Listed by Coldwell Banker Bain, Bought with Engel & Voelkers Mercer Island
NOT LISTED FOR SALE

7417 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $5,551,000 - $6,944,000

6 Beds
5.5 Baths
6,330 Sq Ft
$991/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $4,125,000 $652 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $36,339/month

170 Days on Market

Highlights

  • 62 Feet of Waterfront
  • Docks
  • Two Primary Bedrooms
  • Lakeridge Elementary School Rated A
  • Second Kitchen
  • Lake View

About This Home

As of September 2017

Commanding 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

Patricia Wallace

Coldwell Banker Bain License #36057 Listed on: 02/02/2017

Coldwell Banker Bain

Co-Listed By

Susan Gebhardt

Realogics Sotheby's Int'l Rlty License #17329

Last Buyer's Agent

Sam Chapin

Engel & Voelkers Mercer Island License #117668

Engel & Voelkers Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1074468

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,421

Year Built

  • Built in 1989

Lot Details

  • 0.3 Acre Lot
  • 62 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Secluded Lot
  • Sloped Lot
  • Sprinkler System
  • Garden
  • Property is in very good condition

Parking

  • 3 Car Attached Garage

Property Views

  • Lake
  • City

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shake Roof
  • Stucco

Interior Spaces

  • 6,330 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • 4 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Dining Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Second Kitchen
  • Walk-In Pantry
  • Double Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Double Master Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Hydromassage or Jetted Bathtub
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Docks
  • Deck
  • Patio

Schools

  • Lakeridge Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • Built by Trull
  • West Mercer Subdivision

Listing and Financial Details

  • Tax Lot B3
  • Assessor Parcel Number 2524049285

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,421

Year Built

Built in 1989

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1989
  • Inclusions: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Leased Equipment,Microwave(s),Range/Oven,Refrigerator(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Building Name: Mirabella
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 6330
  • EffectiveYearBuiltSource: See Remarks
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 4
  • Basement: Daylight, Finished
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Disposal, Double Oven, Dryer(s), Microwave(s), Range, Refrigerator(s), Washer(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 6
  • Entry Location: Main
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Second Kitchen, Second Primary Bedroom, Bath Off Primary, Built-In Vacuum, Double Pane/Storm Window, Dining Room, Fireplace, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Security System, Walk-In Closet(s), Walk-In Pantry, Water Heater, Wet Bar
  • Living Area: 6330
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • BathsFullMain: 1
  • SquareFootageFinished: 6330
  • SquareFootageUnfinished: 0
  • BathsFullLower: 1
  • BathsFullUpper: 1
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Range/Oven,Refrigerator(s),Washer(s)
  • FireplacesUpper: 0

Exterior Features

  • Roof: Shake
  • View: City, Lake, See Remarks
  • Lot Features: Dead End Street, Paved, Secluded
  • View: Yes
  • Waterfront Features: Medium Bank, Lake
  • Waterfront: Yes
  • Builder Name: Trull
  • Construction Type: Brick, Stucco
  • Exterior Features: Brick, Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • WaterfrontFootage: 62'

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Security System
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Down
  • WaterHeaterType: gas

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 2524049285
  • Topography: Sloped
  • Lot Size Acres: 0.2954
  • Lot Size Sq Ft: 12867
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Gas Available,High Speed Internet,Moorage,Patio,Sprinkler System
  • MLSLotSizeSource: KCAR
  • ZoningJurisdiction: City
  • LotNumber: B3

Green Features

  • Power Production Type: Natural Gas

Tax Info

  • Year: 2016
  • Tax Annual Amount: 28421

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Lakeridge Elem

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
$6,274,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,149,404
Avg. Annual Appreciation
5.23%
Original Mortgage
$2,075,000
Outstanding Balance
$1,734,167
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$4,540,237

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%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 $2,075,000
Previous Owner Hermann Bjorn $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $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

  • Patricia Wallace

    Seller's Agent in 2017

    Patricia Wallace

    Coldwell Banker Bain

    (206) 947-2209

    39 Total Sales

    Patricia Wallace
    Section Image
  • Susan Gebhardt

    Seller Co-Listing Agent in 2017

    Susan Gebhardt

    Reaologics Sothebys International Realty

    (206) 999-6777

    24 Total Sales

    Susan Gebhardt
    Section Image
  • Sam Chapin

    Buyer's Agent in 2017

    Sam Chapin

    Engel & Voelkers Mercer Island

    (206) 948-9153

    2 in this area

    52 Total Sales

    Sam Chapin
    Section Image
  • Daniel Gottesman

    Buyer Co-Listing Agent in 2017

    Daniel Gottesman

    Engel & Voelkers Mercer Island

    (206) 898-2505

    3 in this area

    63 Total Sales

    Daniel Gottesman
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1074468

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9285

Washington King County Mercer Island 98040 Island Point

7417 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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Based on information submitted to the MLS GRID

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