Listed by Windermere Mercer Island, Bought with Realogics Sotheby's Int'l Rlty
NOT LISTED FOR SALE

2959 81st Place SE Unit P1 Mercer Island, WA 98040

Shorewood Neighborhood

Estimated Value: $1,558,000 - $1,802,277

2 Beds
2.5 Baths
1,940 Sq Ft
$1,090/mo HOA Fee

Last Sold January 24, 2023

Last sale price $1,775,000 $915 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $10,898/month

25 Days on Market

Highlights

  • Unit is on the top floor
  • Penthouse
  • Contemporary Architecture
  • Northwood Elementary School Rated A
  • Lake View
  • Property is near public transit

About This Home

As of January 2023

Discover carefree luxury living in this exquisitely remodeled penthouse at coveted Lake Pointe. Its expanse of windows overlooks sweeping western views to Lake Washington. One level layout with open, light-filled spaces. The kitchen is a chef’s delight with Bosch/Wolf/SubZero appliances, quartz surfaces, massive island, desk space and walk-in pantry. Step out for spectacular sunsets on the balcony, or retreat to your sumptuous primary suite with walk-in closet & stylish bath. The second bedroom includes an ensuite bath & Murphy bed. Life is good in this sought-after building, a stroll away from shopping, dining, trails, & future light rail. Conveniently located between Bellevue & Downtown Seattle—it doesn’t get any better than this!

Last Agent to Sell the Property

Fred Fox

Windermere Mercer Island License #119349 Listed on: 07/29/2022

Windermere Mercer Island

Last Buyer's Agent

Michele Schuler

Realogics Sotheby's Int'l Rlty License #22014412

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1971699

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,974

Year Built

  • Built in 1992

Lot Details

  • End Unit
  • West Facing Home

HOA Fees

  • $1,090 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Common or Shared Parking
  • Off-Street Parking

Property Views

  • Lake
  • City
  • Territorial

Home Design

  • Penthouse
  • Contemporary Architecture
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 1,940 Sq Ft Home
  • 4-Story Property
  • Skylights
  • Gas Fireplace
  • Insulated Windows

Kitchen

  • Double Oven
  • Gas Oven or Range
  • Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Patio

Location

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

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Central Air
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4057600210

Community Details

Overview

  • Association fees include common area maintenance, earthquake insurance, garbage, lawn service, road maintenance, sewer, water
  • 22 Units
  • Walter Berninger Association
  • Secondary HOA Phone (425) 688-2042
  • Lake Pointe Condos
  • Downtown Subdivision
  • Park Phone (425) 688-2042 | Manager Kappes Miller

Amenities

  • Elevator
  • Lobby

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,974

Year Built

Built in 1992

Lot Details

0

HOA Fees

$1,090 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1992
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,TrashCompactor,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Lake Pointe
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1940
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Penthouse,Primary Bath,Skylights,Top Floor,Walk-in Closet
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Trash Compactor, Washer
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Bamboo/Cork, Ceramic Tile, Carpet
  • Interior Amenities: Central A/C, Forced Air, Tankless Water Heater, Bamboo/Cork, Ceramic Tile, Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Electric, Cooking-Gas, Dryer-Electric, Ice Maker, Washer, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 4
  • Bathrooms: 2
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 2
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 4
  • StorageNo: 2959 - P1
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Trash Compactor,Washer
  • StorageLocation: Garage
  • WindowCoverings: Yes - Power

Exterior Features

  • Roof: Flat
  • View: City, Lake, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: West
  • Exterior Features: Stucco
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit
  • BusRouteNumber: 554, 550

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Common Garage, Off Street
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 3 & 4

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling Y N: Yes
  • HeatingCoolingType: Central A/C,Forced Air,Tankless Water Heater
  • ApplianceHookups: Cooking-Electric,Cooking-Gas,Dryer-Electric,Ice Maker,Washer
  • WaterHeaterLocation: Hallway Closet
  • WaterHeaterType: Tankless

Condo/Co-op/Association

  • Community Features: Cable TV, Elevator, Fire Sprinklers, High Speed Int Avail, Lobby Entrance, Outside Entry
  • Park Manager Name: Kappes Miller
  • Park Manager Phone: 425-688-2042
  • Senior Community: No
  • Association Fee: 1090
  • Association Fee Frequency: Monthly
  • Phone: 425-688-2042
  • Association: Yes
  • Pets Allowed: See Remarks, Subj to Restrictions
  • AssociationContactName: Walter Berninger
  • CommonPropertyFeatures: Cable TV,Elevator,Fire Sprinklers,High Speed Int Avail,Lobby Entrance,Outside Entry

Fee Information

  • Association Fee Includes: Common Area Maintenance, Earthquake Insurance, Garbage, Lawn Service, Road Maintenance, Sewer, Water

Schools

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

Lot Info

  • Parcel Number: 4057600210
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist - King County

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • RentalCap: No Rentals
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 9974

Multi Family

  • Number Of Units In Community: 22
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 6

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Jan 11, 2023
Sold by
1999 Stevens Family Trust
Bought by
James Carol Linda
Seller's Agent
Fred Fox
Windermere Mercer Island
Buyer's Agent
Michele Schuler
Realogics Sotheby's Int'l Rlty
List Price
$1,850,000
Sold Price
$1,775,000
Premium/Discount to List
-$75,000
-4.05%
Views
37
Current Estimated Value
$1,702,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,431
Avg. Annual Appreciation
-5.77%

Purchase Details

Listed on
Mar 18, 2016
Closed on
Apr 21, 2016
Sold by
Steinborn Susan K
Bought by
1999 Stevens Family Trust and Stevens Barbara A
Seller's Agent
Leslie Dickinson
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Daniel Marinello
COMPASS
List Price
$1,100,000
Sold Price
$1,075,000
Premium/Discount to List
-$25,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$770,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 7, 2006
Sold by
Kadaner Marjorie E
Bought by
Kadaner Marjorie E

Purchase Details

Closed on
Jul 16, 1992
Sold by
Conner Development Co
Bought by
Kadaner Ben A and Kadaner Marjorie E
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 Buyer Sale Price Title Company
James Carol Linda $1,775,000 Fidelity National Title
1999 Stevens Family Trust $1,075,000 Chicago Title
Kadaner Marjorie E -- None Available
Kadaner Ben A $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stevens Paul E $770,000
Previous Owner 1999 Stevens Family Trust $770,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2023 01/24/23 Sold $1,775,000 -4.1% $915 / Sq Ft
08/23/2022 08/23/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $1,850,000 +72.1% $954 / Sq Ft
05/02/2016 05/02/16 Sold $1,075,000 -2.3% $522 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $1,100,000 -- $534 / 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 $9,809 $1,496,000 $198,500 $1,297,500
2023 $9,899 $1,640,000 $196,000 $1,444,000
2022 $9,974 $1,612,000 $191,000 $1,421,000
2021 $9,656 $1,353,000 $191,000 $1,162,000
2020 $9,308 $1,205,000 $191,000 $1,014,000
2018 $9,689 $1,230,000 $191,000 $1,039,000
2017 $8,431 $1,116,000 $191,000 $925,000
2016 $7,706 $1,035,000 $191,000 $844,000
2015 $8,806 $921,000 $191,000 $730,000
2014 -- $1,006,000 $186,100 $819,900
2013 -- $787,000 $186,100 $600,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1971699

Northwest Multiple Listing Service (NWMLS)

APN: 405760-0210