NOT LISTED FOR SALE

7324 85th Ave SE Mercer Island, WA 98040

Mercer Island Estates Neighborhood

Estimated Value: $1,977,226 - $2,167,000

5 Beds
3 Baths
2,130 Sq Ft
$980/Sq Ft Est. Value

Last Sold July 15, 2016

Last sale price $1,220,000 $573 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $12,458/month

About This Home

As of July 2016

Excellent location on interior quiet street in coveted Mercer Island Estates. Open floor plan with vaulted ceilings is light, bright & thoughtfully updated. Chef’s kitchen is truly the heart of this home ideal for entertaining a crowd or enjoying a cozy night at home. 4 bdrms up keeps everyone close with an office/5th bedroom down. 2 patios, large flat grassy areas, fenced dog run & basketball court are all waiting for summer fun. Walk to award winning schools from K thru 8. Welcome home!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2016
Closed on
Jun 27, 2016
Sold by
Boos Walter R and Boos Paula Fitzgerald
Bought by
Chen Jie and Lei Danli
Seller's Agent
Doug McKiernan
Windermere Mercer Island
Buyer's Agent
Sherry Tang
Skyline Properties, Inc.
List Price
$1,125,000
Sold Price
$1,220,000
Premium/Discount to List
$95,000
8.44%
Current Estimated Value
$2,087,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$867,807
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Apr 24, 1992
Sold by
Boos Walter R and Paula Fitzgerald
Bought by
Boos Walter R and Paula Fitzgerald

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Chen Jie $1,220,000 Ticor National
Boos Walter R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boos Walter R $570,500
Previous Owner Boos Walter R $422,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2016 07/15/16 Sold $1,220,000 +8.4% $573 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $1,125,000 -- $528 / Sq Ft

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 $10,601 $1,617,000 $1,200,000 $417,000
2023 $10,432 $1,519,000 $1,133,000 $386,000
2022 $9,363 $1,699,000 $1,275,000 $424,000
2021 $8,992 $1,270,000 $1,050,000 $220,000
2020 $9,868 $1,122,000 $1,000,000 $122,000
2018 $9,577 $1,222,000 $867,000 $355,000
2017 $8,089 $1,103,000 $784,000 $319,000
2016 $6,703 $993,000 $717,000 $276,000
2015 $6,464 $801,000 $649,000 $152,000
2014 -- $738,000 $600,000 $138,000
2013 -- $615,000 $515,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Doug McKiernan

    Seller's Agent in 2016

    Doug McKiernan

    Windermere Corporate

    (206) 369-3949

    1 in this area

    49 Total Sales

    Doug McKiernan
    Section Image
  • Sherry Tang

    Buyer's Agent in 2016

    Sherry Tang

    Skyline Properties, Inc

    (425) 753-9438

    80 Total Sales

    Sherry Tang
    Section Image
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Map

Washington King County Mercer Island 98040 Mercer Island Estates

7324 85th Ave SE, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7324 85th Ave SE, Mercer Island, WA 98040 and is currently estimated at $2,087,807, approximately $980 per square foot. 7324 85th Ave SE 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.