Listed by Windermere Real Estate/East, Bought with MY REALTY GROUP LLC
$4,500,000
SOLD MAR 6, 2024
4 Beds
2 Baths
3,100 Sq Ft
0.83 Acres

Recently Sold

$1,452 Per Sq Ft

18% Below List Price

119 Days on Market

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 2024

Welcome 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.

Last Agent to Sell the Property

Scott Richards

Windermere Real Estate/East License #17884 Listed on: 09/08/2023

Windermere Real Estate/East

Co-Listed By

Stephanie Haner

Windermere Real Estate/East License #139919

Last Buyer's Agent

Charlie Du

MY REALTY GROUP LLC License #98462

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2159581

Northwest Multiple Listing Service (NWMLS)

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,006

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1908
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: North End
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3100
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 926

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet, Dining Room, Fireplace (Primary Bedroom), Fireplace
  • Living Area: 3100
  • Bathrooms: 1.75
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 3100
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • FireplacesUpper: 1

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Dead End Street, Paved, Value In Land
  • View: Yes
  • Waterfront Features: Lake, No Bank
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • WaterfrontFootage: 80

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of MI
  • WaterCompany: City of MI

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 4131900005
  • Topography: Sloped
  • Land Lease: No
  • Lot Size Acres: 0.8303
  • Lot Size Sq Ft: 36166
  • Zoning Description: R9.6
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Dock,Moorage
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Tax Info

  • Year: 2022
  • Tax Annual Amount: 23006

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Northwood Elem

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%
Views
242
Current Estimated Value
$4,718,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,934
Avg. Annual Appreciation
3.53%

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,500,000 Chicago Title
Warranty Deed $3,650,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $990,000 New Conventional
Previous Owner $3,000,000 New Conventional
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

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 $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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2159581

Northwest Multiple Listing Service (NWMLS)

APN: 413190-0005