NOT LISTED FOR SALE

Estimated Value: $3,444,534 - $4,120,000

4 Beds
1 Bath
4,850 Sq Ft
$796/Sq Ft Est. Value

Last Sold May 16, 2017

Last sale price $2,300,000 $474 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $23,013/month

31 Days on Market

Highlights

  • Lake View
  • Craftsman Architecture
  • Deck
  • Island Park Elementary School Rated A
  • Fruit Trees
  • Wood Flooring

About This Home

As of May 2017

Rare opportunity to own custom home on MI's desirable Forest Ave neighborhood.Panoramic western views of Lake WA, Downtown SEA, Seward Pk, & the Olympic Mts.One lot back from the lake.Few minutes to downtown MI, schools, parks and I-90.Perfect vantage pt to watch the Blue Angels/Seafair in the summer.Top of the line throughout w gourmet kitchen.4 bedrms, 4 bathrms plus den/crafts rm or possibly another bedroom, family rm, recreation rm, plus library area..Wine cellar.Grassy flat fenced backyard.

Last Agent to Sell the Property

Debbie Constantine

John L. Scott, Inc. License #49934 Listed on: 02/14/2017

John L. Scott, Inc.

Co-Listed By

Jacob Bowles

Windermere Real Estate/East License #112200

Last Buyer's Agent

Deena Loveland

PRO RLTYSRVCS Eastside License #21432

PRO RLTYSRVCS Eastside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1069731

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,390

Year Built

  • Built in 2002

Lot Details

  • Street terminates at a dead end
  • Partially Fenced Property
  • Terraced Lot
  • Sprinkler System
  • Fruit Trees
  • Garden

Parking

  • Detached Garage

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Natural lighting in basement

Kitchen

  • <<doubleOvenToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Westside Community

Listing and Financial Details

  • Assessor Parcel Number 4045000035

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,390

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Craftsman
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2002
  • 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, High Tech Cabling, Security System, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Bathrooms: 3.25
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Daylight
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4850
  • Square Footage Finished: 4850

Exterior Features

  • Exterior: Stucco, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: City, Lake, Mountain, Territorial

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Central A/C, Forced Air, 90%+ High Efficiency
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Lower level room-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Westside
  • Project: Lake Isle Add

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Number: 7 & 8
  • Lot Details: Dead End Street, Paved Street
  • Lot Dimensions: 10475
  • Lot Sq Ft: 10475
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Partial Slope, Terraces
  • Parcel Number: 4045000035
  • Zoning Jurisdiction: County
  • Lot Topography: Fruit Trees, Garden Space, Partial Slope, Terraces

Tax Info

  • Tax Amount: 17000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2017
Closed on
May 11, 2017
Sold by
Picardo Paul E and Picardo Beth M
Bought by
Shah Bankim P and Shah Nina B
Seller's Agent
Debbie Constantine
John L. Scott, Inc.
Buyer's Agent
Deena Loveland
PRO RLTYSRVCS Eastside
List Price
$2,468,000
Sold Price
$2,300,000
Premium/Discount to List
-$168,000
-6.81%
Current Estimated Value
$3,859,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,559,134
Avg. Annual Appreciation
6.54%
Original Mortgage
$60,000
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 19, 2000
Sold by
Owen John and Balich Susan
Bought by
Picardo Paul E and Picardo Beth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
8%

Purchase Details

Closed on
Jun 18, 1998
Sold by
Dollarhyde Gregory G and Dollarhyde Jackie O
Bought by
Owen John and Balich Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,500
Interest Rate
7.17%

Purchase Details

Closed on
Jun 4, 1996
Sold by
Smith S Hilton and Turnbow Shirley A
Bought by
Dollarhyde Gregory G and Dollarhyde Jackie O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,800
Interest Rate
7.62%
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 Buyer Sale Price Title Company
Shah Bankim P $2,300,000 Chicago Title
Picardo Paul E $830,000 Transnation Title Insurance
Owen John $659,500 Washington Title Company
Dollarhyde Gregory G $562,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Bankim P $350,000
Open Shah Bankim P $1,424,000
Closed Shah Bankim P $60,000
Closed Shah Bankim P $1,541,000
Previous Owner Picardo Paul E $650,000
Previous Owner Owen John $593,500
Previous Owner Dollarhyde Gregory G $505,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2017 05/16/17 Sold $2,300,000 -2.1% $474 / Sq Ft
03/18/2017 03/18/17 Pending -- -- --
03/10/2017 03/10/17 Price Changed $2,350,000 -4.8% $485 / Sq Ft
02/14/2017 02/14/17 For Sale $2,468,000 -- $509 / 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 $20,390 $3,113,000 $1,639,000 $1,474,000
2023 $20,135 $2,924,000 $1,547,000 $1,377,000
2022 $18,002 $3,270,000 $1,741,000 $1,529,000
2021 $17,278 $2,444,000 $1,433,000 $1,011,000
2020 $19,585 $2,158,000 $1,365,000 $793,000
2018 $19,002 $2,427,000 $1,187,000 $1,240,000
2017 $16,589 $2,190,000 $1,074,000 $1,116,000
2016 $15,432 $2,038,000 $982,000 $1,056,000
2015 $14,873 $1,846,000 $889,000 $957,000
2014 -- $1,700,000 $822,000 $878,000
2013 -- $1,737,000 $925,000 $812,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1069731

Northwest Multiple Listing Service (NWMLS)

APN: 404500-0035