NOT LISTED FOR SALE

5218 W Mercer Way Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $2,331,000 - $3,408,000

4 Beds
5 Baths
3,660 Sq Ft
$805/Sq Ft Est. Value

About This Home

This home is located at 5218 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $2,944,566, approximately $804 per square foot. 5218 W 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2007
Sold by
Greenstein Steven and Greenstein Valerie
Bought by
Freedman Avi and Freedman Rachel
Current Estimated Value
$2,944,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2005
Sold by
Schroeder Gilliat G and Schroeder Sherrill
Bought by
Greenstein Steven and Greenstein Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 30, 1998
Sold by
Remine Kenneth R and Remine Patricia R
Bought by
Schroeder Gilliat G and Schroeder Sherrill B

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
6.87%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Freedman Avi $1,395,000 Transnation Ti
Greenstein Steven $1,250,000 Transnation Ti
Schroeder Gilliat G $665,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freedman Avi $1,027,500
Closed Freedman Avi $150,000
Closed Freedman Avi $1,024,000
Closed Freedman Avi $64,000
Closed Freedman Avi $137,500
Closed Freedman Avi $1,000,000
Previous Owner Greenstein Steven $100,000
Previous Owner Greenstein Steven $600,000
Previous Owner Schroeder Gilliat G $500,000
Source: Public Records

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 $16,399 $2,503,000 $1,537,000 $966,000
2023 $16,193 $2,351,000 $1,450,000 $901,000
2022 $14,485 $2,630,000 $1,632,000 $998,000
2021 $13,903 $1,966,000 $1,344,000 $622,000
2020 $15,409 $1,736,000 $1,280,000 $456,000
2018 $14,953 $1,909,000 $1,025,000 $884,000
2017 $12,628 $1,723,000 $927,000 $796,000
2016 $11,749 $1,551,000 $848,000 $703,000
2015 $11,324 $1,405,000 $768,000 $637,000
2014 -- $1,294,000 $710,000 $584,000
2013 -- $1,131,000 $610,000 $521,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Forest Avenue

5218 W Mercer Way, Mercer Island, WA

This home is located at 5218 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $2,944,566, approximately $804 per square foot. 5218 W 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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