NOT LISTED FOR SALE

7033 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $4,334,000 - $6,241,000

6 Beds
5 Baths
3,250 Sq Ft
$1,654/Sq Ft Est. Value

About This Home

This home is located at 7033 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $5,375,997, approximately $1,654 per square foot. 7033 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2021
Sold by
Burks and Alyson
Bought by
Revocable Trust and Burks Alyson Ryder
Current Estimated Value
$5,375,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Outstanding Balance
$900,079
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$4,748,066

Purchase Details

Closed on
Sep 18, 2012
Sold by
Merrell Robert Bruce and Merrell Lynne
Bought by
Burks Justin and Burks Alyson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,134,000
Interest Rate
2.87%

Purchase Details

Closed on
Jul 28, 1983
Sold by
Bridenbaugh Jr Lloyd D and Bridenbaugh Nancy C
Bought by
Merrell Robert Bruce and Merrell Lynne
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Revocable Trust $313 Lane Powell Pc
Burks Justin $1,640,000 Chicago Title
Merrell Robert Bruce $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Revocable Trust $972,000
Previous Owner Burks Justin $1,000,000
Previous Owner Burks Justin $1,134,000
Previous Owner Merrell Robert B $250,000
Source: Public Records

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 $29,421 $4,493,000 $3,107,000 $1,386,000
2023 $29,602 $4,300,000 $2,932,000 $1,368,000
2022 $25,795 $4,809,000 $3,299,000 $1,510,000
2021 $25,853 $3,503,000 $2,716,000 $787,000
2020 $28,149 $3,230,000 $2,587,000 $643,000
2018 $27,309 $3,489,000 $2,312,000 $1,177,000
2017 $23,064 $3,148,000 $2,091,000 $1,057,000
2016 $21,455 $2,834,000 $1,912,000 $922,000
2015 $20,668 $2,567,000 $1,731,000 $836,000
2014 -- $2,363,000 $1,600,000 $763,000
2013 -- $1,736,000 $1,462,000 $274,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Island Point

7033 W Mercer Way, Mercer Island, WA

This home is located at 7033 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $5,375,997, approximately $1,654 per square foot. 7033 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.

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