Seller's Agent in 2025
Katie Penny Shea
Coldwell Banker Bain
(206) 755-5051
2 in this area
64 Total Sales
Listed by Coldwell Banker Bain, Bought with COMPASS
4024 85th Ave SE Mercer Island, WA 98040
Mercerwood Neighborhood
0.31
Acre
$5,437,238
Price per Acre
13,499
Sq Ft Lot
Highlights
- Territorial View
- No HOA
- Level Lot
- Northwood Elementary School Rated A
- Garage
About This Lot
As of January 2025Prime 13,500 sq' level lot on the desirable north end of MI, perfectly positioned to enjoy both east & west sunlight. Endless opportunities await! Build your dream home on this expansive, flat property or remodel/rebuild the existing 2,280 sq' rambler w/basement. Live in the current 3BR/2BA home while planning your vision. Home features living rm, family rm, hardwood flrs, 3 fireplaces, basement w/workshop & large 2-car garage. Enjoy the privacy this lot offers while being conveniently near Northwood & West Mercer Elem, MIHS, Boys & Girls Club, parks, public swimming pool & quick access to downtown MI. Bring your builder & architect to see the potential of this truly rare & beautiful flat lot. *Owner-occupied, appointment required to view*
Last Agent to Sell the Property
Coldwell Banker Bain License #89745 Listed on: 12/27/2024
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2318207
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,284
Lot Details
- 0.31 Acre Lot
- Level Lot
Parking
- Garage
Property Views
- Territorial Views
Schools
- Northwood Elementary School
- Islander Mid Middle School
- Mercer Isl High School
Community Details
- No Home Owners Association
- Mercer Island Subdivision
Listing and Financial Details
- Assessor Parcel Number 5450300155
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 27, 2024
Closed on
Jan 13, 2025
Sold by
Finn Michael J and Finn Ann K
Bought by
Nw Eastside Builders Llc
Seller's Agent
Katie Penny Shea
Coldwell Banker Bain
Buyer's Agent
Michael Orbino
COMPASS
List Price
$1,685,000
Sold Price
$1,685,000
Views
10
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
$38,996
Avg. Annual Appreciation
3.18%
Purchase Details
Closed on
Aug 31, 1982
Sold by
Neffner Howard W and Neffner Katharyn C
Bought by
Finn Michael J and Finn Ann K
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,685,000 | Chicago Title | |
| Warranty Deed | $1,685,000 | Chicago Title | |
| Warranty Deed | $96,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2025 01/16/25 | Sold | $1,685,000 | 0.0% | $739 / Sq Ft |
| 12/31/2024 12/31/24 | Pending | -- | -- | -- |
| 12/27/2024 12/27/24 | For Sale | $1,685,000 | -- | $739 / 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 | $10,411 | $1,588,000 | $1,231,000 | $357,000 |
| 2023 | $10,284 | $1,492,000 | $1,162,000 | $330,000 |
| 2022 | $9,201 | $1,669,000 | $1,308,000 | $361,000 |
| 2021 | $8,832 | $1,248,000 | $1,077,000 | $171,000 |
| 2020 | $8,684 | $1,102,000 | $1,026,000 | $76,000 |
| 2018 | $7,782 | $1,075,000 | $867,000 | $208,000 |
| 2017 | $6,577 | $896,000 | $784,000 | $112,000 |
| 2016 | $6,119 | $807,000 | $717,000 | $90,000 |
| 2015 | $5,895 | $731,000 | $649,000 | $82,000 |
| 2014 | -- | $673,000 | $600,000 | $73,000 |
| 2013 | -- | $595,000 | $538,000 | $57,000 |
Source: Public Records
Agents Affiliated with this Home
-
Katie Penny Shea
-
Michael Orbino
Buyer's Agent in 2025
Michael Orbino
COMPASS
(425) 269-3445
1 in this area
110 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2318207
APN: 545030-0155
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
Nearby Homes
- 4047 86th Ave SE
- 4026 Island Crest Way
- 8456 SE 40th St
- 3706 84th Ave SE
- 4018 89th Ave SE
- 4230 W Mercer Way
- 8150 Evergreen Ln
- 4332 W Mercer Way
- 8418 SE 44th St
- 7929 SE 37th St
- 4150 Boulevard Place
- 18 Holly Ln
- 4450 84th Ave SE
- 3208 81st Place SE Unit 102
- 8351 SE 31st St
- 7930 SE 34th St Unit 513
- 7930 SE 34th St Unit 401
- 7930 SE 34th St Unit 209
- 4465 W Mercer Way
- 3260 80th Ave SE Unit 1