NOT LISTED FOR SALE

Estimated Value: $2,373,000 - $3,095,000

4 Beds
3 Baths
3,560 Sq Ft
$791/Sq Ft Est. Value

Last Sold April 29, 2020

Last sale price $2,100,000 $590 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $16,965/month

4 Days on Market

Highlights

  • Waterfront Community
  • Lake View
  • Northwest Architecture
  • Island Park Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of April 2020

You found it! Just one house up from the lake, this light & bright, remodeled NW Contemporary has it all. Vaulted ceilings & walls of windows w/ VIEWS! Huge entertaining deck over large, level play lawn..scene of the best parties. Steps to private community watrfrnt beach. Top of the line kitchen w/ high-end appliances, stone counters, newly refinished walnut floors. Tons of upgrades. Luxurious master suite w/ spacious bath, frpl. 4 add'l BR's down with massive rec rm. Hurry-this one is special!

Last Listed By

Kelly Weisfield

COMPASS License #109428 Listed on: 03/13/2020

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1577930

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,163

Year Built

  • Built in 1970

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is zoned R15

Parking

  • Attached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Northwest Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2154500040

Community Details

Overview

  • East Mercer Community

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,163

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, French Doors, High Tech Cabling, Jetted Tub, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 3
  • Bathrooms: 2.50
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3560
  • Square Footage Finished: 3560

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Territorial

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air, High Efficiency (Unspecified)
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: East Mercer
  • Community Features: Community Waterfront/Pvt Beach

Schools

  • Elementary School: Island Park Elem
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 15002
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 2154500040
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 13877

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Apr 22, 2020
Sold by
Lamb Juhe D and Lamb Andrew K
Bought by
Germack Mark E and Germack Ji Young
Seller's Agent
Kelly Weisfield
COMPASS
Buyer's Agent
Greg Rosenwald
COMPASS
List Price
$1,998,000
Sold Price
$2,100,000
Premium/Discount to List
$102,000
5.11%
Total Days on Market
4
Current Estimated Value
$2,817,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$717,078
Avg. Annual Appreciation
6.94%
Original Mortgage
$1,680,000
Outstanding Balance
$1,515,678
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,429,894

Purchase Details

Listed on
Sep 18, 2012
Closed on
Oct 12, 2012
Sold by
Nakao Kevin C and Kato Ami J
Bought by
Lam Julie D and Lamb Andrew K
Seller's Agent
Jane Jelinek Harrison
Coldwell Banker Bain
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$999,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2005
Sold by
Sorknes Gregory K
Bought by
Nakao Kevin C and Kato Ami J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$723,750
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 28, 2000
Sold by
Sorknes Gregory K
Bought by
Sorknes Gregory K

Purchase Details

Closed on
Jan 27, 1998
Sold by
Sorknes Suzanne S
Bought by
Sorknes Gregory K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
7.25%

Purchase Details

Closed on
Sep 12, 1996
Sold by
Kalnasy Glenn
Bought by
Sorknes Gregory K and Sorknes Suzanne S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,000
Interest Rate
3.95%

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
Germack Mark E $2,100,000 None Available
Lam Julie D $1,200,000 Chicago Title
Nakao Kevin C $965,000 Transnation Ti
Sorknes Gregory K -- --
Sorknes Gregory K -- Fidelity National Title
Sorknes Gregory K $592,500 Chicago Title Insurance Co
Kalnasy Glenn -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Germack Mark E $1,680,000
Previous Owner Lamb Julie D $500,000
Previous Owner Lam Julie D $999,500
Previous Owner Nakao Kevin C $723,750
Previous Owner Sorknes Gregory K $462,000
Previous Owner Sorknes Gregory K $474,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2020 04/29/20 Sold $2,100,000 +5.1% $590 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $1,998,000 +66.5% $561 / Sq Ft
10/22/2012 10/22/12 Sold $1,200,000 0.0% $337 / Sq Ft
09/20/2012 09/20/12 Pending -- -- --
09/18/2012 09/18/12 For Sale $1,200,000 -- $337 / 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 $16,163 $2,467,000 $1,390,000 $1,077,000
2023 $15,960 $2,317,000 $1,312,000 $1,005,000
2022 $13,911 $2,592,000 $1,476,000 $1,116,000
2021 $13,351 $1,888,000 $1,215,000 $673,000
2020 $14,904 $1,667,000 $1,158,000 $509,000
2018 $14,458 $1,846,000 $1,154,000 $692,000
2017 $12,213 $1,666,000 $1,044,000 $622,000
2016 $11,364 $1,500,000 $955,000 $545,000
2015 $10,913 $1,359,000 $865,000 $494,000
2014 -- $1,247,000 $800,000 $447,000
2013 -- $1,077,000 $677,000 $400,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1577930

Northwest Multiple Listing Service (NWMLS)

APN: 215450-0040