NOT LISTED FOR SALE

2408 W Mercer Way Mercer Island, WA 98040

First Hill Neighborhood

Estimated Value: $2,721,000 - $3,398,000

4 Beds
4 Baths
4,080 Sq Ft
$751/Sq Ft Est. Value

About This Home

This home is located at 2408 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $3,065,894, approximately $751 per square foot. 2408 W Mercer Way is a home located in King County with nearby schools including West Mercer Elementary School, Islander Middle School, and Mercer Island High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2011
Sold by
James Nancy
Bought by
Nayfeh Basem and Yazdidoost Rawia
Current Estimated Value
$3,065,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$844,000
Outstanding Balance
$572,857
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$2,493,037

Purchase Details

Closed on
Mar 15, 2007
Sold by
Yazdidoost Kamran
Bought by
Yazdidoost Kamran and Hassan Homa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
6.31%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 27, 2006
Sold by
Hassan Homa M
Bought by
Yazdidoost Kamran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
8.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2005
Sold by
Dore George David
Bought by
Streckenbach Keith L and Streckenbach Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2005
Sold by
Dore Geraldine J
Bought by
Geraldine J Dore Revocable Trust
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Nayfeh Basem $1,055,000 Rainier Title
Yazdidoost Kamran -- Commonwealth L
Yazdidoost Kamran -- Transnation Ti
Yazdidoost Kamran $740,000 Transnation Ti
Streckenbach Keith L $610,000 Transnation Ti
Geraldine J Dore Revocable Trust -- Transnation Ti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nayfeh Basem $844,000
Previous Owner Yazdidoost Kamran $1,240,000
Previous Owner Yazdidoost Kamran $592,000
Previous Owner Yazdidoost Kamran $148,000
Previous Owner Streckenbach Keith L $488,000
Source: Public Records

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 $15,711 $2,398,000 $1,116,000 $1,282,000
2023 $15,808 $2,295,000 $1,053,000 $1,242,000
2022 $14,139 $2,567,000 $1,185,000 $1,382,000
2021 $14,175 $1,919,000 $976,000 $943,000
2020 $15,393 $1,770,000 $930,000 $840,000
2018 $15,733 $2,009,000 $794,000 $1,215,000
2017 $13,734 $1,813,000 $718,000 $1,095,000
2016 $12,776 $1,687,000 $657,000 $1,030,000
2015 $12,311 $1,528,000 $595,000 $933,000
2014 -- $1,407,000 $550,000 $857,000
2013 -- $1,432,000 $567,000 $865,000
Source: Public Records

Map

Washington King County Mercer Island 98040 First Hill

2408 W Mercer Way, Mercer Island, WA

This home is located at 2408 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $3,065,894, approximately $751 per square foot. 2408 W Mercer Way is a home located in King County with nearby schools including West Mercer Elementary School, Islander Middle School, and Mercer Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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