NOT LISTED FOR SALE

5450 E Mercer Way Mercer Island, WA 98040

Parkwood - Mercer Firs Neighborhood

Estimated Value: $5,315,000 - $7,380,203

6 Beds
4.5 Baths
4,660 Sq Ft
$1,397/Sq Ft Est. Value

Last Sold February 06, 2020

Last sale price $3,880,000 $833 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $39,994/month

50 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Sauna
  • Island Park Elementary School Rated A
  • Spa
  • Two Primary Bedrooms

About This Home

As of February 2020

Savor the serenity of this elegant Lakeside home, ideally sited Mid-Island with lush lawn to 90' of private low bank waterfront, bulkhead, dock and boat lift! Stunning 180' Lake/Mt. Rainier vistas from expansive window walls. The ideal floor plan is bright with skylights, Accordion Doors and clerestory windows! Exciting dream kitchen! Fabulous formal areas! Six Bedrooms include Romantic Master Suite; Guest Suite; Gym; Office; En Suite Bedroom and Bonus Room! Soothing Sauna + covered Hot Tub too!

Last Agent to Sell the Property

Natalie Malin

Coldwell Banker Bain License #5986 Listed on: 10/22/2019

Coldwell Banker Bain

Co-Listed By

Hedy Joyce

Coldwell Banker Bain License #47854

Last Buyer's Agent

Kelly Weisfield

COMPASS License #109428

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1516880

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,802

Year Built

  • Built in 1955

Lot Details

  • 0.33 Acre Lot
  • Low Bank Waterfront Property
  • 90 Feet of Waterfront
  • Lake Front
  • Open Space
  • Street terminates at a dead end
  • Level Lot
  • Sprinkler System
  • Wooded Lot
  • Garden

Parking

  • 3 Car Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Poured Concrete
  • Shake Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,660 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • 3 Fireplaces
  • Wood Burning Fireplace
  • French Doors
  • Dining Room
  • Sauna
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Double Master Bedroom
  • Walk-In Closet
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Spa
  • Bulkhead
  • Docks
  • Deck
  • Patio

Location

  • Property is near public transit

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Central Air
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • Eastside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1924059134

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,802

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1955
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,RangeOven,Refrigerator,TrashCompactor,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: Glenhome
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 4660
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 1,225

Interior Features

  • Fireplaces: 3
  • Basement: Daylight, Finished
  • Private Spa: Yes
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 6
  • Total Bedrooms: 6
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Central A/C, Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Second Primary Bedroom, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Hot Tub/Spa, Sauna, Security System, Skylight(s), Walk-In Closet(s), Water Heater
  • Living Area: 4660
  • Bathrooms: 4
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 4660
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 2
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 3
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Range/Oven,Refrigerator,Trash Compactor,Washer
  • FireplacesUpper: 1

Exterior Features

  • Roof: Cedar Shake, Composition, Flat
  • View: Lake, Mountain(s)
  • Lot Features: Dead End Street, Open Space, Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Bulkhead, Lake
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true
  • WaterfrontFootage: 90

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
  • HeatingCoolingType: Central A/C,Forced Air
  • PowerCompany: PSE
  • SewerCompany: MI
  • WaterCompany: MI
  • WaterHeaterLocation: Lower/Garage
  • WaterHeaterType: Gas/Electric

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 1924059134
  • Topography: Level,PartialSlope
  • Lot Size Acres: 0.3295
  • Lot Size: 14355
  • Lot Size Sq Ft: 14355
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Gas Available,High Speed Internet,Hot Tub/Spa,Moorage,Patio,Sprinkler System
  • MLSLotSizeSource: King County
  • MLSSquareFootageSource: King County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2019
  • Tax Annual Amount: 26802

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
Oct 22, 2019
Closed on
Jan 28, 2020
Sold by
Malanga Michael Evans and Malanga Alessandra
Bought by
Lamb Andrew and Lamb Julie
Seller's Agent
Natalie Malin
Coldwell Banker Bain
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$4,200,000
Sold Price
$3,880,000
Premium/Discount to List
-$320,000
-7.62%
Current Estimated Value
$6,511,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,631,734
Avg. Annual Appreciation
8.84%
Original Mortgage
$2,730,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2003
Sold by
Sarko Lynn L and White Mary M
Bought by
Malanga Michael and Malanga Alessandra

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
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 1993
Sold by
Associates Relocation Mgmt
Bought by
Sarko Lynn L and White Mary M
Source: Public Records

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Range of Values:

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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
Lamb Andrew $3,880,000 Cti
Malanga Michael $2,145,000 Chicago Title
Sarko Lynn L $941,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamb Andrew $2,300,000
Closed Lamb Andrew $2,730,000
Previous Owner Malanga Michael $1,000,000
Closed Malanga Michael $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2020 02/06/20 Sold $3,880,000 -7.6% $833 / Sq Ft
12/11/2019 12/11/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $4,200,000 -- $901 / 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 $44,629 $6,817,000 $3,053,000 $3,764,000
2023 $33,916 $4,927,000 $2,881,000 $2,046,000
2022 $30,321 $5,510,000 $3,241,000 $2,269,000
2021 $29,100 $4,118,000 $2,668,000 $1,450,000
2020 $27,431 $3,636,000 $2,541,000 $1,095,000
2018 $29,866 $3,567,000 $2,272,000 $1,295,000
2017 $26,073 $3,443,000 $2,185,000 $1,258,000
2016 $24,253 $3,204,000 $1,998,000 $1,206,000
2015 $23,369 $2,902,000 $1,809,000 $1,093,000
2014 -- $2,672,000 $1,672,000 $1,000,000
2013 -- $2,249,000 $1,653,000 $596,000
Source: Public Records

Agents Affiliated with this Home

  • Natalie Malin

    Seller's Agent in 2020

    Natalie Malin

    Coldwell Banker Bain

    (206) 232-3240

    1 Total Sale

    Natalie Malin
    Section Image
  • Hedy Joyce

    Seller Co-Listing Agent in 2020

    Hedy Joyce

    Coldwell Banker Bain

    (206) 406-7275

    26 Total Sales

    Hedy Joyce
    Section Image
  • Kelly Weisfield

    Buyer's Agent in 2020

    Kelly Weisfield

    COMPASS

    (206) 355-3863

    3 in this area

    116 Total Sales

    Kelly Weisfield
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1516880

Northwest Multiple Listing Service (NWMLS)

APN: 192405-9134

Washington King County Mercer Island 98040 Parkwood - Mercer Firs

5450 E Mercer Way, Mercer Island, WA

This home is located at 5450 E Mercer Way, Mercer Island, WA 98040 since 22 October 2019 and is currently estimated at $6,511,734, approximately $1,397 per square foot. This property was built in 1955. 5450 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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