NOT LISTED FOR SALE

5001 E Mercer Way Mercer Island, WA 98040

Appleton Neighborhood

Estimated Value: $2,562,000 - $3,279,395

4 Beds
4 Baths
4,287 Sq Ft
$696/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $2,600,000 $606 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $17,980/month

6 Days on Market

Highlights

  • Lake View
  • Deck
  • Wood Flooring
  • Island Park Elementary School Rated A
  • Northwest Architecture
  • 1 Fireplace

About This Home

As of May 2021

Nestled on over half an acre, this custom-built retreat offers light, space and peek-a-boo lake views. A soaring foyer welcomes you to bright gathering spaces overlooking lovely scenery all around. Enjoy every season in comfort with a cozy fireplace, sunroom with atrium windows & expansive view deck. The kitchen is the heart of the home with an open layout, sunlit windows, adjacent breakfast nook & comfy family area. Spend sunny days in the lushly landscaped yard with play lawn & fire pit. You will find ample space to live, work and play with two lake view owners' suites (one with its own balcony!), plus two more upstairs bedrooms, a study on the main, plus rec & flex rooms in the basement. Minutes to parks, top-rated schools & I-90.

Last Agent to Sell the Property

Lis Brown

Windermere Mercer Island License #18637 Listed on: 04/30/2021

Windermere Mercer Island

Last Buyer's Agent

Brittany Baughman

Four Elements Realty & Co License #25390

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1762411

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,176

Year Built

  • Built in 1988

Lot Details

  • Terraced Lot
  • Sprinkler System
  • Garden
  • Drought Tolerant Landscaping
  • Property is zoned R15

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Northwest Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Additional Features

  • 1 Fireplace
  • Cable TV Available
  • Finished Basement

Community Details

  • East Mercer Community

Listing and Financial Details

  • Assessor Parcel Number 1924059116

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,176

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Nw Contemporary
  • Homebuilder: Steve Kunkel Master Builder
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Master Br, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, French Doors, Jetted Tub, Security System, Skylights, Solarium/Atrium, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Laminate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Bathrooms: 4.00
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 3
  • Total Half Bathrooms: 2
  • Main Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Estimated Sq Ft: 4287
  • Square Footage Finished: 4287

Exterior Features

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

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: High Efficiency (Unspecified), Wall, Hrv/Erv System
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City Of Mercer Island
  • Water Company: City Of Mercer Island
  • Water Heater: upstairs closet/kitchen pantry-(2) gas w
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: East Mercer

Schools

  • School District: MIS

Lot Info

  • Lot Details: Drought Res Landscpe
  • Lot Sq Ft: 25942
  • Lot Topography Vegetation: Garden Space, Partial Slope, Terraces
  • Parcel Number: 1924059116
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Partial Slope, Terraces

Tax Info

  • Tax Amount: 14044

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
May 14, 2021
Sold by
Foster Susanne F
Bought by
Wong Derek Siu Hong and Chan Yan Ngar
Seller's Agent
Lis Brown
Windermere Mercer Island
Buyer's Agent
Brittany Baughman
Four Elements Realty & Co
List Price
$2,165,000
Sold Price
$2,600,000
Premium/Discount to List
$435,000
20.09%
Current Estimated Value
$2,985,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,599

Purchase Details

Closed on
Aug 4, 2017
Sold by
Foster Susanne F
Bought by
Foster Susanne F

Purchase Details

Closed on
Aug 10, 1987
Sold by
Foster Bruce F
Bought by
Foster Bruce F and Foster Susanne F
Source: Public Records

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Range of Values:

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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
Wong Derek Siu Hong $2,600,000 Ticor Title
Foster Susanne F -- None Available
Foster Bruce F -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $2,600,000 +20.1% $606 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $2,165,000 -- $505 / 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 $16,176 $2,469,000 $1,168,000 $1,301,000
2023 $16,276 $2,363,000 $1,102,000 $1,261,000
2022 $14,558 $2,643,000 $1,240,000 $1,403,000
2021 $14,583 $1,976,000 $1,021,000 $955,000
2020 $14,044 $1,821,000 $973,000 $848,000
2018 $13,626 $1,740,000 $923,000 $817,000
2017 $11,506 $1,570,000 $835,000 $735,000
2016 $10,704 $1,413,000 $764,000 $649,000
2015 $10,319 $1,280,000 $692,000 $588,000
2014 -- $1,179,000 $640,000 $539,000
2013 -- $1,056,000 $605,000 $451,000
Source: Public Records

Agents Affiliated with this Home

  • Lis Brown

    Seller's Agent in 2021

    Lis Brown

    Windermere Corporate

    (206) 200-3941

    2 in this area

    37 Total Sales

    Lis Brown
    Section Image
  • Brittany Baughman

    Buyer's Agent in 2021

    Brittany Baughman

    Four Elements Realty & Co

    (206) 859-0669

    1 in this area

    71 Total Sales

    Brittany Baughman
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1762411

Northwest Multiple Listing Service (NWMLS)

APN: 192405-9116

Washington King County Mercer Island 98040 Appleton

5001 E Mercer Way, Mercer Island, WA

This home is located at 5001 E Mercer Way, Mercer Island, WA 98040 since 30 April 2021 and is currently estimated at $2,985,599, approximately $696 per square foot. This property was built in 1988. 5001 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.

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Based on information submitted to the MLS GRID

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