NOT LISTED FOR SALE

Estimated Value: $3,674,000 - $7,348,000

6 Beds
2 Baths
5,020 Sq Ft
$1,092/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $3,350,000 $667 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $33,187/month

34 Days on Market

Highlights

  • Docks
  • Indoor Pool
  • Deck
  • West Mercer Elementary School Rated A
  • Lake View
  • 1-minute walk to Slater Park

About This Home

As of August 2012

Gold Coast opportunity on the Western Shores of Mercer Island. Traditional 1920's home lovingly cared for. Walled garden w/ pretty lawn on street side. 60 ft prime waterfront w/ dock for maximum enjoyment of lakeside offerings. Great Room concept w/ spacious kitchen dining/living w/ French doors that open to the large deck. Den plus library on main. Indoor pool opens to the terrace & lakeside lawn. Apartment beside the two car garage. Newer systems throughout. Exciting Seller terms!

Last Agent to Sell the Property

Betsy Terry

Ewing & Clark, Inc. License #36346 Listed on: 05/15/2012

Co-Listed By

Jane Powers

Ewing & Clark, Inc. License #9948

Last Buyer's Agent

Daniel Gottesman

Engel & Voelkers Mercer Island License #39554

Engel & Voelkers Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM356641

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,565

Year Built

  • Built in 1924

Lot Details

  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Pool

  • Indoor Pool
  • Spa

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2174502780

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,565

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 2 Stories W/Bsmnt
  • Architecture: Traditional
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wet Bar, Built-In Vacuum, Dining Room, Hot Tub/Spa, Sauna, Security System, Skylights, Walk-In Closet
  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Bedrooms: 6.00
  • Bathrooms: 4.00
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Three Quarter Bathrooms in the Garage: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Estimated Sq Ft: 5020

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Cedar Shake
  • View: City, Lake, Mountain, Territorial
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 60
  • Pool: Indoor

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Baseboard, Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Schools

  • School District: MIS

Lot Info

  • Lot Number: 3-4
  • Lot Details: Paved Street
  • Lot Sq Ft: 13939
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 2174502780
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 24136

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2012
Closed on
Aug 15, 2012
Sold by
Thompson Robert H
Bought by
Chatalas Marc B and Chatalas Andrea M
Seller's Agent
Betsy Terry
Ewing & Clark, Inc.
Buyer's Agent
Daniel Gottesman
Engel & Voelkers Mercer Island
List Price
$3,350,000
Sold Price
$3,350,000
Current Estimated Value
$5,481,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,131,087
Avg. Annual Appreciation
4.25%
Original Mortgage
$500,000
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 25, 2004
Sold by
Drahold Byron and Drahold Elizabeth
Bought by
Thompson Robert H

Purchase Details

Closed on
May 27, 1988
Sold by
Maxwell Robert W
Bought by
Drahold Byron and Drahold Elizabeth
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
Chatalas Marc B $3,350,000 Chicago Title
Thompson Robert H $3,300,000 Transnation Ti
Drahold Byron $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chatalas Marc B $2,875,000
Closed Chatalas Marc B $1,106,000
Closed Chatalas Marc B $500,000
Closed Chatalas Marc B $2,440,000
Closed Chatalas Marc B $500,000
Closed Chatalas Marc B $2,000,000
Previous Owner Thompson Robert H $350,000
Previous Owner Thompson Robert H $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2012 08/31/12 Sold $3,350,000 0.0% $667 / Sq Ft
06/14/2012 06/14/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $3,350,000 -- $667 / 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 $40,565 $6,196,000 $4,197,000 $1,999,000
2023 $42,021 $5,726,000 $3,960,000 $1,766,000
2022 $36,995 $6,853,000 $4,455,000 $2,398,000
2021 $35,507 $5,025,000 $3,667,000 $1,358,000
2020 $36,658 $4,437,000 $3,493,000 $944,000
2018 $38,043 $4,544,000 $3,262,000 $1,282,000
2017 $32,124 $4,386,000 $3,137,000 $1,249,000
2016 $29,883 $3,948,000 $2,868,000 $1,080,000
2015 $28,789 $3,576,000 $2,596,000 $980,000
2014 -- $3,292,000 $2,400,000 $892,000
2013 -- $2,774,000 $2,478,000 $296,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM356641

Northwest Multiple Listing Service (NWMLS)

APN: 217450-2780