NOT LISTED FOR SALE

5404 E Mercer Way Mercer Island, WA 98040

Appleton Neighborhood

Estimated Value: $2,585,000 - $3,577,000

4 Beds
4 Baths
4,580 Sq Ft
$680/Sq Ft Est. Value

Last Sold December 14, 2012

Last sale price $850,000 $186 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $18,688/month

103 Days on Market

About This Home

As of December 2012

An artistic stainless steel gate and courtyard welcome you to this extremely private NW contemporary home with partial lake view. Spacious rooms, filtered lake views. Dramatic living room has floor to ceiling stone fireplace and vaulted ceilings. Well laid out kitchen with 2 ovens, 2 dishwashers and indoor grill. Adjacent family room with fireplace, soaring ceilings and skylights. Spacious master with den that could double as a nursery, great closet. Home theatre, private office,generator.

Last Listed By

Patricia Wallace

Coldwell Banker Bain License #36057 Listed on: 08/17/2012

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM395026

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$17,007

Year Built

1977

Lot Details

0

Listing Details

  • Condition: Very Good
  • Special Features: None
  • Year Built: 1977

Interior Features

  • Basement: Fully Finished
  • Features: Wet Bar, Wired for Generator, Bath Off Master, Dining Room, Jetted Tub, Sauna, Security System, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 3
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Sq Ft Unfinished: 840
  • Water Heater Location: downstairs-Gas

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Paved Street
  • Roof: Flat, Torch Down
  • Site Features: Cable TV, Deck, Gated Entry, High Speed Internet
  • View: Lake, Partial, Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 3

Utilities

  • Appliances: Dishwasher, Double Oven, Garbage Disposal, Microwave, Refrigerator
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2012
Closed on
Dec 12, 2012
Sold by
Otter John S
Bought by
Roberts Gary R and Abei Yumi
Seller's Agent
Patricia Wallace
Coldwell Banker Bain
Buyer's Agent
Susan Gebhardt
Realogics Sotheby's Int'l Rlty
List Price
$850,000
Sold Price
$850,000
Total Days on Market
103
Current Estimated Value
$3,115,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,265,250
Avg. Annual Appreciation
11.24%

Purchase Details

Closed on
Sep 8, 2009
Sold by
Otter Sheila N
Bought by
Otter John S

Purchase Details

Closed on
Jun 20, 2007
Sold by
Schreff H Joshua
Bought by
Otter John S and Otter Sheila N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,700
Interest Rate
6.41%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 26, 1997
Sold by
Greer Michael E and Greer Pamela J
Bought by
Schreff H Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,164
Interest Rate
6.87%

Purchase Details

Closed on
Aug 19, 1997
Sold by
Greer Michael E and Greer Pamela J
Bought by
Greer Michael E and Greer Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,164
Interest Rate
6.87%

Purchase Details

Closed on
Feb 2, 1994
Sold by
Greer Michael E and Greer Pamela J
Bought by
Greer Michael E and Greer Pamela J

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 Buyer Sale Price Title Company
Roberts Gary R $850,000 Chicago Title
Otter John S -- None Available
Otter John S $1,260,000 Transnation Ti
Schreff H Joshua $655,205 Evergreen Title Company
Greer Michael E -- Transnation Title Insurance
Greer Michael E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Gary B $350,000
Closed Roberts Gary B $417,000
Previous Owner Otter John S $132,700
Previous Owner Otter John S $1,000,000
Previous Owner Schreff H Joshua $524,164
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2012 12/14/12 Sold $850,000 0.0% $186 / Sq Ft
11/28/2012 11/28/12 Pending -- -- --
08/17/2012 08/17/12 For Sale $850,000 -- $186 / 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 $17,007 $2,596,000 $1,327,000 $1,269,000
2023 $17,115 $2,485,000 $1,252,000 $1,233,000
2022 $15,309 $2,780,000 $1,409,000 $1,371,000
2021 $15,039 $2,078,000 $1,160,000 $918,000
2020 $13,057 $1,878,000 $1,105,000 $773,000
2018 $13,557 $1,617,000 $811,000 $806,000
2017 $11,449 $1,562,000 $734,000 $828,000
2016 $10,654 $1,406,000 $671,000 $735,000
2015 $10,266 $1,274,000 $608,000 $666,000
2014 -- $1,173,000 $562,000 $611,000
2013 -- $999,000 $533,000 $466,000
Source: Public Records

Agents Affiliated with this Home

  • Patricia Wallace

    Seller's Agent in 2012

    Patricia Wallace

    Coldwell Banker Bain

    (206) 947-2209

    43 Total Sales

    Patricia Wallace
    Section Image
  • Susan Gebhardt

    Buyer's Agent in 2012

    Susan Gebhardt

    Reaologics Sothebys International Realty

    (206) 999-6777

    29 Total Sales

    Susan Gebhardt
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM395026

Northwest Multiple Listing Service (NWMLS)

APN: 143870-0170

Washington King County Mercer Island 98040 Appleton

5404 E Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 5404 E Mercer Way, Mercer Island, WA 98040 since 17 August 2012 and is currently estimated at $3,115,250, approximately $680 per square foot. This property was built in 1977. 5404 E 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.

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.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.