NOT LISTED FOR SALE

Estimated Value: $1,722,000 - $2,280,083

3 Beds
3 Baths
2,640 Sq Ft
$787/Sq Ft Est. Value

Last Sold August 12, 2021

Last sale price $1,788,000 $677 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,396/month

6 Days on Market

Highlights

  • Lake View
  • Deck
  • Wooded Lot
  • Lakeridge Elementary School Rated A
  • Northwest Architecture
  • Wood Flooring

About This Home

As of August 2021

Imagine waking up every morning with breathtaking views of the lake & Mt Rainier in your David Waldron custom-built home. Where you can take in the captivating sight of the lake from every spot of your bright, open living & dining areas. Off dining, access the deck–great for entertaining & enjoying that inside/outside living. Step into your chef’s kitchen w/island seating, double oven, built-in cooler, tons of storage including custom cabinets, & built-in kitchen workstation. Hardwood floors, 2 spacious en-suites & well-appointed study on main. 3rd bdrm & bonus room on lower floor w/access to the sprawling wraparound deck for more inside/outside living. Located near shopping, restaurants, MI Beach Club, Clarke Beach & award-winning schools.

Last Agent to Sell the Property

Joseph Lee

Coldwell Banker Bain License #134257 Listed on: 07/08/2021

Coldwell Banker Bain

Last Buyer's Agent

Jennifer Sandmeyer

Windermere RE Magnolia License #21033642

Windermere RE Magnolia

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1802873

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,013

Year Built

  • Built in 1976

Lot Details

  • Brush Vegetation
  • Terraced Lot
  • Wooded Lot
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Northwest Architecture
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3 Bathrooms
  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • <<doubleOvenToken>>
  • <<microwave>>
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • East Mercer Community

Listing and Financial Details

  • Assessor Parcel Number 2581300055

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,013

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Nw Contemporary
  • Homebuilder: David Waldron
  • Building Information: Built On Lot
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, Dining Room, French Doors, Skylights, Walk-In Closet
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 1
  • Bathrooms: 3.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 2
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2640
  • Square Footage Finished: 2640

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete, Slab
  • Roof: Composition
  • View: Lake, Mountain, Territorial

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Name: East Mercer
  • Project: Floods Lake Side Tracks Div 04

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: 16090
  • Lot Topography Vegetation: Brush, Garden Space, Sloped, Terraces, Wooded
  • Parcel Number: 2581300055
  • Zoning Jurisdiction: City
  • Lot Topography: Brush, Garden Space, Sloped, Terraces, Wooded

Tax Info

  • Tax Amount: 10247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Aug 10, 2021
Sold by
Lung Alan J and Lung Charlene E
Bought by
Wai Brandon C and Kang Yoon Jung
Seller's Agent
Joseph Lee
Coldwell Banker Bain
Buyer's Agent
Jennifer Sandmeyer
Windermere RE Magnolia
List Price
$1,788,000
Sold Price
$1,788,000
Current Estimated Value
$2,078,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,271
Avg. Annual Appreciation
3.90%
Original Mortgage
$1,430,400
Outstanding Balance
$1,314,628
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$763,643

Purchase Details

Listed on
Apr 12, 2014
Closed on
Nov 21, 2014
Sold by
Cereghino Leonard L
Bought by
Lung Alan J and Chung Charlene E
Seller's Agent
Julie Green
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Julie Green
Realogics Sotheby's Int'l Rlty
List Price
$989,000
Sold Price
$885,000
Premium/Discount to List
-$104,000
-10.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%
Original Mortgage
$450,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Wai Brandon C $1,788,000 Rainier Title
Lung Alan J $885,000 Rainier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Yoon J $300,000
Open Wai Brandon C $1,430,400
Previous Owner Lung Alan J $450,000
Previous Owner Cereghino Leonard L $337,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $1,788,000 0.0% $677 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $1,788,000 +102.0% $677 / Sq Ft
12/03/2014 12/03/14 Sold $885,000 -6.6% $335 / Sq Ft
10/22/2014 10/22/14 Pending -- -- --
09/16/2014 09/16/14 Price Changed $948,000 -1.8% $359 / Sq Ft
08/04/2014 08/04/14 Price Changed $965,000 -2.4% $366 / Sq Ft
06/08/2014 06/08/14 For Sale $989,000 +11.8% $375 / Sq Ft
06/07/2014 06/07/14 Off Market $885,000 -- --
05/14/2014 05/14/14 Price Changed $989,000 -3.5% $375 / Sq Ft
04/12/2014 04/12/14 For Sale $1,025,000 -- $388 / 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 $11,013 $1,680,000 $1,227,000 $453,000
2023 $11,082 $1,608,000 $1,158,000 $450,000
2022 $9,915 $1,799,000 $1,303,000 $496,000
2021 $9,744 $1,345,000 $1,073,000 $272,000
2020 $10,247 $1,216,000 $1,022,000 $194,000
2018 $9,941 $1,269,000 $894,000 $375,000
2017 $8,398 $1,145,000 $809,000 $336,000
2016 $7,814 $1,031,000 $740,000 $291,000
2015 $7,443 $934,000 $670,000 $264,000
2014 -- $850,000 $620,000 $230,000
2013 -- $727,000 $608,000 $119,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1802873

Northwest Multiple Listing Service (NWMLS)

APN: 258130-0055