NOT LISTED FOR SALE

4320 Island Crest Way Mercer Island, WA 98040

The Plateau Neighborhood

Estimated Value: $2,063,000 - $2,738,000

1.67 Acres
$1,435,831 Price per Acre
72,745 Sq Ft Lot

Last Sold May 19, 2021

Last sale price $2,580,000

Est. 7% decrease in value since last sale

Current estimated payment $13,762/month

2 Days on Market

About This Lot

As of May 2021

Calling all investors, builders and developers! Located on coveted Mercer Island, this rare building lot offers over 1-1/2 acres with preliminary plat approval and massing study. Its lightly treed, gently rolling topography is ideal for your new development or private retreat. I-90 and future light rail access are just minutes away for a dream commute to Seattle or Bellevue. Close to parks, the library, public pool, ball field, and top-rated Mercer Island schools!

Last Listed By

Joe Liu

Windermere Mercer Island License #112201 Listed on: 03/17/2021

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1743735

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,438

Year Built

  • 1955

Lot Details

  • Lot Has A Rolling Slope

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 1824059031

Property Details

Property Type

Land

Est. Annual Taxes

$12,438

Year Built

1955

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Lightly Treed, Partially Cleared
  • Style: 41 - Res-Over 1 Acre
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1955

Exterior Features

  • Road Information: Privately Maintained
  • Water Jurisdiction: Mercer Island

Utilities

  • Electricity: On Property
  • Gas Available: On Property
  • Sewer: Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: Mercer Island

Schools

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

Lot Info

  • General Zoning Classification: Residential
  • Lot Sq Ft: 72745
  • Parcel Number: 1824059031
  • Topography: Rolling
  • Zoning Jurisdiction: City

Tax Info

  • Tax Amount: 9853

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
May 10, 2021
Sold by
Mercertech International Llc
Bought by
Charger Real Estate & Development Inc
Seller's Agent
Joe Liu
Windermere Mercer Island
Buyer's Agent
PARMINDER BHATTI
Skyline Properties, Inc.
List Price
$2,580,000
Sold Price
$2,580,000
Total Days on Market
2
Current Estimated Value
$2,397,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$182,163
Avg. Annual Appreciation
-2.82%

Purchase Details

Closed on
Oct 24, 2011
Sold by
Chiu Alan S and Wu Jannifer L
Bought by
Mercarteeh International Llc

Purchase Details

Closed on
Dec 21, 2007
Sold by
Woodcock Paul
Bought by
Chiu Alan and Wu Jannifer

Range of Values:

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Average Value
Not Available
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
Khaira Japneet $2,580,000 Chicago Title Company Of Wa
Mercarteeh International Llc -- None Available
Chiu Alan $1,200,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Charger Real Estate & Developm $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $2,580,000 0.0% --
03/19/2021 03/19/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $2,580,000 -- --
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 $12,438 -- -- --
2023 $12,438 $1,805,000 $1,509,000 $296,000
2022 $11,122 $2,019,000 $1,698,000 $321,000
2021 $11,152 $1,509,000 $1,398,000 $111,000
2020 $10,563 $1,392,000 $1,332,000 $60,000
2018 $10,357 $1,310,000 $1,300,000 $10,000
2017 $8,895 $1,193,000 $1,176,000 $17,000
2016 $8,282 $1,092,000 $1,075,000 $17,000
2015 $8,011 $990,000 $973,000 $17,000
2014 -- $915,000 $900,000 $15,000
2013 -- $980,000 $905,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • Joe Liu

    Seller's Agent in 2021

    Joe Liu

    Windermere Corporate

    (206) 419-1888

    1 in this area

    55 Total Sales

    Joe Liu
    Section Image
  • PARMINDER BHATTI

    Buyer's Agent in 2021

    PARMINDER BHATTI

    Skyline Properties, Inc

    (206) 240-6269

    1 in this area

    18 Total Sales

    PARMINDER BHATTI
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1743735

Northwest Multiple Listing Service (NWMLS)

APN: 182405-9031

Washington King County Mercer Island 98040 The Plateau

4320 Island Crest Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 4320 Island Crest Way, Mercer Island, WA 98040 since 17 March 2021 and is currently estimated at $2,397,837. This property was built in 1955. 4320 Island Crest Way is a home located in King County with nearby schools including Northwood Elementary School, Islander Middle School, and Mercer Island High School.

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.

Northwest Multiple Listing Service (NWMLS) 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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