NOT LISTED FOR SALE

4338 W Mercer Way Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $2,167,000 - $2,982,000

4 Beds
4 Baths
3,730 Sq Ft
$707/Sq Ft Est. Value

Last Sold July 17, 2014

Last sale price $1,260,500 $338 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $15,155/month

About This Home

absolutely impeccable, quality construction w/lots of custom touches, fabulous update thru out, radiant heat floors, dramatic entry, gourmet kitchen w/slab granite cntr, top of the line appliances, spacious formal dining rm w/lrg picture window&custom cabinets, luxurious mstr bath n California closet org, flex rm (nanny quarter/den) w/3/4 bath, new 50yr roof in 2012, new ext paint in 2013, manicured lawn n sprinkler system, circular drive way, conveniently located for easy commute

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2014
Closed on
Jul 14, 2014
Sold by
Kim Derek K and Kim June H
Bought by
Du Zheng and Chen Xinyan
Seller's Agent
Soon Kim
Skyline Properties, Inc.
Buyer's Agent
Xinyan Chen
eLink Realty
List Price
$1,324,950
Sold Price
$1,260,500
Premium/Discount to List
-$64,450
-4.86%
Current Estimated Value
$2,637,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,377,073
Avg. Annual Appreciation
6.72%
Original Mortgage
$506,000
Outstanding Balance
$384,552
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$2,253,021

Purchase Details

Closed on
Feb 13, 2006
Sold by
Groom Brett L L and Nguyen Groom An H
Bought by
Kim Derek K and Kim June H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 12, 2004
Sold by
Chin Roger S and Chin Becky E
Bought by
Groom Brett L L and Nguyen Groom An H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1999
Sold by
Shmulewitz Ascher and Shmulewitz Edit Y
Bought by
Chin Roger S and Chin Becky E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 1994
Sold by
Kenny Molly B
Bought by
Shmulewitz Ascher and Shmulewitz Edit Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 1994
Sold by
Hawkins Matthew T
Bought by
Kenny Molly B

Purchase Details

Closed on
Jul 13, 1993
Sold by
Hawkins Jr Matthew T
Bought by
Kenney Molly B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Du Zheng $1,260,500 Chicago Title
Kim Derek K $1,100,000 Transnation Ti
Groom Brett L L $955,000 Chicago Title
Chin Roger S $755,000 Transnation Title Insurance
Shmulewitz Ascher $460,000 Transamerica Title Ins Co
Kenny Molly B -- Chicago Title Insurance Co
Kenney Molly B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Du Zheng $506,000
Previous Owner Kim Derek K $760,000
Previous Owner Groom Brett L L $750,000
Previous Owner Chin Roger S $604,000
Previous Owner Shmulewitz Ascher $414,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2014 07/17/14 Sold $1,260,500 -4.9% $338 / Sq Ft View Prior Sale
05/09/2014 05/09/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $1,324,950 -- $355 / Sq Ft

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 $14,717 $2,246,000 $1,348,000 $898,000
2023 $14,811 $2,150,000 $1,272,000 $878,000
2022 $13,248 $2,405,000 $1,431,000 $974,000
2021 $13,311 $1,798,000 $1,178,000 $620,000
2020 $12,757 $1,662,000 $1,126,000 $536,000
2018 $12,377 $1,580,000 $902,000 $678,000
2017 $10,806 $1,426,000 $816,000 $610,000
2016 $10,053 $1,327,000 $746,000 $581,000
2015 $9,689 $1,202,000 $676,000 $526,000
2014 -- $1,107,000 $625,000 $482,000
2013 -- $937,000 $554,000 $383,000
Source: Public Records

Agents Affiliated with this Home

  • Soon Kim

    Seller's Agent in 2014

    Soon Kim

    Skyline Properties, Inc

    (206) 228-3005

    13 Total Sales

    Soon Kim
    Section Image

  • S

    Seller Co-Listing Agent in 2014

    Steve Oh

    Skyline Properties, Inc

    Section Image

  • X

    Buyer's Agent in 2014

    Xinyan Chen

    eLink Realty

    Section Image
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Map

Washington King County Mercer Island 98040 Forest Avenue

4338 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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