NOT LISTED FOR SALE

Estimated Value: $3,041,000 - $9,142,665

3 Beds
2 Baths
4,100 Sq Ft
$1,486/Sq Ft Est. Value

Last Sold September 27, 2012

Last sale price $1,750,000 $427 Per Sq Ft

Est. 248% increase in value since last sale

Current estimated payment $40,047/month

88 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Lake View
  • West Mercer Elementary School Rated A
  • Spa
  • Deck

About This Home

As of September 2012

½ acre+ on Mercer Island’s “Gold Coast”. Signature offering w/ 100’ of magnificent frontage on Lake Washington includes cove w/ beach & 57’ dock w/ deep water (10’+) moorage. Prime southwest exposure w/ tremendous views of Seward Park, Seattle, & beautiful sunsets. Just a few minutes from town, yet extremely quiet. Registered water rights, large waterfall, fruit trees. 4,000+ square foot home has large footprint allowing for terrific remodel / rebuild possibilities. Don’t miss this one!

Last Listed By

Bryan Loveless

Windermere R.E. Northeast, Inc License #19983 Listed on: 05/18/2012

Windermere R.E. Northeast, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM358441

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $75,273

Year Built

  • Built in 1966

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Partially Fenced Property
  • Sloped Lot
  • Property is zoned R15

Parking

  • Detached Carport Space

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 2 Fireplaces
  • Partially Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3623500271

Home Details

Home Type

Single Family

Est. Annual Taxes

$75,273

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Bath Off Master, Ceiling Fan(s), Dining Room, Hot Tub/Spa, Jetted Tub
  • Floor Covering: Hardwood, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Garbage Disposal, Range/Oven
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 2.50
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Basement: Daylight, Partially Finished
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4400
  • Square Footage Finished: 4100
  • Square Footage Unfinished: 300

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: City, Lake, Mountain
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Type: Carport-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Basement Closet-Natural Gas
  • Water Source: Public

Schools

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

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Dimensions: Irregular - See Map
  • Lot Sq Ft: 22498
  • Lot Topography Vegetation: Partial Slope
  • Parcel Number: 3623500271
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Partial Slope

Tax Info

  • Tax Amount: 22225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2012
Closed on
Sep 25, 2012
Sold by
Graddon H Richard and Graddon Donna J
Bought by
Karambelas James and Karambelas Georgene
Seller's Agent
Bryan Loveless
Windermere R.E. Northeast, Inc
Buyer's Agent
Nick Pallis
Windermere Real Estate/East
List Price
$1,750,000
Sold Price
$1,750,000
Total Days on Market
88
Current Estimated Value
$6,091,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,341,833
Avg. Annual Appreciation
10.37%
Original Mortgage
$1,209,429
Interest Rate
2.87%

Purchase Details

Closed on
Sep 20, 2005
Sold by
Graddon H Richard and Graddon Donna J
Bought by
Graddon H Richard and Graddon Donna J

Purchase Details

Closed on
Jan 14, 2003
Sold by
Graddon Richard H and Graddon Donna J
Bought by
Graddon H R and Graddon Donna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
5.37%

Purchase Details

Closed on
Mar 23, 1998
Sold by
Graddon H Richard and Graddon Donna J
Bought by
Graddon H Richard and Graddon Donna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
6.75%

Purchase Details

Closed on
Mar 29, 1993
Sold by
Graddon Graddon H and Graddon Donna J
Bought by
Graddon Family Trust

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
Karambelas James $1,750,000 First American
Graddon H Richard -- --
Graddon H R -- Transnation Ti
Graddon H Richard -- Chicago Title Insurance Co
Graddon Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karambelas James $800,000
Open Karambelas James $2,500,000
Closed Karambelas James $1,209,429
Previous Owner Graddon H Richard $500,000
Previous Owner Graddon H R $575,000
Previous Owner Graddon H Richard $620,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2012 09/27/12 Sold $1,750,000 0.0% $427 / Sq Ft
08/14/2012 08/14/12 Pending -- -- --
05/18/2012 05/18/12 For Sale $1,750,000 -- $427 / 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 $75,273 $11,500,000 $4,521,000 $6,979,000
2023 $74,045 $10,800,000 $4,266,000 $6,534,000
2022 $66,444 $12,078,000 $4,799,000 $7,279,000
2021 $63,766 $9,027,000 $3,950,000 $5,077,000
2020 $63,086 $7,970,000 $3,762,000 $4,208,000
2018 $50,295 $7,821,000 $2,700,000 $5,121,000
2017 $20,087 $5,799,000 $2,597,000 $3,202,000
2016 $20,043 $2,468,000 $2,374,000 $94,000
2015 $19,313 $2,398,000 $2,149,000 $249,000
2014 -- $2,208,000 $1,987,000 $221,000
2013 -- $2,275,000 $2,208,000 $67,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM358441

Northwest Multiple Listing Service (NWMLS)

APN: 362350-0271