Listed by Windermere Real Estate/East, Bought with John L. Scott, Inc.
$1,250,000
SOLD FEB 29, 2016
-- Bed
-- Bath
2,950 Sq Ft
0.29 Acres

Recently Sold

$424 Per Sq Ft

14% Above List Price

4 Days on Market

Highlights

  • Lake View
  • Deck
  • Secluded Lot
  • West Mercer Elementary School Rated A
  • Contemporary Architecture
  • 2 Fireplaces

About This Home

As of September 2021

The value is in the land but what land! Build the home of your dreams in this dream setting: First Hill on Mercer Island. Beautiful lake, city and mountain views! And the sunsets! Amazing! There is even a view of Seward Park! Great 12,500 sq. ft. lot. including a side lot off of 34th St. that could be used as access to the property. Minutes to I-90; Downtown Seattle and Bellevue. Award winning schools!

Last Agent to Sell the Property

Sheri Butler

Windermere Real Estate/East License #17427 Listed on: 01/28/2016

Windermere Real Estate/East

Co-Listed By

Matthew Stapleton

Windermere Real Estate/East License #25767

Last Buyer's Agent

Lori Holden

John L. Scott, Inc. License #24368

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM888379

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,563

Year Built

  • Built in 1961

Lot Details

  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot
  • Value in Land

Parking

  • Detached Garage

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Natural lighting in basement

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • First Hill Community

Listing and Financial Details

  • Assessor Parcel Number 9350900035

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,563

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Approved Number of Bedrooms: 3
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight
  • Estimated Sq Ft: 2950
  • Square Footage Finished: 2950

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: City, Lake, Mountain

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Puget Sound
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Basement-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: First Hill

Schools

  • Elementary School: West Mercer Elem
  • Middle School: Isler Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Paved Street, Secluded, Value In Land
  • Lot Sq Ft: 12500
  • Lot Topography Vegetation: Level, Partial Slope
  • Parcel Number: 9350900035
  • Zoning Jurisdiction: City
  • Lot Topography: Level, Partial Slope

Tax Info

  • Tax Amount: 3323

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 8, 2021
Sold by
Schell Troy and Schell Shannon
Bought by
Mody Viraj and Shah Mansi
Seller's Agent
Jay Agoado
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Loren Ellingson
Redfin
List Price
$4,300,000
Sold Price
$4,605,000
Premium/Discount to List
$305,000
7.09%
Current Estimated Value
$4,951,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,589
Avg. Annual Appreciation
1.92%
Original Mortgage
$3,453,750
Outstanding Balance
$3,172,471
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,779,118

Purchase Details

Closed on
Dec 18, 2017
Sold by
Rkk Constructions Inc
Bought by
Schell Troy and Schell Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,040,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 28, 2016
Closed on
Feb 19, 2016
Sold by
Jackson Betty J
Bought by
Rkk Construction Inc
Seller's Agent
Sheri Butler
Windermere Real Estate/East
Buyer's Agent
Lori Holden
John L. Scott, Inc.
List Price
$1,100,000
Sold Price
$1,250,000
Premium/Discount to List
$150,000
13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.81%
Original Mortgage
$780,000
Interest Rate
3.92%
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 $4,605,000 Ticor Title
Warranty Deed $3,467,243 Fidelity National Title
Warranty Deed $1,250,000 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,453,750 New Conventional
Closed $4,542,000 Stand Alone Second
Previous Owner $1,947,000 New Conventional
Previous Owner $1,956,800 New Conventional
Previous Owner $2,040,000 New Conventional
Previous Owner $2,112,500 Commercial
Previous Owner $780,000 Purchase Money Mortgage
Previous Owner $400,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $4,605,000 +7.1% $880 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $4,300,000 +244.0% $822 / Sq Ft
02/29/2016 02/29/16 Sold $1,250,000 +13.6% $424 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $1,100,000 -- $373 / 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 $28,563 $4,362,000 $1,502,000 $2,860,000
2023 $28,205 $4,097,000 $1,417,000 $2,680,000
2022 $25,221 $4,582,000 $1,594,000 $2,988,000
2021 $23,093 $3,425,000 $1,312,000 $2,113,000
2020 $23,358 $2,885,000 $1,250,000 $1,635,000
2018 $14,918 $3,049,000 $974,000 $2,075,000
2017 $8,293 $1,719,000 $881,000 $838,000
2016 $3,238 $1,018,000 $806,000 $212,000
2015 $3,323 $922,000 $730,000 $192,000
2014 -- $849,000 $675,000 $174,000
2013 -- $681,000 $596,000 $85,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM888379

Northwest Multiple Listing Service (NWMLS)

APN: 935090-0035