NOT LISTED FOR SALE

5403 W Mercer Way Mercer Island, WA 98040

Groveland Neighborhood

Estimated Value: $6,267,314 - $9,602,000

5 Beds
5 Baths
5,420 Sq Ft
$1,390/Sq Ft Est. Value

Last Sold June 10, 2019

Last sale price $5,800,000 $1,070 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $46,508/month

88 Days on Market

Highlights

  • Lake Front
  • Docks
  • Deck
  • Island Park Elementary School Rated A
  • Built-In Refrigerator
  • Contemporary Architecture

About This Home

As of June 2019

Exceptional gold coast waterfront on Mercer Island. Enjoy jaw-dropping Western views of the lake, Seattle skyline & Seward Prk framed by walls of windows.125' of western low bank lakefront w/ private dock, level lawn & expansive entertaining deck. Updated, this 5BDR home boasts vaulted ceilings, a main floor master. Quiet & serene -set in an ideal mid-Island neighborhood w/ easy access. Your life on the lake awaits.

Last Agent to Sell the Property

Rebecca Locke

Compass Washington, LLC License #23740 Listed on: 02/25/2019

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,601

Year Built

  • Built in 1972

Lot Details

  • Lake Front
  • Property fronts a private road
  • Fenced
  • Private Lot
  • Level Lot
  • Garden
  • Property is zoned R15

Parking

  • 3 Car Attached Garage
  • Workshop in Garage
  • Driveway

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,420 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • 3 Fireplaces
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Finished Basement
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Built-In Refrigerator
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Docks
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8143300010

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,601

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1972
  • Property Condition: Approximately
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, NWContemporary
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 12 Features: Fireplace
  • Special Features: None

Interior Features

  • Total Bathrooms: 2.3
  • Fireplaces: 3
  • Interior Amenities: HardwoodFloors, HighCeilings, TileFloor, VaultedCeiling, WalltoWallCarpet
  • Room 4 Description: BonusRoom
  • Room 4 Level: Lower
  • Room 5 Description: UtilityRoom
  • Room 5 Level: Lower
  • Basement: Daylight, Finished, PartiallyFinished
  • Window Features: DoublePaneWindows, StormWindow, VinylFrames
  • Appliances: BuiltinOven, BuiltinRefrigerator, Cooktop, Dishwasher, Microwave
  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Insert
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsPartialLowerLevel: 1
  • BathroomsPartialMainLevel: 2
  • BathroomsTotalLowerLevel: 1.1
  • BathroomsTotalMainLevel: 1.2
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt15000to19999
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: WoodSiding
  • Exterior Features: Deck, Dock, Fenced, Garden, GasHookup, PrivateRoad, Workshop
  • Lot Size: 15,000 to 19,999 SqFt
  • Waterfront: Yes
  • View: Yes
  • Lot Features: Level, Private
  • Water Body Name: Lake Washington
  • Waterfront Features: Lake
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: City,Lake,Mountain

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicAvailable
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Farm: No
  • Zoning: R15
  • Parcel #: 8143300010

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 43601.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2019
Closed on
Jun 7, 2019
Sold by
Chin R Steven and Chin Becky E
Bought by
Eagleview515 Llc
Seller's Agent
Rebecca Locke
Compass Washington, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$5,998,000
Sold Price
$5,800,000
Premium/Discount to List
-$198,000
-3.3%
Current Estimated Value
$7,627,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,827,457
Avg. Annual Appreciation
4.93%
Original Mortgage
$1,800,000
Outstanding Balance
$1,572,294
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,227,885

Purchase Details

Closed on
Jun 14, 2004
Sold by
Fix Kathleen Marie and Fix Michael Bradley
Bought by
Chin R Steven and Chin Becky E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,275,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Fix Kathleen Marie and Fix Michael Bradley
Bought by
Fix Kathleen Marie and Fix Michael Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,275,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2004
Sold by
Fix Kathleen Marie and Fix Michael Bradley
Bought by
Fix Kathleen Marie and Fix Michael Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,275,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 1993
Sold by
Fix Beverly A
Bought by
Qualified Personal Residence Trust and Fix Beverly A
Source: Public Records

Range of Values:

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Average Value
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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
Eagleview515 Llc $5,800,000 Fidelity National Title
Chin R Steven $3,500,000 Chicago Title
Fix Kathleen Marie -- Chicago Title
Fix Kathleen Marie -- Chicago Title
Qualified Personal Residence Trust -- Stewart Title Company
Qualified Personal Residential Trust -- Stewart Title Company
Fix Beverly A -- --
Fix Wilbur J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eagleview515 Llc $1,800,000
Previous Owner Shin R Steven $748,000
Previous Owner Chin R Steven $2,275,000
Previous Owner Chin R Steven $2,275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2019 06/10/19 Sold $5,800,000 0.0% $1,070 / Sq Ft
06/10/2019 06/10/19 Sold $5,800,000 -3.3% $1,275 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
05/03/2019 05/03/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $5,998,000 0.0% $1,107 / Sq Ft
10/30/2018 10/30/18 Price Changed $5,998,000 -4.0% $1,318 / Sq Ft
08/24/2018 08/24/18 For Sale $6,250,000 -- $1,374 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $52,579 $8,032,000 $6,446,000 $1,586,000
2023 $51,723 $7,543,000 $6,082,000 $1,461,000
2022 $45,980 $8,436,000 $6,842,000 $1,594,000
2021 $44,130 $6,246,000 $5,632,000 $614,000
2020 $42,018 $5,515,000 $5,364,000 $151,000
2018 $43,601 $5,208,000 $5,004,000 $204,000
2017 $36,817 $5,027,000 $4,812,000 $215,000
2016 $34,243 $4,525,000 $4,399,000 $126,000
2015 $32,993 $4,098,000 $3,981,000 $117,000
2014 -- $3,773,000 $3,680,000 $93,000
2013 -- $3,724,000 $3,452,000 $272,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Rebecca Locke

    Compass Washington, LLC

  • Kelly Weisfield

    Seller's Agent in 2019

    Kelly Weisfield

    COMPASS

    (206) 355-3863

    3 in this area

    116 Total Sales

    Section Image

  • O

    Buyer's Agent in 2019

    OR and WA Non Rmls

    Non Rmls Broker

    Section Image
  • Greg Rosenwald

    Buyer's Agent in 2019

    Greg Rosenwald

    COMPASS

    (206) 230-5445

    2 in this area

    133 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19410555

Regional Multiple Listing Service (RMLS)

APN: 814330-0010

Washington King County Mercer Island 98040 Groveland

5403 W Mercer Way, Mercer Island, WA

This home is located at 5403 W Mercer Way, Mercer Island, WA 98040 since 25 February 2019 and is currently estimated at $7,534,105, approximately $1,390 per square foot. This property was built in 1972. 5403 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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