NOT LISTED FOR SALE

Estimated Value: $5,506,000 - $8,475,303

5 Beds
5 Baths
5,490 Sq Ft
$1,285/Sq Ft Est. Value

Last Sold August 21, 2019

Last sale price $4,800,000 $874 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $41,121/month

45 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Lake View
  • Northwood Elementary School Rated A
  • Indoor Pool
  • Deck

About This Home

As of August 2019

Rare North End home with 82+ ft of waterfront is sited on half acre. This home is a shell and is ready for restoration and 900 sf addition. Plans/permits are ready for the new owner. Private gated drive leads to lush landscaping and water's edge cabana for summer gatherings. You will love the timeless Modern design that exudes sophistication with soaring ceilings. U shaped covered dock with deep water moorage. You will LOVE living in the coveted North Shore. Ready for your contractor.

Last Agent to Sell the Property

Linda Wagner

Windermere Real Estate/PSR Inc License #2139 Listed on: 06/10/2019

Windermere Real Estate/PSR Inc

Co-Listed By

Keith Nyberg

Windermere RE/MV Enumclaw License #1951

Last Buyer's Agent

Alice On

Wonderland Real Estate License #24226

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1469656

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,243

Year Built

  • Built in 1991

Lot Details

  • Low Bank Waterfront Property
  • Open Space
  • Gated Home
  • Partially Fenced Property
  • Secluded Lot
  • Terraced Lot
  • Sprinkler System
  • Drought Tolerant Landscaping

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Tile Roof
  • Stucco

Interior Spaces

  • 3 Fireplaces
  • Lake Views
  • Microwave
  • Dryer
  • Rough-In Basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • Attached Garage
  • Off-Street Parking

Outdoor Features

  • Indoor Pool
  • Docks
  • Deck
  • Patio
  • Gazebo

Community Details

  • North End Community

Listing and Financial Details

  • Assessor Parcel Number 5315100033

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,243

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 15 - Multi Level
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wine Cellar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Sauna, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dryer, Microwave
  • Bedrooms: 5.00
  • Lower Level Bedroom: 1
  • Bathrooms: 5.00
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 4
  • Total Half Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 2
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Roughed In
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 5490
  • Square Footage Unfinished: 5440

Exterior Features

  • Exterior: Stucco
  • Foundation: Poured Concrete
  • Roof: Tile
  • View: Lake
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 85
  • Pool: Indoor

Garage/Parking

  • Parking Type: Garage-Attached, Off Street
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Central A/C, Heat Pump
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Garage?-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: North End
  • Project: Mc Gilvras Island

Schools

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

Lot Info

  • Lot Number: See Attached Legal
  • Lot Details: Curbs, Drought Res Landscpe, Open Space, Paved Street, Secluded
  • Lot Sq Ft: 24754
  • Lot Topography Vegetation: Partial Slope, Terraces
  • Parcel Number: 5315100033
  • Zoning Code: Residential
  • Zoning Jurisdiction: City
  • Lot Topography: Partial Slope, Terraces

Tax Info

  • Tax Amount: 49179

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2019
Closed on
Aug 15, 2019
Sold by
Politte Dan L
Bought by
Chan Ho Fung
Seller's Agent
Linda Wagner
Windermere Real Estate/PSR Inc
Buyer's Agent
Alice On
Wonderland Real Estate
List Price
$5,200,000
Sold Price
$4,800,000
Premium/Discount to List
-$400,000
-7.69%
Total Days on Market
45
Current Estimated Value
$7,053,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,253,576
Avg. Annual Appreciation
6.83%

Purchase Details

Listed on
Aug 28, 2017
Closed on
Mar 22, 2018
Sold by
Aiza Rebecca and Adler Richard M
Bought by
Politte Dan L
Seller's Agent
Peter Truex
Windermere Real Estate Midtown
Buyer's Agent
Renee McGahan
COMPASS
List Price
$6,500,000
Sold Price
$4,300,000
Premium/Discount to List
-$2,200,000
-33.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$2,795,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 19, 1999
Sold by
Edmonds Joseph W and Edmonds Terry S
Bought by
Adler Karena and Richard M & Rebecca I Adler Trust
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
Chan Ho Fung $4,800,000 Chicago Title
Politte Dan L $4,300,000 Old Republic Title Ltd
Adler Karena $3,980,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Politte Dan L $2,795,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2019 08/21/19 Sold $4,800,000 -4.0% $874 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/09/2019 07/09/19 Price Changed $4,999,000 -3.9% $911 / Sq Ft
07/08/2019 07/08/19 For Sale $5,200,000 +8.3% $947 / Sq Ft
07/08/2019 07/08/19 Off Market $4,800,000 -- --
06/10/2019 06/10/19 For Sale $5,200,000 +20.9% $947 / Sq Ft
04/30/2018 04/30/18 Sold $4,300,000 -33.8% $947 / Sq Ft
02/24/2018 02/24/18 Pending -- -- --
08/28/2017 08/28/17 For Sale $6,500,000 -- $1,432 / 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 $44,243 $6,758,000 $5,738,000 $1,020,000
2023 $43,685 $6,347,000 $5,414,000 $933,000
2022 $41,793 $7,596,000 $6,090,000 $1,506,000
2021 $40,114 $5,677,000 $5,013,000 $664,000
2020 $39,500 $5,013,000 $4,775,000 $238,000
2018 $54,804 $6,547,000 $4,459,000 $2,088,000
2017 $47,830 $6,319,000 $4,288,000 $2,031,000
2016 $44,483 $5,879,000 $3,920,000 $1,959,000
2015 $42,853 $5,324,000 $3,548,000 $1,776,000
2014 -- $4,901,000 $3,280,000 $1,621,000
2013 -- $4,701,000 $3,200,000 $1,501,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1469656

Northwest Multiple Listing Service (NWMLS)

APN: 531510-0033