Seller's Agent in 2017
Steve Sit
Sound Asset Partners LLC
(425) 736-6856
8 Total Sales
5435 W Mercer Way Mercer Island, WA 98040
Groveland NeighborhoodEstimated Value: $3,947,000 - $5,184,553
4
Beds
2
Baths
4,277
Sq Ft
$1,056/Sq Ft
Est. Value
Highlights
- Lake View
- Deck
- 3 Fireplaces
- Island Park Elementary School Rated A
- Wood Flooring
- Detached Garage
About This Home
As of September 2017Reduced and Motivated! Rarely do we get the opportunity to own an exceptional home with breath taking views of Lake Washington & Seattle skyline! Amazing wrap around deck and your private 10' of waterfront for the perfect gathering. Grand Entry w/ a gorgeous display of refinished hardwood floors into the living room & Chef's kitchen. Master with 180° of spectacular views. 4 large BRs & adjacent baths. Family rooms w/ lots of windows for natural light. Oversize 4 car garage w/ plenty of storage.
Last Agent to Sell the Property
Sound Asset Partners LLC License #11118 Listed on: 01/25/2017
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1063116
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,913
Year Built
- Built in 1960
Lot Details
- Street terminates at a dead end
- Partially Fenced Property
- Sloped Lot
- Sprinkler System
- Garden
- Property is zoned R15
Parking
- Detached Garage
Property Views
- Lake
- City
- Mountain
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 2 Bathrooms
- 3 Fireplaces
- Finished Basement
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Slate Flooring
- Ceramic Tile
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
Utilities
- High Speed Internet
- Cable TV Available
Community Details
- Mercer Island Community
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Assessor Parcel Number 2948900026
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 25, 2017
Closed on
Aug 30, 2017
Sold by
Xing Yan Bin and Zhu Ai Hui
Bought by
Wang Chunhua and Zhou Tongwen
Seller's Agent
Steve Sit
Sound Asset Partners LLC
Buyer's Agent
Wenyan Xu
Coldwell Banker Bain
List Price
$2,500,000
Sold Price
$2,498,000
Premium/Discount to List
-$2,000
-0.08%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,018,638
Avg. Annual Appreciation
8.46%
Original Mortgage
$1,859,364
Outstanding Balance
$1,539,193
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,240,560
Purchase Details
Closed on
Mar 6, 2012
Sold by
Matthews John C and Matthews Mary Ellen
Bought by
Xing Yan Bin and Zhu Ai Hui
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$865,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 1, 1994
Sold by
Hoschek Douglas J
Bought by
Matthews John C and Matthews Mary Ellen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.25%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wang Chunhua | $2,498,000 | Old Republic Title Ltd | |
| Xing Yan Bin | $1,726,300 | Chicago Title | |
| Matthews John C | $635,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Chunhua | $776,250 | |
| Open | Wang Chunhua | $1,859,364 | |
| Previous Owner | Xing Yan Bin | $1,000,000 | |
| Previous Owner | Xing Yan Bin | $865,000 | |
| Previous Owner | Matthews John C | $669,500 | |
| Previous Owner | Matthews John C | $400,000 | |
| Previous Owner | Matthews John C | $950,000 | |
| Previous Owner | Matthews John C | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2017 09/08/17 | Sold | $2,498,000 | -0.1% | $584 / Sq Ft |
| 07/29/2017 07/29/17 | For Sale | $2,500,000 | 0.0% | $585 / Sq Ft |
| 07/21/2017 07/21/17 | Pending | -- | -- | -- |
| 07/18/2017 07/18/17 | Price Changed | $2,500,000 | -3.8% | $585 / Sq Ft |
| 07/10/2017 07/10/17 | Price Changed | $2,598,000 | -3.1% | $607 / Sq Ft |
| 06/09/2017 06/09/17 | Price Changed | $2,680,000 | -0.7% | $627 / Sq Ft |
| 05/10/2017 05/10/17 | Price Changed | $2,700,000 | -3.2% | $631 / Sq Ft |
| 04/27/2017 04/27/17 | Price Changed | $2,788,000 | -0.4% | $652 / Sq Ft |
| 01/25/2017 01/25/17 | For Sale | $2,800,000 | -- | $655 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $25,913 | $3,957,000 | $2,350,000 | $1,607,000 |
| 2023 | $25,584 | $3,716,000 | $2,217,000 | $1,499,000 |
| 2022 | $22,874 | $4,156,000 | $2,494,000 | $1,662,000 |
| 2021 | $21,958 | $3,106,000 | $2,053,000 | $1,053,000 |
| 2020 | $21,290 | $2,743,000 | $1,956,000 | $787,000 |
| 2018 | $22,089 | $2,638,000 | $1,630,000 | $1,008,000 |
| 2017 | $19,517 | $2,546,000 | $1,568,000 | $978,000 |
| 2016 | $18,155 | $2,398,000 | $1,434,000 | $964,000 |
| 2015 | $18,588 | $2,172,000 | $1,298,000 | $874,000 |
| 2014 | -- | $2,125,000 | $1,200,000 | $925,000 |
| 2013 | -- | $1,803,000 | $1,345,000 | $458,000 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Sit
-
Alan Sit
A
Seller Co-Listing Agent in 2017
Alan Sit
Sound Asset Partners LLC
(206) 488-6295
12 Total Sales
-
Wenyan Xu
Buyer's Agent in 2017
Wenyan Xu
Coldwell Banker Bain
(425) 208-1538
2 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1063116
APN: 294890-0026
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Based on information submitted to the MLS GRID
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