Listed by COMPASS, Bought with Windermere Mercer Island
NOT LISTED FOR SALE

6761 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,112,000 - $9,406,000

3 Beds
3 Baths
4,580 Sq Ft
$1,568/Sq Ft Est. Value

Last Sold May 22, 2013

Last sale price $3,500,000 $764 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $42,226/month

356 Days on Market

About This Home

As of May 2013

Earth, Sea & Sky on Mercer Island. Falling water greets you at this Zen-like retreat. A collaboration of an earthly palette & rich textures on over 1/3 of an acre with 100 ft of waterfront. A floor to ceiling fireplace dressed in Jura Beige limestone. Beautiful walnut hardwoods. A true epicurean kitchen rivals any cooking show set. Smart home automation allows for complete customization. The master suite offers a restful retreat. Clean, graceful lines & prized waterfront. Alluring in every way.

Last Agent to Sell the Property

Tere Foster

COMPASS License #7690 Listed on: 03/23/2012

COMPASS

Last Buyer's Agent

Larry Williams

Windermere Mercer Island License #74738

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM334770

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$52,854

Year Built

2006

Lot Details

0

Listing Details

  • Condition: Very Good
  • Special Features: None
  • Year Built: 2006

Interior Features

  • Basement: Daylight, Fully Finished
  • Features: Wet Bar, Wired for Generator, Bath Off Master, Double Pane/Storm Window, Dining Room, High Tech Cabling, Security System, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 1
  • Floor: Bamboo/Cork, Hardwood, Wall to Wall Carpet

Exterior Features

  • Exterior: Stone, Wood
  • Foundation: Poured Concrete
  • Lot Details: Paved Street
  • Roof: Tile
  • Site Features: Cable TV, Deck, Dock, Full Fence, Natural Gas Available, High Speed Internet, Patio, Shop, Sprinkler System
  • View: Lake
  • Waterfront: Low Bank, Bulkhead, Lake
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Type: Garage-Attached, Off Street
  • Total Covered Spaces: 2

Utilities

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Central A/C, Heat Pump, Radiant
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2017
Sold by
Vedder Nicholas B and Heckbert Susan R
Bought by
Vedder Nicholas B and Heckbert Susan R
Current Estimated Value
$7,183,015

Purchase Details

Listed on
Mar 23, 2012
Closed on
May 20, 2013
Sold by
Ismon Joyce and Ismon Joyce M
Bought by
Vedder Nicholas B and Heckbert Susan R
Seller's Agent
Tere Foster
COMPASS
Buyer's Agent
Larry Williams
Windermere Mercer Island
List Price
$3,500,000
Sold Price
$3,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$1,750,000
Outstanding Balance
$363,337
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$6,819,678

Purchase Details

Closed on
Aug 30, 2005
Sold by
Hanson Robert C and Hanson Victoria M
Bought by
Ismon Tom and Ismon Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,632,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Vedder Nicholas B -- None Available
Vedder Nicholas B $3,500,000 Chicago Title
Ismon Tom $3,290,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vedder Nicholas B $1,750,000
Previous Owner Ismon Tom $2,632,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2013 05/22/13 Sold $3,500,000 0.0% $764 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
03/23/2012 03/23/12 For Sale $3,500,000 -- $764 / 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 $52,854 $8,074,000 $4,953,000 $3,121,000
2023 $52,181 $7,582,000 $4,673,000 $2,909,000
2022 $45,435 $8,479,000 $5,257,000 $3,222,000
2021 $43,610 $6,172,000 $4,327,000 $1,845,000
2020 $40,558 $6,073,000 $4,121,000 $1,952,000
2018 $42,084 $5,027,000 $3,850,000 $1,177,000
2017 $41,933 $4,852,000 $3,702,000 $1,150,000
2016 $39,004 $4,515,000 $3,384,000 $1,131,000
2015 $37,573 $4,668,000 $3,063,000 $1,605,000
2014 -- $4,297,000 $2,831,000 $1,466,000
2013 -- $3,580,000 $2,702,000 $878,000
Source: Public Records

Agents Affiliated with this Home

  • Tere Foster

    Seller's Agent in 2013

    Tere Foster

    COMPASS

    (425) 637-8373

    2 in this area

    389 Total Sales

    Tere Foster
    Section Image
  • Larry Williams

    Buyer's Agent in 2013

    Larry Williams

    Windermere Corporate

    (425) 445-9870

    2 in this area

    10 Total Sales

    Larry Williams
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM334770

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9248

Washington King County Mercer Island 98040 Island Point

6761 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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Based on information submitted to the MLS GRID

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