NOT LISTED FOR SALE

3406 72nd Place SE Mercer Island, WA 98040

Mercerdale Neighborhood

Estimated Value: $3,255,000 - $4,005,000

0.96 Acre
$3,879,324 Price per Acre
41,818 Sq Ft Lot

Last Sold July 02, 2019

Last sale price $3,700,000 $1,480 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $22,462/month

89 Days on Market

About This Lot

As of July 2019

Unique opportunity to purchase a large parcel on Mercer Island. Located on 1st Hill this property is already sub-divided in to 4 separate parcels including 2 undeveloped, build-able lots and 2 existing single family houses. Ideal for a large estate, compound or to building 4 new homes or remodel the existing houses. Property currently has electric, sewer and gas to houses however will require installation of the driveway/road and utilities prior to building permits. Some views possible.

Last Agent to Sell the Property

Tim Conway

John L. Scott, Inc. License #5506 Listed on: 12/14/2018

John L. Scott, Inc.

Last Buyer's Agent

Lori Holden

John L. Scott, Inc. License #24368

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1393453

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,739

Lot Details

  • Level Lot

Community Details

  • First Hill Community

Listing and Financial Details

  • Assessor Parcel Number 1300301850

Property Details

Property Type

Land

Est. Annual Taxes

$22,739

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Evergreens
  • Style: 40 - Res-Less Thn 1 Ac
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Level: mostly Level with some slight slope

Exterior Features

  • Road Information: Paved
  • Road On Which Sideof Property: West
  • Water Jurisdiction: City of Mercer Island

Utilities

  • Electricity: In Street
  • Gas Available: In Street
  • Sewer: Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: First Hill
  • Project: SUB002-001

Schools

  • Elementary School: West Mercer Elem
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Number: 1,2,3, and 4
  • General Zoning Classification: Residential
  • Improvements: Cable Tv Available, Dwelling, Fenced-Partially, Garage
  • Lot Details: Paved Street
  • Lot Sq Ft: 42025
  • Parcel Number: 1300301850
  • Topography: Level
  • Zoning Jurisdiction: City
  • Zoning Remarks: R8.4

Tax Info

  • Tax Amount: 26771

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Rkk Constructions Inc
Bought by
Walia Harinder S and Walia Jyotsana
Current Estimated Value
$3,724,151

Purchase Details

Listed on
Dec 14, 2018
Closed on
Jul 2, 2019
Sold by
Levenson Mary E
Bought by
Rkk Construction Inc
Seller's Agent
Tim Conway
John L. Scott, Inc.
Buyer's Agent
Lori Holden
John L. Scott, Inc.
List Price
$4,100,000
Sold Price
$3,700,000
Premium/Discount to List
-$400,000
-9.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.25%
Original Mortgage
$2,700,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2012
Sold by
Levenson Maria H and Levenson Mary E
Bought by
Levenson Maria H
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Walia Harinder S $2,925,000 Fidelity National Title
Rkk Construction Inc $3,700,000 Fidelity National Title
Levenson Maria H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rkk Construction Inc $3,761,721
Previous Owner Rkk Construction Inc $1,878,500
Previous Owner Rkk Construction Inc $2,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2019 07/02/19 Sold $3,700,000 -9.8% $1,480 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $4,100,000 -- $1,640 / 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 $22,739 $3,472,000 $1,200,000 $2,272,000
2023 $24,425 $3,261,000 $1,133,000 $2,128,000
2022 $18,002 $3,982,000 $1,275,000 $2,707,000
2021 $8,016 $2,444,000 $1,050,000 $1,394,000
2020 $8,716 $1,000,000 $1,000,000 $0
2018 $8,458 $1,079,000 $794,000 $285,000
2017 $7,390 $974,000 $718,000 $256,000
2016 $6,879 $907,000 $657,000 $250,000
2015 $6,630 $822,000 $595,000 $227,000
2014 -- $757,000 $550,000 $207,000
2013 -- $648,000 $538,000 $110,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Conway

    Seller's Agent in 2019

    Tim Conway

    John L Scott

    (206) 954-2437

    3 in this area

    45 Total Sales

    Tim Conway
    Section Image
  • Lori Holden

    Buyer's Agent in 2019

    Lori Holden

    John L Scott

    (206) 949-5674

    14 in this area

    101 Total Sales

    Lori Holden
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1393453

Northwest Multiple Listing Service (NWMLS)

APN: 130030-1850

Washington King County Mercer Island 98040 Mercerdale

3406 72nd Place SE, Mercer Island, WA

This home is located at 3406 72nd Place SE, Mercer Island, WA 98040 since 14 December 2018 and is currently estimated at $3,724,151, approximately $1,489 per square foot. 3406 72nd Place SE 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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