Listed by RE/MAX Integrity, Bought with Coldwell Banker Bain
$665,000
SOLD SEP 26, 2024
2 Beds
2 Baths
1,240 Sq Ft
$662/mo HOA Fee

Recently Sold

$536 Per Sq Ft

4% Below List Price

Highlights

  • Fitness Center
  • Unit is on the top floor
  • Property is near public transit
  • West Mercer Elementary School Rated A
  • Lake View
  • 3-minute walk to N. Mercerdale Hillside Open Space

About This Home

As of September 2024

Welcome to a lifestyle of comfort and convenience at Monaco Villa! This stunning top-floor unit has an impressive 180-degree view of the Cascade Mountains, Lake Washington, and downtown Mercer Island. Beautifully updated with new flooring, an open-concept kitchen design w/SS appliances, custom lighting, spa-inspired bathroom designs, and more! Enjoy access to premier building amenities, including an indoor heated pool, an updated exercise room, a bike room, storage, and plenty of parking. This desirable location is a quick stroll away from restaurants, parks, shopping, & the upcoming light rail station—fast access to I405 for only a short drive from Bellevue & Seattle. Give me a call, and let's realize your house dreams today!

Last Agent to Sell the Property

Darren Mills

RE/MAX Integrity License #118763 Listed on: 07/05/2024

RE/MAX Integrity

Last Buyer's Agent

Tana Whitehead

Coldwell Banker Bain License #113586

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2257050

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,506

Year Built

  • Built in 1968

Lot Details

  • Street terminates at a dead end
  • East Facing Home

HOA Fees

  • $662 Monthly HOA Fees

Property Views

  • Lake
  • Mountain
  • Territorial
  • Limited

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 1,240 Sq Ft Home
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Laminate Flooring

Kitchen

  • Double Oven
  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level

Laundry

  • Electric Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Carport
  • Uncovered Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio

Location

  • Unit is on the top floor
  • Property is near public transit
  • Property is near a bus stop

Schools

  • West Mercer Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, road maintenance, sewer, water
  • 52 Units
  • Joe Peloso Association
  • Secondary HOA Phone (425) 553-1297
  • Monaco Villa Condos
  • Mercer Island Subdivision
  • 5-Story Property

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator
  • Lobby

Recreation

  • Fitness Center
  • Community Indoor Pool

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,506

Year Built

Built in 1968

Lot Details

0

HOA Fees

$662 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1968
  • Buyer Agency Compensation: 3
  • Inclusions: Dishwasher(s),Double Oven,Garbage Disposal,LeasedEquipment,Microwave(s),Refrigerator(s),Stove(s)/Range(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Monaco Villa
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1240
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 8
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Top Floor
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2257050?w=Consumer&agent=66723
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Double Oven, Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Amenities: Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Fireplace, Laminate Hardwood, Washer, Water Heater
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Stories: 5
  • 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: 5
  • StorageNo: 19
  • AppliancesIncluded: Dishwasher(s),Double Oven,Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s)
  • StorageLocation: Lobby Area
  • WindowCoverings: Yes
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Flat
  • View: Lake, Mountain(s), Partial, Territorial
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Cement/Concrete, Stucco
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: Yes
  • Parking Features: Carport, Off Street, Uncovered
  • Total Parking Spaces: 1
  • ParkingSpaceNumbers: #2

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Insert, Wall Unit(s)
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Elevator, Exercise Room, Fire Sprinklers, High Speed Int Avail, Laundry Room, Lobby Entrance, Indoor Pool, Sauna
  • Senior Community: No
  • Association Fee: 662
  • Association Fee Frequency: Monthly
  • Phone: 425-553-1297
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subj to Restrictions
  • Common Interest: Condominium
  • AssociationContactName: Joe Peloso
  • CoOp: false
  • CommonPropertyFeatures: Elevator,Exercise Room,Fire Sprinklers,High Speed Int Avail,Laundry Room,Lobby Entrance,Pool-Indoor,Sauna

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Road Maintenance, 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: 5569600440
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: Public Records

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • RentalCap: No Rental Cap
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3506

Multi Family

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

MLS Schools

  • Elementary School: West Mercer Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Sep 11, 2024
Sold by
Velategui Richard A and Velategui Babetta A
Bought by
Johnson Jacci
Seller's Agent
Darren Mills
RE/MAX Integrity
Buyer's Agent
Tana Whitehead
Coldwell Banker Bain
List Price
$695,500
Sold Price
$665,000
Premium/Discount to List
-$30,500
-4.39%
Views
125
Current Estimated Value
$682,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,853
Avg. Annual Appreciation
1.63%
Original Mortgage
$521,600
Outstanding Balance
$518,239
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$157,390

Purchase Details

Closed on
Jul 27, 2015
Sold by
Burtwell Barbara E
Bought by
Velategui Richard A and Velategui Babetta A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
3.98%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $665,000 First American Title Insurance
Warranty Deed $340,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $521,600 New Conventional
Previous Owner $255,400 New Conventional
Previous Owner $272,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2024 09/26/24 Sold $665,000 -4.4% $536 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $695,500 -- $561 / 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 $3,788 $576,000 $102,800 $473,200
2023 $4,436 $642,000 $101,500 $540,500
2022 $3,609 $569,000 $98,900 $470,100
2021 $3,601 $488,000 $98,900 $389,100
2020 $3,908 $448,000 $98,900 $349,100
2018 $3,646 $493,000 $98,900 $394,100
2017 $3,079 $419,000 $98,900 $320,100
2016 $2,878 $377,000 $98,900 $278,100
2015 -- $343,000 $98,900 $244,100
2014 -- $313,000 $96,400 $216,600
2013 -- $226,000 $96,400 $129,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2257050

Northwest Multiple Listing Service (NWMLS)

APN: 556960-0440