NOT LISTED FOR SALE

7274 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,300,000 - $3,929,000

4 Beds
3 Baths
3,820 Sq Ft
$800/Sq Ft Est. Value

Last Sold September 13, 2013

Last sale price $1,157,500 $303 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $18,313/month

26 Days on Market

About This Home

As of September 2013

Fabulous home on wonderful, private, large western facing lot. Completely remodeled in 2003. The gourmet kitchen with double ovens, large island, walk-in pantry and granite counters lacks nothing. The family room opens to the huge deck from which to enjoy the sunsets. Updates throughout the home include new windows and doors, new cabinets and appliances, heated bathroom floors and more. Second garage currently is a small winery but would make a great workshop or convert to more living space.

Last Listed By

Tim Conway

John L. Scott, Inc. License #5506 Listed on: 07/11/2013

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM514921

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$16,333

Year Built

1960

Lot Details

0

Listing Details

  • Condition: Remodeled
  • Sq Ft Finished: 3820
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Basement: Daylight, Fully Finished
  • Features: Bath Off Master, Double Pane/Storm Window, Dining Room, Disabled Access, French Doors, High Tech Cabling, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Floor: Hardwood, Slate, Wall to Wall Carpet
  • Sq Ft Unfinished: 490
  • Water Heater Location: Basement-Gas

Exterior Features

  • Roof: Torch Down
  • Exterior: Brick, Stone, Wood
  • Lot Details: Dead End Street, Paved Street
  • Roof: Torch Down
  • Site Features: Cable TV, Deck, Partial Fence, Natural Gas Available, High Speed Internet, Patio, Sprinkler System
  • View: Lake, Mountain
  • Lot Topography: Fruit Trees, Garden Space, Level, Partial Slope, Terraces

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 4

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Available, Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Schools

  • School District: MIS
  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2013
Closed on
Sep 6, 2013
Sold by
Horton Thomas R and Peterson Lisa P
Bought by
Fischel Jason and Fischel Sharon Silicer
Seller's Agent
Tim Conway
John L. Scott, Inc.
Buyer's Agent
Jody Epstein
Windermere Real Estate/East
List Price
$1,232,500
Sold Price
$1,157,500
Premium/Discount to List
-$75,000
-6.09%
Total Days on Market
26
Current Estimated Value
$3,057,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,900,286
Avg. Annual Appreciation
8.88%
Original Mortgage
$926,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 29, 1997
Sold by
Ortega Charles M and Ortega Leslee
Bought by
Horton Thomas R and Peterson Lisa P

Purchase Details

Closed on
Aug 24, 1993
Sold by
Fox Jr Colin Lloyd and Molly Jones
Bought by
Ortega Charles M and Ortega Leslee

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
Fischel Jason $1,157,500 Chicago Title
Horton Thomas R $625,000 --
Ortega Charles M $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fischel Jason $885,000
Closed Fischel Jason $926,000
Previous Owner Horton Thomas R $721,000
Previous Owner Horton Thomas R $1,100,000
Previous Owner Horton Thomas R $1,100,000
Previous Owner Horton Thomas R $417,000
Previous Owner Horton Thomas R $250,000
Previous Owner Horton Thomas R $417,000
Previous Owner Horton Thomas R $486,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2013 09/13/13 Sold $1,157,500 -6.1% $303 / Sq Ft
08/06/2013 08/06/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $1,232,500 -- $323 / 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 $16,333 $2,493,000 $1,578,000 $915,000
2023 $16,132 $2,342,000 $1,489,000 $853,000
2022 $14,065 $2,620,000 $1,675,000 $945,000
2021 $13,503 $1,909,000 $1,379,000 $530,000
2020 $13,594 $1,686,000 $1,314,000 $372,000
2018 $13,192 $1,684,000 $1,191,000 $493,000
2017 $11,140 $1,520,000 $1,077,000 $443,000
2016 $10,362 $1,368,000 $985,000 $383,000
2015 $9,986 $1,239,000 $892,000 $347,000
2014 -- $1,141,000 $825,000 $316,000
2013 -- $1,093,000 $715,000 $378,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Conway

    Seller's Agent in 2013

    Tim Conway

    John L Scott

    (206) 954-2437

    3 in this area

    44 Total Sales

    Tim Conway
    Section Image
  • Jody Epstein

    Buyer's Agent in 2013

    Jody Epstein

    Windermere Corporate

    (425) 269-8770

    33 Total Sales

    Jody Epstein
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM514921

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9156

Washington King County Mercer Island 98040 Island Point

7274 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7274 W Mercer Way, Mercer Island, WA 98040 since 11 July 2013 and is currently estimated at $3,057,786, approximately $800 per square foot. This property was built in 1960. 7274 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) 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.