7221 W Mercer Way Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $3,480,000 - $4,664,000
5
Beds
5
Baths
4,580
Sq Ft
$853/Sq Ft
Est. Value
About This Home
This home is located at 7221 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $3,908,480, approximately $853 per square foot. 7221 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
Jan 26, 2018
Sold by
Skordal Lynn M
Bought by
Smith Scott A
Current Estimated Value
Purchase Details
Closed on
Aug 8, 1996
Sold by
Chin Kirby Shew Y and Chin Tina F T
Bought by
United Trading Company
Purchase Details
Closed on
Sep 12, 1994
Sold by
Clarke Leo and Clarke Kathleen M
Bought by
Smith Scott A and Skordal Lynn M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
8.37%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Scott A | -- | None Available | |
| United Trading Company | $570,000 | Transnation Title Insurance | |
| Smith Scott A | $585,000 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Smith Scott A | $385,000 | |
| Previous Owner | Smith Scott A | $374,500 | |
| Previous Owner | Smith Scott A | $468,000 |
Source: Public Records
Tax History Compared to Growth
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 | $19,749 | $3,015,000 | $1,605,000 | $1,410,000 |
| 2023 | $19,503 | $2,832,000 | $1,515,000 | $1,317,000 |
| 2022 | $17,436 | $3,167,000 | $1,705,000 | $1,462,000 |
| 2021 | $16,734 | $2,367,000 | $1,404,000 | $963,000 |
| 2020 | $16,506 | $2,090,000 | $1,338,000 | $752,000 |
| 2018 | $16,010 | $2,045,000 | $917,000 | $1,128,000 |
| 2017 | $13,523 | $1,845,000 | $830,000 | $1,015,000 |
| 2016 | $12,584 | $1,661,000 | $759,000 | $902,000 |
| 2015 | $12,128 | $1,505,000 | $687,000 | $818,000 |
| 2014 | -- | $1,386,000 | $635,000 | $751,000 |
| 2013 | -- | $1,303,000 | $732,000 | $571,000 |
Source: Public Records
Map
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