Seller's Agent in 2025
Tere Foster
COMPASS
(425) 637-8373
1 in this area
409 Total Sales
Listed by COMPASS, Bought with Coldwell Banker Bain
4045 W Mercer Way Mercer Island, WA 98040
Mercerdale Neighborhood
0.28
Acre
$15,357,143
Price per Acre
12,197
Sq Ft Lot
Highlights
- Low Bank Waterfront Property
- Lake View
- Level Lot
- West Mercer Elementary School Rated A
About This Lot
As of March 2025You found it! Unmatched opportunity to build on Mercer Island’s Gold Coast for the most discerning buyer. 100’ of low bank, west-facing waterfront w/ new private & exclusive dock. The perfect canvas to build a legacy home. Enjoy sweeping views from the city of Seattle to south of Seward Park. 50-yard-line sights of Blue Angels, jaw-dropping sunsets and all Lake WA has to offer. A rare chance to own one of the few remaining parcels on one of the most sought-after stretches of MI coastline.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1686117
Property Details
Property Type
- Land
Est. Annual Taxes
- $20,776
Lot Details
- Low Bank Waterfront Property
- Street terminates at a dead end
- Level Lot
Property Views
- Lake
- City
- Mountain
- Territorial
Community Details
- West Mercer Community
Listing and Financial Details
- Assessor Parcel Number 3623500395
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2025
Closed on
Mar 3, 2025
Sold by
Lotus Trust and Ostrem Kanoa S
Bought by
Chancellor Scott Anthony
Seller's Agent
Tere Foster
COMPASS
Buyer's Agent
Nick Gerisilo
John L. Scott, Inc
List Price
$6,125,000
Sold Price
$6,125,000
Views
1
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
-$1,030,742
Avg. Annual Appreciation
-20.02%
Purchase Details
Closed on
Sep 3, 2024
Sold by
Mist Llc
Bought by
Lotus Trust and Ostrem
Purchase Details
Listed on
Nov 4, 2020
Closed on
Jan 7, 2021
Sold by
Mi Cabana Llc
Bought by
Mist Llc
Seller's Agent
Kelly Weisfield
COMPASS
Buyer's Agent
Sabina Chang
Coldwell Banker Bain
List Price
$4,500,000
Sold Price
$4,300,000
Premium/Discount to List
-$200,000
-4.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Purchase Details
Closed on
Nov 7, 2014
Sold by
Hunsaker Parkside Llc
Bought by
Mi Cabana Llc
Purchase Details
Closed on
Jul 30, 2010
Sold by
Karjian Rami and Chatalas Bret
Bought by
Mi Cabana Llc
Purchase Details
Closed on
Jul 21, 2010
Sold by
Chatalas Angela R
Bought by
Chatalas Bret
Purchase Details
Closed on
Jul 20, 2010
Sold by
Karjian Susan
Bought by
Karjian Rami
Purchase Details
Closed on
Jul 13, 2010
Sold by
Gmac Bank
Bought by
Karjian Rami and Chatalas Bret
Purchase Details
Closed on
May 1, 2009
Sold by
Canaan Robert T and Canaan Kathleen D
Bought by
Gmac Bank
Purchase Details
Closed on
Jul 28, 2005
Sold by
The Fairmont Development Corp
Bought by
Canaan Robert T and Canaan Kathleen D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,345,000
Interest Rate
5.96%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 21, 2004
Sold by
Showalter Stephen A and Showalter Rebecca L
Bought by
The Fairmont Development Corp and Fairmont Development
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 10, 1984
Sold by
Harrison Halstead and Harrison Lynne W
Bought by
Showalter Stephen A and Showalter Rebecca L
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 | $6,125,000 | Chicago Title | |
| Quit Claim Deed | $313 | None Listed On Document | |
| Warranty Deed | $4,300,000 | Fidelity National Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Ticor Title Company | |
| Interfamily Deed Transfer | -- | Ticor National | |
| Bargain Sale Deed | $600,000 | Accommodation | |
| Trustee Deed | $1,600,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $525,000 | Transnation Ti | |
| Warranty Deed | $200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $370,000 | Stand Alone Second | |
| Previous Owner | $1,590,000 | Credit Line Revolving | |
| Previous Owner | $1,345,000 | Unknown | |
| Previous Owner | $10,000 | Unknown | |
| Previous Owner | $614,464 | Unknown | |
| Previous Owner | $18,400 | Unknown | |
| Previous Owner | $310,000 | Purchase Money Mortgage | |
| Previous Owner | $130,000 | Unknown | |
| Previous Owner | $70,000 | Unknown | |
| Closed | $50,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2025 03/05/25 | Sold | $6,125,000 | 0.0% | $2,188 / Sq Ft |
| 03/05/2025 03/05/25 | For Sale | $6,125,000 | +42.4% | $2,188 / Sq Ft |
| 01/07/2021 01/07/21 | Sold | $4,300,000 | -4.4% | $1,536 / Sq Ft |
| 11/16/2020 11/16/20 | Pending | -- | -- | -- |
| 11/04/2020 11/04/20 | For Sale | $4,500,000 | -- | $1,607 / 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 | $20,776 | $3,172,000 | $3,127,000 | $45,000 |
| 2023 | $20,610 | $2,993,000 | $2,950,000 | $43,000 |
| 2022 | $20,423 | $3,367,000 | $3,319,000 | $48,000 |
| 2021 | $16,654 | $2,773,000 | $2,732,000 | $41,000 |
| 2020 | $5,913 | $2,080,000 | $2,029,000 | $51,000 |
| 2018 | $6,143 | $732,000 | $631,000 | $101,000 |
| 2017 | $5,365 | $707,000 | $607,000 | $100,000 |
| 2016 | $4,707 | $658,000 | $555,000 | $103,000 |
| 2015 | $4,541 | $562,000 | $503,000 | $59,000 |
| 2014 | -- | $518,000 | $465,000 | $53,000 |
| 2013 | -- | $532,000 | $480,000 | $52,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tere Foster
-
Nick Gerisilo
Buyer's Agent in 2025
Nick Gerisilo
John L Scott
(206) 372-0218
1 in this area
145 Total Sales
-
Kelly Weisfield
Seller's Agent in 2021
Kelly Weisfield
COMPASS
(206) 355-3863
5 in this area
116 Total Sales
-
Sabina Chang
Buyer's Agent in 2021
Sabina Chang
Coldwell Banker Bain
(425) 749-2873
1 in this area
27 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1686117
APN: 362350-0395
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
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