NOT LISTED FOR SALE

Estimated Value: $2,072,000 - $2,311,000

2 Beds
1 Bath
1,200 Sq Ft
$1,852/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $1,267,500 $1,056 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $13,617/month

28 Days on Market

Highlights

  • RV Access or Parking
  • Wooded Lot
  • 1 Fireplace
  • Island Park Elementary School Rated A
  • Wood Flooring
  • Detached Garage

About This Home

As of April 2017

Just one parcel back from the water, this nearly 3 acre Mercer Island sanctuary is offered for the first time in nearly a century. Largely untouched, serenity & sylvan beauty abound in this very private setting. A storybook cottage sits on a level clearing w/ natural woodlands rising behind. Adjoining 1+ acre waterfront parcel is also available. Fantastic location w/ top rated schools and easy access to I-90. A rare opportunity!

Last Listed By

Kelly Weisfield

COMPASS License #109428 Listed on: 02/10/2017

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1076098

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,516

Year Built

  • Built in 1923

Lot Details

  • Level Lot
  • Wooded Lot
  • Value in Land

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • RV Access or Parking

Community Details

  • East Mercer Community

Listing and Financial Details

  • Assessor Parcel Number 3024059005

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,516

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: French Doors
  • Floor Covering: Hardwood, Laminate
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 1200
  • Square Footage Finished: 1200

Exterior Features

  • Exterior: Wood
  • Roof: Metal

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • 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

Schools

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

Lot Info

  • Lot Details: Paved Street, Value In Land
  • Lot Sq Ft: 127089
  • Lot Topography Vegetation: Level, Partial Slope, Sloped, Steep Slope, Wooded
  • Parcel Number: 3024059005
  • Zoning Jurisdiction: City
  • Lot Topography: Level, Partial Slope, Sloped, Steep Slope, Wooded

Tax Info

  • Tax Amount: 9736

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Li Ma Revocable Living Trust and Ma Li
Bought by
Li Ma
Total Days on Market
28
Current Estimated Value
$2,222,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Outstanding Balance
$1,171,021
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,051,801

Purchase Details

Closed on
Nov 4, 2024
Sold by
City Of Mercer Island
Bought by
Mercer Island Open Space Conservancy Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Outstanding Balance
$1,171,021
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,051,801

Purchase Details

Closed on
Mar 15, 2024
Sold by
Ma Li
Bought by
Li Ma Revocable Living Truste and Ma

Purchase Details

Listed on
Feb 10, 2017
Closed on
Apr 20, 2017
Sold by
The Northern Trust Company and Welss John Douglas
Bought by
Ma Li
Seller's Agent
Kelly Weisfield
COMPASS
Buyer's Agent
Xia Cutter
DBW Private Brokerage LLC
List Price
$1,285,000
Sold Price
$1,267,500
Premium/Discount to List
-$17,500
-1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$753,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 10, 2017
Closed on
Mar 22, 2017
Sold by
Zhang Zongshun
Bought by
Ma Li
Seller's Agent
Kelly Weisfield
COMPASS
Buyer's Agent
Xia Cutter
DBW Private Brokerage LLC
List Price
$1,285,000
Sold Price
$1,267,500
Premium/Discount to List
-$17,500
-1.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 1, 2010
Sold by
Quarles Margaret L and Weiss John Douglas
Bought by
Quarles Margaret L and Weiss John Douglas

Purchase Details

Closed on
Dec 22, 2006
Sold by
Quarles Margaret L and Quarles Kenneth R
Bought by
City Of Mercer Island

Purchase Details

Closed on
Dec 19, 2003
Sold by
Quarles Margaret Engstrom and Quarles Kenneth R
Bought by
Quarles Margaret L and Quarles Kenneth R

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
Li Ma $313 None Listed On Document
Mercer Island Open Space Conservancy Trust $313 None Listed On Document
Li Ma Revocable Living Truste $313 None Listed On Document
Ma Li $1,267,500 Fidelity Natio
Ma Li -- Fidelity Natio
Quarles Margaret L -- None Available
City Of Mercer Island $300,000 Transnation Ti
Quarles Margaret L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ma Li $1,175,000
Previous Owner Ma Li $753,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2017 04/27/17 Sold $1,267,500 -1.4% $1,056 / Sq Ft
03/11/2017 03/11/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $1,285,000 -- $1,071 / 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 $15,516 $2,368,000 $1,936,000 $432,000
2023 $15,321 $2,224,000 $1,827,000 $397,000
2022 $13,706 $2,488,000 $2,056,000 $432,000
2021 $13,160 $1,860,000 $1,693,000 $167,000
2020 $12,766 $1,643,000 $1,613,000 $30,000
2018 $12,387 $1,581,000 $1,517,000 $64,000
2017 $10,465 $1,427,000 $1,372,000 $55,000
2016 $9,736 $1,285,000 $1,255,000 $30,000
2015 $9,384 $1,164,000 $1,136,000 $28,000
2014 -- $1,072,000 $1,050,000 $22,000
2013 -- $1,065,000 $1,064,000 $1,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1076098

Northwest Multiple Listing Service (NWMLS)

APN: 302405-9005