Seller's Agent in 2024
Scott Richards
Windermere Corporate
(208) 622-2700
2 in this area
88 Total Sales
4006 E Mercer Way Mercer Island, WA 98040
East Mercer NeighborhoodEstimated Value: $4,400,000 - $5,034,000
4
Beds
2
Baths
3,100
Sq Ft
$1,482/Sq Ft
Est. Value
Highlights
- 80 Feet of Waterfront
- Docks
- 0.83 Acre Lot
- Northwood Elementary School Rated A
- Lake View
- Fireplace in Primary Bedroom
About This Home
As of March 2024Welcome home to Mercer Island Waters Edge- an exquisite opportunity to create your own lake estate on 80 feet of no bank lakefront. Survey, engineering, plans, permitting complete (included with sale) and ready to build new ~4,900sf, 4 bedroom, 6 bathroom residence with 4 car garage on .83 acres. Enjoy estate sized lot, add tennis court or subdivide into two lots. Newly constructed dock boasts deep water moorage and serves as perfect launch point for recreation, cruises and longer excursions. Current 3,100sf four bedroom charming bungalow was constructed in 1908 and could be remodeled to recapture its sense of casual waterfront retreat. Ideally located on the north-end of the Island for easy commutes to Seattle and the Eastside.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2159581
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,006
Year Built
- Built in 1908
Lot Details
- 0.83 Acre Lot
- 80 Feet of Waterfront
- Lake Front
- Street terminates at a dead end
- Sloped Lot
- Value in Land
- Zoning described as R9.6
Parking
- 2 Car Attached Garage
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 3,100 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Gas Fireplace
- Dining Room
- Lake Views
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
Outdoor Features
- Docks
- Deck
Schools
- Northwood Elementary School
- Islander Mid Middle School
- Mercer Isl High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Eastside Subdivision
Listing and Financial Details
- Assessor Parcel Number 4131900005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2023
Closed on
Mar 5, 2024
Sold by
Mounger Mitchell L and Mounger Wendy
Bought by
Jason Brothers Inc
Seller's Agent
Scott Richards
Windermere Real Estate/East
Buyer's Agent
Charlie Du
MY REALTY GROUP LLC
List Price
$5,499,988
Sold Price
$4,500,000
Premium/Discount to List
-$999,988
-18.18%
Total Days on Market
119
Views
242
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,233
Avg. Annual Appreciation
1.78%
Purchase Details
Listed on
Feb 21, 2020
Closed on
Apr 14, 2020
Sold by
Hall Mark Allen
Bought by
Mounger Mitchell L and Mounger Wendy
Seller's Agent
Joan Bayley
Windermere Real Estate/East
Buyer's Agent
Daniel Marinello
COMPASS
List Price
$3,600,000
Sold Price
$3,650,000
Premium/Discount to List
$50,000
1.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$3,000,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2018
Sold by
Hall Dowd Susan Lee
Bought by
Hall Horace M
Purchase Details
Closed on
Dec 11, 1996
Sold by
Hall Mary Ann
Bought by
Hall Mary Ann and Mary Ann Hall Personal Residence Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jason Brothers Inc | $4,500,000 | Chicago Title | |
| Mounger Mitchell L | $3,650,000 | Fidelity National Title | |
| Hall Horace M | -- | None Available | |
| Hall Mary Ann | -- | -- | |
| Hall Horace M | -- | -- | |
| Hall Mary Ann | -- | -- | |
| Hall Horace M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mounger Mitchell L | $990,000 | |
| Previous Owner | Mounger Mitchell L | $3,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/06/2024 03/06/24 | Sold | $4,500,000 | -18.2% | $1,452 / Sq Ft |
| 01/05/2024 01/05/24 | Pending | -- | -- | -- |
| 09/08/2023 09/08/23 | For Sale | $5,499,988 | +50.7% | $1,774 / Sq Ft |
| 04/23/2020 04/23/20 | Sold | $3,650,000 | +1.4% | $1,177 / Sq Ft |
| 02/28/2020 02/28/20 | Pending | -- | -- | -- |
| 02/21/2020 02/21/20 | For Sale | $3,600,000 | -- | $1,161 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $26,057 | $3,979,000 | $3,217,000 | $762,000 |
| 2023 | $25,729 | $3,737,000 | $3,035,000 | $702,000 |
| 2022 | $23,006 | $4,180,000 | $3,414,000 | $766,000 |
| 2021 | $22,086 | $3,124,000 | $2,810,000 | $314,000 |
| 2020 | $24,858 | $2,759,000 | $2,677,000 | $82,000 |
| 2018 | $27,708 | $3,309,000 | $3,198,000 | $111,000 |
| 2017 | $23,397 | $3,194,000 | $3,075,000 | $119,000 |
| 2016 | $21,764 | $2,875,000 | $2,811,000 | $64,000 |
| 2015 | $20,965 | $2,604,000 | $2,544,000 | $60,000 |
| 2014 | -- | $2,397,000 | $2,352,000 | $45,000 |
| 2013 | -- | $2,321,000 | $2,252,000 | $69,000 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Richards
-
Stephanie Haner
Seller Co-Listing Agent in 2024
Stephanie Haner
Windermere Corporate
(206) 795-0933
1 in this area
56 Total Sales
-
Charlie Du
C
Buyer's Agent in 2024
Charlie Du
MY REALTY GROUP LLC
(425) 985-6947
1 in this area
182 Total Sales
-
Joan Bayley
Seller's Agent in 2020
Joan Bayley
Windermere Corporate
(206) 940-4611
1 in this area
64 Total Sales
-
Daniel Marinello
Buyer's Agent in 2020
Daniel Marinello
COMPASS
(206) 769-2556
31 Total Sales
Map
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Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2159581
APN: 413190-0005
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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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