Listed by COMPASS, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $601,000 - $746,000

2 Beds
2 Baths
1,541 Sq Ft
$508/mo HOA Fee

Last Sold October 27, 2020

Last sale price $463,000 $300 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,593/month

20 Days on Market

Highlights

  • 2.95 Acre Lot
  • Clubhouse
  • Property is near public transit
  • West Mercer Elementary School Rated A
  • Contemporary Architecture
  • 3-minute walk to N. Mercerdale Hillside Open Space

About This Home

As of October 2020

Best value on Mercer Island! Spacious 2bd/2ba condo in the heart of downtown Mercer Island. Across the street from the new Metropolitan Market, close to coffee, shops, park&ride. Large private balcony overlooking park-like setting and outdoor pool area. Large master bedroom with lots of natural light and huge closets. 2nd bedroom has extra room for office. Ample storage throughout. Dedicated parking. Expansive trails just across the street. Priced to customize; welcome home!

Last Agent to Sell the Property

Jennifer Huggins

COMPASS License #112107 Listed on: 09/08/2020

COMPASS

Last Buyer's Agent

Sean Mcconnell

COMPASS License #129326

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1659604

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,638

Year Built

  • Built in 1972

Lot Details

  • 2.95

HOA Fees

  • $508 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Bitumen Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,541 Sq Ft Home
  • 4-Story Property
  • Territorial Views

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 1 Car Garage
  • Common or Shared Parking

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Additional Features

  • Balcony
  • Open Space
  • Property is near public transit
  • Water Heater

Listing and Financial Details

  • Senior Tax Exemptions
  • Assessor Parcel Number 3629100900

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, water/sewer
  • 65 Units
  • Morgan Buscher Association
  • Secondary HOA Phone (425) 519-3615
  • The Islandaire Condos
  • Downtown Subdivision
  • Park Phone (425) 519-3615 | Manager Morgan Buscher

Amenities

  • Community Garden
  • Clubhouse
  • Elevator
  • Lobby

Recreation

  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,638

Year Built

Built in 1972

Lot Details

0

HOA Fees

$508 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1972
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,RangeOven,Refrigerator,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: The Islandaire
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1541
  • SeniorExemption: true
  • DwellingType: Attached
  • NumberOfAccessStairs: 3
  • RemodeledUpdated: false
  • UnitFeatures: Balcony/Deck/Patio
  • Special Features: VirtualTour
  • Cumulative Days on Market: 48

Interior Features

  • Appliances: Dryer, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Cooking-Electric, Dryer-Electric, Washer, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 4
  • Bathrooms: 1.75
  • BathsFullMain: 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: 2
  • StorageNo: private
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Range/Oven,Refrigerator,Washer
  • StorageLocation: Private balcony

Exterior Features

  • Roof: Torch Down
  • View: Territorial
  • Lot Features: Curbs, Open Space, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Multi Family
  • BusLineNearby: true
  • BusRouteNumber: many

Garage/Parking

  • Carport Y N: No
  • Garage Yn: Yes
  • Parking Features: Common Garage
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Heating Yn: Yes
  • Utilities: Electricity Available, Garbage, Water/Sewer
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: hall pantry
  • WaterHeaterType: electric

Condo/Co-op/Association

  • Community Features: Elevator, Garden Space, Lobby Entrance, Pool, Trail(s)
  • Park Manager Name: Morgan Buscher
  • Park Manager Phone: 425-519-3615
  • Association Fee: 508
  • Association Fee Frequency: Monthly
  • Phone: 425-519-3615
  • AssociationContactName: Morgan Buscher
  • CoOp: false
  • CommonPropertyFeatures: ClubHouses,Elevator,Garden Space,Lobby Entrance,Pool-Outdoor,Trails

Fee Information

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

Schools

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

Lot Info

  • Parcel Number: 3629100900
  • Lot Size Acres: 2.9494
  • Lot Size Sq Ft: 128475
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2019
  • Tax Annual Amount: 37

Multi Family

  • Number Of Units In Community: 65
  • UnitsInBuildingTotal: 65

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Oct 24, 2020
Sold by
Hubbard Michael Griffin and Tsutakawa Judith Ann
Bought by
Ahn Sungin and Zhao Wei
Seller's Agent
Jennifer Huggins
COMPASS
Buyer's Agent
Sean Mcconnell
COMPASS
List Price
$499,000
Sold Price
$463,000
Premium/Discount to List
-$36,000
-7.21%
Current Estimated Value
$684,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,729
Avg. Annual Appreciation
8.84%
Original Mortgage
$263,000
Outstanding Balance
$236,687
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$457,569
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
Ahn Sungin $463,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahn Sungin $263,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2020 10/27/20 Sold $463,000 -2.1% $300 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $473,000 -5.2% $307 / Sq Ft
09/18/2020 09/18/20 For Sale $499,000 0.0% $324 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $499,000 -- $324 / 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 $3,638 $553,000 $146,700 $406,300
2023 $4,835 $700,000 $146,700 $553,300
2022 $3,616 $577,000 $144,800 $432,200
2021 $3,713 $489,000 $144,800 $344,200
2020 $3,829 $462,000 $144,800 $317,200
2018 $3,550 $449,000 $144,800 $304,200
2017 $3,071 $408,000 $144,800 $263,200
2016 $2,811 $376,000 $144,800 $231,200
2015 $2,792 $335,000 $144,800 $190,200
2014 -- $318,000 $141,000 $177,000
2013 -- $225,000 $141,000 $84,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1659604

Northwest Multiple Listing Service (NWMLS)

APN: 362910-0150