NOT LISTED FOR SALE

3603 W Mercer Way Mercer Island, WA 98040

Mercerdale Neighborhood

Estimated Value: $2,328,000 - $5,638,000

3 Beds
2 Baths
2,040 Sq Ft
$2,114/Sq Ft Est. Value

Last Sold May 21, 2014

Last sale price $1,200,000 $588 Per Sq Ft

Est. 259% increase in value since last sale

Current estimated payment $26,701/month

98 Days on Market

About This Home

As of May 2014

Rare Find just 1 Mile South of I-90! Prime Low Bank Lake Washington Waterfront Property with *Heated Dock / Boat Slip. Enjoy Seafair / Blue Angels & Hydro Racing in your own front Yard! Charming 1928 2-Story Home with huge open water Views of Seattle. Home site is Flat & Usable w/ Detached Garage on upper level. It’s a quiet Oasis to enjoy the full sun of western exposure. Ask about Owner Financing & $100,000.00 Buyer Credit! Showings by appointment only. (*Heated by the Gold Coast Sunshine!)

Last Listed By

Edward Gillis

Keller Williams Realty Bothell License #43135 Listed on: 12/14/2013

Keller Williams Realty Bothell

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM574057

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$33,511

Year Built

1928

Lot Details

0

Listing Details

  • Condition: Good
  • Sq Ft Finished: 2040
  • Form 17: Exempt
  • Special Features: None
  • Year Built: 1928

Interior Features

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplaces: 1
  • Basement: Unfinished
  • Features: Double Pane/Storm Window, Dining Room, Walk-in Closet
  • Fireplaces: 1
  • Floor: Fir/Softwood, Hardwood, Vinyl
  • Water Heater Location: Basement-Electric

Exterior Features

  • Roof: Composition
  • Community Features: Private Beach Access
  • Exterior: Metal/Vinyl
  • Foundation: Poured Concrete
  • Lot Details: Paved Street, Value In Land
  • Roof: Composition
  • Site Features: Cable TV, Deck, Dock, Partial Fence, Natural Gas Available, High Speed Internet, Moorage, Patio, Sprinkler System
  • View: City, Lake, Mountain
  • Waterfront: Low Bank, Lake
  • Waterfront Frontage: 62.5'
  • Lot Topography: Garden Space, Level, Partial Slope

Garage/Parking

  • Parking Type: Garage-Detached, Off Street
  • Total Covered Spaces: 1

Utilities

  • Cooling: Forced Air, Insert
  • Heating: Forced Air, Insert
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air, Insert
  • Power Company: Puget Sound Energy
  • Sewer: Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Schools

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

Lot Info

  • Lot Dimensions: 62.5' x 143' +/-

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2022
Sold by
Boyle Michael D
Bought by
Boyle Michael D
Total Days on Market
98
Current Estimated Value
$4,312,471

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
Outstanding Balance
$1,403,727
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$3,379,198

Purchase Details

Listed on
Dec 14, 2013
Closed on
May 12, 2014
Sold by
Athens Boyle Lynn
Bought by
Boyle Michael D
Seller's Agent
Edward Gillis
Keller Williams Realty Bothell
Buyer's Agent
Carol Hinderstein
Coldwell Banker Bain
List Price
$1,500,000
Sold Price
$1,200,000
Premium/Discount to List
-$300,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.39%
Original Mortgage
$500,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 1993
Sold by
Hurley Robert E and Hurley Edna B
Bought by
Hurley Robert E and Hurley Edna B

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
Boyle Michael D $313 First American Title
Boyle Michael D -- None Available
Boyle Michael D $1,200,000 First American
Hurley Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyle Michael D $1,500,000
Previous Owner Boyle Michael D $500,000
Previous Owner Boyle Michael D $250,000
Previous Owner Boyle Michael D $150,000
Previous Owner Boyle Michael D $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2014 05/21/14 Sold $1,200,000 -20.0% $588 / Sq Ft
03/23/2014 03/23/14 Pending -- -- --
12/14/2013 12/14/13 For Sale $1,500,000 -- $735 / 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 $33,511 $5,118,000 $1,765,000 $3,353,000
2023 $35,996 $4,807,000 $1,666,000 $3,141,000
2022 $20,828 $5,870,000 $1,875,000 $3,995,000
2021 $12,079 $2,828,000 $1,544,000 $1,284,000
2020 $11,241 $1,508,000 $1,471,000 $37,000
2018 $11,666 $1,392,000 $1,263,000 $129,000
2017 $9,854 $1,344,000 $1,215,000 $129,000
2016 $9,167 $1,210,000 $1,111,000 $99,000
2015 $8,832 $1,096,000 $1,006,000 $90,000
2014 -- $1,009,000 $930,000 $79,000
2013 -- $778,000 $720,000 $58,000
Source: Public Records

Agents Affiliated with this Home

  • Edward Gillis

    Seller's Agent in 2014

    Edward Gillis

    Keller Williams Realty Bothell

    (425) 422-7107

    104 Total Sales

    Edward Gillis
    Section Image

  • C

    Buyer's Agent in 2014

    Carol Hinderstein

    Coldwell Banker Bain

    (206) 595-5722

    2 Total Sales

    Carol Hinderstein
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM574057

Northwest Multiple Listing Service (NWMLS)

APN: 362350-0260

Washington King County Mercer Island 98040 Mercerdale

3603 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 3603 W Mercer Way, Mercer Island, WA 98040 since 14 December 2013 and is currently estimated at $4,312,471, approximately $2,113 per square foot. This property was built in 1928. 3603 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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