NOT LISTED FOR SALE

4004 Island Crest Way Mercer Island, WA 98040

Mercerwood Neighborhood

Estimated Value: $1,095,000 - $1,395,000

4 Beds
2 Baths
1,460 Sq Ft
$894/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $830,000 $568 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $7,336/month

96 Days on Market

Highlights

  • Northwest Architecture
  • Wood Flooring
  • Corner Lot
  • Northwood Elementary School Rated A
  • 1 Fireplace
  • 4-minute walk to Homestead Field

About This Home

As of November 2019

Rare opportunity to own Mercer Island estate below $900k! Remodel or build your own custom home. Building permit can be done in approximately two months. One-story home features an open floor plan with 4 bedrooms 1.5 bath located on a flat fully-fenced lot of 10,089 SF. Extremely convenient location: 3 mins to get on I-90 and walking distance to elementary and high school, boys & girls club, pool and downtown shopping.

Last Agent to Sell the Property

Regina Wang

Bellevue Capital Advisors Listed on: 07/19/2019

Last Buyer's Agent

Jeff Smart

HomeSmart Elite Brokers License #19968

HomeSmart Elite Brokers

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1493205

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,016

Year Built

  • Built in 1954

Lot Details

  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Garden

Home Design

  • Northwest Architecture
  • Slab Foundation
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Additional Features

  • 1 Fireplace
  • Patio

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 5450300061

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,016

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Skylights
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 4
  • Bathrooms: 1.50
  • Total Full Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1460
  • Square Footage Finished: 1460

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete, Slab
  • Roof: Torch Down

Utilities

  • Heating And Cooling: Radiant
  • Power Company: PSE
  • Sewer: Available
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Heater: Garage-Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island
  • Project: 42

Schools

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

Lot Info

  • Lot Number: 12
  • Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 10089
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 5450300061
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 5068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2021
Sold by
Revive Realty Llc
Bought by
City Of Mercer Island
Current Estimated Value
$1,305,797

Purchase Details

Closed on
May 7, 2021
Sold by
Vallem Maihkariuna
Bought by
Revive Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$954,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 19, 2019
Closed on
Nov 14, 2019
Sold by
Mukkamalla Suchitra
Bought by
Vallem Mallikarjuna
Seller's Agent
Regina Wang
Bellevue Capital Advisors
Buyer's Agent
Jeff Smart
HomeSmart Elite Brokers
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$664,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 19, 2019
Closed on
Oct 30, 2019
Sold by
Yl Investments Llc
Bought by
Vallem Mallikarjuna
Seller's Agent
Regina Wang
Bellevue Capital Advisors
Buyer's Agent
Jeff Smart
HomeSmart Elite Brokers
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 12, 2017
Closed on
Jul 3, 2017
Sold by
Phillips Othelia
Bought by
Yl Investments Llc
Seller's Agent
Gerald Chew
Coldwell Banker Bain
Buyer's Agent
Regina Wang
Bellevue Capital Advisors
List Price
$875,000
Sold Price
$780,000
Premium/Discount to List
-$95,000
-10.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.67%
Original Mortgage
$468,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2010
Sold by
Phillips Othelia C
Bought by
Phillips Othelia C

Purchase Details

Closed on
Nov 10, 2004
Sold by
Phillips Othelia C
Bought by
The Felton T & Othelia C Phillips Revoca and Phillips Othelia C

Purchase Details

Closed on
Aug 27, 2002
Sold by
Phillips Felton T and Phillips Othelia C
Bought by
Phillips Othelia C

Purchase Details

Closed on
Jan 24, 2000
Sold by
Phillips Felton T and Phillips Othelia C
Bought by
Phillips Felton T and Phillips Othelia C

Purchase Details

Closed on
Sep 9, 1993
Sold by
Elsasser Jr Victor H
Bought by
Phillips Felton T and Phillips Othelia C
Source: Public Records

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
City Of Mercer Island $1,175,000 Ticor Title
Revive Realty Llc $885,000 Ticor Title
Vallem Mallikarjuna -- First American Title Ins Co
Vallem Mallikarjuna $830,000 First American Title Ins Co
Yl Investments Llc $780,000 Chicago Title
Phillips Othelia C -- None Available
The Felton T & Othelia C Phillips Revoca -- --
Phillips Othelia C -- --
Phillips Felton T -- --
Phillips Felton T $157,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Revive Realty Llc $954,000
Previous Owner Vallem Mallikarjuna $664,000
Previous Owner Yl Investments Llc $468,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2019 11/22/19 Sold $830,000 -2.2% $568 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $849,000 +8.8% $582 / Sq Ft
07/14/2017 07/14/17 Sold $780,000 -4.3% $534 / Sq Ft View Prior Sale
05/22/2017 05/22/17 Pending -- -- --
05/06/2017 05/06/17 Price Changed $815,000 -6.9% $558 / Sq Ft
03/12/2017 03/12/17 For Sale $875,000 -- $599 / 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 $6,016 $840,000 $840,000 --
2023 $19 $793,000 $793,000 $0
2022 $18 $893,000 $893,000 $0
2021 $6,016 $813,000 $735,000 $78,000
2020 $5,653 $750,000 $700,000 $50,000
2018 $5,068 $699,000 $576,000 $123,000
2017 $4,429 $583,000 $521,000 $62,000
2016 $4,122 $543,000 $477,000 $66,000
2015 $3,972 $492,000 $432,000 $60,000
2014 -- $453,000 $400,000 $53,000
2013 -- $418,000 $384,000 $34,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Regina Wang

    Bellevue Capital Advisors

    Section Image
  • Jeff Smart

    Buyer's Agent in 2019

    Jeff Smart

    HomeSmart Elite Brokers

    (509) 438-8227

    145 Total Sales

    Jeff Smart
    Section Image
  • Gerald Chew

    Seller's Agent in 2017

    Gerald Chew

    Coldwell Banker Bain

    (206) 679-9294

    29 Total Sales

    Gerald Chew
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1493205

Northwest Multiple Listing Service (NWMLS)

APN: 545030-0061

Washington King County Mercer Island 98040 Mercerwood

4004 Island Crest Way, Mercer Island, WA

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Based on information submitted to the MLS GRID

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