NOT LISTED FOR SALE

Estimated Value: $6,018,000 - $8,109,503

4 Beds
1 Bath
4,817 Sq Ft
$1,416/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $5,338,000 $1,108 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $41,268/month

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Deck
  • Island Park Elementary School Rated A
  • Lake View
  • 2 Fireplaces

About This Home

As of May 2020

This home is located at 5652 E Mercer Way, Mercer Island, WA 98040 since 28 May 2020 and is currently estimated at $6,818,876, approximately $1,415 per square foot. This property was built in 1956. 5652 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.

Last Listed By

Kelly Weisfield

COMPASS License #109428 Listed on: 05/28/2020

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1607689

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,553

Year Built

  • Built in 1956

Lot Details

  • Low Bank Waterfront Property
  • Partially Fenced Property
  • Sprinkler System

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement

Outdoor Features

  • Docks
  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Eastside Community

Listing and Financial Details

  • Assessor Parcel Number 1924059078

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,553

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 3
  • Bathrooms: 3.25
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Lower
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4817
  • Square Footage Finished: 4817

Exterior Features

  • Exterior: Wood
  • Roof: Composition
  • View: Lake, Mountain
  • Waterfront: Bank-Low
  • Waterfront Frontage: 109

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Eastside

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 25504
  • Parcel Number: 1924059078

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
May 20, 2020
Sold by
Lybeck Lory R and Lybeck Linda S
Bought by
Rosato Michael T and Rosato Ann H
Seller's Agent
Kelly Weisfield
COMPASS
Buyer's Agent
Sandy Nicholls
Windermere Real Estate/East
List Price
$5,338,000
Sold Price
$5,338,000
Total Days on Market
0
Current Estimated Value
$6,818,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,480,876
Avg. Annual Appreciation
6.50%
Original Mortgage
$4,269,866
Outstanding Balance
$3,808,233
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$3,486,709

Purchase Details

Closed on
Oct 8, 1997
Sold by
Bandy Gregory S and Bandy Charlotte N
Bought by
Lybeck Lory R and Lybeck Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6%

Purchase Details

Closed on
May 5, 1995
Sold by
Fowler W Berry and Fowler Anne S
Bought by
Bandy Gregory S and Bandy Charlotte N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,000
Interest Rate
7.46%

Purchase Details

Closed on
Aug 26, 1992
Sold by
Schiffman Steven P and Schiffman Laurie A
Bought by
Fowler W Berry

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
Rosato Michael T $5,338,000 Chicago Title
Lybeck Lory R $965,000 Chicago Title Ins Co
Bandy Gregory S $828,000 Chicago Title Insurance Co
Fowler W Berry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosato Michael T $4,269,866
Previous Owner Lybeck Lory R $395,000
Previous Owner Lybeck Lory R $417,000
Previous Owner Lybeck Lory R $1,500,000
Previous Owner Lybeck Lory R $995,000
Previous Owner Lybeck Lory R $400,000
Previous Owner Bandy Gregory S $499,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold $5,338,000 0.0% $1,108 / Sq Ft
05/28/2020 05/28/20 For Sale $5,338,000 -- $1,108 / 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 $41,553 $6,347,000 $4,074,000 $2,273,000
2023 $39,984 $5,809,000 $3,844,000 $1,965,000
2022 $35,744 $6,496,000 $4,325,000 $2,171,000
2021 $34,307 $4,855,000 $3,560,000 $1,295,000
2020 $34,851 $4,287,000 $3,391,000 $896,000
2018 $35,277 $4,214,000 $3,034,000 $1,180,000
2017 $30,790 $4,067,000 $2,918,000 $1,149,000
2016 $28,638 $3,784,000 $2,668,000 $1,116,000
2015 $27,591 $3,427,000 $2,415,000 $1,012,000
2014 -- $3,155,000 $2,232,000 $923,000
2013 -- $3,298,000 $2,486,000 $812,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1607689

Northwest Multiple Listing Service (NWMLS)

APN: 192405-9078