NOT LISTED FOR SALE

Estimated Value: $4,490,000 - $5,834,000

5 Beds
2 Baths
3,660 Sq Ft
$1,428/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $2,988,000 $816 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $31,585/month

93 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Deck
  • Island Park Elementary School Rated A
  • Lake View
  • Wood Flooring

About This Home

As of April 2018

Rare opportunity to build your dream home on this private street-end Forest Avenue location. Coveted 70' of stunning low bank waterfront, this property is accessible from a gently sloping driveway. This Sun drenched 17,684 sf property awaits your personal design! Expansive western views of the lake, Seattle, and Olympics. Rain or shine, the view entertains.  Privacy on both sides, waterfront lives bigger than 70'.  Extensive dock in great shape. A lifetime of happy memories can be yours.

Last Agent to Sell the Property

Dicker Cahill

Real Residential License #111115 Listed on: 04/25/2017

Real Residential

Co-Listed By

Steven Curran

Real Residential License #25594

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1112523

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,601

Year Built

  • Built in 1948

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Terraced Lot
  • Value in Land

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 3 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

  • The lake is a source of water for the property

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 2577300021

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,601

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dining Room, Fireplace In Mstr Br
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Lower Level Bedroom: 1
  • Bathrooms: 2.50
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3660
  • Square Footage Finished: 3660

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Flat
  • View: City, Lake, Mountain
  • Waterfront: Bank-Low

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, Lake

Condo/Co-op/Association

  • Community Name: Mercer Island

Schools

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

Lot Info

  • Lot Details: Dead End Street, Paved Street, Value In Land
  • Lot Sq Ft: 17634
  • Lot Topography Vegetation: Terraces
  • Parcel Number: 2577300021
  • Zoning Jurisdiction: City
  • Lot Topography: Terraces

Tax Info

  • Tax Amount: 22697

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2020
Sold by
Murray Frank Ross
Bought by
Murray Ross and The Ross And Kim H Murray Trus
Current Estimated Value
$5,227,048

Purchase Details

Listed on
Apr 25, 2017
Closed on
Apr 12, 2018
Sold by
Cropp Edith L and Cropp Edith L
Bought by
Murray Frank Ross
Seller's Agent
Dicker Cahill
Real Residential
List Price
$2,988,000
Sold Price
$2,988,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%

Purchase Details

Listed on
Apr 25, 2017
Closed on
Apr 4, 2018
Sold by
Murray Kim Hieu
Bought by
Murray Frank Ross
Seller's Agent
Dicker Cahill
Real Residential
List Price
$2,988,000
Sold Price
$2,988,000
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Murray Ross -- None Available
Murray Frank Ross $2,988,000 Chicago Title
Murray Frank Ross -- Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $2,988,000 0.0% $816 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
07/04/2017 07/04/17 For Sale $2,988,000 0.0% $816 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $2,988,000 -- $816 / 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 $32,601 $4,979,000 $3,906,000 $1,073,000
2023 $32,189 $4,676,000 $3,685,000 $991,000
2022 $28,047 $5,229,000 $4,146,000 $1,083,000
2021 $26,917 $3,809,000 $3,413,000 $396,000
2020 $25,892 $3,363,000 $3,251,000 $112,000
2018 $26,875 $3,209,000 $3,031,000 $178,000
2017 $22,697 $3,098,000 $2,915,000 $183,000
2016 $21,112 $2,789,000 $2,665,000 $124,000
2015 $20,345 $2,526,000 $2,412,000 $114,000
2014 -- $2,326,000 $2,230,000 $96,000
2013 -- $2,447,000 $2,390,000 $57,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1112523

Northwest Multiple Listing Service (NWMLS)

APN: 257730-0021