NOT LISTED FOR SALE

Estimated Value: $4,208,000 - $4,444,000

5 Beds
5.5 Baths
4,680 Sq Ft
$921/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $4,150,000 $887 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $25,939/month

72 Days on Market

Highlights

  • Second Kitchen
  • Wine Cellar
  • Deck
  • Island Park Elementary School Rated A
  • Lake View
  • Wood Burning Stove

About This Home

As of January 2024

One of a Kind…This iconic Mercer Island estate offers breathtaking East facing Lake Washington vistas and seamlessly blends the charm from its original 1934 construction with modern amenities and exceptional custom updates. The historic main house offers a dramatic primary suite that spans the entire top floor, convenient main floor guest suite plus 2 additional bedrooms in the daylight basement. The storybook 1/2 acre+ grounds feature a tranquil creek with footbridge, generous lawn space, gardens and meandering pathways to appreciate this private setting. The detached carriage house also enjoys the same jaw dropping views and includes a full kitchen plus 3/4 bath-a perfect space for out of town guests, work from home or live-in au pair.

Last Agent to Sell the Property

David Eastern

Windermere Real Estate/East License #27365 Listed on: 09/22/2023

Windermere Real Estate/East

Last Buyer's Agent

Erin Elliott

Keller Williams Seattle Metro License #27194

Keller Williams Seattle Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2164655

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,838

Year Built

  • Built in 1934

Lot Details

  • 0.52 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • 4 Car Detached Garage
  • Attached Carport
  • Driveway

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

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

Interior Spaces

  • 4,680 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • 3 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Wine Cellar
  • Dining Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Second Kitchen
  • Walk-In Pantry
  • Double Oven
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Travertine

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Additional Homes

  • 1 SF Accessory Dwelling Unit
  • ADU includes 1 Bedroom and 1 Bathroom

Location

  • Property is near public transit

Schools

  • Island Park Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Smart Home Wiring
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mercer Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0046100504

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,838

Year Built

Built in 1934

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1934
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Mercer Island
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 4681
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • AccessoryDwellingUnit: DetachedDwelling
  • DetachedDwellingSqFtFinished: 1
  • Special Features: None
  • Cumulative Days on Market: 601

Interior Features

  • Fireplaces: 3
  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Travertine, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet, Second Kitchen, Bath Off Primary, Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Security System, Skylight(s), SMART Wired, Vaulted Ceiling(s), Walk-In Pantry, Wine Cellar, Fireplace, Water Heater
  • Living Area: 4680
  • Main Level Bedrooms: 2
  • Bathrooms: 4.75
  • BathsFullMain: 1
  • FireplacesMain: 2
  • SquareFootageFinished: 4680
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 2
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Refrigerator,Stove/Range,Washer
  • FireplacesLower: 1
  • ADUBaths: 1
  • ADUBeds: 1
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 5

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Alley, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stone, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: Yes
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Carport, Driveway, Detached Garage
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump, Stove/Free Standing, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Lower Level (2)
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 0046100504
  • Topography: Level,PartialSlope,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.5234
  • Lot Size Sq Ft: 22798
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio,Sprinkler System
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR

Green Features

  • Power Production Type: Electric, Natural Gas

Tax Info

  • Year: 2023
  • Tax Annual Amount: 22838

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Island Park Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Dec 22, 2023
Sold by
Warburg Paul and Warburg Shannon
Bought by
Stern Ryan E and Goodwin Jamie M
Seller's Agent
David Eastern
Windermere Real Estate/East
Buyer's Agent
Erin Elliott
Keller Williams Seattle Metro
List Price
$4,388,000
Sold Price
$4,150,000
Premium/Discount to List
-$238,000
-5.42%
Views
141
Current Estimated Value
$4,308,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,959
Avg. Annual Appreciation
2.64%
Original Mortgage
$1,500,000
Outstanding Balance
$1,477,855
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$2,831,104

Purchase Details

Listed on
May 7, 2014
Closed on
Jun 17, 2014
Sold by
Meservey Donald L and Dereli Suzan
Bought by
Warburg Paul and Warburg Shannon
Seller's Agent
Wendy Lister
Coldwell Banker Bain
Buyer's Agent
David Eastern
Windermere Real Estate/East
List Price
$2,188,000
Sold Price
$2,027,000
Premium/Discount to List
-$161,000
-7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$150,000
Interest Rate
4.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 30, 2012
Sold by
Meservey Donald L
Bought by
Meservey Donald L and Derreli Suzan

Purchase Details

Closed on
Oct 6, 2009
Sold by
Meservey Donald L and Meservey Suzan M Dereli
Bought by
Meservey Donald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 2, 2002
Sold by
Meine Deanna Dahl
Bought by
Meservey Donald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,750
Interest Rate
5.25%

Purchase Details

Closed on
Feb 27, 1987
Sold by
Barnes Stanton J and Barnes Ernesta B
Bought by
Meine Frederick G and Meine Deanna D
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 Buyer Sale Price Title Company
Stern Ryan E $4,150,000 Cw Title
Warburg Paul $2,027,000 Chicago Title
Meservey Donald L -- None Available
Meservey Donald L -- Lsi Title Agency
Meservey Donald L $1,065,000 Lawyers Title
Meine Frederick G $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stern Ryan E $1,500,000
Previous Owner Warburg Paul $840,000
Previous Owner Warburg Paul $948,000
Previous Owner Warburg Paul $200,000
Previous Owner Warburg Paul $150,000
Previous Owner Warburg Paul $930,000
Previous Owner Meservey Donald L $210,000
Previous Owner Meservey Donald L $250,000
Previous Owner Meservey Donald L $417,000
Previous Owner Meservey Donald L $250,000
Previous Owner Meservey Donald L $250,000
Previous Owner Meservey Donald L $650,000
Previous Owner Meservey Donald L $113,000
Previous Owner Meservey Donald L $798,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $4,150,000 -5.4% $887 / Sq Ft
12/03/2023 12/03/23 Pending -- -- --
09/22/2023 09/22/23 For Sale $4,388,000 +116.5% $938 / Sq Ft
06/20/2014 06/20/14 Sold $2,027,000 -7.4% $433 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $2,188,000 -- $467 / 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 $23,217 $3,545,000 $1,794,000 $1,751,000
2023 $22,922 $3,329,000 $1,693,000 $1,636,000
2022 $19,974 $3,723,000 $1,905,000 $1,818,000
2021 $19,174 $2,712,000 $1,568,000 $1,144,000
2020 $18,772 $2,395,000 $1,494,000 $901,000
2018 $18,421 $2,326,000 $1,285,000 $1,041,000
2017 $15,816 $2,123,000 $1,162,000 $961,000
2016 $14,714 $1,943,000 $1,063,000 $880,000
2015 $14,235 $1,760,000 $962,000 $798,000
2014 -- $1,627,000 $890,000 $737,000
2013 -- $1,143,000 $775,000 $368,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2164655

Northwest Multiple Listing Service (NWMLS)

APN: 004610-0504