5218 W Mercer Way Mercer Island, WA 98040
Forest Avenue NeighborhoodEstimated Value: $2,815,000 - $3,361,000
4
Beds
5
Baths
3,660
Sq Ft
$845/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 $3,091,480, approximately $844 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
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
Outstanding Balance
$587,834
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,503,646
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%
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 |
|---|---|---|---|
| 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 | $1,000,000 | |
| Previous Owner | Greenstein Steven | $600,000 | |
| Previous Owner | Schroeder Gilliat G | $500,000 |
Source: Public Records
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 | $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
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