Listed by COMPASS, Bought with Every Door Real Estate
NOT LISTED FOR SALE

Estimated Value: $3,249,000 - $9,576,112

5 Beds
5 Baths
4,280 Sq Ft
$1,710/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $9,300,000 $2,173 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $42,995/month

42 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Contemporary Architecture
  • Island Park Elementary School Rated A
  • Lake View
  • Vaulted Ceiling

About This Home

As of September 2024

A thoughtfully curated 2024 renovation & luxury details define this exquisite waterfront home on Mercer Island's Gold Coast. With 112 ft of west-facing waterfront, 2 docks & ample space for all your watercraft, this home is a haven for those seeking the coveted lake lifestyle. Sweeping lake, Olympic Mts. & Seattle skyline views take center stage through floor-to-ceiling windows. Attention to detail throughout, from the luxury finishes to the thoughtful layout, make this reimagined home a true work of art. The open floor plan offers endless opportunities for indoor/outdoor living & entertaining including folding doors out to the patio—perfect for dining al fresco. Situated off sought-after Forest Ave & minutes to fabulous island amenities.

Last Agent to Sell the Property

Tere Foster

COMPASS License #7690 Listed on: 06/06/2024

COMPASS

Co-Listed By

Carissa Saffel

COMPASS License #48200

Last Buyer's Agent

Indy Basra

Every Door Real Estate License #20110953

Every Door Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2247473

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,850

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 0.57 Acre Lot
  • Low Bank Waterfront Property
  • 112 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • West Facing Home
  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Poured Concrete
  • Stucco

Interior Spaces

  • 4,280 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Dining Room

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Docks
  • Patio

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • The lake is a source of water for the property
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • West Mercer Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1410300018

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,850

Year Built

Built in 1987 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1987
  • Buyer Agency Compensation: 2
  • Inclusions: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 4280
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • Special Features: None
  • Cumulative Days on Market: 366

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Engineered Hardwood, Carpet
  • Interior Amenities: Bath Off Primary, Built-In Vacuum, Ceramic Tile, Double Pane/Storm Window, Dining Room, Fireplace, Security System, Skylight(s), Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Wall to Wall Carpet, Water Heater
  • Living Area: 4280
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • Bathrooms: 3.5
  • BathsFullMain: 1
  • FireplacesMain: 2
  • SquareFootageFinished: 4280
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 2
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 2
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Flat
  • View: City, Lake, Mountain(s), Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Lake
  • Waterfront: Yes
  • Direction Faces: West
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: House
  • WaterfrontFootage: 112
  • WaterAccess: Deeded Access

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Lake, Public
  • Security: SecuritySystem
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gs

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 1410300018
  • Topography: Level,Partial Slope
  • Land Lease: No
  • Lot Size Acres: 0.5708
  • Lot Size Sq Ft: 24866
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Dock,Gas Available,High Speed Internet,Irrigation,Moorage,Patio,Sprinkler System
  • MLSLotSizeSource: Tax Records/Buyer to verify
  • MLSSquareFootageSource: Tax Records/Buyer to verify

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 46850

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Sep 9, 2024
Sold by
Lotus Trust and Ostrem Kanoa S
Bought by
Sunset Nkas Llc
Seller's Agent
Tere Foster
COMPASS
Buyer's Agent
Indy Basra
Every Door Real Estate
List Price
$9,500,000
Sold Price
$9,300,000
Premium/Discount to List
-$200,000
-2.11%
Views
52
Current Estimated Value
$6,972,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,327,754
Avg. Annual Appreciation
-19.09%
Original Mortgage
$6,000,000
Outstanding Balance
$5,963,080
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$1,738,873

Purchase Details

Closed on
Jan 24, 2024
Sold by
Ostrem Kanoa S
Bought by
Lotus Trust and Ostrem

Purchase Details

Closed on
Feb 24, 2023
Sold by
Perozek Elizabeth A
Bought by
Mist Llc

Purchase Details

Closed on
May 31, 2017
Sold by
Perozek Elizabeth A
Bought by
Perozek Elizabeth A

Purchase Details

Closed on
Jul 15, 1998
Sold by
Chiado Paul S and Chiado Sue K
Bought by
Perozek David M and Perozek Elizabeth A

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
6.37%
Source: Public Records

Range of Values:

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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
Sunset Nkas Llc $9,300,000 Chicago Title
Lotus Trust $313 None Listed On Document
Mist Llc $6,700,000 Chicago Title
Perozek Elizabeth A -- None Available
Perozek David M $2,550,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunset Nkas Llc $6,000,000
Previous Owner Mist Llc $3,600,000
Previous Owner Perozek David M $250,000
Previous Owner Perozek David M $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2024 09/12/24 Sold $9,300,000 -2.1% $2,173 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $9,500,000 -- $2,220 / 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 $53,862 $8,228,000 $4,015,000 $4,213,000
2023 $46,850 $6,807,000 $3,788,000 $3,019,000
2022 $41,888 $7,613,000 $4,262,000 $3,351,000
2021 $39,970 $5,690,000 $3,508,000 $2,182,000
2020 $31,993 $4,995,000 $3,341,000 $1,654,000
2018 $33,196 $3,965,000 $2,575,000 $1,390,000
2017 $28,977 $3,827,000 $2,476,000 $1,351,000
2016 $26,950 $3,561,000 $2,264,000 $1,297,000
2015 $30,572 $3,224,900 $2,048,900 $1,176,000
2014 -- $3,496,000 $2,424,000 $1,072,000
2013 -- $3,310,000 $2,749,000 $561,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2247473

Northwest Multiple Listing Service (NWMLS)

APN: 141030-0018