Listed by Coldwell Banker Bain, Bought with COMPASS
$5,735,000
SOLD MAY 21, 2024
4 Beds
2.5 Baths
3,880 Sq Ft
0.32 Acres

Recently Sold

$1,478 Per Sq Ft

4% Above List Price

Highlights

  • 75 Feet of Waterfront
  • Docks
  • Lake View
  • Island Park Elementary School Rated A
  • Rooftop Deck
  • Contemporary Architecture

About This Home

As of May 2024

Experience the ultimate in lakefront living in this one-of-a-kind Mercer Island retreat. This exceptional waterfront property features 75' of shorefront, large rolling lawn, sandy beach, brand new custom dock & unobstructed lake & Mt Rainier views. The light-filled, custom-designed floorplan flows seamlessly from kitchen to dining to living. A large hardwood deck blends indoor & outdoor spaces, making it ideal for everyday living & grand gatherings. A well-appointed chef’s kitchen features a large island, double oven, two dishwashers & plenty of seating for all. The two large view decks are perfect for relaxing, entertaining & taking in the views. Best of all, it’s located moments from top-rated Mercer Island schools, restaurants & parks.

Last Agent to Sell the Property

Paula Holtzclaw

Coldwell Banker Bain License #85988 Listed on: 05/07/2024

Coldwell Banker Bain

Last Buyer's Agent

Jennifer Flood

COMPASS License #141000

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2231506

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,096

Year Built

  • Built in 1956

Lot Details

  • 0.32 Acre Lot
  • 75 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • East Facing Home
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Property is in very good condition

Parking

  • 2 Car Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Bitumen Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,880 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • 2 Fireplaces
  • Gas Fireplace
  • Dining Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Docks
  • Rooftop Deck
  • Patio

Utilities

  • High Efficiency Air Conditioning
  • Forced Air Heating and Cooling System
  • High Efficiency Heating System
  • Generator Hookup
  • Water Heater
  • High Speed Internet
  • High Tech Cabling

Community Details

  • No Home Owners Association
  • Ferncroft Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1824059082

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,096

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1956
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,DoubleOven,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3880
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 2
  • Basement: Daylight, Finished
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Dining Room, High Tech Cabling, Security System, Wet Bar, Wired for Generator, Fireplace, Water Heater
  • Living Area: 3880
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 3880
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Metal, Torch Down
  • View: Lake, Mountain(s)
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront Features: Lake, No Bank
  • Waterfront: Yes
  • Direction Faces: East
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • WaterfrontFootage: 75'
  • WaterAccess: Deeded Access

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Available
  • Water Source: Public
  • Security: SecuritySystem
  • Cooling: 90%+ High Efficiency, Central A/C
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Mercer Island
  • WaterCompany: City Of Mercer Island
  • WaterHeaterLocation: Utility Room - Lower Level
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Mercer Island

Lot Info

  • Parcel Number: 1824059082
  • Topography: Rolling
  • Land Lease: No
  • Lot Size Acres: 0.3215
  • Lot Size Sq Ft: 14003
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Dock,Gas Available,High Speed Internet,Irrigation,Moorage,Patio,Rooftop Deck,Sprinkler System
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: KCR
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 28096

Multi Family

  • EnergySource: Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
May 20, 2024
Sold by
Jason D And Erin L Gurney Family Trust and Gurney Jason D
Bought by
Li-Dipasquo Family Revocable Trust and Li
Seller's Agent
Paula Holtzclaw
Coldwell Banker Bain
Buyer's Agent
Jennifer Flood
COMPASS
List Price
$5,495,000
Sold Price
$5,735,000
Premium/Discount to List
$240,000
4.37%
Views
7
Current Estimated Value
$5,252,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$482,530
Avg. Annual Appreciation
-5.35%

Purchase Details

Closed on
Jan 23, 2017
Sold by
Gurney Jason and Gurney Erin
Bought by
The Jason D & Erin L Gurney Family Trust and Gurney Jason D

Purchase Details

Listed on
Jul 12, 2013
Closed on
Oct 3, 2013
Sold by
Glidden Peter D and Osborn Julie
Bought by
Gurney Jason and Gurney Erin
Seller's Agent
Joan Bayley
Windermere Real Estate/East
Buyer's Agent
Jay Agoado
Realogics Sotheby's Int'l Rlty
List Price
$2,239,000
Sold Price
$2,239,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$1,791,200
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 7, 2005
Sold by
Zamora Ivan
Bought by
Glidden Peter D and Osborn Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 6, 2001
Sold by
Rogers Bonnie L and Zamora Bonnie L
Bought by
Zamora Ivan A

Purchase Details

Closed on
Dec 16, 1993
Sold by
Zamora Bonnie L
Bought by
Zamora Ivan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,700
Interest Rate
7.09%
Source: Public Records

Range of Values:

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Average Value
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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 $5,735,000 Rainier Title
Interfamily Deed Transfer -- None Available
Warranty Deed $2,239,000 Fidelity Natio
Warranty Deed $1,850,000 Transnation Ti
Interfamily Deed Transfer -- --
Quit Claim Deed -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,791,200 Adjustable Rate Mortgage/ARM
Previous Owner $1,295,000 Fannie Mae Freddie Mac
Previous Owner $406,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2024 05/21/24 Sold $5,735,000 +4.4% $1,478 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $5,495,000 +145.4% $1,416 / Sq Ft
10/07/2013 10/07/13 Sold $2,239,000 0.0% $577 / Sq Ft
08/28/2013 08/28/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $2,239,000 -- $577 / 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 $28,976 $4,425,000 $2,849,000 $1,576,000
2023 $28,096 $4,096,000 $2,688,000 $1,408,000
2022 $25,214 $4,581,000 $3,024,000 $1,557,000
2021 $24,197 $3,424,000 $2,489,000 $935,000
2020 $24,281 $3,023,000 $2,371,000 $652,000
2018 $26,433 $3,157,000 $2,065,000 $1,092,000
2017 $22,323 $3,047,000 $1,986,000 $1,061,000
2016 $20,761 $2,743,000 $1,816,000 $927,000
2015 $20,004 $2,484,000 $1,644,000 $840,000
2014 -- $2,287,000 $1,520,000 $767,000
2013 -- $2,177,000 $1,483,000 $694,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2231506

Northwest Multiple Listing Service (NWMLS)

APN: 182405-9082