NOT LISTED FOR SALE

Estimated Value: $627,000 - $709,000

2 Beds
2 Baths
1,240 Sq Ft
$883/mo HOA Fee

Last Sold December 19, 2023

Last sale price $620,000 $500 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,958/month

48 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Elevator
  • West Mercer Elementary School Rated A
  • Community Garden
  • Balcony

About This Home

As of December 2023

Rarely available third floor unit at the highly desirable Parc Mercer Condos of downtown Mercer Island. Inside this peaceful haven, you'll find a well-maintained retreat with a wood-burning fireplace, and a spacious private patio where storage secrets are kept. With only one shared wall, tranquility and privacy reigns supreme. The 2 assigned parking spots are just a few steps from the lobby entrance and building elevator. Step outside, and you're greeted by Mercer Island's charms – MI Park n Ride, future light rail, lush parks, and delectable restaurants all beckon you to explore. And for the days when you need to stock up on provisions, a shortcut from the back door whisks you to the bustling Metropolitan Market in a minute. No Rental Cap!

Last Agent to Sell the Property

Gerald Chew

Coldwell Banker Bain License #52391 Listed on: 09/28/2023

Coldwell Banker Bain

Last Buyer's Agent

Raymond Zang

Skyline Properties, Inc. License #91919

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2161694

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,904

Year Built

  • Built in 1982

Lot Details

  • South Facing Home
  • Sprinkler System

HOA Fees

  • $883 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Common or Shared Parking
  • Uncovered Parking

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,240 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace
  • Insulated Windows

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Baseboard Heating
  • Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, sewer, water
  • 40 Units
  • Sid Horvath/Prime Association
  • Secondary HOA Phone (206) 726-0878
  • Parc Mercer Condos
  • Downtown Subdivision
  • Park Phone (206) 726-0878 | Manager Sid Horvath

Amenities

  • Community Garden
  • Elevator
  • Lobby

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,904

Year Built

Built in 1982

Lot Details

0

HOA Fees

$883 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1982
  • Inclusions: Dishwasher,GarbageDisposal,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Building Name: Parc Mercer
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1240
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows,Primary Bath,Sprinkler System
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2161694?w=Consumer&agent=34728
  • Special Features: VirtualTour
  • Cumulative Days on Market: 589

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Refrigerator, Stove/Range
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Washer, Fireplace, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 4
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 3
  • AppliancesIncluded: Dishwasher,Garbage Disposal,Refrigerator,Stove/Range
  • StorageLocation: Deck
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Flat
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Direction Faces: South
  • Exterior Features: Wood, Wood Products
  • Structure Type: Multi Family
  • BusLineNearby: true

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Common Garage, Uncovered
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 82, 34

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Electric
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Elevator, Fire Sprinklers, Garden Space, Lobby Entrance
  • Park Manager Name: Sid Horvath
  • Park Manager Phone: 206-726-0878
  • Senior Community: No
  • Association Fee: 883
  • Association Fee Frequency: Monthly
  • Phone: 206-726-0878
  • Association: Yes
  • Pets Allowed: See Remarks
  • Common Interest: Condominium
  • AssociationContactName: Sid Horvath/PRIME
  • CommonPropertyFeatures: Elevator,Fire Sprinklers,Garden Space,Lobby Entrance

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Sewer, Water
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 6633200230
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • RentalCap: No Rental Cap

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3904

Multi Family

  • Number Of Units In Community: 40
  • EnergySource: Electric
  • UnitsInBuildingTotal: 40

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Dec 14, 2023
Sold by
Sameshima Douglas J and Enzmann Janice L
Bought by
Yuan Jinbiao and Tian Hongxia
Seller's Agent
Gerald Chew
Coldwell Banker Bain
Buyer's Agent
Raymond Zang
Skyline Properties, Inc.
List Price
$690,000
Sold Price
$620,000
Premium/Discount to List
-$70,000
-10.14%
Total Days on Market
48
Views
77
Current Estimated Value
$667,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,656
Avg. Annual Appreciation
5.06%
Original Mortgage
$372,000
Outstanding Balance
$367,485
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$300,171

Purchase Details

Closed on
Nov 2, 1994
Sold by
Rosenwald James F and Rosenwald Natalie F
Bought by
Sameshima Jack M
Source: Public Records

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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
Yuan Jinbiao $620,000 Rainier Title
Sameshima Jack M $144,700 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yuan Jinbiao $372,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2023 12/19/23 Sold $620,000 -3.9% $500 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $645,000 -3.6% $520 / Sq Ft
10/15/2023 10/15/23 Price Changed $669,000 -3.0% $540 / Sq Ft
09/28/2023 09/28/23 For Sale $690,000 -- $556 / 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 $4,142 $630,000 $308,500 $321,500
2023 $3,904 $701,000 $300,800 $400,200
2022 $3,881 $634,000 $293,100 $340,900
2021 $4,376 $525,000 $231,400 $293,600
2020 $4,074 $545,000 $231,400 $313,600
2018 $3,923 $533,000 $163,500 $369,500
2017 $2,990 $451,000 $151,200 $299,800
2016 $2,986 $366,000 $149,600 $216,400
2015 $2,626 $356,000 $149,600 $206,400
2014 -- $299,000 $131,100 $167,900
2013 -- $195,000 $131,100 $63,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2161694

Northwest Multiple Listing Service (NWMLS)

APN: 663320-0230