Seller's Agent in 2024
Michele Schuler
Reaologics Sothebys International Realty
(206) 992-2013
3 in this area
183 Total Sales
5055 W Mercer Way Mercer Island, WA 98040
Forest Avenue NeighborhoodEstimated Value: $3,027,905 - $3,174,000
5
Beds
4.5
Baths
4,135
Sq Ft
$744/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Deck
- Wooded Lot
- Island Park Elementary School Rated A
- Property is near public transit
- Territorial View
About This Home
As of May 2024Meticulously crafted with bespoke artistry, this home seamlessly integrates traditional Craftsman features w/contemporary elements: a perfect harmony of style and comfort. The main level welcomes you w/formal living & dining spaces, a chef's kitchen, a cozy nook, a recreation/TV room, & an ensuite guest room. Ascend to the upper level to discover the primary suite, boasting a spa-like ensuite bathroom, plus find 3 add’l bedrooms, 2 baths, & a versatile bonus room. Step outside to the backyard oasis, featuring a spacious covered deck, a dog run, & a patio ideal for outdoor gatherings. Tucked away in seclusion yet conveniently situated near Seattle, Bellevue, top schools & parks, this home offers the perfect blend of privacy & accessibility.
Last Listed By
Realogics Sotheby's Int'l Rlty License #22014412 Listed on: 03/05/2024
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2201728
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,493
Year Built
- Built in 2005
Lot Details
- 0.37 Acre Lot
- Open Space
- East Facing Home
- Dog Run
- Partially Fenced Property
- Level Lot
- Sprinkler System
- Wooded Lot
- Garden
- Property is in very good condition
- Zoning described as R15
Parking
- 3 Car Attached Garage
- Driveway
Home Design
- Craftsman Architecture
- Poured Concrete
- Composition Roof
- Wood Siding
- Stone Siding
Interior Spaces
- 4,135 Sq Ft Home
- 2-Story Property
- Central Vacuum
- Vaulted Ceiling
- Skylights
- 3 Fireplaces
- Gas Fireplace
- French Doors
- Dining Room
- Territorial Views
Kitchen
- Walk-In Pantry
- Stove
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- Walk-In Closet
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Storm Windows
Outdoor Features
- Deck
- Patio
Location
- Property is near public transit
Schools
- Islander Mid Middle School
- Mercer Isl High School
Utilities
- Forced Air Heating and Cooling System
- Smart Home Wiring
- Water Heater
- High Speed Internet
- High Tech Cabling
- Cable TV Available
Community Details
- No Home Owners Association
- Built by Lakeville Homes
- West Mercer Subdivision
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Assessor Parcel Number 2798000040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2024
Closed on
May 6, 2024
Sold by
Jones Gibbons Legacy Trust and Jones Mark L
Bought by
Li Wei and Zhang Qianru
Seller's Agent
Michele Schuler
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Zijun Wang
Best Choice Realty LLC
List Price
$3,250,000
Sold Price
$3,100,000
Premium/Discount to List
-$150,000
-4.62%
Total Days on Market
22
Views
66
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
-$24,024
Avg. Annual Appreciation
1.17%
Original Mortgage
$2,020,000
Outstanding Balance
$2,000,214
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$1,135,190
Purchase Details
Closed on
Feb 2, 2022
Sold by
Gibbons Abra D
Bought by
Jones Mark L and Gibbons Abra
Purchase Details
Closed on
Jul 30, 2007
Sold by
Gibbons Timothy M
Bought by
Gibbons Abra D
Purchase Details
Closed on
Jun 2, 2006
Sold by
East View Inc
Bought by
Gibbons Timothy M and Gibbons Abra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 1, 2004
Sold by
Bergstrom Charles A and Bergstrom Ruth A
Bought by
East View Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving
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 |
|---|---|---|---|
| Li Wei | $3,100,000 | First American Title Insurance | |
| Jones Mark L | $313 | None Listed On Document | |
| Gibbons Abra D | -- | None Available | |
| Gibbons Timothy M | $1,747,000 | Chicago Title | |
| East View Inc | $320,000 | First American |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Li Wei | $2,020,000 | |
| Previous Owner | Gibbons Abra | $377,021 | |
| Previous Owner | Gibbons Abra | $400,750 | |
| Previous Owner | Gibbons Abra D | $417,000 | |
| Previous Owner | Gibbons Timothy M | $500,000 | |
| Previous Owner | Gibbons Timothy M | $850,000 | |
| Previous Owner | East View Inc | $500,000 | |
| Previous Owner | East View Inc | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2024 05/07/24 | Sold | $3,100,000 | -1.6% | $750 / Sq Ft |
| 03/27/2024 03/27/24 | Pending | -- | -- | -- |
| 03/21/2024 03/21/24 | Price Changed | $3,150,000 | -3.1% | $762 / Sq Ft |
| 03/05/2024 03/05/24 | For Sale | $3,250,000 | -- | $786 / 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 | $17,590 | $2,685,000 | $1,317,000 | $1,368,000 |
| 2023 | $17,493 | $2,570,000 | $1,243,000 | $1,327,000 |
| 2022 | $15,699 | $2,851,000 | $1,399,000 | $1,452,000 |
| 2021 | $15,735 | $2,131,000 | $1,152,000 | $979,000 |
| 2020 | $17,525 | $1,965,000 | $1,098,000 | $867,000 |
| 2018 | $16,999 | $2,171,000 | $867,000 | $1,304,000 |
| 2017 | $14,840 | $1,959,000 | $784,000 | $1,175,000 |
| 2016 | $13,803 | $1,823,000 | $717,000 | $1,106,000 |
| 2015 | $13,299 | $1,651,000 | $649,000 | $1,002,000 |
| 2014 | -- | $1,520,000 | $600,000 | $920,000 |
| 2013 | -- | $1,399,000 | $577,000 | $822,000 |
Source: Public Records
Agents Affiliated with this Home
-
Michele Schuler
-
Zijun Wang
Buyer's Agent in 2024
Zijun Wang
Best Choice Realty Brokerage
(206) 488-6878
1 in this area
205 Total Sales
Map
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Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2201728
APN: 279800-0040
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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. ©2025 NWMLS.
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