NOT LISTED FOR SALE

4495 E Mercer Way Mercer Island, WA 98040

East Mercer Neighborhood

Estimated Value: $3,899,000 - $4,920,000

6 Beds
6 Baths
6,600 Sq Ft
$660/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $2,379,000 $360 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $25,074/month

26 Days on Market

Highlights

  • Deck
  • Secluded Lot
  • Wood Flooring
  • Island Park Elementary School Rated A
  • Wooded Lot
  • 4 Fireplaces

About This Home

As of March 2018

Private gated estate with amazing spaces for formal and informal entertaining. Main level features guest suite, home office, chef's kitchen and large family room. Upper level master suite with fireplace, huge closets and spa bathroom with 3 additional bedrooms with adjoining baths. Lower level complete with very cool media room, another guest suite plus storage. Elevator to all levels, wine cellar, two laundry rooms, central vac, patios and wrap around decks combine to make this a fun retreat!

Last Agent to Sell the Property

Robert Potashnick

Ewing & Clark, Inc. License #1925 Listed on: 12/19/2017

Co-Listed By

Jane Potashnick

Coldwell Banker Bain License #38566

Last Buyer's Agent

Meredith Erickson

eXp Realty License #4392

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1226485

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,833

Year Built

  • Built in 2001

Lot Details

  • Gated Home
  • Secluded Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned R15

Parking

  • Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stucco
  • Stone

Interior Spaces

  • 4 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 9845500040

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,833

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wine Cellar, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, French Doors, Jetted Tub, Security System, Skylights, Walk In Pantry, Walk-In Closet
  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 6.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 1
  • Bathrooms: 5.50
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 5
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 4
  • Fireplaces Main: 3
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 6600
  • Square Footage Finished: 6600

Exterior Features

  • Exterior: Stone, Stucco, Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Garage-Attached
  • 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: Basement
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island

Schools

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

Lot Info

  • Lot Details: Paved Street, Secluded
  • Lot Dimensions: 126760
  • Lot Sq Ft: 126760
  • Lot Topography Vegetation: Level, Partial Slope, Sloped, Wooded
  • Parcel Number: 9845500040
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Level, Partial Slope, Sloped, Wooded

Tax Info

  • Tax Amount: 21914

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2022
Sold by
Patel Kunal Chittaranjan and Patel Nayana Singh
Bought by
Kunal And Nayana Patel Trust
Current Estimated Value
$4,354,783

Purchase Details

Listed on
Dec 19, 2017
Closed on
Feb 20, 2018
Sold by
Terry Jason
Bought by
Patel Kunal C and Patel Nayana S
Seller's Agent
Robert Potashnick
Ewing & Clark, Inc.
Buyer's Agent
Meredith Erickson
eXp Realty
List Price
$2,379,000
Sold Price
$2,379,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$1,427,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 17, 2004
Sold by
Terry Johnyika
Bought by
Terry Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,888,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2004
Sold by
Youssefieh Joseph E and Youssefieh Belinda D
Bought by
Terry Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,888,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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

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
Kunal And Nayana Patel Trust -- --
Patel Kunal C $2,379,000 Rainier Title Llc
Terry Jason -- Stewart Title
Terry Jason $2,360,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Kunal C $1,427,000
Previous Owner Terry Jason $1,888,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Sold $2,379,000 0.0% $360 / Sq Ft
01/15/2018 01/15/18 Pending -- -- --
12/19/2017 12/19/17 For Sale $2,379,000 -- $360 / 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 $23,833 $3,639,000 $1,637,000 $2,002,000
2023 $23,982 $3,483,000 $1,545,000 $1,938,000
2022 $21,440 $3,895,000 $1,739,000 $2,156,000
2021 $21,063 $2,911,000 $1,432,000 $1,479,000
2020 $19,199 $2,631,000 $1,364,000 $1,267,000
2018 $26,988 $2,379,000 $1,531,000 $848,000
2017 $23,560 $3,111,000 $1,385,000 $1,726,000
2016 $21,914 $2,895,000 $1,266,000 $1,629,000
2015 $21,114 $2,622,000 $1,146,000 $1,476,000
2014 -- $2,414,000 $1,060,000 $1,354,000
2013 -- $2,120,000 $898,000 $1,222,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robert Potashnick

    Ewing & Clark, Inc.

    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Jane Potashnick

    Coldwell Banker Bain

    (206) 953-8672

    9 Total Sales

    Jane Potashnick
    Section Image
  • Meredith Erickson

    Buyer's Agent in 2018

    Meredith Erickson

    eXp Realty

    (206) 999-8832

    20 Total Sales

    Meredith Erickson
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1226485

Northwest Multiple Listing Service (NWMLS)

APN: 984550-0040

Washington King County Mercer Island 98040 East Mercer

4495 E Mercer Way, Mercer Island, WA

This home is located at 4495 E Mercer Way, Mercer Island, WA 98040 since 19 December 2017 and is currently estimated at $4,354,783, approximately $659 per square foot. This property was built in 2001. 4495 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

Nearby Homes