NOT LISTED FOR SALE

7320 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,458,000 - $3,193,000

4 Beds
3 Baths
3,580 Sq Ft
$808/Sq Ft Est. Value

Last Sold December 09, 2014

Last sale price $1,406,888 $393 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $17,298/month

2 Days on Market

About This Home

As of December 2014

Storybook Style on Mercer Island. A renovated home steeped in classic architecture w/ painted shingle style exterior & white trim. Enjoy the fun, Kelly green dining room in this party-perfect interior. French doors open to a gracious living room w/ fireplace. Kitchen is awash in white marble w/ a suite of professional appliances. An ideal floor plan: office, bonus room, spacious master suite w/ peek-a-boo water views and 3 bedrooms. Outdoor entertaining area & hot tub. Near schools & beach club.

Last Listed By

Tere Foster

COMPASS License #7690 Listed on: 10/21/2014

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM708676

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$15,162

Year Built

1966

Lot Details

0

Listing Details

  • Condition: Remodeled
  • Sq Ft Finished: 3580
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1966

Interior Features

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplaces: 2
  • Features: Wired for Generator, Bath Off Master, Double Pane/Storm Window, Dining Room, French Doors, Hot Tub/Spa, Skylights, Walk In Pantry, Walk-in Closet
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet

Exterior Features

  • Roof: Composition
  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Lot Details: Dead End Street, Paved Street, Secluded
  • Roof: Composition
  • Site Features: Cable TV, Partial Fence, Natural Gas Available, Hot Tub/Spa, Patio, Sprinkler System
  • View: Lake, Mountain, Partial
  • Lot Topography: Fruit Trees, Level, Partial Slope, Terraces

Garage/Parking

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

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City Of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Private

Schools

  • School District: MIS
  • Elementary School: Lakeridge Elem
  • Middle School: Isler Mid
  • High School: Mercer Isl High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2022
Sold by
Lang and Yansong
Bought by
Lang Bin and Lang Susan
Total Days on Market
2
Current Estimated Value
$2,892,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,620,000
Outstanding Balance
$1,567,045
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,344,617

Purchase Details

Listed on
Oct 21, 2014
Closed on
Nov 4, 2014
Sold by
Punke Timothy E and Punke Lori Otto
Bought by
Lang Bin and Jia Yansong
Seller's Agent
Tere Foster
COMPASS
Buyer's Agent
Sherry Tang
Skyline Properties, Inc.
List Price
$1,348,888
Sold Price
$1,406,888
Premium/Discount to List
$58,000
4.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$844,133
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 30, 2010
Sold by
Spiro Peter M and Spiro April S
Bought by
Punke Timothy E and Punke Lori Otto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,200
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 1994
Sold by
Killeen Lawrence M and Killeen Deanna B
Bought by
Spiro Peter M and Spiro April S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,500
Interest Rate
7.12%

Range of Values:

Collateral Analytics

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ICE

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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
Lang Bin -- Chicago Title
Lang Bin $1,406,888 First American
Punke Timothy E $1,054,000 Fidelity Natio
Spiro Peter M $489,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lang Bin $1,620,000
Previous Owner Lang Bin $332,000
Previous Owner Lang Bin $844,133
Previous Owner Punke Timothy E $840,000
Previous Owner Punke Timothy E $843,200
Previous Owner Spiro Peter M $369,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2014 12/09/14 Sold $1,406,888 +4.3% $393 / Sq Ft
10/24/2014 10/24/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $1,348,888 -- $377 / 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 $15,162 $2,314,000 $1,355,000 $959,000
2023 $14,969 $2,173,000 $1,279,000 $894,000
2022 $13,042 $2,430,000 $1,439,000 $991,000
2021 $12,519 $1,770,000 $1,185,000 $585,000
2020 $12,481 $1,563,000 $1,129,000 $434,000
2018 $12,109 $1,546,000 $974,000 $572,000
2017 $10,229 $1,395,000 $881,000 $514,000
2016 $9,518 $1,256,000 $806,000 $450,000
2015 $9,173 $1,138,000 $730,000 $408,000
2014 -- $1,048,000 $675,000 $373,000
2013 -- $949,000 $594,000 $355,000
Source: Public Records

Agents Affiliated with this Home

  • Tere Foster

    Seller's Agent in 2014

    Tere Foster

    COMPASS

    (425) 637-8373

    2 in this area

    400 Total Sales

    Tere Foster
    Section Image
  • Sherry Tang

    Buyer's Agent in 2014

    Sherry Tang

    Skyline Properties, Inc

    (425) 753-9438

    80 Total Sales

    Sherry Tang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM708676

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9018

Washington King County Mercer Island 98040 Island Point

7320 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7320 W Mercer Way, Mercer Island, WA 98040 since 21 October 2014 and is currently estimated at $2,892,041, approximately $807 per square foot. This property was built in 1966. 7320 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.