NOT LISTED FOR SALE

Estimated Value: $4,664,000 - $5,646,040

4 Beds
1 Bath
6,160 Sq Ft
$825/Sq Ft Est. Value

Last Sold April 20, 2015

Last sale price $1,900,000 $308 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $31,000/month

51 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Deck
  • Island Park Elementary School Rated A
  • Lake View
  • Contemporary Architecture

About This Home

As of April 2015

One of the Least Expensive, Privately Owned Waterfronts on Mercer Island! The Lot Alone, Excluding the Home, is Probably Worth the Price! Large Property, Over 3/4 Acre, w/approx. 50' of No-Bank Waterfront, Private Dock & Large Lawn Area down to the lakeside for Fun & Play! Large Contemporary Home w/Dramatic Windows, Sprawling Wrap-Around Deck, Full Upper Level Master Suite, Lower Entertainment Level w/Huge Wine Cellar, Sauna, Wet Bar & More!!! Property needs tlc but well worth the effort.

Last Listed By

Lisa Long

Windermere Real Estate Co. License #29052 Listed on: 01/10/2015

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM730551

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,097

Year Built

  • Built in 1983

Lot Details

  • Low Bank Waterfront Property
  • Level Lot
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 4 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck

Utilities

  • Cable TV Available

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 8699300050

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,097

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Year Built: 1983
  • Special Features: 20
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 1
  • Bathrooms: 3.25
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 4
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Upper
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 6160
  • Square Footage Finished: 6160

Exterior Features

  • Exterior: Wood
  • Roof: Cedar Shake
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 50 feet

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 4

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island
  • Project: Tyron Woods

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: MIS

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 36839
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope
  • Parcel Number: 8699300050
  • Zoning Code: Residential
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 19449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2015
Closed on
Apr 2, 2015
Sold by
Bank Of New York Mellon
Bought by
Su Yanhua
Seller's Agent
Lisa Long
Windermere Real Estate Co.
Buyer's Agent
Shelly Zhou
Coldwell Banker Bain
List Price
$2,125,000
Sold Price
$1,900,000
Premium/Discount to List
-$225,000
-10.59%
Total Days on Market
51
Current Estimated Value
$5,084,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,184,510
Avg. Annual Appreciation
11.17%

Purchase Details

Listed on
Jan 10, 2015
Closed on
Mar 25, 2015
Sold by
Yang Litao and Su Yanhua
Bought by
Su Yanhua
Seller's Agent
Lisa Long
Windermere Real Estate Co.
Buyer's Agent
Shelly Zhou
Coldwell Banker Bain
List Price
$2,125,000
Sold Price
$1,900,000
Premium/Discount to List
-$225,000
-10.59%

Purchase Details

Closed on
Jul 23, 2014
Sold by
West Denmark and Goldsmith West Mona
Bought by
Bank Of New York Mellon

Purchase Details

Closed on
Jun 25, 2012
Sold by
West Denmark V
Bought by
307309 23Rd Llc

Purchase Details

Closed on
Jan 3, 2006
Sold by
Baker Jackson A and Baker Carolyn C
Bought by
Jab Properties Llc

Purchase Details

Closed on
Oct 3, 2005
Sold by
Wells Fargo Bank Na
Bought by
West Denmark and Goldsmith West Mona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,950
Interest Rate
5.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 10, 2005
Sold by
Mcdowell Jason Morris
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 22, 2000
Sold by
Dukich Pamela Ann
Bought by
Mcdowell Jason Morris

Purchase Details

Closed on
Feb 26, 1998
Sold by
Mcdowell Pamela A
Bought by
Mcdowell Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,500
Interest Rate
6.99%

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 Buyer Sale Price Title Company
Su Yanhua $1,900,000 Old Republic T
Su Yanhua -- Old Republic T
Bank Of New York Mellon $1,955,000 Nextitle
307309 23Rd Llc -- None Available
307309 23Rd Llc -- None Available
Jab Properties Llc -- --
West Denmark $2,001,000 First American
Wells Fargo Bank Na $1,396,449 Fidelity Natio
Mcdowell Jason Morris -- Chicago Title Insurance Co
Mcdowell Jason -- Commonwealth Land Title Ins
Mcdowell Jason $844,250 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner West Denmark $500,000
Previous Owner West Denmark $400,000
Previous Owner West Denmark $230,000
Previous Owner West Denmark $2,770,000
Previous Owner West Denmark $500,000
Previous Owner West Denmark $2,030,000
Previous Owner West Denmark $400,950
Previous Owner West Denmark $1,500,000
Previous Owner West Denmark $400,950
Previous Owner Mcdowell Jason $529,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2015 04/20/15 Sold $1,900,000 -4.5% $308 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
02/12/2015 02/12/15 Price Changed $1,990,000 -6.4% $323 / Sq Ft
01/10/2015 01/10/15 For Sale $2,125,000 -- $345 / 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 $32,097 $4,902,000 $2,072,000 $2,830,000
2023 $27,951 $4,060,000 $1,955,000 $2,105,000
2022 $24,993 $4,541,000 $2,200,000 $2,341,000
2021 $23,989 $3,394,000 $1,811,000 $1,583,000
2020 $26,389 $2,997,000 $1,725,000 $1,272,000
2018 $28,731 $3,431,000 $1,738,000 $1,693,000
2017 $24,259 $3,312,000 $1,672,000 $1,640,000
2016 $22,566 $2,981,000 $1,529,000 $1,452,000
2015 -- $2,700,000 $1,384,000 $1,316,000
2014 -- $2,486,000 $1,280,000 $1,206,000
2013 -- $2,129,000 $1,162,000 $967,000
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM730551

Northwest Multiple Listing Service (NWMLS)

APN: 869930-0050