NOT LISTED FOR SALE

Estimated Value: $5,622,000 - $7,332,401

5 Beds
1 Bath
4,270 Sq Ft
$1,573/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $5,900,000 $1,382 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $40,838/month

Highlights

  • Boathouse
  • Low Bank Waterfront Property
  • Lake View
  • Island Park Elementary School Rated A
  • Docks
  • Cape Cod Architecture

About This Home

As of June 2021

This home is located at 4342 E Mercer Way, Mercer Island, WA 98040 since 18 June 2021 and is currently estimated at $6,717,600, approximately $1,573 per square foot. This property was built in 2015. 4342 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.

Last Listed By

Renee McGahan

COMPASS License #119664 Listed on: 06/18/2021

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1794679

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,143

Year Built

  • Built in 2015

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

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

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Bulkhead
  • Boathouse
  • Docks
  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Madrona Crest Community

Listing and Financial Details

  • Assessor Parcel Number 0046100052

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,143

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Cape Cod
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Master Br, Wine Cellar, Wired For Generator, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, French Doors, High Tech Cabling, Security System, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 4.25
  • Total Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Family Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 4270
  • Square Footage Finished: 4270

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition, Torch Down
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Bulkhead, Lake
  • Waterfront Frontage: 70

Garage/Parking

  • Parking Type: Garage-Attached, K
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Central A/C, Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Madrona Crest

Schools

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

Lot Info

  • Lot Details: Dead End Street
  • Lot Sq Ft: 22324
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 0046100052
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 36911

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
May 17, 2021
Sold by
Bahat Omri
Bought by
Bengston Robert A and Bengston Janice Smith
Seller's Agent
Renee McGahan
COMPASS
Buyer's Agent
Todd Rauch
Windermere Real Estate/East
List Price
$5,900,000
Sold Price
$5,900,000
Total Days on Market
0
Current Estimated Value
$6,717,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$817,600
Avg. Annual Appreciation
2.22%

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 3, 2018
Sold by
Bahat Omri and Reck Tara Jayne
Bought by
Bahat Omri
Seller's Agent
Sam Chapin
Engel & Voelkers Mercer Island
Buyer's Agent
Renee McGahan
COMPASS
List Price
$5,495,000
Sold Price
$4,800,000
Premium/Discount to List
-$695,000
-12.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$2,000,001
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 1, 2018
Sold by
Otter John S and Otter Molly G
Bought by
Bahat Omri
Seller's Agent
Sam Chapin
Engel & Voelkers Mercer Island
Buyer's Agent
Renee McGahan
COMPASS
List Price
$5,495,000
Sold Price
$4,800,000
Premium/Discount to List
-$695,000
-12.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,001
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2014
Sold by
Otter John S and Otter Molly G
Bought by
John & Molly Otter Family Living Trust and Otter Molly G

Purchase Details

Listed on
Nov 27, 2012
Closed on
Jan 24, 2013
Sold by
Towe Gail V
Bought by
Otter John S and Otter Molly G
Seller's Agent
Stephanie St. Mary
Windermere Real Estate/East
Buyer's Agent
Patricia Wallace
Coldwell Banker Bain
List Price
$2,170,000
Sold Price
$2,170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$1,536,500
Interest Rate
3.33%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Homes in Mercer Island, WA

  • 4802 E Mercer Way, Mercer Island, WA 98040

    $6,500,000

    • 4 Beds
    • 4.5 Baths
    • 4,450 Sq Ft
    • 4802 E Mercer Way
    • Mercer Island, WA

    Introducing an exceptional waterfront residence with breathtaking views of Mount Rainier, perfectly framed by meticulously landscaped grounds. This remarkable home spans 4,450 square feet, offering four generously-sized bedrooms and four and a half bathrooms. The expansive open-concept kitchen seamlessly flows into a welcoming family room, ideal for both relaxation and entertaining. Boasting 100

    Chengliang Wang Kelly Right RE of Seattle LLC

    Section Image
  • 7254 N Mercer Way, Mercer Island, WA 98040

    $7,250,000

    • 5 Beds
    • 5.5 Baths
    • 5,100 Sq Ft
    • 7254 N Mercer Way
    • Mercer Island, WA

    A spotless and stunning new-construction home. Sited on the conveniently located north end with easy access to downtown Mercer Island, I-90, Bellevue and Seattle. Captivating lake and city views! Live exceptionally in this perfectly crafted masterpiece, featuring a great room concept with dramatic views which opens to an expansive deck with built-in barbeque and cooking station, two designer

    Patrick Moore Windermere Real Estate/East

    Section Image

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
Bengston Robert A $5,900,000 Chicago Title Company Of Wa
Bahat Omri -- Fidelity National Title
Bahat Omri $4,800,000 Fidelity National Title
John & Molly Otter Family Living Trust -- None Available
Otter John S $2,170,000 Rainier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bahat Omri $1,980,000
Previous Owner Bahat Omri $2,000,001
Previous Owner Otter John S $550,000
Previous Owner Otter John S $1,536,500
Previous Owner Tower Richard A $1,309,000
Previous Owner Tower Richard $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $5,900,000 0.0% $1,382 / Sq Ft
06/18/2021 06/18/21 For Sale $5,900,000 +22.9% $1,382 / Sq Ft
08/06/2018 08/06/18 Sold $4,800,000 -12.6% $1,124 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $5,495,000 +153.2% $1,287 / Sq Ft
01/30/2013 01/30/13 Sold $2,170,000 0.0% $770 / Sq Ft
12/06/2012 12/06/12 Pending -- -- --
11/27/2012 11/27/12 For Sale $2,170,000 -- $770 / 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 $43,143 $6,590,000 $2,884,000 $3,706,000
2023 $42,438 $6,189,000 $2,721,000 $3,468,000
2022 $38,084 $6,921,000 $3,061,000 $3,860,000
2021 $36,555 $5,173,000 $2,520,000 $2,653,000
2020 $36,911 $4,568,000 $2,400,000 $2,168,000
2018 $46,315 $5,533,000 $2,243,000 $3,290,000
2017 $40,429 $5,340,000 $2,157,000 $3,183,000
2016 $42,604 $4,969,000 $1,972,000 $2,997,000
2015 $16,866 $5,099,000 $1,785,000 $3,314,000
2014 -- $1,928,000 $1,650,000 $278,000
2013 -- $1,665,000 $1,486,000 $179,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1794679

Northwest Multiple Listing Service (NWMLS)

APN: 004610-0052