NOT LISTED FOR SALE

5224 Forest Ave SE Mercer Island, WA 98040

Groveland Neighborhood

Estimated Value: $3,340,000 - $4,750,000

6 Beds
7 Baths
4,660 Sq Ft
$935/Sq Ft Est. Value

About This Home

This home is located at 5224 Forest Ave SE, Mercer Island, WA 98040 and is currently estimated at $4,355,029, approximately $934 per square foot. 5224 Forest 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2025
Sold by
Seascape Homes Llc
Bought by
Greenfield Jeffrey and Akhtar Sarah
Current Estimated Value
$4,355,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,487,500
Outstanding Balance
$3,487,500
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$121,553

Purchase Details

Closed on
Oct 27, 2021
Sold by
Knutson Steven P and Knutson Mahnaz
Bought by
Seascape Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$914,840
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2000
Sold by
Lahr William James
Bought by
Knutson Steven P and Knutson Mahnaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
7.75%

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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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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
Greenfield Jeffrey $4,650,000 First American Title
Seascape Homes Llc $1,100,000 First American Title
Knutson Steven P $1,200,000 Pacific Northwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenfield Jeffrey $3,487,500
Previous Owner Seascape Homes Llc $3,444,670
Previous Owner Seascape Homes Llc $225,000
Previous Owner Seascape Homes Llc $675,000
Previous Owner Seascape Homes Llc $914,840
Previous Owner Knutson Steven P $960,000
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 $26,208 $4,002,000 $1,100,000 $2,902,000
2023 $8,998 $1,310,000 $1,038,000 $272,000
2022 $8,076 $1,465,000 $1,168,000 $297,000
2021 $7,752 $1,095,000 $962,000 $133,000
2020 $7,485 $1,517,000 $1,467,000 $50,000
2018 $7,262 $926,000 $832,000 $94,000
2017 $6,138 $836,000 $753,000 $83,000
2016 $5,710 $753,000 $689,000 $64,000
2015 $5,502 $682,000 $624,000 $58,000
2014 -- $628,000 $577,000 $51,000
2013 -- $615,000 $569,000 $46,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Groveland

5224 Forest Ave SE, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 5224 Forest Ave SE, Mercer Island, WA 98040 and is currently estimated at $4,355,029, approximately $934 per square foot. 5224 Forest 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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