Listed by John L. Scott, Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

7245 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $4,279,000 - $5,964,611

6 Beds
5 Baths
5,550 Sq Ft
$888/Sq Ft Est. Value

Last Sold February 22, 2013

Last sale price $1,514,000 $273 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $28,489/month

14 Days on Market

About This Home

As of February 2013

Beautiful contemporary home in coveted North end of Mercer Island. Private ½ acre lot w/ expansive views of lake, bay, city, mtns. Exceptional layout. 6 bdrms, 4.5 baths, 3 stories, luxurious master suite + junior master suite, entertainment room w/ built in High Def TV, pool table & 2nd kitchen, grand staircase w/ soaring ceilings. Private drive w/ ample parking. 5,550 sq ft home. Wonderful NW Mercer Island neighborhood close to Historic Roanoke Inn & 3 parks. 2 minutes from I-90.

Last Agent to Sell the Property

Rob Nicholson

John L. Scott, Inc. License #50277 Listed on: 11/18/2012

John L. Scott, Inc.

Last Buyer's Agent

Ravinder Walia

Skyline Properties, Inc. License #80195

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM424962

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$22,301

Year Built

1993

Lot Details

0

Listing Details

  • Condition: Very Good
  • Special Features: None
  • Year Built: 1993

Interior Features

  • Basement: Daylight, Fully Finished
  • Features: Wet Bar, 2nd Master BR, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace in Master Bedroom, French Doors, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 3
  • Floor: Ceramic Tile, Hardwood, Vinyl, Wall to Wall Carpet
  • Sq Ft Unfinished: 1880
  • Water Heater Location: Lower level-Gas

Exterior Features

  • Exterior: Stucco
  • Foundation: Poured Concrete
  • Lot Details: Paved Street
  • Roof: Flat
  • Site Features: Cable TV, Deck, Partial Fence, Natural Gas Available, Patio, Sprinkler System
  • View: Bay, City, Lake, Mountain

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 3

Utilities

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Central A/C, Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Source: Public

Lot Info

  • Lot Dimensions: 20305

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2012
Sold by
Hsue Kuzi S and Hsue Wendy
Bought by
Singh Parminderpal and Bajwa Gurinderla
Current Estimated Value
$4,925,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,211,200
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2005
Sold by
Hsue Kwai Shung and Hsue Lee Yuh
Bought by
Huse Ku Zi

Purchase Details

Closed on
Aug 10, 2004
Sold by
Flaherty Timothy P and Flaherty Tracy O
Bought by
Hsue Kwai Shung and Hsue Lee Yuh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 1997
Sold by
Imani Farhad and Imani Virginia A
Bought by
Flaherty Timothy P and Flaherty Tracy O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
7.37%
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
Singh Parminderpal $1,514,000 Rainier Title
Huse Ku Zi -- Chicago Title
Hsue Kwai Shung $1,600,000 Transnation Ti
Flaherty Timothy P $860,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Parminderpal $1,020,350
Closed Singh Parminderpal $500,000
Closed Singh Parminderpal $200,000
Closed Singh Parminderpal $500,000
Closed Singh Parminderpal $83,900
Previous Owner Singh Parminderpal $1,211,200
Previous Owner Hsue Kuzi S $1,495,000
Previous Owner Hsue Kwai Shung $1,200,000
Previous Owner Flaherty Timothy P $635,000
Closed Hsue Kwai Shung $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2013 02/22/13 Sold $1,514,000 0.0% $273 / Sq Ft
12/02/2012 12/02/12 Pending -- -- --
11/18/2012 11/18/12 For Sale $1,514,000 -- $273 / 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 $22,301 $3,405,000 $1,702,000 $1,703,000
2023 $21,942 $3,198,000 $1,606,000 $1,592,000
2022 $19,695 $3,577,000 $1,807,000 $1,770,000
2021 $18,902 $2,674,000 $1,488,000 $1,186,000
2020 $18,772 $2,361,000 $1,418,000 $943,000
2018 $18,213 $2,326,000 $1,302,000 $1,024,000
2017 $15,898 $2,099,000 $1,178,000 $921,000
2016 $14,789 $1,953,000 $1,077,000 $876,000
2015 $14,252 $1,769,000 $975,000 $794,000
2014 -- $1,629,000 $902,000 $727,000
2013 -- $1,528,000 $854,000 $674,000
Source: Public Records

Agents Affiliated with this Home

  • Rob Nicholson

    Seller's Agent in 2013

    Rob Nicholson

    John L Scott

    (425) 894-2600

    79 Total Sales

    Rob Nicholson
    Section Image

  • R

    Buyer's Agent in 2013

    Ravinder Walia

    Skyline Properties, Inc.

    (206) 226-8502

    16 Total Sales

    Ravinder Walia
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM424962

Northwest Multiple Listing Service (NWMLS)

APN: 531510-0202

Washington King County Mercer Island 98040 Island Point

7245 W Mercer Way, Mercer Island, WA

This home is located at 7245 W Mercer Way, Mercer Island, WA 98040 since 18 November 2012 and is currently estimated at $4,925,653, approximately $887 per square foot. This property was built in 1993. 7245 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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