Listed by COMPASS, Bought with Windermere Mercer Island
NOT LISTED FOR SALE

4848 E Mercer Way Mercer Island, WA 98040

Appleton Neighborhood

Estimated Value: $2,034,000 - $2,458,000

3 Beds
2 Baths
2,610 Sq Ft
$866/Sq Ft Est. Value

Last Sold February 27, 2019

Last sale price $1,490,000 $571 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $12,942/month

20 Days on Market

Highlights

  • Lake View
  • Fruit Trees
  • Secluded Lot
  • Island Park Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of February 2019

An outstanding opportunity to own a very special mid century home with unparalleled lake views at this price point. An exceptional high end Kitchen & Great room renovation was completed in 2016. Miele & Bosch appliances w/custom built-in cabinetry. All bathrooms and flex space are original & in need of an updating. Renowned architect Arne Bystrom designed the original remodel of this award winning mid-century lake view home in 1963.The 2016 remodel details are outlined in the supplements.

Last Agent to Sell the Property

Daniel Marinello

COMPASS License #115147 Listed on: 01/07/2019

COMPASS

Last Buyer's Agent

Marianne Parks

Windermere Mercer Island License #20785

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1398183

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,080

Year Built

  • Built in 1953

Lot Details

  • Open Space
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Fruit Trees
  • Wooded Lot
  • Garden

Parking

  • Attached Carport

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Modern Architecture
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2 Bathrooms
  • 2 Fireplaces
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • East Mercer Community

Listing and Financial Details

  • Assessor Parcel Number 1924059112

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,080

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Modern
  • Homebuilder: Architect- Arne Bystrom
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Hardwood, Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 2
  • Bathrooms: 2.50
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight
  • Extra Finished Room: Lower
  • Family Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2610
  • Square Footage Finished: 2610

Exterior Features

  • Construction Methods: Post And Beam
  • Exterior: Cement/Concrete, Metal/Vinyl, Wood
  • Foundation: Post And Pillar
  • Roof: Flat
  • View: Lake, Mountain, Territorial

Garage/Parking

  • Parking Type: Carport-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: High Efficiency (Unspecified), Insert
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Lower level-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: East Mercer

Schools

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

Lot Info

  • Lot Details: Cul-De-Sac, Dead End Street, Open Space, Secluded
  • Lot Sq Ft: 23746
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Wooded
  • Parcel Number: 1924059112
  • Lot Topography: Fruit Trees, Garden Space, Wooded

Tax Info

  • Tax Amount: 9663

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2019
Closed on
Feb 22, 2019
Sold by
Milan Joseph and Milan Erin
Bought by
Agrella Renato
Seller's Agent
Daniel Marinello
COMPASS
Buyer's Agent
Marianne Parks
Windermere Mercer Island
List Price
$1,560,000
Sold Price
$1,490,000
Premium/Discount to List
-$70,000
-4.49%
Current Estimated Value
$2,259,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$769,949
Avg. Annual Appreciation
5.88%
Original Mortgage
$1,266,500
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 12, 2013
Sold by
Kissel Nina Camille
Bought by
Milan Joseph and Milan Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.37%
Mortgage Type
New Conventional
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
Agrella Renato $1,490,000 Fidelity National Title
Milan Joseph $900,000 Rainier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agrella Renato $1,266,500
Previous Owner Milan Joseph $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2019 02/27/19 Sold $1,490,000 -4.5% $571 / Sq Ft
01/27/2019 01/27/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $1,560,000 -- $598 / 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 $12,080 $1,843,000 $1,451,000 $392,000
2023 $11,928 $1,731,000 $1,369,000 $362,000
2022 $10,666 $1,936,000 $1,540,000 $396,000
2021 $10,240 $1,447,000 $1,268,000 $179,000
2020 $9,308 $1,278,000 $1,208,000 $70,000
2018 $9,663 $1,152,000 $1,134,000 $18,000
2017 $8,163 $1,113,000 $1,026,000 $87,000
2016 $7,597 $1,002,000 $938,000 $64,000
2015 $7,320 $908,000 $849,000 $59,000
2014 -- $836,000 $785,000 $51,000
2013 -- $771,000 $677,000 $94,000
Source: Public Records

Agents Affiliated with this Home

  • Daniel Marinello

    Seller's Agent in 2019

    Daniel Marinello

    COMPASS

    (206) 769-2556

    1 in this area

    29 Total Sales

    Daniel Marinello
    Section Image
  • Marianne Parks

    Buyer's Agent in 2019

    Marianne Parks

    Windermere Corporate

    (206) 412-0038

    21 Total Sales

    Marianne Parks
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1398183

Northwest Multiple Listing Service (NWMLS)

APN: 192405-9112

Washington King County Mercer Island 98040 Appleton

4848 E Mercer Way, Mercer Island, WA

This home is located at 4848 E Mercer Way, Mercer Island, WA 98040 since 07 January 2019 and is currently estimated at $2,259,949, approximately $865 per square foot. This property was built in 1953. 4848 E Mercer Way 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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