NOT LISTED FOR SALE

5602 E Mercer Way Mercer Island, WA 98040

Parkwood - Mercer Firs Neighborhood

Estimated Value: $2,385,000 - $3,019,000

4 Beds
3 Baths
1,770 Sq Ft
$1,485/Sq Ft Est. Value

About This Home

This home is located at 5602 E Mercer Way, Mercer Island, WA 98040 and is currently estimated at $2,629,169, approximately $1,485 per square foot. 5602 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 1995
Sold by
Sanborn William L
Bought by
Chamberlain Gene and Falkner Sharon K
Current Estimated Value
$2,629,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
7.38%

Purchase Details

Closed on
Sep 18, 1995
Sold by
Lightfoot William G and Lightfoot William Glenn
Bought by
Westby Donald D and Westby Faye L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
6%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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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
Chamberlain Gene $360,000 --
Westby Donald D $80,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chamberlain Gene $362,800
Closed Chamberlain Gene $100,000
Closed Chamberlain Gene $10,000
Closed Chamberlain Gene $321,500
Closed Chamberlain Gene $280,000
Closed Chamberlain Norman Gene $280,000
Closed Chamberlain Gene $50,000
Closed Chamberlain Gene $203,150
Previous Owner Westby Donald D $59,000
Source: Public Records

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 $15,541 $2,372,000 $1,557,000 $815,000
2023 $15,347 $2,228,000 $1,469,000 $759,000
2022 $13,727 $2,492,000 $1,653,000 $839,000
2021 $13,175 $1,863,000 $1,361,000 $502,000
2020 $15,630 $1,645,000 $1,297,000 $348,000
2018 $15,161 $1,936,000 $1,365,000 $571,000
2017 $12,278 $1,747,000 $1,235,000 $512,000
2016 $11,423 $1,508,000 $1,129,000 $379,000
2015 $11,009 $1,366,000 $1,022,000 $344,000
2014 -- $1,258,000 $945,000 $313,000
2013 -- $1,031,000 $779,000 $252,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Parkwood - Mercer Firs

5602 E Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 5602 E Mercer Way, Mercer Island, WA 98040 and is currently estimated at $2,629,169, approximately $1,485 per square foot. 5602 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.

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