Listed by Windermere Mercer Island, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

7409 Mercer Terrace Dr Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,460,000 - $2,957,000

4 Beds
3 Baths
3,580 Sq Ft
$745/Sq Ft Est. Value

Last Sold January 14, 2013

Last sale price $923,000 $258 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $15,215/month

116 Days on Market

About This Home

As of January 2013

Celebrate Northwest Modern; dramatic vaulted ceilings & stunning wall of windows frame dining/living area w/ French doors extending to private deck. Chef's kitchen features granite counters, stainless appliances; 6 burner gas range & Thermador ovens, skylights, hardwood floors & gas burning fireplace in adjoining family room. Main floor includes master w/ jetted tub & door to deck as well as 2nd bdrm. Lower level features multi-media/rec room, door to back deck/patio, 2 add’l bdrms and more!

Last Agent to Sell the Property

Cynthia Schoonmaker

Windermere Mercer Island License #11207 Listed on: 07/07/2012

Windermere Mercer Island

Last Buyer's Agent

Carrie Simmons

John L. Scott, Inc. License #102278

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM380180

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$12,695

Year Built

1965

Lot Details

0

Listing Details

  • Condition: Remodeled
  • Special Features: None
  • Year Built: 1965

Interior Features

  • Basement: Fully Finished
  • Features: Bath Off Master, Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 3
  • Floor: Ceramic Tile, Hardwood, Vinyl, Wall to Wall Carpet
  • Sq Ft Unfinished: 100

Exterior Features

  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Lot Details: Paved Street
  • Roof: Cedar Shake
  • Site Features: Cable TV, Deck, Natural Gas Available, High Speed Internet, Patio

Garage/Parking

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

Utilities

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2020
Sold by
Reese James I and Reese Erin R
Bought by
Reese James T and Reese Erin R
Current Estimated Value
$2,667,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,200
Outstanding Balance
$559,832
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$1,927,830

Purchase Details

Listed on
Jul 7, 2012
Closed on
Jan 8, 2013
Sold by
Rizza Eric and Rizza Lisa
Bought by
Reese James T and Reese Erin R
Seller's Agent
Cynthia Schoonmaker
Windermere Mercer Island
Buyer's Agent
Carrie Simmons
John L. Scott, Inc.
List Price
$923,000
Sold Price
$923,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.19%
Original Mortgage
$733,800
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2007
Sold by
Dufour Lisa Anne and Dofour Peter
Bought by
Rizza Eric and Rizza Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2004
Sold by
Deforest Winston H and Deforest Virginia P
Bought by
Dufour Peter and Dufour Lisa Anne
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
Reese James T -- Cw Title
Reese James T $923,000 Fidelity Natio
Rizza Eric $1,200,000 Transnation Ti
Dufour Peter $647,000 Transnation Ti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reese James T $620,200
Closed Reese James T $626,200
Closed Reese James T $341,600
Closed Reese James T $45,000
Closed Reese James T $733,800
Previous Owner Rizza Eric $760,000
Previous Owner Rizza Eric $50,000
Previous Owner Rizza Eric $960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2013 01/14/13 Sold $923,000 0.0% $258 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
07/07/2012 07/07/12 For Sale $923,000 -- $258 / 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 $12,695 $1,937,000 $1,300,000 $637,000
2023 $12,533 $1,819,000 $1,227,000 $592,000
2022 $11,210 $2,035,000 $1,381,000 $654,000
2021 $10,759 $1,521,000 $1,137,000 $384,000
2020 $11,249 $1,343,000 $1,083,000 $260,000
2018 $10,912 $1,393,000 $856,000 $537,000
2017 $9,220 $1,257,000 $774,000 $483,000
2016 $8,583 $1,132,000 $708,000 $424,000
2015 $8,273 $1,026,000 $641,000 $385,000
2014 -- $945,000 $593,000 $352,000
2013 -- $864,000 $554,000 $310,000
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Schoonmaker

    Seller's Agent in 2013

    Cynthia Schoonmaker

    Windermere Corporate

    (206) 683-2725

    2 in this area

    29 Total Sales

    Section Image
  • Carrie Simmons

    Buyer's Agent in 2013

    Carrie Simmons

    John L Scott

    (206) 679-7093

    1 in this area

    26 Total Sales

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM380180

Northwest Multiple Listing Service (NWMLS)

APN: 545360-0280

Washington King County Mercer Island 98040 Island Point

7409 Mercer Terrace Dr, Mercer Island, WA

This home is located at 7409 Mercer Terrace Dr, Mercer Island, WA 98040 since 07 July 2012 and is currently estimated at $2,667,553, approximately $745 per square foot. This property was built in 1965. 7409 Mercer Terrace Dr 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.

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Based on information submitted to the MLS GRID

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