Listed by Coldwell Banker Bain, Bought with COMPASS
NOT LISTED FOR SALE

5456 E Mercer Way Mercer Island, WA 98040

Parkwood - Mercer Firs Neighborhood

Estimated Value: $3,505,000 - $4,334,000

5 Beds
2 Baths
4,950 Sq Ft
$801/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $2,450,000 $495 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $22,826/month

19 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Fruit Trees
  • Island Park Elementary School Rated A
  • Lake View
  • Deck

About This Home

As of April 2018

Float your boat! Is there anything better than rushing home from work, grabbing a picnic and heading out on the lake for dinner? Skip the picnic and head to one of the many lakeside restaurants in the area. Even on inclement days you'll enjoy the everchanging lake views as a backdrop to life in this 4950 sqft NW Contemporary. The floorplan offers room for everyone and everything with a variety of flex space and " THE BEST EVER" master closet. Soaring ceilings w/walls of glass.

Last Agent to Sell the Property

Peggy Watkins

Coldwell Banker Bain License #37666 Listed on: 02/27/2018

Coldwell Banker Bain

Last Buyer's Agent

Mark von der Burg

COMPASS License #38387

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1248876

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,771

Year Built

  • Built in 1976

Lot Details

  • Low Bank Waterfront Property
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Garden
  • Property is zoned R15

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Northwest Architecture
  • Flat Roof Shape
  • Poured Concrete
  • Shake Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 3 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Eastside Community

Listing and Financial Details

  • Assessor Parcel Number 1924059304

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,771

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wired For Generator, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, French Doors, Jetted Tub, Loft, Sauna, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Slate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 3
  • Lower Level Bedroom: 1
  • Bathrooms: 3.00
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Upper
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4950
  • Square Footage Finished: 4950

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Cedar Shake, Flat, Torch Down
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 12.5

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Basement-2 - Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Eastside
  • Project: Glenhome

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 26136
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Level, Partial Slope
  • Parcel Number: 1924059304
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Fruit Trees, Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 16435

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Apr 18, 2018
Sold by
Pyne Daniel G and Pyne Helen
Bought by
Chen Wei Pin and Lu Yen Chen
Seller's Agent
Peggy Watkins
Coldwell Banker Bain
Buyer's Agent
Mark von der Burg
COMPASS
List Price
$2,500,000
Sold Price
$2,450,000
Premium/Discount to List
-$50,000
-2%
Current Estimated Value
$3,963,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,513,169
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
Jun 25, 2002
Sold by
Paragon Decision Resources Inc
Bought by
Pyne Daniel G and Pyne Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.86%

Purchase Details

Closed on
Jun 18, 2002
Sold by
Booth Mark D and Booth Mirre S M
Bought by
Paragon Decision Resources Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.86%

Purchase Details

Closed on
May 1, 2000
Sold by
Hagstrom Craig and Hagstrom Carol
Bought by
Booth Mark D and Booth Mirre S M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
7.12%

Purchase Details

Closed on
Jul 28, 1997
Sold by
Rao Ashok and Rao Sheela A
Bought by
Hagstrom Craig and Hagstrom Carol
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
Chen Wei Pin $2,450,000 Chicago Title
Pyne Daniel G $1,175,000 Chicago Title
Paragon Decision Resources Inc $1,175,000 Chicago Title
Booth Mark D $1,200,000 Transnation Title Insurance
Hagstrom Craig $850,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pyne Daniel G $650,000
Previous Owner Booth Mark D $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2018 04/26/18 Sold $2,450,000 -2.0% $495 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $2,500,000 -- $505 / 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 $21,771 $3,324,000 $1,654,000 $1,670,000
2023 $21,911 $3,182,000 $1,561,000 $1,621,000
2022 $19,592 $3,559,000 $1,756,000 $1,803,000
2021 $19,246 $2,660,000 $1,446,000 $1,214,000
2020 $17,880 $2,404,000 $1,378,000 $1,026,000
2018 $19,461 $2,324,000 $1,129,000 $1,195,000
2017 $16,435 $2,243,000 $1,086,000 $1,157,000
2016 $15,290 $2,019,000 $993,000 $1,026,000
2015 $14,733 $1,829,000 $899,000 $930,000
2014 -- $1,684,000 $831,000 $853,000
2013 -- $1,428,000 $814,000 $614,000
Source: Public Records

Agents Affiliated with this Home

  • Peggy Watkins

    Seller's Agent in 2018

    Peggy Watkins

    Coldwell Banker Bain

    (206) 679-5444

    18 Total Sales

    Peggy Watkins
    Section Image
  • Mark von der Burg

    Buyer's Agent in 2018

    Mark von der Burg

    Avenue Properties

    (425) 882-8821

    166 Total Sales

    Mark von der Burg
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1248876

Northwest Multiple Listing Service (NWMLS)

APN: 192405-9304

Washington King County Mercer Island 98040 Parkwood - Mercer Firs

5456 E Mercer Way, Mercer Island, WA

This home is located at 5456 E Mercer Way, Mercer Island, WA 98040 since 27 February 2018 and is currently estimated at $3,963,169, approximately $800 per square foot. This property was built in 1976. 5456 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.

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Based on information submitted to the MLS GRID

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