NOT LISTED FOR SALE

Estimated Value: $665,000 - $731,000

2 Beds
2 Baths
1,541 Sq Ft
$574/mo HOA Fee

Last Sold March 23, 2022

Last sale price $692,500 $449 Per Sq Ft

Current estimated payment $4,528/month

Highlights

  • Gated Community
  • 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 March 2022

Hard to find 2 bedroom, 2 bath, 1,541 SF 3rd floor condo located in the heart of downtown Mercer Island at the Islandaire. Enjoy entertaining on the oversized deck overlooking the gardens and pool. Updated kitchen with eating space or second living area, updated bathrooms, in unit laundry and plenty of storage. Level entry with a dedicated parking spot. Amazing walk score with stores, parks and restaurants within minutes.

Last Agent to Sell the Property

Randy Hagen

Coldwell Banker Bain License #79362 Listed on: 03/04/2022

Coldwell Banker Bain

Co-Listed By

Sandy Piha

Coldwell Banker Bain License #5383

Last Buyer's Agent

Randy Hagen

Coldwell Banker Bain License #79362 Listed on: 03/04/2022

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1895727

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,000

Year Built

  • Built in 1972

Lot Details

  • Street terminates at a dead end
  • East Facing Home

HOA Fees

  • $574 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Common or Shared Parking

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

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

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 3629100740

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, lawn service
  • 64 Units
  • Islandaire Condos
  • Downtown Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Trails

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,000

Year Built

Built in 1972

Lot Details

0

HOA Fees

$574 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1972
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Refrigerator,StoveRange,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Islandaire
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1541
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 2
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Balcony/Deck/Patio, 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: 3
  • StorageNo: NA
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Stove/Range,Washer
  • StorageLocation: NA

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Wood
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 1
  • 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, Common Area Maintenance
  • HeatingCoolingType: Baseboard
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Off Kitchen bonus area
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Club House, Elevator, Gated, High Speed Int Avail, Pool, Gated, See Remarks, Trail(s)
  • Senior Community: No
  • Association Fee: 574
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes
  • CoOp: false
  • CommonPropertyFeatures: Club Houses,Elevator,Gated Entry,High Speed Int Avail,Pool-Outdoor,Security Gate,See Remarks,Trails

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Lawn Service

Schools

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

Lot Info

  • Parcel Number: 3629100740
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: HOA/records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • RentalCap: At or above Rental Cap (See Remarks)
  • ShortTermRentalYN: false

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3000
  • AdditionalTaxIds: 3629100740

Multi Family

  • Number Of Units In Community: 64
  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Mar 21, 2022
Sold by
Gates and Joan
Bought by
Koo Sa Hoi and Koo Hye Kyung
Seller's Agent
Randy Hagen
Coldwell Banker Bain
Buyer's Agent
Randy Hagen
Coldwell Banker Bain
List Price
$670,000
Sold Price
$692,500
Premium/Discount to List
$22,500
3.36%
Current Estimated Value
$690,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,689
Avg. Annual Appreciation
-0.07%

Purchase Details

Listed on
Dec 17, 2013
Closed on
Jan 17, 2014
Sold by
Sims Kimberly
Bought by
Gates Rich and Gates Joan
Seller's Agent
Laura Parris-Reymore
Coldwell Banker Bain
Buyer's Agent
Randy Hagen
Coldwell Banker Bain
List Price
$375,000
Sold Price
$373,000
Premium/Discount to List
-$2,000
-0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$317,050
Interest Rate
4.4%

Purchase Details

Closed on
Apr 14, 2004
Sold by
Schmiege Joan K
Bought by
Sims Richard H and Sims Phyllis

Purchase Details

Closed on
Apr 13, 1994
Sold by
Schenck Linda A
Bought by
Schmiege Joan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.37%
Source: Public Records

Range of Values:

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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
Koo Sa Hoi $692,500 Rainier Title Company
Gates Rich $373,000 Rainier Title
Sims Richard H $291,000 Transnation Ti
Schmiege Joan K $190,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gates Rich $305,500
Previous Owner Gates Rich $317,050
Previous Owner Schmiege Joan K $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2022 03/23/22 Sold $692,500 +3.4% $449 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $670,000 +79.6% $435 / Sq Ft
01/27/2014 01/27/14 Sold $373,000 -0.5% $242 / Sq Ft
12/24/2013 12/24/13 Pending -- -- --
12/17/2013 12/17/13 For Sale $375,000 -- $243 / 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 $3,671 $558,000 $150,500 $407,500
2023 $3,598 $706,000 $150,500 $555,500
2022 $3,712 $584,000 $148,600 $435,400
2021 $3,753 $502,000 $148,600 $353,400
2020 $3,869 $467,000 $148,600 $318,400
2018 $3,568 $454,000 $148,600 $305,400
2017 $3,087 $410,000 $148,600 $261,400
2016 $2,978 $378,000 $148,600 $229,400
2015 $2,985 $355,000 $148,600 $206,400
2014 -- $340,000 $144,800 $195,200
2013 -- $245,000 $144,800 $100,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1895727

Northwest Multiple Listing Service (NWMLS)

APN: 362910-0250