Listed by COMPASS, Bought with Windermere Real Estate/East
$5,900,000
SOLD JUN 18, 2021
5 Beds
1 Bath
4,270 Sq Ft
0.51 Acres

Recently Sold

$1,382 Per Sq Ft

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 and is currently priced at $5,900,000, approximately $1,381 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 Agent to Sell the Property

Renee McGahan

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

COMPASS

Co-Listed By

Zachary Lazo

COMPASS License #25114

Last Buyer's Agent

Todd Rauch

Windermere Real Estate/East License #20112693

Windermere Real Estate/East

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
Current Estimated Value
$7,115,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,215,149
Avg. Annual Appreciation
3.40%

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
9.53%
Original Mortgage
$1,536,500
Interest Rate
3.33%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $5,900,000 Chicago Title Company Of Wa
Interfamily Deed Transfer -- Fidelity National Title
Warranty Deed $4,800,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Warranty Deed $2,170,000 Rainier Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,980,000 New Conventional
Previous Owner $2,000,001 New Conventional
Previous Owner $550,000 Credit Line Revolving
Previous Owner $1,536,500 New Conventional
Previous Owner $1,309,000 Credit Line Revolving
Previous Owner $500,000 Credit Line Revolving
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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1794679

Northwest Multiple Listing Service (NWMLS)

APN: 004610-0052