NOT LISTED FOR SALE

4338 E Mercer Way Mercer Island, WA 98040

East Mercer Neighborhood

Estimated Value: $6,937,736 - $8,147,000

4 Beds
5.5 Baths
6,660 Sq Ft
$1,135/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $7,475,000 $1,122 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $44,477/month

Highlights

  • Boathouse
  • 120 Feet of Waterfront
  • Two Primary Bedrooms
  • Island Park Elementary School Rated A
  • Docks
  • Lake View

About This Home

As of May 2024

East coast style meets NW waterfront living in this luxurious & timeless custom-built home. Expert craftsmanship coupled with classic styling & impeccable attention to detail make this a one of a kind property. Multiple indoor/outdoor entertaining spaces, flexible & open floor plan + elevator for complete access. Perfection on 120’ of level, no bank waterfront with Mt views. Mature, professional landscaping, private dock, boat house & boat/jet ski lifts. Quick I-90 access. Exceptional property.

Last Agent to Sell the Property

Kelli Howison

Windermere Real Estate/East License #88576 Listed on: 05/15/2024

Windermere Real Estate/East

Last Buyer's Agent

No Member Specified

NWMLS-NonOffice

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2238199

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,247

Year Built

  • Built in 1996

Lot Details

  • 0.38 Acre Lot
  • 120 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Dog Run
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in very good condition

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Cape Cod Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,660 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Skylights
  • 4 Fireplaces
  • Gas Fireplace
  • French Doors
  • Dining Room

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Bulkhead
  • Boathouse
  • Docks
  • Patio

Schools

  • Island Park Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Generator Hookup
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Built by Design Guild
  • Eastside Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 0046100009

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,247

Year Built

Built in 1996

Lot Details

0

HOA Fees

$25 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Accessibility Features: Other
  • Year Built: 1996
  • Inclusions: Dishwashers,DoubleOven,Dryers,GarbageDisposal,Microwaves,Refrigerators,TrashCompactor,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Cape Cod
  • Building Name: Cedar Cove
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 6660
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 4
  • Basement: None
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Disposal, Microwave(s), Refrigerator(s), Trash Compactor, Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Second Primary Bedroom, Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace (Primary Bedroom), French Doors, Jetted Tub, Security System, Skylight(s), Walk-In Closet(s), Walk-In Pantry, Wet Bar, Wired for Generator, Fireplace, Water Heater
  • Living Area: 6660
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • Bathrooms: 4.75
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 6660
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 2
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Trash Compactor,Washer(s)
  • FireplacesUpper: 2

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront Features: Bulkhead, Lake, No Bank
  • Waterfront: Yes
  • Builder Name: Design Guild
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • WaterfrontFootage: 120

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecuritySystem, FullyFenced
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 25
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Parcel Number: 0046100009
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.3762
  • Lot Size Sq Ft: 16389
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Boat House,Cable TV,Dock,Dog Run,Fenced-Partially,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR

Green Features

  • Power Production Type: Natural Gas

Tax Info

  • Year: 2024
  • Tax Annual Amount: 51247

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Island Park Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
May 9, 2024
Sold by
Trust Fbo Laurence Hh Whitting Jr and Howison George E
Bought by
Lakeside Dream Trust and Ostrem
Seller's Agent
Kelli Howison
Windermere Real Estate/East
Buyer's Agent
No Member Specified
NWMLS-NonOffice
List Price
$7,475,000
Sold Price
$7,475,000
Current Estimated Value
$7,560,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,912
Avg. Annual Appreciation
1.90%

Purchase Details

Closed on
Apr 1, 2010
Sold by
Howison Derek Reed
Bought by
Howison Derek Reed and Whiting Laurence H H

Purchase Details

Closed on
Feb 11, 1994
Sold by
Willoughby Alton O
Bought by
Howison George E and Howison Susan C

Purchase Details

Closed on
Jul 9, 1992
Sold by
Willoughby Susan B
Bought by
Willoughby Alton O
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 Buyer Sale Price Title Company
Lakeside Dream Trust $7,475,000 First American Title Insurance
Howison Derek Reed -- None Available
Howison Derek Reed -- None Available
Howison George E $875,000 Chicago Title
Willoughby Alton O -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $7,475,000 0.0% $1,122 / Sq Ft
05/15/2024 05/15/24 For Sale $7,475,000 -- $1,122 / 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 $51,925 $7,932,000 $4,086,000 $3,846,000
2023 $51,074 $7,449,000 $3,855,000 $3,594,000
2022 $45,833 $8,330,000 $4,337,000 $3,993,000
2021 $43,986 $6,226,000 $3,570,000 $2,656,000
2020 $43,810 $5,497,000 $3,400,000 $2,097,000
2018 $47,702 $5,698,000 $3,099,000 $2,599,000
2017 $41,633 $5,500,000 $2,980,000 $2,520,000
2016 $38,720 $5,117,000 $2,724,000 $2,393,000
2015 $37,302 $4,634,000 $2,466,000 $2,168,000
2014 -- $4,266,000 $2,280,000 $1,986,000
2013 -- $4,298,000 $2,277,000 $2,021,000
Source: Public Records

Agents Affiliated with this Home

  • Kelli Howison

    Seller's Agent in 2024

    Kelli Howison

    Windermere Corporate

    (206) 491-3227

    1 in this area

    39 Total Sales

    Kelli Howison
    Section Image

  • N

    Buyer's Agent in 2024

    No Member Specified

    NWMLS-NonOffice

    1 in this area

    4,359 Total Sales

    No Member Specified
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2238199

Northwest Multiple Listing Service (NWMLS)

APN: 004610-0009

Washington King County Mercer Island 98040 East Mercer

4338 E Mercer Way, Mercer Island, WA

This home is located at 4338 E Mercer Way, Mercer Island, WA 98040 since 15 May 2024 and is currently estimated at $7,560,912, approximately $1,135 per square foot. This property was built in 1996. 4338 E Mercer Way is a home located in King County with nearby schools including Island Park 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) 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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