7432 N Mercer Way Mercer Island, WA 98040
North Mercer NeighborhoodEstimated Value: $5,545,000 - $8,153,115
6
Beds
5
Baths
4,060
Sq Ft
$1,764/Sq Ft
Est. Value
About This Home
This home is located at 7432 N Mercer Way, Mercer Island, WA 98040 and is currently estimated at $7,162,705, approximately $1,764 per square foot. 7432 N Mercer Way is a home located in King County with nearby schools including Northwood Elementary School, Islander Middle School, and Mercer Island High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 5, 2007
Sold by
Okeefe Timothy M
Bought by
Simchuck Carrie C and The 7432 Mercer Trust
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$689,271
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$6,473,434
Purchase Details
Closed on
May 28, 2004
Sold by
Schulze Gary F
Bought by
Okeefe Timothy M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 15, 1999
Sold by
Schulze Marie J
Bought by
Schulze Marie J and Marie J Schulze Qualified Personal Resid
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Simchuck Carrie C | $6,999,999 | Chicago Title | |
| Okeefe Timothy M | $3,320,000 | Transnation Ti | |
| Schulze Marie J | -- | -- | |
| Schulze Gary F | -- | -- | |
| Schulze Gary F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Simchuck Carrie C | $1,100,000 | |
| Previous Owner | Okeefe Timothy M | $1,300,000 |
Source: Public Records
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 | $51,892 | $7,927,000 | $3,986,000 | $3,941,000 |
| 2023 | $51,232 | $7,444,000 | $3,761,000 | $3,683,000 |
| 2022 | $49,012 | $8,908,000 | $4,231,000 | $4,677,000 |
| 2021 | $47,041 | $6,658,000 | $3,483,000 | $3,175,000 |
| 2020 | $54,616 | $5,879,000 | $3,318,000 | $2,561,000 |
| 2018 | $56,668 | $6,770,000 | $3,099,000 | $3,671,000 |
| 2017 | $49,457 | $6,534,000 | $2,980,000 | $3,554,000 |
| 2016 | $45,995 | $6,079,000 | $2,724,000 | $3,355,000 |
| 2015 | $44,313 | $5,505,000 | $2,466,000 | $3,039,000 |
| 2014 | -- | $5,068,000 | $2,280,000 | $2,788,000 |
| 2013 | -- | $5,523,000 | $2,364,000 | $3,159,000 |
Source: Public Records
Map
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