Listed by Windermere Real Estate/East, Bought with Pilot Ventures LLC
NOT LISTED FOR SALE

7423 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $4,383,000 - $5,111,443

4 Beds
5 Baths
5,530 Sq Ft
$850/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $2,984,000 $540 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $26,947/month

80 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Wine Cellar
  • Lakeridge Elementary School Rated A
  • Second Kitchen
  • Spa

About This Home

As of September 2020

Only a short walk to your 24 feet of private waterfront plus new two owner shared dock with a boat lift, this meticulously maintained multi-level home includes phenomenal lake, mountain, and Seattle views from almost every room. Bright and open living spaces, three balconies plus a private deck. Extensive fully fenced yard. Opulent master suite and balcony on top floor, 2 en-suites above the main plus one ensuite and second kitchen on lower floor. Perfect for indoor and outdoor entertaining!

Last Agent to Sell the Property

Julie Scozzafave

Windermere Real Estate/East License #11175 Listed on: 06/12/2020

Windermere Real Estate/East

Co-Listed By

Chris Valentino

Windermere Real Estate/East License #25009

Last Buyer's Agent

Casey Zejdlik

Pilot Ventures LLC License #88121

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1614862

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,192

Year Built

  • Built in 1987

Lot Details

  • 0.39 Acre Lot
  • Low Bank Waterfront Property
  • 24 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in very good condition

Parking

  • 3 Car Attached Garage
  • RV Access or Parking

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 5,530 Sq Ft Home
  • Multi-Level Property
  • Vaulted Ceiling
  • Skylights
  • 3 Fireplaces
  • Gas Fireplace
  • French Doors
  • Wine Cellar
  • Dining Room
  • Solarium
  • Sauna
  • Storm Windows
  • Finished Basement

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • Westside Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,192

Year Built

Built in 1987

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 15 - Multi Level
  • Year Built: 1987
  • Buyer Agency Compensation: 3
  • Inclusions: Dishwashers,DoubleOven,Dryers,GarbageDisposal,Microwaves,RangeOven,Refrigerators,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 5530
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/1614862?w=Consumer&agent=98398
  • Special Features: None

Interior Features

  • Fireplaces: 3
  • Basement: Finished
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Disposal, Microwave(s), Range/Oven, Refrigerator(s), Washer(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Central A/C, Ceramic Tile, Hardwood, Wall to Wall Carpet, Second Kitchen, Wine Cellar, Bath Off Primary, Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Sauna, Skylight(s), Solarium/Atrium, Vaulted Ceiling(s), Walk-In Pantry, Walk-In Closet(s), Fireplace
  • Living Area: 5530
  • Main Level Bathrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 5530
  • SquareFootageUnfinished: 714
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 2
  • BedroomsLower: 1
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Range/Oven,Refrigerator(s),Washer(s)

Exterior Features

  • Roof: Torch Down
  • View: City, Lake, Mountain(s), Territorial
  • Lot Features: Alley, Curbs, Dead End Street, Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Lake
  • Waterfront: Yes
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: true
  • WaterfrontFootage: 24

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: Mercer Island
  • WaterCompany: Mercer Island

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: 2524049299
  • Topography: Level,PartialSlope
  • Lot Size Acres: 0.3927
  • Lot Size Sq Ft: 17106
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Fully,Gas Available,High Speed Internet,Hot Tub/Spa,Patio,RV Parking,Sprinkler System
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Natural Gas

Tax Info

  • Year: 2020
  • Tax Annual Amount: 23192

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Lakeridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2020
Closed on
Sep 18, 2020
Sold by
Kopjar Branko and The Branko Kopjar Revocable Li
Bought by
Gribble Jacob and Gribble Stephanie
Seller's Agent
Julie Scozzafave
Windermere Real Estate/East
Buyer's Agent
Casey Zejdlik
Pilot Ventures LLC
List Price
$3,200,000
Sold Price
$2,984,000
Premium/Discount to List
-$216,000
-6.75%
Current Estimated Value
$4,699,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,715,861
Avg. Annual Appreciation
9.15%
Original Mortgage
$1,250,000
Outstanding Balance
$1,090,055
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$3,609,806

Purchase Details

Closed on
Feb 12, 2019
Sold by
Kopjar Branko
Bought by
Kopjar Branko and Branko Kopjar Revocable Living Trust

Purchase Details

Closed on
Dec 7, 2006
Sold by
Mcbride David Loveland and Mcbride Ching Lee
Bought by
Kopjar Branko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,430,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 1994
Sold by
Dinicola Robert J and Dinicola Jeanne C
Bought by
Mcbride David L and Mcbride Ching L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
8.3%
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
Gribble Jacob $2,984,000 Wfg Natl Ttl Co Of Wa Llc
Kopjar Branko -- None Available
Kopjar Branko $1,830,000 Chicago Title
Mcbride David L $820,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gribble Jacob $1,250,000
Previous Owner Kopjar Branko $1,430,000
Previous Owner Mcbride David L $395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2020 09/22/20 Sold $2,984,000 -5.3% $540 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/26/2020 08/26/20 Price Changed $3,150,000 -1.6% $570 / Sq Ft
06/12/2020 06/12/20 For Sale $3,200,000 -- $579 / 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 $26,417 $4,034,000 $1,841,000 $2,193,000
2023 $26,087 $3,789,000 $1,737,000 $2,052,000
2022 $29,136 $4,238,000 $1,954,000 $2,284,000
2021 $27,964 $3,087,000 $1,609,000 $1,478,000
2020 $23,192 $3,494,000 $1,533,000 $1,961,000
2018 $24,066 $2,874,000 $1,212,000 $1,662,000
2017 $20,322 $2,774,000 $1,166,000 $1,608,000
2016 $18,907 $2,497,000 $1,066,000 $1,431,000
2015 $18,220 $2,262,000 $965,000 $1,297,000
2014 -- $2,083,000 $892,000 $1,191,000
2013 -- $1,777,000 $1,036,000 $741,000
Source: Public Records

Agents Affiliated with this Home

  • Julie Scozzafave

    Seller's Agent in 2020

    Julie Scozzafave

    Windermere Corporate

    (425) 417-3566

    102 Total Sales

    Julie Scozzafave
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Chris Valentino

    Windermere Corporate

    (425) 455-9800

    2 Total Sales

    Chris Valentino
    Section Image

  • C

    Buyer's Agent in 2020

    Casey Zejdlik

    Pilot Ventures LLC

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1614862

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9299

Washington King County Mercer Island 98040 Island Point

7423 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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