Seller's Agent in 2019
Katie Penny Shea
Coldwell Banker Bain
(206) 755-5051
2 in this area
63 Total Sales
4811 Forest Ave SE Mercer Island, WA 98040
Forest Avenue NeighborhoodEstimated Value: $3,888,000 - $5,237,000
3
Beds
1
Bath
3,229
Sq Ft
$1,395/Sq Ft
Est. Value
Highlights
- Low Bank Waterfront Property
- Docks
- Fruit Trees
- Island Park Elementary School Rated A
- Lake View
- Deck
About This Home
As of November 2019Westside, mid-island, waterfront lot (22,230 sq') w/panoramic views of Seward Park, the Olympic Mtns & topped off w/the Seattle skyline. This prime location features 60' of waterfront w/covered dock. Build a dream home or put your personal imprint on the existing 3,229 sq' 3BR home w/great room living, main lvl master & lower lvl rec rm. It's a vacation to be home on popular Forest Ave where nature entertains without effort & sunsets speak for themselves. Don't miss this incredible opportunity!
Last Agent to Sell the Property
Coldwell Banker Bain License #89745 Listed on: 08/28/2019
Co-Listed By
Molly Penny
Coldwell Banker Bain License #38547
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1511998
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,013
Year Built
- Built in 1951
Lot Details
- Low Bank Waterfront Property
- Sloped Lot
- Sprinkler System
- Fruit Trees
Parking
- Attached Garage
Property Views
- Lake
- City
- Mountain
Home Design
- Brick Exterior Construction
- Composition Roof
- Wood Siding
Interior Spaces
- 1 Bathroom
- 2 Fireplaces
- Finished Basement
- Natural lighting in basement
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
- Vinyl
Laundry
- Dryer
- Washer
Outdoor Features
- Docks
- Deck
Utilities
- The lake is a source of water for the property
- High Speed Internet
- Cable TV Available
Community Details
- Westside Community
Listing and Financial Details
- Assessor Parcel Number 2577300012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2019
Closed on
Nov 18, 2019
Sold by
Mandelkom Theodore D and Mandelkom Maryann H
Bought by
Kang Teresa Kim and Kang Michael Christopher
Seller's Agent
Katie Penny Shea
Coldwell Banker Bain
Buyer's Agent
Marc Holmes
WaLaw Realty LLC
List Price
$3,300,000
Sold Price
$3,180,000
Premium/Discount to List
-$120,000
-3.64%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,323,821
Avg. Annual Appreciation
6.61%
Original Mortgage
$2,494,130
Interest Rate
2.87%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kang Teresa Kim | $3,180,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kang Teresa Kim | $2,494,130 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/22/2019 11/22/19 | Sold | $3,180,000 | -3.6% | $985 / Sq Ft |
| 10/23/2019 10/23/19 | Pending | -- | -- | -- |
| 08/28/2019 08/28/19 | For Sale | $3,300,000 | -- | $1,022 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $27,013 | $4,125,000 | $3,299,000 | $826,000 |
| 2023 | $26,671 | $3,874,000 | $3,113,000 | $761,000 |
| 2022 | $23,852 | $4,333,000 | $3,502,000 | $831,000 |
| 2021 | $22,893 | $3,239,000 | $2,883,000 | $356,000 |
| 2020 | $21,850 | $2,860,000 | $2,746,000 | $114,000 |
| 2018 | $22,678 | $2,708,000 | $2,558,000 | $150,000 |
| 2017 | $19,151 | $2,614,000 | $2,460,000 | $154,000 |
| 2016 | $17,813 | $2,353,000 | $2,249,000 | $104,000 |
| 2015 | $17,163 | $2,131,000 | $2,036,000 | $95,000 |
| 2014 | -- | $1,962,000 | $1,882,000 | $80,000 |
| 2013 | -- | $2,081,000 | $2,051,000 | $30,000 |
Source: Public Records
Agents Affiliated with this Home
-
Katie Penny Shea
-
M
Seller Co-Listing Agent in 2019
Molly Penny
Coldwell Banker Bain
-
Marc Holmes
M
Buyer's Agent in 2019
Marc Holmes
WaLaw Realty LLC
(206) 357-4224
57 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1511998
APN: 257730-0012
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Based on information submitted to the MLS GRID
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