Listed by Coldwell Banker Bain, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

5055 88th Ave SE Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $4,019,000 - $5,091,000

5 Beds
6 Baths
6,440 Sq Ft
$704/Sq Ft Est. Value

Last Sold October 14, 2014

Last sale price $2,110,000 $328 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $26,802/month

49 Days on Market

About This Home

As of October 2014

Magnificent home styled after the estates in Seattle's historic neighborhoods. Designed for the original owner by Norm Sandler and lovingly restored by the present owner. Western lake, city and mountain views from this mansion quality home with oversized rms, soaring ceilings, and layered millwork. Peaceful setting of perennial gardens, a gracious motor court, and 3 car side entry garage. Serene rear terrace runs the length of the home. A timeless classic and the state's best school district!

Last Agent to Sell the Property

Jane Jelinek Harrison

Coldwell Banker Bain License #15207 Listed on: 06/23/2014

Co-Listed By

Stephanie St. Mary

Windermere Real Estate/East License #33451

Last Buyer's Agent

Hedy Joyce

Coldwell Banker Bain License #47854

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM655707

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$25,599

Year Built

1991

Lot Details

0

Listing Details

  • Condition: Very Good
  • Sq Ft Finished: 6440
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1991

Interior Features

  • Appliances: Dishwasher, Double Oven
  • Fireplaces: 3
  • Basement: Partially Finished
  • Features: Wine Cellar, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Loft, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 3
  • Floor: Hardwood, Laminate

Exterior Features

  • Roof: Cedar Shake
  • Exterior: Brick, Wood Products
  • Foundation: Poured Concrete
  • Lot Details: Dead End Street, Paved Street
  • Roof: Cedar Shake
  • Site Features: Cable TV, Deck, Partial Fence, High Speed Internet, RV Parking, Shop, Sprinkler System
  • View: City, Lake, Mountain
  • Lot Topography: Garden Space, Level

Garage/Parking

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

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Double Oven
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Schools

  • School District: MIS
  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2014
Closed on
Oct 8, 2014
Sold by
Brookfield Relocation Inc
Bought by
Tatum Roger Perry and Tatum Ashley Mini Jerath
Seller's Agent
Jane Jelinek Harrison
Coldwell Banker Bain
Buyer's Agent
Hedy Joyce
Coldwell Banker Bain
List Price
$2,280,000
Sold Price
$2,110,000
Premium/Discount to List
-$170,000
-7.46%
Current Estimated Value
$4,527,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,417,335
Avg. Annual Appreciation
7.31%
Original Mortgage
$1,688,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2010
Sold by
Hansing Charles E and Hansing Ruth
Bought by
Peterson Curtis A and Peterson Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 1989
Sold by
Kroenke David M
Bought by
Hansing Charles E and Hansing Ruth
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
Tatum Roger Perry $2,110,000 Fidelity Natio
Brookfield Relocation Inc $2,110,000 Fidelity Natio
Peterson Curtis A $1,500,000 Rainier Title
Hansing Charles E $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tatum Roger Perry $1,484,000
Closed Tatum Roger Perry $1,688,000
Previous Owner Peterson Curtis A $1,146,000
Previous Owner Peterson Curtis A $1,200,000
Previous Owner Hansing Charles E $835,000
Previous Owner Hansing Charles E $200,000
Previous Owner Hansing Charles E $704,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2014 10/14/14 Sold $2,110,000 -7.5% $328 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
06/23/2014 06/23/14 For Sale $2,280,000 -- $354 / 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 $25,599 $3,909,000 $1,476,000 $2,433,000
2023 $25,275 $3,671,000 $1,393,000 $2,278,000
2022 $22,601 $4,106,000 $1,567,000 $2,539,000
2021 $21,694 $3,069,000 $1,290,000 $1,779,000
2020 $19,222 $2,710,000 $1,229,000 $1,481,000
2018 $18,646 $2,382,000 $974,000 $1,408,000
2017 $16,280 $2,149,000 $881,000 $1,268,000
2016 $15,148 $2,000,000 $806,000 $1,194,000
2015 $14,593 $1,812,000 $730,000 $1,082,000
2014 -- $1,668,000 $675,000 $993,000
2013 -- $1,422,000 $594,000 $828,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jane Jelinek Harrison

    Coldwell Banker Bain

  • Stephanie St. Mary

    Seller Co-Listing Agent in 2014

    Stephanie St. Mary

    Windermere Corporate

    (206) 953-8359

    32 Total Sales

    Section Image
  • Hedy Joyce

    Buyer's Agent in 2014

    Hedy Joyce

    Coldwell Banker Bain

    (206) 406-7275

    23 Total Sales

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM655707

Northwest Multiple Listing Service (NWMLS)

APN: 192405-9335

Washington King County Mercer Island 98040 Forest Avenue

5055 88th Ave SE, Mercer Island, WA

This home is located at 5055 88th Ave SE, Mercer Island, WA 98040 since 23 June 2014 and is currently estimated at $4,531,850, approximately $703 per square foot. This property was built in 1991. 5055 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.

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Based on information submitted to the MLS GRID

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