482,057

6 Beds
1 Bath
9,120 Sq Ft
$839/Sq Ft Est. Value

Last Sold October 29, 2015

Last sale price $8,460,000 $928 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $47,378/month

61 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Lake View
  • Northwood Elementary School Rated A
  • In Ground Pool
  • Fruit Trees

About This Home

As of October 2015

Welcome to Fabulous Faben Drive! Built by famed PNW Builder, Norris Homes, enjoy luxury amenities in this gated masterpiece situated on 3/4 of an acre with 104' of Lake Washington waterfront & views of Seattle skyline. Dock w/ deep water moorage. Koi Pond, water features, 46' long Infinity pool, outdoor shower, BBQ & putting green. Marble & medallions, custom glass & granite. Two tailor-made metal staircases. True Chef's kitchen, apartment above garage. Elaborate home offices, gym, sauna & bars.

Last Agent to Sell the Property

Cherie Lang

Coldwell Banker Bain License #1940 Listed on: 07/14/2015

Coldwell Banker Bain

Co-Listed By

Luke Dunckley

Coldwell Banker Bain License #79830

Last Buyer's Agent

Shensheng Wang

Skyline Properties, Inc. License #48612

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM815531

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $81,667

Year Built

  • Built in 2005

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Dog Run
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Poured Concrete
  • Tile Roof
  • Wood Siding
  • Cement Board or Planked
  • Stucco

Interior Spaces

  • 1 Bathroom
  • 4 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Wall to Wall Carpet
  • Slate Flooring

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Disabled Access

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Bulkhead
  • Docks
  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 2439700005

Home Details

Home Type

Single Family

Est. Annual Taxes

$81,667

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Traditional
  • Approved Accessory Dwelling: Upper
  • Homebuilder: Norris Homes, Inc.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, 2nd Master Br, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, Disabled Access, Fireplace In Mstr Br, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Sauna, Security System, Skylights, Vaulted Ceilings
  • Floor Covering: Bamboo/Cork, Hardwood, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Approved Number of Bedrooms: 5
  • Bedrooms: 6.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 1
  • Bathrooms: 5.75
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 4
  • Fireplaces Main: 3
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Extra Finished Room: Upper
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 9120
  • Square Footage Finished: 9120

Exterior Features

  • Construction Methods: Standard Frame
  • Exterior: Cement Planked, Stucco, Wood
  • Foundation: Poured Concrete, Slab
  • Roof: Tile
  • View: City, Lake, Mountain
  • Waterfront: Bank-Low, Bulkhead, Lake, No Bank
  • Waterfront Frontage: 104
  • Pool: In-Ground

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 4

Utilities

  • Heating And Cooling: Central A/C, Forced Air, High Efficiency (Unspecified), Hot Water Recirc Pump
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 5
  • Sewer: Sewer Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Heater: Mechanical closet-garage-2 gas heaters
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island
  • Project: Fabens Point Waterfront

Schools

  • Elementary School: West Mercer Elem
  • Middle School: Isler Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Dimensions: 324x96x332x104
  • Lot Sq Ft: 31246
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Level, Partial Slope, Terraces
  • Parcel Number: 2439700005
  • Zoning Code: Residential
  • Zoning Jurisdiction: City
  • Lot Topography: Fruit Trees, Garden Space, Level, Partial Slope, Terraces

Tax Info

  • Tax Amount: 60506

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2021
Sold by
Guo Wei and Liu Min
Bought by
Pacific Mercer Llc
Current Estimated Value
$7,652,529

Purchase Details

Listed on
Jul 14, 2015
Closed on
Oct 12, 2015
Sold by
Norris John and Norris Rosa Monica
Bought by
Guo Wei and Liu Min
Seller's Agent
Cherie Lang
Coldwell Banker Bain
Buyer's Agent
Shensheng Wang
Skyline Properties, Inc.
List Price
$8,889,000
Sold Price
$8,460,000
Premium/Discount to List
-$429,000
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.01%
Original Mortgage
$4,670,000
Interest Rate
2%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 30, 2002
Sold by
Samis Foundation
Bought by
Norris John and Norris Rosa Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
7.13%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Pacific Mercer Llc -- None Available
Guo Wei $8,460,000 Stewart Title
Norris John $1,400,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guo Wei $4,670,000
Previous Owner Norris John $980,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2015 10/29/15 Sold $8,460,000 -4.8% $928 / Sq Ft
09/14/2015 09/14/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $8,889,000 -- $975 / 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 $81,667 $12,477,000 $6,088,000 $6,389,000
2023 $82,170 $11,941,000 $5,744,000 $6,197,000
2022 $78,608 $14,290,000 $6,462,000 $7,828,000
2021 $78,780 $10,680,000 $5,319,000 $5,361,000
2020 $74,578 $9,847,000 $5,066,000 $4,781,000
2018 $77,392 $9,246,000 $4,470,000 $4,776,000
2017 $67,546 $8,924,000 $4,299,000 $4,625,000
2016 $62,818 $8,303,000 $3,930,000 $4,373,000
2015 $60,519 $7,519,000 $3,557,000 $3,962,000
2014 -- $6,922,000 $3,288,000 $3,634,000
2013 -- $5,885,000 $2,963,000 $2,922,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM815531

Northwest Multiple Listing Service (NWMLS)

APN: 243970-0005