NOT LISTED FOR SALE

7027 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,195,000 - $3,660,000

5 Beds
2 Baths
4,030 Sq Ft
$753/Sq Ft Est. Value

Last Sold May 08, 2018

Last sale price $1,740,000 $432 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $17,471/month

8 Days on Market

Highlights

  • Lake View
  • Fruit Trees
  • Wood Flooring
  • Lakeridge Elementary School Rated A
  • Deck
  • 3 Fireplaces

About This Home

As of May 2018

Paradise on Pear Tree Lane! Tucked down a quiet lane off of West Mercer, a spectacular jewel awaits. From the fragrant blooms of the gardens that welcome you, to the sensational Western lake views, this home will delight you at every turn. This true 60’s classic has been transformed into a modern beauty while retaining the Mid-Century Modern charm. 5BR/2.5BA with walls of windows and gorgeous views. Room for everyone & everything. Sunny shy half-acre lot with room to garden and play.

Last Agent to Sell the Property

Greg Rosenwald

COMPASS License #79606 Listed on: 03/20/2018

COMPASS

Last Buyer's Agent

Paula Holtzclaw

Coldwell Banker Bain License #85988

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1258866

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,497

Year Built

  • Built in 1960

Lot Details

  • Partially Fenced Property
  • Sprinkler System
  • Fruit Trees
  • Garden

Parking

  • Attached Carport

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 3 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • West Mercer Community

Listing and Financial Details

  • Assessor Parcel Number 2524049172

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,497

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Disabled Access, High Tech Cabling, Skylights
  • Floor Covering: Ceramic Tile, Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 3
  • Lower Level Bedroom: 2
  • Bathrooms: 2.50
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4030
  • Square Footage Finished: 4030

Exterior Features

  • Exterior: Wood
  • Foundation: Slab
  • Roof: Flat
  • View: Lake, Mountain, Territorial

Garage/Parking

  • Parking Type: Carport-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: West Mercer

Schools

  • Elementary School: Lakeridge Elem
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 20675
  • Lot Topography Vegetation: Fruit Trees, Garden Space
  • Parcel Number: 2524049172
  • Lot Topography: Fruit Trees, Garden Space

Tax Info

  • Tax Amount: 11905

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2020
Sold by
Proctor Adrian R M and Proctor Lucinda C
Bought by
Richardson Giles and Richardson Keeley Jayne
Total Days on Market
8
Current Estimated Value
$3,032,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,462,500
Outstanding Balance
$1,312,520
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,720,373

Purchase Details

Listed on
Mar 20, 2018
Closed on
May 3, 2018
Sold by
Davis Robert R and Davis Suzanne L
Bought by
Proctor Adrian R M and Proctor Lucinda C
Seller's Agent
Greg Rosenwald
COMPASS
Buyer's Agent
Paula Holtzclaw
Coldwell Banker Bain
List Price
$1,758,000
Sold Price
$1,740,000
Premium/Discount to List
-$18,000
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%
Original Mortgage
$1,850,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2018
Sold by
Witrak Bonnie J
Bought by
Davis Robert R and Davis Suzanne L
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 Buyer Sale Price Title Company
Richardson Giles $1,950,000 Fidelity National Title
Proctor Adrian R M $1,740,000 First American Title Insuran
Davis Robert R -- None Available
Witrak Bonnie J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richardson Giles $1,462,500
Previous Owner Witrak Bonnie J $1,850,000
Previous Owner Proctor Adrian R M $1,392,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2018 05/08/18 Sold $1,740,000 -1.0% $432 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $1,758,000 -- $436 / 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 $16,497 $2,518,000 $1,624,000 $894,000
2023 $16,290 $2,365,000 $1,533,000 $832,000
2022 $12,939 $2,645,000 $1,725,000 $920,000
2021 $12,423 $1,756,000 $1,420,000 $336,000
2020 $12,197 $1,551,000 $1,353,000 $198,000
2018 $11,918 $1,511,000 $1,000,000 $511,000
2017 $10,066 $1,373,000 $914,000 $459,000
2016 $9,368 $1,236,000 $836,000 $400,000
2015 $9,025 $1,120,000 $757,000 $363,000
2014 -- $1,031,000 $700,000 $331,000
2013 -- $1,004,000 $732,000 $272,000
Source: Public Records

Agents Affiliated with this Home

  • Greg Rosenwald

    Seller's Agent in 2018

    Greg Rosenwald

    COMPASS

    (206) 230-5445

    11 in this area

    130 Total Sales

    Greg Rosenwald
    Section Image

  • P

    Buyer's Agent in 2018

    Paula Holtzclaw

    Coldwell Banker Bain

    5 in this area

    37 Total Sales

    Paula Holtzclaw
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1258866

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9172

Washington King County Mercer Island 98040 Island Point

7027 W Mercer Way, Mercer Island, WA

This home is located at 7027 W Mercer Way, Mercer Island, WA 98040 since 20 March 2018 and is currently estimated at $3,032,893, approximately $752 per square foot. This property was built in 1960. 7027 W Mercer Way is a home located in King County with nearby schools including Lakeridge Elementary School, Islander Middle School, and Mercer Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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