Listed by Redfin, Bought with North Pacific Properties
$710,000
SOLD JUN 3, 2015
-- Bed
-- Bath
2,350 Sq Ft
0.4 Acres

Recently Sold

$302 Per Sq Ft

5% Below List Price

12 Days on Market

Highlights

  • Waterfront Community
  • Lake View
  • Wood Siding
  • Island Park Elementary School Rated A

About This Home

As of November 2021

This incredible lot is situated in the picturesque Cedar Cove neighborhood on Mercer Island. Nestled by a forest and quiet stream, this lot is only minutes from I-90. While the original 4BR 3BA home was severely damaged by a fire, this lot provides the unique opportunity to build the home of your dreams, on a rare flat Mercer Island building pad. Owners will also partially own shared beachfront for boating, kayaking, bbqs, and soaking up lake views. HOME UNSAFE - DO NOT ENTER OR CROSS BARRIER!

Last Agent to Sell the Property

Loren Ellingson

Redfin License #79682 Listed on: 04/30/2015

Redfin

Last Buyer's Agent

Brandon Kelly

North Pacific Properties License #106245

North Pacific Properties

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM777880

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,317

Year Built

  • Built in 1977

Home Design

  • Poured Concrete
  • Wood Siding

Additional Features

  • Lake Views
  • Value in Land

Listing and Financial Details

  • Assessor Parcel Number 0046100157

Community Details

Overview

  • East Mercer Community

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,317

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Estimated Sq Ft: 2350
  • Square Footage Finished: 2350

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • View: Lake

Utilities

  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: East Mercer
  • Community Features: Community Waterfront/Pvt Beach

Schools

  • School District: MIS

Lot Info

  • Lot Details: Value In Land
  • Lot Sq Ft: 17567
  • Parcel Number: 0046100157

Tax Info

  • Tax Amount: 6107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Norwood Daniel and Norwood Kristin
Bought by
Norwood Family Revocable Trust
Current Estimated Value
$3,448,019

Purchase Details

Listed on
Oct 27, 2021
Closed on
Dec 16, 2021
Sold by
Norwood Daniel and Norwood Kristin
Bought by
Norwood Daniel and Norwood Kristin
Seller's Agent
Stephanie St. Mary
Windermere Real Estate/East
Buyer's Agent
Chris Guzzardo
Windermere R.E. Northeast, Inc
List Price
$2,895,000
Sold Price
$2,895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$2,000,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2021
Closed on
Nov 9, 2021
Sold by
Galbraith Alistair J and Snow Allen J
Bought by
Norwood Daniel and Norwood Kristin
Seller's Agent
Stephanie St. Mary
Windermere Real Estate/East
Buyer's Agent
Chris Guzzardo
Windermere R.E. Northeast, Inc
List Price
$2,895,000
Sold Price
$2,895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2017
Closed on
Feb 28, 2018
Sold by
Kellin Homes Llc and Kelly Brandon J
Bought by
Galbraith Alistair J and Snow Allen J
Seller's Agent
Brandon Kelly
North Pacific Properties
Buyer's Agent
Andrew Jackson
COMPASS
List Price
$2,499,000
Sold Price
$2,275,000
Premium/Discount to List
-$224,000
-8.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$1,820,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2015
Closed on
Jun 2, 2015
Sold by
Mehta Vivek K
Bought by
Kellin Homes Llc
Seller's Agent
Loren Ellingson
Redfin
Buyer's Agent
Brandon Kelly
North Pacific Properties
List Price
$749,000
Sold Price
$710,000
Premium/Discount to List
-$39,000
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.72%
Original Mortgage
$615,570
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2002
Sold by
Petry Bernadette M
Bought by
Mehta Vivek K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,400
Interest Rate
6.25%
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed -- --
Interfamily Deed Transfer -- Wfg Natl Ttl Co Of Wa Llc
Warranty Deed $2,895,000 Cw Title
Warranty Deed $2,275,000 Cw Title
Warranty Deed $710,000 First American
Warranty Deed $483,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 New Conventional
Previous Owner $1,783,594 New Conventional
Previous Owner $1,820,000 New Conventional
Previous Owner $615,570 Purchase Money Mortgage
Previous Owner $615,570 Unknown
Previous Owner $350,000 Future Advance Clause Open End Mortgage
Previous Owner $400,000 Unknown
Previous Owner $386,400 No Value Available
Closed $72,450 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $2,895,000 0.0% $867 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $2,895,000 +27.3% $867 / Sq Ft
03/02/2018 03/02/18 Sold $2,275,000 -4.8% $678 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
11/02/2017 11/02/17 Price Changed $2,389,899 -4.4% $712 / Sq Ft
08/01/2017 08/01/17 For Sale $2,499,000 +252.0% $745 / Sq Ft
06/03/2015 06/03/15 Sold $710,000 -5.2% $302 / Sq Ft
05/27/2015 05/27/15 Pending -- -- --
05/14/2015 05/14/15 For Sale $749,000 -- $319 / 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 $19,317 $2,949,000 $1,332,000 $1,617,000
2023 $19,160 $2,792,000 $1,257,000 $1,535,000
2022 $17,193 $3,123,000 $1,415,000 $1,708,000
2021 $16,894 $2,334,000 $1,165,000 $1,169,000
2020 $18,085 $2,110,000 $1,110,000 $1,000,000
2018 $18,776 $2,241,000 $872,000 $1,369,000
2017 $5,885 $2,164,000 $789,000 $1,375,000
2016 $5,484 $722,000 $722,000 $0
2015 $6,936 $655,000 $654,000 $1,000
2014 -- $792,000 $605,000 $187,000
2013 -- $668,000 $544,000 $124,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM777880

Northwest Multiple Listing Service (NWMLS)

APN: 004610-0157