Listed by NW Experience Real Estate, Bought with Berkshire Hathaway HS NW
NOT LISTED FOR SALE

Estimated Value: $496,000 - $634,000

2 Beds
2 Baths
1,240 Sq Ft
$549/mo HOA Fee

Last Sold August 25, 2023

Last sale price $450,000 $363 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,809/month

12 Days on Market

Highlights

  • Fitness Center
  • City View
  • 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 August 2023

Fantastic opportunity to own an affordable home in dt Mercer Island at the Monaco Villa. A spacious 1240 SF 2 bed/1.75 bath condo features a lg living rm w/gas fireplace & separate dining area. Wall of East-facing windows let in lots of morning light & a slider leads to a lg covered private deck. Two bedrooms are located towards the back of the unit w/an ensuite primary. Lg utility rm has plumbing for washer. Investors looking for a project or homeowners looking for an affordable home on Mercer Island will find this unit full of potential. Although dated, the home is clean w/pleasant territorial views, & a good floor plan. Comes w/ 1 covered parking. Secure entry, elevator, indoor pool, sauna & exercise rm. NO RENTAL CAP, & pet-friendly.

Last Agent to Sell the Property

Renata Andrews

NW Experience Real Estate License #11199 Listed on: 07/19/2023

Last Buyer's Agent

Scott Lansing

Berkshire Hathaway HS NW License #45332

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2139473

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,292

Year Built

  • Built in 1968

Lot Details

  • Street terminates at a dead end
  • East Facing Home

HOA Fees

  • $549 Monthly HOA Fees

Property Views

  • City
  • Territorial

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 1,240 Sq Ft Home
  • Gas Fireplace
  • Blinds

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher
  • Trash Compactor

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 1 Parking Space
  • Carport

Outdoor Features

  • Balcony
  • Patio

Location

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

Utilities

  • Baseboard Heating
  • Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, garbage, road maintenance, sewer, water
  • 52 Units
  • Monaco Villa Condos
  • Downtown Subdivision
  • Park Phone (425) 553-1297 | Manager Best Management/Joe Peloso
  • 5-Story Property

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator
  • Lobby

Recreation

  • Fitness Center
  • Community Indoor Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,292

Year Built

Built in 1968

Lot Details

0

HOA Fees

$549 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1968
  • Inclusions: Dishwasher,Refrigerator,StoveRange,TrashCompactor
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Monaco Villa
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1240
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • RemodeledUpdated: false
  • UnitFeatures: Balcony/Deck/Patio
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2139473?w=Consumer&agent=28441
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Refrigerator, Stove/Range, Trash Compactor
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Balcony/Deck/Patio, Fireplace, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 5
  • BathsFullMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • StorageNo: 4
  • AppliancesIncluded: Dishwasher,Refrigerator,Stove/Range,Trash Compactor
  • StorageLocation: Downstairs on First Floor
  • WindowCoverings: Blinds

Exterior Features

  • Roof: Flat
  • View: City, See Remarks, Territorial
  • Lot Features: Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: See Remarks, Stucco
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: See Remarks,Unit

Garage/Parking

  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Parking Features: Carport
  • Total Parking Spaces: 1

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Elevator, Exercise Room, Laundry Room, Lobby Entrance, Indoor Pool, Sauna
  • Park Manager Name: Best Management/Joe Peloso
  • Park Manager Phone: 425-553-1297
  • Senior Community: No
  • Association Fee: 549
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: See Remarks, Subj to Restrictions
  • CommonPropertyFeatures: Elevator,Exercise Room,Laundry Room,Lobby Entrance,Pool-Indoor,Sauna

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Road Maintenance, Sewer, Water

Schools

  • Junior High Dist: Mercer Island
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5569600060
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • RentalCap: No Rental Cap
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3291.56

Multi Family

  • Number Of Units In Community: 52
  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2023
Closed on
Aug 23, 2023
Sold by
Peters Family Trust and Peters Robert
Bought by
Nguyen Jeffrey D
Seller's Agent
Renata Andrews
NW Experience Real Estate
Buyer's Agent
Scott Lansing
Berkshire Hathaway HS NW
List Price
$498,000
Sold Price
$450,000
Premium/Discount to List
-$48,000
-9.64%
Views
76
Current Estimated Value
$566,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,669
Avg. Annual Appreciation
10.64%

Purchase Details

Closed on
May 8, 1991
Sold by
Peters Donald L and Peters Aileen E
Bought by
Peters Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nguyen Jeffrey D $450,000 Chicago Title
Peters Family Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2023 08/25/23 Sold $450,000 -9.6% $363 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $498,000 -- $402 / 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 $3,363 $511,000 $92,700 $418,300
2023 $3,292 $610,000 $91,500 $518,500
2022 $3,255 $534,000 $89,200 $444,800
2021 $3,393 $440,000 $89,200 $350,800
2020 $3,806 $422,000 $89,200 $332,800
2018 $3,455 $471,000 $89,200 $381,800
2017 $2,933 $397,000 $89,200 $307,800
2016 $2,719 $359,000 $89,200 $269,800
2015 $2,644 $324,000 $89,200 $234,800
2014 -- $301,000 $86,900 $214,100
2013 -- $215,000 $86,900 $128,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2139473

Northwest Multiple Listing Service (NWMLS)

APN: 556960-0060