Listed by Realogics Sotheby's Int'l Rlty, Bought with Windermere Real Estate/East
NOT LISTED FOR SALE

7431 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,434,452 - $4,378,000

4 Beds
3 Baths
3,900 Sq Ft
$1,006/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $2,637,500 $676 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $22,414/month

14 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Waterfront Community
  • Deck
  • Lakeridge Elementary School Rated A
  • Lake View
  • Northwest Architecture

About This Home

As of June 2018

Stunning 180 views of Lake Washington from every level of this gorgeous remodeled home. Completely re-imagined in 2016 with wide white oak floors, white on white designer kitchen with Calacatta marble countertops, Restoration Hardware baths, and much more. The details and finish work in this home are stunning, from the shiplap walls, granite fireplace, barn door treatments, plush carpets, to the tile work. This Beach House retreat even includes a private beach shared only by 2 other homes.

Last Agent to Sell the Property

Robyn Kimura-Hsu

Realogics Sotheby's Int'l Rlty License #72569 Listed on: 05/04/2018

Realogics Sotheby's Int'l Rlty

Co-Listed By

Rachel Schindler

Realogics Sotheby's Int'l Rlty License #27729

Last Buyer's Agent

Max Rombakh

Windermere Real Estate/East License #27538

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1286290

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,817

Year Built

  • Built in 1986

Lot Details

  • Low Bank Waterfront Property

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

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

Interior Spaces

  • 3 Bathrooms
  • 1 Fireplace
  • Dryer
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2524049215

Community Details

Overview

  • Mercer Island Community

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,817

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Security System, Skylights, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 3
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 1
  • Bathrooms: 3.25
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Dining Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3900
  • Square Footage Finished: 3900

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain, Territorial
  • Waterfront: Bank-Low, Lake

Garage/Parking

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

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Tankless Water Heater
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Garage-Tankless
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island
  • Community Features: Community Waterfront/Pvt Beach

Schools

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

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 17000
  • Parcel Number: 2524049215

Tax Info

  • Tax Amount: 15450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
Jun 2, 2018
Sold by
Hoffmann James and Hoffmann Grace
Bought by
Long Chee Seng and Chua Hui Hoon
Seller's Agent
Robyn Kimura-Hsu
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Max Rombakh
Windermere Real Estate/East
List Price
$2,698,000
Sold Price
$2,637,500
Premium/Discount to List
-$60,500
-2.24%
Current Estimated Value
$3,729,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,091,717
Avg. Annual Appreciation
4.99%
Original Mortgage
$1,978,125
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2016
Closed on
Sep 7, 2016
Sold by
Richardson Lauren J and Richardson Brett A
Bought by
Hoffmann James and Hoffman Grace
Seller's Agent
Robyn Kimura-Hsu
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Melissa Boucher
Windermere Real Estate Midtown
List Price
$2,369,000
Sold Price
$2,379,000
Premium/Discount to List
$10,000
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%

Purchase Details

Listed on
Feb 22, 2015
Closed on
May 1, 2015
Sold by
Fu Liqun and Tian Jie
Bought by
Richardson Lauren J and Richardson Brett A
Seller's Agent
Robyn Kimura-Hsu
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Michele Lussier
John L. Scott, Inc.
List Price
$1,639,000
Sold Price
$1,564,350
Premium/Discount to List
-$74,650
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.91%
Original Mortgage
$1,251,480
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2010
Sold by
Cartus Financial Corporation
Bought by
Fu Liqun and Tian Jie

Purchase Details

Closed on
May 29, 2007
Sold by
Edleson Jeffrey L and Shetty Sudha
Bought by
Nakagaki Mitchell J and Nakagaki Andrea E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 11, 2004
Sold by
Sparks Patricia Jo
Bought by
Edleson Jeffrey L and Shetty Sudha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 1998
Sold by
Brooks Eileen Grace
Bought by
Sparks Patricia Jo

Purchase Details

Closed on
Mar 26, 1998
Sold by
Rafferty Terry E
Bought by
Sparks Patricia J and Brooks Eileen Grace

Purchase Details

Closed on
Oct 6, 1993
Sold by
Small Donald F and Small Evelyn M
Bought by
Sorgenfrei Kennon B and Sorgenfrei Kay A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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Average Value
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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
Long Chee Seng $2,637,500 Old Republic Title Ltd
Hoffmann James $2,379,000 Ticor National
Richardson Lauren J $1,564,350 Old Republic
Fu Liqun $1,420,000 First American
Cartus Financial Corporation $1,420,000 First American
Nakagaki Mitchell J $1,670,000 Transnation Ti
Edleson Jeffrey L $1,065,000 Lawyers Title
Sparks Patricia Jo -- --
Sparks Patricia J $750,000 Chicago Title Insurance Co
Sorgenfrei Kennon B -- Chicago Title Insurance Comp
Silsby John J $665,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Long Chee Seng $1,930,000
Closed Long Chee Seng $1,955,000
Closed Long Chee Seng $1,978,125
Previous Owner Richardson Lauren J $1,251,480
Previous Owner Nakagaki Andrea E $235,000
Previous Owner Nakagaki Mitchell J $1,100,000
Previous Owner Edleson Jeffrey L $840,900
Previous Owner Edleson Jeffrey L $850,000
Previous Owner Silsby John J $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2018 06/08/18 Sold $2,637,500 -2.2% $676 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $2,698,000 +13.4% $692 / Sq Ft
09/29/2016 09/29/16 Sold $2,379,000 +0.4% $638 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $2,369,000 +51.4% $635 / Sq Ft
05/08/2015 05/08/15 Sold $1,564,350 -4.6% $419 / Sq Ft
03/27/2015 03/27/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $1,639,000 -- $439 / 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 $21,817 $3,331,000 $1,791,000 $1,540,000
2023 $21,539 $3,128,000 $1,690,000 $1,438,000
2022 $18,775 $3,499,000 $1,902,000 $1,597,000
2021 $18,022 $2,549,000 $1,566,000 $983,000
2020 $18,977 $2,251,000 $1,492,000 $759,000
2018 $14,632 $2,351,000 $1,134,000 $1,217,000
2017 $15,450 $1,686,000 $820,000 $866,000
2016 $12,893 $1,898,000 $938,000 $960,000
2015 $12,425 $1,542,000 $849,000 $693,000
2014 -- $1,420,000 $785,000 $635,000
2013 -- $1,264,000 $947,000 $317,000
Source: Public Records

Agents Affiliated with this Home

  • Robyn Kimura-Hsu

    Seller's Agent in 2018

    Robyn Kimura-Hsu

    Reaologics Sothebys International Realty

    (206) 295-2247

    7 in this area

    142 Total Sales

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  • Rachel Schindler

    Seller Co-Listing Agent in 2018

    Rachel Schindler

    Reaologics Sothebys International Realty

    (206) 250-5622

    5 in this area

    144 Total Sales

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  • Max Rombakh

    Buyer's Agent in 2018

    Max Rombakh

    Windermere Corporate

    (206) 227-0737

    1 in this area

    388 Total Sales

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  • M

    Buyer's Agent in 2016

    Melissa Boucher

    Windermere Corporate

    (206) 402-9556

    2 in this area

    43 Total Sales

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  • Michele Lussier

    Buyer's Agent in 2015

    Michele Lussier

    John L Scott

    (206) 713-9046

    77 Total Sales

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1286290

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9215

Washington King County Mercer Island 98040 Island Point

7431 W Mercer Way, Mercer Island, WA

This home is located at 7431 W Mercer Way, Mercer Island, WA 98040 since 04 May 2018 and is currently estimated at $3,922,363, approximately $1,005 per square foot. This property was built in 1986. 7431 W Mercer Way 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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