Listed by Windermere Real Estate/East, Bought with COMPASS
$28,500,000
SOLD OCT 17, 2024

7002 N Mercer Way Mercer Island, WA 98040

5 Beds
8 Baths
10,030 Sq Ft
1.25 Acres

Recently Sold

$2,841 Per Sq Ft

16% Below List Price

275 Days on Market

Highlights

  • Boathouse
  • Low Bank Waterfront Property
  • Second Kitchen
  • Northwood Elementary School Rated A
  • Docks
  • Wine Cellar

About This Home

As of October 2024

One of the most significant waterfront properties of our time has come available. Presenting 1.25 acres on Mercer Island's coveted Northend w/ 210 front ft & a 143 ft seaplane/yacht style dock. A Stephen Sullivan Long Island Shingle that truly embraces the architecture of NE coastal tradition. Exquisite craftsmanship & refined spaces flow to stone patios overlooking the most epic of sprawling lawns. A Great Room w/soaring ceiling & Epicurean’s dream kitchen. Dutch doors to veggie/flower garden. Rich paneled library opens to covered cigar porch. Poolside guest house boasts indoor & outdoor kitchens. 2 offices, 2 butler’s pantries, 3 laundry rms, billiard rm, wine cellar, putting green & boat house. Garage/indoor sport court w/ADU potential.

Last Agent to Sell the Property

Joan Bayley

Windermere Real Estate/East License #38768

Windermere Real Estate/East

Last Buyer's Agent

Amy Morrison

COMPASS License #132290

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2176327

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $149,812

Year Built

  • Built in 2001

Lot Details

  • 1.25 Acre Lot
  • Low Bank Waterfront Property
  • 210 Feet of Waterfront
  • North Facing Home
  • Dog Run
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in very good condition

Parking

  • 3 Car Detached Garage

Property Views

  • Lake
  • City

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 10,030 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Skylights
  • 7 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Wine Cellar
  • Dining Room
  • Loft
  • Finished Basement

Kitchen

  • Second Kitchen
  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Stone

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Bathroom on Main Level
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Spa
  • Boathouse
  • Docks
  • Deck
  • Gazebo

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Central Air
  • Radiant Heating System
  • Smart Home Wiring
  • Generator Hookup
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • North End Subdivision

Listing and Financial Details

  • Assessor Parcel Number 103123RES

Home Details

Home Type

Single Family

Est. Annual Taxes

$149,812

Year Built

Built in 2001

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 2001
  • Buyer Agency Compensation: 1.25
  • Inclusions: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 10030
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 624

Interior Features

  • Fireplaces: 7
  • Basement: Finished
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Stone, Carpet
  • Interior Amenities: Second Kitchen, Bath Off Primary, Built-In Vacuum, Double Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, Hardwood, High Tech Cabling, Hot Tub/Spa, Loft, Security System, Skylight(s), SMART Wired, Walk-In Pantry, Wall to Wall Carpet, Wet Bar, Wine Cellar, Wired for Generator
  • Living Area: 10030
  • Main Level Bathrooms: 2
  • Bathrooms: 6.25
  • BathsFullMain: 0
  • FireplacesMain: 5
  • SquareFootageFinished: 10030
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 3
  • BathsHalfGarage: 0
  • BathsHalfLower: 1
  • BathsHalfMain: 2
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesLower: 1
  • FireplacesUpper: 1

Exterior Features

  • Roof: Cedar Shake
  • View: City, Lake
  • Lot Features: Paved
  • Pool Features: In Ground
  • View: Yes
  • Waterfront Features: Bank-Low
  • Waterfront: Yes
  • Direction Faces: North
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • ConstructionMethods: Standard Frame
  • PoolType: In-Ground
  • WaterfrontFootage: 210

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced, SecurityGate, SecuritySystem
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 103123RES
  • Topography: Level,Partial Slope,Rolling,Terraces
  • Land Lease: No
  • Lot Size Acres: 1.2462
  • Lot Size Sq Ft: 54286
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Boat House,Cabana/Gazebo,Cable TV,Deck,Dock,Dog Run,Fenced-Fully,Gas Available,Gated Entry,High Speed Internet,Hot Tub/Spa,Irrigation,Moorage,Sprinkler System
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: architectural plans
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas, See Remarks

Tax Info

  • Year: 2023
  • Tax Annual Amount: 149812

Multi Family

  • EnergySource: Natural Gas,See Remarks

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2024 10/17/24 Sold $28,500,000 -15.9% $2,841 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
10/31/2023 10/31/23 For Sale $33,900,000 -- $3,380 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $145,207 $22,187,000 $14,425,000 $7,762,000
2023 $143,359 $20,835,000 $13,609,000 $7,226,000
2022 $133,430 $24,258,000 $15,309,000 $8,949,000
2021 $128,051 $18,130,000 $12,600,000 $5,530,000
2020 $121,024 $16,007,000 $12,000,000 $4,007,000
2018 $125,584 $15,005,000 $11,261,000 $3,744,000
2017 $109,606 $14,482,000 $10,828,000 $3,654,000
2016 $101,935 $13,474,000 $9,898,000 $3,576,000
2015 $98,193 $12,202,000 $8,958,000 $3,244,000
2014 -- $11,232,000 $8,280,000 $2,952,000
2013 -- $10,818,000 $6,175,000 $4,643,000
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $4,205,477 Stand Alone Refi Refinance Of Original Loan
Closed $7,000,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed -- Transnation Title Insurance
Quit Claim Deed -- Chicago Title Insurance Co
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2176327

Northwest Multiple Listing Service (NWMLS)

APN: 735570-0046