NOT LISTED FOR SALE

3408 97th Ave SE Mercer Island, WA 98040

Fruitland - El Dorado Neighborhood

Estimated Value: $3,884,000 - $12,969,455

0.45 Acre
$18,726,062 Price per Acre
19,602 Sq Ft Lot

Last Sold June 29, 2015

Last sale price $4,100,000

Est. 106% increase in value since last sale

Current estimated payment $53,564/month

308 Days on Market

Highlights

  • Lake View
  • Northwood Elementary School Rated A
  • Level Lot

About This Lot

As of June 2015

Behold this ready-for-permitting, new construction opportunity inspired by Garret Cord Werner. Fully engineered plans for a 8,235 SF NW contemporary on vacant land. Building lot (pending lot line adjustment) comprises 101' of nearly flat, no-bank waterfront (19,685 SF lot) incl. with the plans. Behold a park-like setting, walk-in beach & boat house with water rights for irrigation. Renowned school district. Combine with adjacent lot for an extra 11,314 SF lot for a trophy estate (MLS# 746835).

Last Agent to Sell the Property

James Stroupe

Realogics Sotheby's Int'l Rlty License #2738 Listed on: 06/11/2014

Realogics Sotheby's Int'l Rlty

Last Buyer's Agent

Doug Shih

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM650515

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $75,136

Year Built

  • 2014

Lot Details

Additional Features

  • Lake Views
  • Level Lot

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 0724059128

Property Details

Property Type

Land

Est. Annual Taxes

$75,136

Year Built

2014

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Garden/Fruit Trees
  • Style: 40 - Res-Less Thn 1 Ac
  • Restrictions: No Restrictions
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 2014

Exterior Features

  • Road Information: Paved
  • View: Lake
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 101 ft

Utilities

  • Electricity: Available
  • Gas Available: Available
  • Sewer: Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: Mercer Island

Schools

  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • General Zoning Classification: Residential
  • Improvements: Boat House, Dock, Fenced-Partially
  • Lot Details: Paved Street
  • Lot Dimensions: 19685 sq.ft.
  • Lot Sq Ft: 19685
  • Parcel Number: 0724059128
  • Topography: Level
  • Zoning Jurisdiction: City
  • Zoning Remarks: R9.6

Tax Info

  • Tax Amount: 15770

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2021
Sold by
Shih Douglas
Bought by
Obfuscated Llc
Total Days on Market
308
Current Estimated Value
$8,426,728

Purchase Details

Listed on
Jun 11, 2014
Closed on
Jun 22, 2015
Sold by
Shih Jacqueline
Bought by
Shih Douglas
Seller's Agent
James Stroupe
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Doug Shih
Coldwell Banker Bain
List Price
$3,988,000
Sold Price
$4,100,000
Premium/Discount to List
$112,000
2.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%

Purchase Details

Closed on
Dec 1, 2009
Sold by
Shiach David Y
Bought by
Jones Dean and Jones Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
4.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 19, 1991
Sold by
Shiach Kerry Patten
Bought by
Shiach David Y
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
Obfuscated Llc $12,225,000 Chicago Title Company Of Wa
Shih Douglas -- First American
Shih Douglas $4,100,000 First American
Jones Dean $3,000,000 Chicago Title
Shiach David Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obfuscated Llc $8,000,000
Previous Owner Shih Douglas $3,000,000
Previous Owner Jones Dean $3,200,000
Previous Owner Shiach David Y $100,000
Previous Owner Shiach David Y $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2015 06/29/15 Sold $4,100,000 +2.8% --
04/15/2015 04/15/15 Pending -- -- --
06/11/2014 06/11/14 For Sale $3,988,000 -- --
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 $75,136 $11,479,000 $5,108,000 $6,371,000
2023 $85,801 $10,780,000 $4,819,000 $5,961,000
2022 $76,989 $13,996,000 $5,421,000 $8,575,000
2021 $73,885 $10,460,000 $4,462,000 $5,998,000
2020 $82,938 $9,235,000 $4,250,000 $4,985,000
2018 $59,304 $10,282,000 $3,970,000 $6,312,000
2017 $24,306 $6,838,000 $3,818,000 $3,020,000
2016 $12,657 $2,987,000 $2,987,000 $0
2015 $12,249 $1,514,000 $1,514,000 $0
2014 -- $1,400,000 $1,400,000 $0
2013 -- $1,426,000 $1,426,000 $0
Source: Public Records

Agents Affiliated with this Home

  • James Stroupe

    Seller's Agent in 2015

    James Stroupe

    Reaologics Sothebys International Realty

    (206) 538-0730

    62 Total Sales

    James Stroupe
    Section Image

  • D

    Buyer's Agent in 2015

    Doug Shih

    Coldwell Banker Bain

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM650515

Northwest Multiple Listing Service (NWMLS)

APN: 072405-9128

Washington King County Mercer Island 98040 Fruitland - El Dorado

3408 97th Ave SE, Mercer Island, WA

This home is located at 3408 97th Ave SE, Mercer Island, WA 98040 since 11 June 2014 and is currently estimated at $8,426,728. This property was built in 2014. 3408 97th Ave SE is a home located in King County with nearby schools including Northwood 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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