$3,900,000
SOLD SEP 16, 2021
4 Beds
1 Bath
2,260 Sq Ft
0.47 Acres

Recently Sold

$1,726 Per Sq Ft

20% Below List Price

87 Days on Market

Highlights

  • Docks
  • Lake View
  • Secluded Lot
  • Island Park Elementary School Rated A
  • Deck
  • Traditional Architecture

About This Home

As of September 2021

Rare opportunity to own 89ft No Bank Waterfront and Private deep water dock for your Yacht, boats, jetskis & fishing.The dock is located at the protrusion of Mercer Island allowing an unobstructed view of the water, Mount Rainier and crack of dawn. Enjoy the 4000sq private beach with friends. The seller has 3 out of 4 permits (including the building permit) to rebuild the new dock the last one is on its way, the new dock will be in similar dimensions as the current dock which is grandfathered in (about 1,300sq dock) is much larger than the current city code allows. Come build your dream home, city code allow 40% of land as impervious surface, can get 7000sq+ new house, come to enjoy your large 1/2ac waterfront flat lot with luxurious living

Last Agent to Sell the Property

Dien Le

Skyline Properties, Inc. License #16757 Listed on: 04/27/2021

Skyline Properties, Inc.

Last Buyer's Agent

Joan Bayley

Windermere Real Estate/East License #38768

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1764187

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,056

Year Built

  • Built in 1957

Lot Details

  • Street terminates at a dead end
  • Secluded Lot
  • Property is zoned r-15

Parking

  • Detached Carport Space

Property Views

  • Lake
  • Mountain

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 3024059118

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,056

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Traditional
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Master Br
  • Floor Covering: Hardwood
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 4
  • Bathrooms: 3.25
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Three Quarter Bathrooms Main: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Kitchen: Main
  • Estimated Sq Ft: 2260
  • Square Footage Finished: 2260

Exterior Features

  • Exterior: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain
  • Waterfront: No Bank
  • Waterfront Frontage: 89

Garage/Parking

  • Parking Type: Carport-Detached

Utilities

  • Heating And Cooling: Forced Air
  • Sewer: Sewer Connected
  • Water Heater: basement-electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island

Schools

  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Secluded
  • Lot Sq Ft: 20557
  • Parcel Number: 3024059118
  • Zoning Code: r-15
  • Zoning Jurisdiction: City

Tax Info

  • Tax Amount: 23525

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2016
Closed on
Mar 3, 2017
Sold by
Wang Wenxue and Sun Jie
Bought by
Simpson Tyler G and Simpson Andrea D
Seller's Agent
Jonathan Smith
Homes & Equity Real Estate Grp
Buyer's Agent
Lili Shang
Marketplace Sotheby's Intl Rty
List Price
$2,299,900
Sold Price
$2,300,000
Premium/Discount to List
$100
0.004%
Current Estimated Value
$6,384,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,084,189
Avg. Annual Appreciation
11.73%
Original Mortgage
$1,900,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Aug 8, 2016
Closed on
Feb 28, 2017
Sold by
Kunovsky Shari
Bought by
Wang Wenxue
Seller's Agent
Jonathan Smith
Homes & Equity Real Estate Grp
Buyer's Agent
Lili Shang
Marketplace Sotheby's Intl Rty
List Price
$2,299,900
Sold Price
$2,300,000
Premium/Discount to List
$100
0.004%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 26, 2005
Sold by
West Ellen L
Bought by
Kunovsky Shari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $3,900,000 Chicago Title Company Of Wa
Warranty Deed $2,300,000 Fidelity Natio
Personal Reps Deed $2,300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,623,000 New Conventional
Closed $1,900,000 New Conventional
Previous Owner $1,900,000 Credit Line Revolving
Previous Owner $350,000 Credit Line Revolving
Previous Owner $2,030,000 Negative Amortization
Previous Owner $208,000 Credit Line Revolving
Previous Owner $1,840,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $3,900,000 -20.4% $1,726 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $4,900,000 +113.0% $2,168 / Sq Ft
03/17/2017 03/17/17 Sold $2,300,000 0.0% $1,018 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $2,299,900 -- $1,018 / 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 $58,056 $8,869,000 $3,334,000 $5,535,000
2023 $27,538 $4,015,000 $3,146,000 $869,000
2022 $24,507 $4,490,000 $3,539,000 $951,000
2021 $23,525 $3,328,000 $2,913,000 $415,000
2020 $21,929 $2,939,000 $2,775,000 $164,000
2018 $23,875 $2,851,000 $2,726,000 $125,000
2017 $20,160 $2,752,000 $2,622,000 $130,000
2016 $18,757 $2,477,000 $2,397,000 $80,000
2015 $18,072 $2,244,000 $2,170,000 $74,000
2014 -- $2,066,000 $2,006,000 $60,000
2013 -- $1,738,000 $1,686,000 $52,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1764187

Northwest Multiple Listing Service (NWMLS)

APN: 302405-9118