Listed by Windermere Mercer Island, Bought with Coldwell Banker Bain
$817,000
SOLD JUN 13, 2013

4809 88th Ave SE Mercer Island, WA 98040

Forest Avenue Neighborhood
3 Beds
2 Baths
1,950 Sq Ft
0.25 Acres

Recently Sold

$419 Per Sq Ft

5 Days on Market

About This Home

As of July 2015

Marvelous privacy and bright western exposure define this sophisticated rambler in a spacious mid-island setting. Enjoy one level living (not a single stair) at it's best with sleek new flooring flowing between airy living spaces. French doors lead from the garden view living room out to a sun-washed deck and large level back yard. Treat the chef to a beautifully updated kitchen with ample counter and cabinet space. Top rated Mercer Island schools and a close in location.

Last Agent to Sell the Property

Doug McKiernan

Windermere Mercer Island License #19821 Listed on: 05/01/2013

Windermere Mercer Island

Last Buyer's Agent

Peo Gudmundsson

Coldwell Banker Bain License #112023

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM480277

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$12,106

Year Built

1961

Lot Details

0

Listing Details

  • Condition: Good
  • Special Features: None
  • Year Built: 1961

Interior Features

  • Features: Bath Off Master, Disabled Access, French Doors
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Water Heater Location: Garage-Gas

Exterior Features

  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Lot Details: Corner Lot, Dead End Street, Paved Street
  • Roof: Cedar Shake
  • Site Features: Cable TV, Deck, Disabled Access, Natural Gas Available, High Speed Internet
  • View: Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2015
Closed on
Jul 9, 2015
Sold by
Brown Alan J
Bought by
Lawrence Richard D and Lawrence Suzanne C
Seller's Agent
Peo Gudmundsson
Coldwell Banker Bain
Buyer's Agent
Tere Foster
COMPASS
List Price
$1,195,000
Sold Price
$1,225,000
Premium/Discount to List
$30,000
2.51%
Current Estimated Value
$2,273,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,048,076
Avg. Annual Appreciation
6.35%
Original Mortgage
$417,000
Interest Rate
3.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2013
Closed on
Jun 10, 2013
Sold by
Catlin Michael and Catlin Lysa M
Bought by
Brown Alan J
Seller's Agent
Doug McKiernan
Windermere Mercer Island
Buyer's Agent
Peo Gudmundsson
Coldwell Banker Bain
List Price
$817,000
Sold Price
$817,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.39%
Original Mortgage
$636,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 25, 2013
Sold by
Catlin Lysa M
Bought by
Catlin Lysa M and Catlin Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,437
Interest Rate
3.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 12, 2011
Sold by
Catlin Michael E
Bought by
Catlin Lysa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,100
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2011
Sold by
Baker Gerald E
Bought by
Catlin Lysa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,100
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 1992
Sold by
Richards Solveig M
Bought by
Baker Gerald E
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 Type Sale Price Title Company
Warranty Deed $1,225,000 Rainier Title
Warranty Deed $817,000 Fidelity Natio
Interfamily Deed Transfer -- First American
Interfamily Deed Transfer -- Ticor National
Warranty Deed $629,000 Ticor National
Warranty Deed $230,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $295,000 New Conventional
Closed $417,000 New Conventional
Previous Owner $762,000 Adjustable Rate Mortgage/ARM
Previous Owner $755,500 Adjustable Rate Mortgage/ARM
Previous Owner $636,000 Adjustable Rate Mortgage/ARM
Previous Owner $62,437 Credit Line Revolving
Previous Owner $500,000 New Conventional
Previous Owner $566,100 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2015 07/16/15 Sold $1,225,000 +2.5% $492 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $1,195,000 +46.3% $480 / Sq Ft
06/13/2013 06/13/13 Sold $817,000 0.0% $419 / Sq Ft
05/06/2013 05/06/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $817,000 -- $419 / 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 $12,106 $1,847,000 $1,135,000 $712,000
2023 $11,915 $1,735,000 $1,071,000 $664,000
2022 $10,423 $1,941,000 $1,205,000 $736,000
2021 $10,008 $1,414,000 $992,000 $422,000
2020 $9,868 $1,249,000 $945,000 $304,000
2018 $9,577 $1,222,000 $794,000 $428,000
2017 $7,728 $1,103,000 $718,000 $385,000
2016 $7,159 $993,000 $657,000 $336,000
2015 $6,114 $900,000 $595,000 $305,000
2014 -- $698,000 $550,000 $148,000
2013 -- $663,000 $515,000 $148,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Peo Gudmundsson

    Coldwell Banker Bain

    (206) 683-0405

    10 Total Sales

    Peo Gudmundsson
    Section Image
  • Tere Foster

    Buyer's Agent in 2015

    Tere Foster

    COMPASS

    (425) 637-8373

    3 in this area

    409 Total Sales

    Tere Foster
    Section Image
  • Doug McKiernan

    Seller's Agent in 2013

    Doug McKiernan

    Windermere Corporate

    (206) 369-3949

    2 in this area

    49 Total Sales

    Doug McKiernan
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM480277

Northwest Multiple Listing Service (NWMLS)

APN: 546350-0060

Washington King County Mercer Island 98040 Forest Avenue

4809 88th Ave SE, Mercer Island, WA

This home is located at 4809 88th Ave SE, Mercer Island, WA 98040 and is currently priced at $817,000, approximately $418 per square foot. This property was built in 1961. 4809 88th Ave SE is a home located in King County with nearby schools including Island Park Elementary School, Islander Middle School, and Mercer Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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