NOT LISTED FOR SALE

Estimated Value: $334,000 - $432,000

1 Bed
1 Bath
640 Sq Ft
2.1 Acres

Last Sold July 12, 2019

Last sale price $282,000 $441 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,378/month

12 Days on Market

Highlights

  • Territorial View
  • 1 Fireplace
  • 4-minute walk to Mercerdale Hillside Park
  • West Mercer Elementary School Rated A
  • Open Space

About This Home

As of July 2019

Unbelievable under $300k condo in the Downtown Mercer Island! Popular loft-style 12 ft ceiling living area. The only unit in the building without blocked tranquil view.Newer appliances. 1 parking space. Club house with exercise room. The laundry rm is in the first row of the complex. Walking distance to Downtown Mercer Island & park/ride. Very convenient location between Seattle and Eastside. No rental cap. This unit needs some updates but easily rented as $1500 till 5/31. Sold-as-is.

Last Agent to Sell the Property

Melissa Ko

Skyline Properties, Inc. License #23182 Listed on: 06/06/2019

Skyline Properties, Inc.

Last Buyer's Agent

Larry Gockel

Coldwell Banker Bain License #23945

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1469365

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,506

Year Built

  • Built in 1977

Lot Details

  • Open Space

Parking

  • Uncovered Parking

Home Design

  • Wood Composite

Interior Spaces

  • 3-Story Property
  • 1 Fireplace
  • Laminate Flooring
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Listing and Financial Details

  • Assessor Parcel Number 3623000390

Community Details

Overview

  • Downtown Community

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,506

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 34 - Condo (3 Levels)
  • Entrance Level: Main
  • Unit Floor Number: 2
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Laminate
  • Appliances That Stay: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 1.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Fireplace Type: Wood
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Kitchen w/ Eating Area: Main
  • Storage: patio
  • Estimated Sq Ft: 640

Exterior Features

  • Exterior: Wood Products
  • View: Territorial

Garage/Parking

  • Numberof Assigned Spaces: 1
  • Parking Type: Uncovered
  • Parking Space Number: 40

Utilities

  • Heating And Cooling: Baseboard, Radiator
  • Water Heater: closet-Electrical

Condo/Co-op/Association

  • Numberof Units In Complex: 78
  • HOA Fees: 381
  • Community Name: Downtown
  • Project: Island Habitat
  • Cats And Dogs: Subj To Restrictions
  • Manager Contact Information: Yates, Woods & McDonald (206) 268-3314
  • Association Contact: Kathleen Chafin
  • Common Property Features: Club House, Exercise Room
  • Home Owner Dues Included: Earthquake Ins., Garbage, Water/Sewer, Common Area Maintenance
  • Unit Features: Balcony/Deck/Patio, Insulated Windows, Vaulted Ceilings

Schools

  • School District: MIS

Lot Info

  • Lot Details: Open Space, Paved Street
  • Parcel Number: 3623000390

Rental Info

  • Monthly Rentif Rented: 1500

Tax Info

  • Tax Amount: 2232

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2020
Sold by
Odegard John G
Bought by
Olson Kurt H and Wallace Patrick Trust
Total Days on Market
12
Current Estimated Value
$388,252

Purchase Details

Listed on
Jun 6, 2019
Closed on
Jul 5, 2019
Sold by
Huang Lina C
Bought by
Odegard John G
Seller's Agent
Melissa Ko
Skyline Properties, Inc.
Buyer's Agent
Larry Gockel
Coldwell Banker Bain
List Price
$290,000
Sold Price
$282,000
Premium/Discount to List
-$8,000
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$197,400
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2019
Closed on
Jul 3, 2019
Sold by
Odegard Nancy B
Bought by
Odegard John G
Seller's Agent
Melissa Ko
Skyline Properties, Inc.
Buyer's Agent
Larry Gockel
Coldwell Banker Bain
List Price
$290,000
Sold Price
$282,000
Premium/Discount to List
-$8,000
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,400
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2005
Sold by
Edmiston Carie Lynn and Hall Scott A
Bought by
Huang Tina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,850
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 22, 1988
Sold by
Mcmahon Teresa L
Bought by
Edmiston Carie Lynn
Source: Public Records

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Range of Values:

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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
Olson Kurt H -- None Available
Odegard John G $282,000 Old Republic Title Ltd
Odegard John G -- Old Republic Title Ltd
Huang Tina C $188,500 Chicago Title
Edmiston Carie Lynn $41,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Odegard John G $197,400
Previous Owner Huang Tina C $175,300
Previous Owner Huang Tina C $18,850
Previous Owner Huang Tina C $18,850
Previous Owner Huang Tina C $150,800
Previous Owner Huang Tina C $18,850
Previous Owner Hall Scott A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $282,000 -2.8% $441 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $290,000 -- $453 / 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 $2,506 $380,000 $94,400 $285,600
2023 $2,384 $391,000 $93,300 $297,700
2022 $2,321 $386,000 $90,900 $295,100
2021 $2,537 $313,000 $90,900 $222,100
2020 $2,677 $315,000 $90,900 $224,100
2018 $2,232 $306,000 $90,900 $215,100
2017 $1,680 $256,000 $90,900 $165,100
2016 $1,591 $205,000 $90,900 $114,100
2015 $1,560 $189,000 $90,900 $98,100
2014 -- $177,000 $88,500 $88,500
2013 -- $137,000 $88,500 $48,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1469365

Northwest Multiple Listing Service (NWMLS)

APN: 362300-0390