Brilliantly reimagined mid-century residence originally designed by iconic Seattle architect Fred Bassetti in 1962. A complete remodel by Chadbourne + Doss won the AIA honor award in 2011. Known as The Wood Block Residence, this home has been featured in Dwell & Pacific Northwest Magazine. Features include a large steel & glass pivot door at entry, white Caesarstone kitchen island, concrete, Milestone plaster & baths set against dark stained oak floors & cedar wood wrapped walls & ceilings. The residence embraces the work from home concept & was created w/ a main floor primary suite, office space, a large great room & main floor deck. The lower level is multifunctional, with office/media room, 2 addl bdrms, 2 ba & private outdoor courtyard.
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,829
Avg. Annual Appreciation
0.21%
Original Mortgage
$1,741,600
Interest Rate
5.82%
Mortgage Type
New Conventional
Jan 2025 - Jan 2025Chen YanlingLess than a month
Private Individual
Purchase Details
Listed on
Sep 10, 2024
Closed on
Jan 27, 2025
Sold by
Liu Luyi
Bought by
Chen Yanling
Seller's Agent
Moira Holley
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Helena Chen
eXp Realty
List Price
$2,995,000
Sold Price
$2,488,000
Premium/Discount to List
-$507,000
-16.93%
Views
213
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,741,600
Interest Rate
5.82%
Mortgage Type
New Conventional
Dec 2024 - Jan 2025Chen Yanling and Han Qinqing1 Month
Private Individual
Purchase Details
Listed on
Sep 10, 2024
Closed on
Dec 30, 2024
Sold by
Luke Hok-Sum Horace
Bought by
Chen Yanling and Han Qinqing
Seller's Agent
Moira Holley
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Helena Chen
eXp Realty
List Price
$2,995,000
Sold Price
$2,488,000
Premium/Discount to List
-$507,000
-16.93%
Views
213
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,741,600
Interest Rate
5.82%
Mortgage Type
New Conventional
Nov 2010 - Dec 2024Luke Hok Sum Horace14 Years and 1 Month
Private Individual
Purchase Details
Closed on
Nov 20, 2010
Sold by
Chen Man Ying Marinda
Bought by
Luke Hok Sum Horace
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,500
Interest Rate
4.31%
Mortgage Type
New Conventional
May 2006 - Nov 2010Luke Hok Sum Horace and Chen Man Ying Marinda4 Years and 6 Months
Private Individual
Purchase Details
Closed on
May 19, 2006
Sold by
Breaux Fabian L
Bought by
Luke Hok Sum Horace and Chen Man Ying Marinda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac
Jan 2002 - May 2006Joyner Victoria M4 Years and 4 Months
Private Individual
Purchase Details
Closed on
Jan 17, 2002
Sold by
Joyner Victoria M
Bought by
Joyner Victoria M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
7%
Jun 1999 - Jan 2002Joyner Victoria M2 Years and 7 Months
Private Individual
Purchase Details
Closed on
Jun 30, 1999
Sold by
Joyner Victoria M
Bought by
Joyner Victoria M
Dec 1998 - Jun 1999Joyner R N and Joyner Victoria M6 Months
Private Individual
Purchase Details
Closed on
Dec 19, 1998
Sold by
Joyner R N
Bought by
Joyner R N and Joyner Victoria M
Map
Range of Values:
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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
Type
Sale Price
Title Company
Quit Claim Deed
$313
Chicago Title
Quit Claim Deed
$313
Chicago Title
Warranty Deed
$2,488,000
Chicago Title
Interfamily Deed Transfer
--
None Available
Warranty Deed
$788,000
Transnation Ti
Interfamily Deed Transfer
--
Washington Title
Interfamily Deed Transfer
--
--
Interfamily Deed Transfer
--
--
Source: Public Records
Mortgage History
Date
Status
Loan Amount
Loan Type
Previous Owner
$1,741,600
New Conventional
Previous Owner
$567,500
New Conventional
Previous Owner
$630,000
Fannie Mae Freddie Mac
Previous Owner
$450,000
Unknown
Previous Owner
$407,000
No Value Available
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
12/31/202412/31/24
Sold
$2,488,000
-7.7%
$846 / Sq Ft
12/09/202412/09/24
Pending
--
--
--
11/16/202411/16/24
Price Changed
$2,695,000
-5.4%
$917 / Sq Ft
10/04/202410/04/24
Price Changed
$2,850,000
-4.8%
$969 / Sq Ft
09/10/202409/10/24
For Sale
$2,995,000
--
$1,019 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
Moira Holley is one of the most preeminent luxury real estate brokers for the Seattle and Pacific Northwest region and a Co-Founder of Realogics Sotheby’s International Realty (RSIR). She is a member of Sotheby’s Market Leaders Forum, a select group of forty real estate experts who represent world-class properties in top markets across North America.
Regarded by local and national media as an expert on trends within the luxury real-estate sector, Moira’s adept analysis of premier
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Moira HolleyRealogics Sotheby's Int'l Rlty
Source: Northwest Multiple Listing Service (NWMLS)
This home is located at 5248 W Mercer Way, Mercer Island, WA 98040 and is currently priced at $2,488,000, approximately $846 per square foot. This property was built in 1962. 5248 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.
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