NOT LISTED FOR SALE

7438 SE 40th St Mercer Island, WA 98040

Mercerdale Neighborhood

Estimated Value: $2,450,000 - $3,365,000

4 Beds
3 Baths
3,300 Sq Ft
$892/Sq Ft Est. Value

About This Home

This home is located at 7438 SE 40th St, Mercer Island, WA 98040 and is currently estimated at $2,945,117, approximately $892 per square foot. 7438 SE 40th St is a home located in King County with nearby schools including West Mercer Elementary School, Islander Middle School, and Mercer Island High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2008
Sold by
Cartus Financial Corp
Bought by
Krauser Jary J and Krauser Niyati S
Current Estimated Value
$2,945,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2008
Sold by
Davies Christa and Davies Christina M
Bought by
Cartus Financial Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2007
Sold by
Hall Dowd Susan
Bought by
Jones Shawn Casey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 17, 2007
Sold by
Jones Shawn Casey
Bought by
Davies Christa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2006
Sold by
Jones Shawn Casey
Bought by
Dowd Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 12, 2005
Sold by
Dowd Richard Owen
Bought by
Jones Casey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 18, 2000
Sold by
Hall Dowd Susan Lee
Bought by
Dowd Richard Owen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
12.75%

Purchase Details

Closed on
Jul 17, 2000
Sold by
Dowd Merle E and Dowd Anne H
Bought by
Dowd Richard Owen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
12.75%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Krauser Jary J $1,100,000 First American
Cartus Financial Corp $1,100,000 First American
Jones Shawn Casey -- Fidelity Natio
Davies Christa $1,340,000 Fidelity Natio
Dowd Richard -- None Available
Jones Casey $1,150,000 Stewart Title
Dowd Richard Owen -- Old Republic Title Ltd
Dowd Richard Owen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krauser Jary J $300,000
Closed Krauser Jary J $415,000
Closed Krauser Jary J $415,000
Previous Owner Davies Christa $1,000,000
Previous Owner Jones Shawn Casey $800,000
Previous Owner Jones Shawn Casey $325,000
Previous Owner Jones Casey $920,000
Previous Owner Dowd Richard Owen $150,000
Closed Jones Casey $115,000
Source: Public Records

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 $18,309 $2,795,000 $1,866,000 $929,000
2023 $18,014 $2,625,000 $1,761,000 $864,000
2022 $15,758 $2,936,000 $1,982,000 $954,000
2021 $15,127 $2,139,000 $1,632,000 $507,000
2020 $14,715 $1,889,000 $1,555,000 $334,000
2018 $14,276 $1,823,000 $1,154,000 $669,000
2017 $12,059 $1,645,000 $1,044,000 $601,000
2016 $11,222 $1,481,000 $955,000 $526,000
2015 $9,112 $1,342,000 $865,000 $477,000
2014 -- $1,041,000 $800,000 $241,000
2013 -- $915,000 $712,000 $203,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Mercerdale

7438 SE 40th St, Mercer Island, WA

This home is located at 7438 SE 40th St, Mercer Island, WA 98040 and is currently estimated at $2,945,117, approximately $892 per square foot. 7438 SE 40th St is a home located in King County with nearby schools including West Mercer 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.

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