Seller's Agent in 2017
Patricia Wallace
Coldwell Banker Bain
(206) 947-2209
48 Total Sales
7417 W Mercer Way Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $7,295,000 - $7,546,000
6
Beds
2
Baths
6,330
Sq Ft
$1,176/Sq Ft
Est. Value
Highlights
- Docks
- Lake View
- Secluded Lot
- Lakeridge Elementary School Rated A
- Deck
- Traditional Architecture
About This Home
As of September 2017Commanding Westside waterfront home has views from every room. Unobstructed western sunset and water views merge with timeless style, perfectly detailed finishes and moldings. Custom built two owner home has been meticulously cared for by current owners.Extensive remodel in 2005 added an entire second floor, new roof, foundation and more! Extremely private setting far from neighboring homes sits high to capture the ever changing light. 62' of sunny west facing waterfront and deep water moorage.
Last Agent to Sell the Property
Coldwell Banker Bain License #36057 Listed on: 02/02/2017
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1074468
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $39,629
Year Built
- Built in 1989
Lot Details
- Street terminates at a dead end
- Secluded Lot
- Sloped Lot
- Sprinkler System
- Garden
Parking
- Attached Garage
Property Views
- Lake
- City
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Poured Concrete
- Shake Roof
- Stucco
Interior Spaces
- 2 Bathrooms
- 4 Fireplaces
- Finished Basement
- Natural lighting in basement
Kitchen
- Double Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Laundry
- Dryer
- Washer
Outdoor Features
- Docks
- Deck
- Patio
Utilities
- High Speed Internet
- Cable TV Available
Community Details
- West Mercer Community
Listing and Financial Details
- Assessor Parcel Number 2524049285
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2017
Closed on
Sep 6, 2017
Sold by
Hermann Bjorn and Hermann Lisa
Bought by
Fosseen Donol Neal and Fosseen Lara Brady
Seller's Agent
Patricia Wallace
Coldwell Banker Bain
Buyer's Agent
Sam Chapin
Engel & Voelkers Mercer Island
List Price
$4,480,000
Sold Price
$4,125,000
Premium/Discount to List
-$355,000
-7.92%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,398,262
Avg. Annual Appreciation
7.85%
Original Mortgage
$2,075,000
Interest Rate
3.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 28, 2016
Sold by
7446 Nm W Llc
Bought by
Hermann Bjorn and Hermann Liza
Purchase Details
Closed on
Apr 18, 1997
Sold by
Trull James S and Trull Ruth A
Bought by
Hermann Bjorn and Hermann Liza
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.12%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fosseen Donol Neal | $4,125,000 | Chicago Title | |
| Hermann Bjorn | -- | None Available | |
| Hermann Bjorn | $1,520,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fosseen Donol Neal | $2,775,000 | |
| Closed | Fosseen Lara Brady | $500,000 | |
| Closed | Fosseen Donol Neal | $2,075,000 | |
| Previous Owner | Hermann Liza | $3,000,000 | |
| Previous Owner | Hermann Bjorn | $2,000,000 | |
| Previous Owner | Hermann Bjorn | $1,000,000 | |
| Previous Owner | Hermann Bjorn | $999,999 | |
| Previous Owner | Hermann Bjorn | $557,500 | |
| Previous Owner | Hermann Bjorn | $1,030,000 | |
| Previous Owner | Hermann Bjorn | $500,000 | |
| Previous Owner | Hermann Bjorn | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2017 09/15/17 | Sold | $4,125,000 | -5.2% | $652 / Sq Ft |
| 07/23/2017 07/23/17 | Pending | -- | -- | -- |
| 05/16/2017 05/16/17 | Price Changed | $4,350,000 | -2.9% | $687 / Sq Ft |
| 02/02/2017 02/02/17 | For Sale | $4,480,000 | -- | $708 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $39,629 | $6,053,000 | $2,537,000 | $3,516,000 |
| 2023 | $39,131 | $5,685,000 | $2,394,000 | $3,291,000 |
| 2022 | $34,986 | $6,358,000 | $2,693,000 | $3,665,000 |
| 2021 | $33,579 | $4,752,000 | $2,217,000 | $2,535,000 |
| 2020 | $36,422 | $4,196,000 | $2,112,000 | $2,084,000 |
| 2018 | $35,008 | $4,181,000 | $2,279,000 | $1,902,000 |
| 2017 | $30,555 | $4,036,000 | $2,192,000 | $1,844,000 |
| 2016 | $28,421 | $3,755,000 | $2,004,000 | $1,751,000 |
| 2015 | $27,381 | $3,401,000 | $1,814,000 | $1,587,000 |
| 2014 | -- | $3,131,000 | $1,677,000 | $1,454,000 |
| 2013 | -- | $2,958,000 | $1,857,000 | $1,101,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2017
Susan Gebhardt
Reaologics Sothebys International Realty
(206) 999-6777
27 Total Sales
-
Buyer's Agent in 2017
Sam Chapin
Engel & Voelkers Mercer Island
(206) 948-9153
1 in this area
52 Total Sales
-
Buyer Co-Listing Agent in 2017
Daniel Gottesman
Engel & Voelkers Mercer Island
(206) 898-2505
1 in this area
64 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1074468
APN: 252404-9285
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Based on information submitted to the MLS GRID
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