NOT LISTED FOR SALE

3251 W Mercer Way Mercer Island, WA 98040

Mercerdale Neighborhood

Estimated Value: $3,927,000 - $8,705,000

5 Beds
6 Baths
4,980 Sq Ft
$1,415/Sq Ft Est. Value

Last Sold November 20, 2014

Last sale price $4,300,000 $863 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $43,625/month

202 Days on Market

About This Home

As of November 2014

Exceptional 90’ of western waterfront on quiet cove. Seattle city views, flat lawn, private dock, waterside soaking tub & cabana sauna under a storybook willow tree. An idyllic setting. Moments to I90 but no road noise. Private drive. SW-inspired 5 BR/5.5 BA. Huge great room with sweeping 200 degree water views for casual, elegant entertaining. New: pitched roof, cement stucco exterior, all windows & more. Hardwoods throughout. The AGA & slab marble kitchen will delight sophisticated cooks.

Last Listed By

Diane Rae Jones

Coldwell Banker Danforth Listed on: 03/29/2014

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM605288

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$54,804

Year Built

1963

Lot Details

0

Listing Details

  • Condition: Remodeled
  • Sq Ft Finished: 4980
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1963

Interior Features

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplaces: 1
  • Basement: Daylight, Fully Finished
  • Features: 2nd Kitchen, 2nd Master BR, Bath Off Master, Double Pane/Storm Window, Dining Room, Disabled Access, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Sauna, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 1
  • Floor: Ceramic Tile, Hardwood
  • Water Heater Location: basement-elec & on demand

Exterior Features

  • Homebuilder: Peter Davis
  • Exterior: Cement/Concrete, Stucco
  • Foundation: Poured Concrete
  • Lot Details: Curbs, Paved Street
  • Site Features: Cabana/Gazebo, Cable TV, Deck, Dock, Partial Fence, Natural Gas Available, High Speed Internet, Hot Tub/Spa, Outbuildings, Patio, Sprinkler System
  • View: City, Lake, Mountain
  • Lot Topography: Level

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Cooling: Central A/C, Forced Air, 90%+ High Efficiency
  • Heating: Forced Air, 90%+ High Efficiency, Tankless Water Heater
  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Central A/C, Forced Air, Heat Pump, 90%+ High Efficiency, Tankless Water Heater
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Schools

  • School District: MIS
  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2023
Sold by
Davis Dick A
Bought by
Davis Caroline Jill
Total Days on Market
202
Current Estimated Value
$7,044,916

Purchase Details

Closed on
Sep 23, 2019
Sold by
Davis Dick A and Davis Caroline Jill
Bought by
The Daws Family Trust

Purchase Details

Closed on
Jun 30, 2015
Sold by
Davis Dick A
Bought by
Dick A Davis Qualified Personanl Residen

Purchase Details

Closed on
Jun 29, 2015
Sold by
Davis Dick A and Davis Caroline Jill
Bought by
Davis Dick A and Davis Caroline Jill

Purchase Details

Closed on
Jun 20, 2015
Sold by
Davis Caroline Jill
Bought by
Davis Dick A and Davis Caroline Jill

Purchase Details

Listed on
Mar 29, 2014
Closed on
Nov 17, 2014
Sold by
Spahi Nadim and Spahi Marcie
Bought by
Davis Dick A and Davis Caroline Jill
Seller's Agent
Diane Rae Jones
Coldwell Banker Danforth
Buyer's Agent
Mary Lynn Norris
Realogics Sotheby's Int'l Rlty
List Price
$4,500,000
Sold Price
$4,300,000
Premium/Discount to List
-$200,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.89%

Purchase Details

Closed on
Aug 15, 2003
Sold by
Rosen Douglas C and Rosen Deborah L
Bought by
Spahi Nadim and Spahi Marcie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.62%

Range of Values:

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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
Davis Caroline Jill $1,449,000 --
The Daws Family Trust -- None Available
Dick A Davis Qualified Personanl Residen -- None Available
Davis Dick A -- None Available
Davis Dick A -- None Available
Davis Dick A $4,300,000 Cw Title Co
Spahi Nadim $3,445,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Dick A $1,500,000
Previous Owner Spahi Nadim $417,000
Previous Owner Spahi Nadim $1,000,000
Closed Spahi Nadim $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2014 11/20/14 Sold $4,300,000 -4.4% $863 / Sq Ft
10/17/2014 10/17/14 Pending -- -- --
10/17/2014 10/17/14 For Sale $4,500,000 0.0% $904 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
07/15/2014 07/15/14 Price Changed $4,500,000 -7.2% $904 / Sq Ft
03/29/2014 03/29/14 For Sale $4,850,000 -- $974 / 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 $54,804 $8,372,000 $6,299,000 $2,073,000
2023 $54,108 $7,862,000 $5,943,000 $1,919,000
2022 $51,764 $9,409,000 $6,686,000 $2,723,000
2021 $49,681 $7,032,000 $5,503,000 $1,529,000
2020 $44,560 $6,209,000 $5,241,000 $968,000
2018 $46,246 $5,524,000 $4,895,000 $629,000
2017 $39,046 $5,332,000 $4,707,000 $625,000
2016 $36,314 $4,799,000 $4,303,000 $496,000
2015 $37,547 $4,346,000 $3,895,000 $451,000
2014 -- $4,294,000 $3,600,000 $694,000
2013 -- $4,030,000 $3,193,000 $837,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Diane Rae Jones

    Coldwell Banker Danforth

  • Mary Lynn Norris

    Buyer's Agent in 2014

    Mary Lynn Norris

    Reaologics Sothebys International Realty

    (206) 713-2151

    30 Total Sales

    Mary Lynn Norris
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM605288

Northwest Multiple Listing Service (NWMLS)

APN: 370890-0057

Washington King County Mercer Island 98040 Mercerdale

3251 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 3251 W Mercer Way, Mercer Island, WA 98040 since 29 March 2014 and is currently estimated at $7,044,916, approximately $1,414 per square foot. This property was built in 1963. 3251 W Mercer Way is a home located in King County with nearby schools including West Mercer Elementary School, Islander Middle School, and Mercer Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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