NOT LISTED FOR SALE

7416 Mercer Terrace Dr Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $1,565,000 - $2,953,000

4 Beds
4 Baths
4,400 Sq Ft
$570/Sq Ft Est. Value

Last Sold August 08, 2016

Last sale price $1,025,000 $233 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $14,895/month

6 Days on Market

Highlights

  • Fruit Trees
  • Deck
  • Territorial View
  • Lakeridge Elementary School Rated A
  • Northwest Architecture
  • Wood Flooring

About This Home

As of August 2016

1st time on the market in over 40 years. Incredible opportunity to make this your own. Spacious floor plan with lots of privacy, soaring ceilings & floor to ceiling windows awaits your designer touches. Grand piano sized formal living & dining rooms. Large kitchen with island is adjacent to family room. Great space for entertaining. Huge lower level with endless opportunities. Hardwoods under bedroom carpeting. Mercer Island Schools. Super Quiet South Mercer Island location.

Last Agent to Sell the Property

Allen Hovsepian

Windermere Mercer Island License #9082 Listed on: 06/21/2016

Windermere Mercer Island

Last Buyer's Agent

Julie Wilson

Windermere Mercer Island License #114704

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM950173

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,199

Year Built

  • Built in 1967

Lot Details

  • Property is Fully Fenced
  • Brush Vegetation
  • Level Lot
  • Fruit Trees
  • Garden

Parking

  • Attached Garage

Home Design

  • Northwest Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3 Fireplaces
  • Territorial Views
  • Finished Basement
  • Natural lighting in basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • South End Community

Listing and Financial Details

  • Assessor Parcel Number 5453600170

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,199

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dining Room, French Doors, Vaulted Ceilings, Walk In Pantry
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 4
  • Bathrooms: 3.50
  • Total Full Bathrooms: 3
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4400
  • Square Footage Finished: 4400

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Heater: BSM-Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: South End
  • Project: Mercer Terrace

Schools

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

Lot Info

  • Lot Number: 17 & 18
  • Lot Details: Paved Street
  • Lot Sq Ft: 12195
  • Lot Topography Vegetation: Brush, Fruit Trees, Garden Space, Level, Terraces
  • Parcel Number: 5453600170
  • Zoning Jurisdiction: City
  • Lot Topography: Brush, Fruit Trees, Garden Space, Level, Terraces

Tax Info

  • Tax Amount: 8524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2016
Closed on
Aug 3, 2016
Sold by
Anderson John E
Bought by
Graesser Melissa and Graesser Steve
Seller's Agent
Allen Hovsepian
Windermere Mercer Island
Buyer's Agent
Julie Wilson
Windermere Mercer Island
List Price
$1,000,000
Sold Price
$1,025,000
Premium/Discount to List
$25,000
2.5%
Current Estimated Value
$2,509,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,484,992
Avg. Annual Appreciation
10.57%
Original Mortgage
$665,000
Outstanding Balance
$539,047
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,970,945
Source: Public Records

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Range of Values:

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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
Graesser Melissa $1,025,000 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graesser Melissa $665,000
Previous Owner Anderson John E $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2016 08/08/16 Sold $1,025,000 +2.5% $233 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $1,000,000 -- $227 / 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 $13,199 $2,014,000 $1,237,000 $777,000
2023 $13,036 $1,892,000 $1,167,000 $725,000
2022 $11,357 $2,116,000 $1,313,000 $803,000
2021 $10,903 $1,541,000 $1,081,000 $460,000
2020 $9,584 $1,361,000 $1,030,000 $331,000
2018 $10,851 $1,187,000 $902,000 $285,000
2017 $9,163 $1,071,000 $816,000 $255,000
2016 $8,524 $1,125,000 $746,000 $379,000
2015 $8,212 $1,019,000 $676,000 $343,000
2014 -- $938,000 $625,000 $313,000
2013 -- $862,000 $554,000 $308,000
Source: Public Records

Agents Affiliated with this Home

  • Allen Hovsepian

    Seller's Agent in 2016

    Allen Hovsepian

    Windermere Corporate

    (206) 718-6500

    25 Total Sales

    Allen Hovsepian
    Section Image
  • Julie Wilson

    Buyer's Agent in 2016

    Julie Wilson

    Windermere Corporate

    (206) 225-1500

    6 in this area

    61 Total Sales

    Julie Wilson
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM950173

Northwest Multiple Listing Service (NWMLS)

APN: 545360-0170

Washington King County Mercer Island 98040 Island Point

7416 Mercer Terrace Dr, Mercer Island, WA

This home is located at 7416 Mercer Terrace Dr, Mercer Island, WA 98040 since 21 June 2016 and is currently estimated at $2,509,992, approximately $570 per square foot. This property was built in 1967. 7416 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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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