Seller's Agent in 2023
Rob McGarty
Bushwick
(206) 295-7760
1 in this area
254 Total Sales
7270 87th Ave SE Mercer Island, WA 98040
Mercer Island Estates NeighborhoodEstimated Value: $2,488,000 - $2,754,533
3
Beds
3
Baths
3,230
Sq Ft
$818/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- Two Primary Bedrooms
- Property is near public transit
- Lakeridge Elementary School Rated A
- Deck
- 3-minute walk to Wildwood Park
About This Home
As of September 2023Impeccably-maintained rambler on a large, flat lot in an idyllic south-end location. Situated at the end of the cul-de-sac adjacent to Wildwood Park and trails, one block from the Country Club, and three blocks from the shopping center. Home was fully rebuilt by Shultz-Miller with vaulted ceilings and a large open floor plan that seamlessly opens onto large Ipe decks and a fully-fenced backyard. Primary suite opens onto a separate Ipe deck. Two additional large bedrooms, one includes custom built-in desks, a Murphy bed and ensuite. Oversized 2-car garage, finished attic storage room, plus RV/boat parking. Ice-cold AC.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2161249
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,459
Year Built
- Built in 1972
Lot Details
- 0.28 Acre Lot
- Cul-De-Sac
- Street terminates at a dead end
- Northwest Facing Home
- Property is Fully Fenced
- Level Lot
- Sprinkler System
- Garden
- Zoning described as R9.6
Parking
- 2 Car Attached Garage
- RV Access or Parking
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
- Cement Board or Planked
Interior Spaces
- 3,230 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Skylights
- 2 Fireplaces
- Gas Fireplace
- French Doors
- Dining Room
- Storm Windows
Kitchen
- Walk-In Pantry
- Oven or Range
- Stove
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Double Master Bedroom
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Outbuilding
Location
- Property is near public transit
Utilities
- Forced Air Cooling System
- Heat Pump System
- Tankless Water Heater
- High Speed Internet
- High Tech Cabling
- Cable TV Available
Listing and Financial Details
- Tax Lot 37
- Assessor Parcel Number 5451210370
Community Details
Overview
- No Home Owners Association
- Built by Schultz-Miller
- Mercer Island Estates Subdivision
- Property is near a preserve or public land
Recreation
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 13, 2023
Closed on
Sep 27, 2023
Sold by
Olson Erik J and Olson Michele K
Bought by
Kaneko Wang Trust and Kaneko
Seller's Agent
Rob McGarty
Bushwick
Buyer's Agent
Ambili Sukesan
Realogics Sotheby's Int'l Rlty
List Price
$2,350,000
Sold Price
$2,550,000
Premium/Discount to List
$200,000
8.51%
Total Days on Market
6
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,133
Avg. Annual Appreciation
1.69%
Original Mortgage
$2,550,000
Outstanding Balance
$2,519,224
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$100,674
Purchase Details
Listed on
Apr 13, 2019
Closed on
Jun 26, 2019
Sold by
Swansonalso James and Lee Jaehyun
Bought by
Olson Erik J and Olson Michele K
Seller's Agent
Cynthia Schoonmaker
Windermere Mercer Island
Buyer's Agent
Lesa Shafer
RE/MAX Northwest Realtors
List Price
$1,768,000
Sold Price
$1,745,000
Premium/Discount to List
-$23,000
-1.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%
Original Mortgage
$1,245,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jul 8, 2010
Sold by
Swanson James and Lee Jaehyun
Bought by
Swanson James and Lee Jaehyun
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$823,000
Interest Rate
4.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 23, 2008
Sold by
Swanson James S
Bought by
Lee Jaehyun
Purchase Details
Closed on
Aug 19, 2008
Sold by
Lee Chung Hyun
Bought by
Swanson James S and Lee Jaehyun
Purchase Details
Closed on
Oct 22, 2003
Sold by
Moss Marian W
Bought by
Swanson James and Lee Chung Hyun
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 2, 1985
Sold by
Grabowski Michael V
Bought by
Moss Marian W
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kaneko Wang Trust | $2,550,000 | First American Title Insurance | |
| Olson Erik J | $1,745,000 | Fidelity National Title | |
| Swanson James | -- | Pacific Nw Tit | |
| Lee Jaehyun | -- | None Available | |
| Swanson James S | -- | None Available | |
| Swanson James S | -- | None Available | |
| Swanson James | $560,000 | Old Republic T | |
| Moss Marian W | $126,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kaneko Wang Trust | $2,550,000 | |
| Previous Owner | Olson Erik J | $1,245,000 | |
| Previous Owner | Swanson James | $390,000 | |
| Previous Owner | Swanson James | $567,300 | |
| Previous Owner | Swanson James | $785,000 | |
| Previous Owner | Swanson James | $823,000 | |
| Previous Owner | Swanson James Stanford | $973,000 | |
| Previous Owner | Swanson James | $250,000 | |
| Previous Owner | Swanson James Stanford | $584,000 | |
| Previous Owner | Swanson James | $448,000 | |
| Closed | Swanson James | $56,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $2,550,000 | +8.5% | $789 / Sq Ft |
| 09/19/2023 09/19/23 | Pending | -- | -- | -- |
| 09/13/2023 09/13/23 | For Sale | $2,350,000 | +34.7% | $728 / Sq Ft |
| 06/28/2019 06/28/19 | Sold | $1,745,000 | +2.8% | $540 / Sq Ft |
| 05/20/2019 05/20/19 | Pending | -- | -- | -- |
| 04/30/2019 04/30/19 | Price Changed | $1,698,000 | -4.0% | $526 / Sq Ft |
| 04/13/2019 04/13/19 | For Sale | $1,768,000 | -- | $547 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
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 | $14,691 | $2,242,000 | $1,200,000 | $1,042,000 |
| 2023 | $14,459 | $2,106,000 | $1,133,000 | $973,000 |
| 2022 | $12,976 | $2,356,000 | $1,275,000 | $1,081,000 |
| 2021 | $12,455 | $1,761,000 | $1,050,000 | $711,000 |
| 2020 | $12,220 | $1,555,000 | $1,000,000 | $555,000 |
| 2018 | $11,857 | $1,514,000 | $867,000 | $647,000 |
| 2017 | $10,351 | $1,366,000 | $784,000 | $582,000 |
| 2016 | $9,627 | $1,271,000 | $717,000 | $554,000 |
| 2015 | $9,278 | $1,151,000 | $649,000 | $502,000 |
| 2014 | -- | $1,060,000 | $600,000 | $460,000 |
| 2013 | -- | $973,000 | $515,000 | $458,000 |
Source: Public Records
Agents Affiliated with this Home
-
Rob McGarty
-
Ambili Sukesan
Buyer's Agent in 2023
Ambili Sukesan
Reaologics Sothebys International Realty
(206) 200-8347
1 in this area
88 Total Sales
-
Cynthia Schoonmaker
Seller's Agent in 2019
Cynthia Schoonmaker
Windermere Corporate
(206) 683-2725
32 Total Sales
-
L
Buyer's Agent in 2019
Lesa Shafer
RE/MAX Northwest Realtors
Map
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Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2161249
APN: 545121-0370
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.
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. ©2025 NWMLS.
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