NOT LISTED FOR SALE

7438 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,932,000 - $4,322,000

4 Beds
1 Bath
4,260 Sq Ft
$961/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $3,500,000 $822 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $23,505/month

1 Day on Market

Highlights

  • Spa
  • Lake View
  • Deck
  • Lakeridge Elementary School Rated A
  • Fruit Trees
  • Wood Flooring

About This Home

As of June 2021

Outstanding property in outstanding location w/ spectacular west-facing lake, city & mountain views. Top craftmanship in this custom architectural delight featuring a splendid combination of serene & functional. Open-concept kitchen w/ topnotch appliances & walk-in pantry, lovely outdoor living spaces including lawn, garden, patio & decks. Main floor guest suite or media room w/ own separate entrance. Large office w/ built-in desk & shelves. Retreat to the primary suite w/ views larger than life, cozy fireplace, private balcony perfect for the fresh built-in Miele Nespresso, spa-like bath w/ tile shower, jetted tub & heated floor. Three-car garage w/ storage cabinets. Tucked on quiet lane close to schools, parks. Home of the WOW factor!

Last Agent to Sell the Property

Nadia Schmieder

BetterHomes&GardensRE Macy&Co. License #116461 Listed on: 05/21/2021

BetterHomes&GardensRE Macy&Co.

Last Buyer's Agent

Max Rombakh

Windermere Real Estate/East License #27538

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1778256

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,486

Year Built

  • Built in 2000

Lot Details

  • Street terminates at a dead end
  • Sloped Lot
  • Fruit Trees
  • Wooded Lot
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Tile Roof
  • Stucco

Interior Spaces

  • 1 Bathroom
  • 3 Fireplaces
  • Unfinished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • West Mercer Community

Listing and Financial Details

  • Assessor Parcel Number 2524049318

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,486

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Security System, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 3.25
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Basement: Unfinished
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4260
  • Square Footage Finished: 4260

Exterior Features

  • Exterior: Cement/Concrete, Stucco
  • Foundation: Poured Concrete
  • Roof: Tile
  • View: City, Lake, Mountain, Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Central A/C, Heat Pump, Radiant
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: basement-gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: West Mercer

Schools

  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Dimensions: 18000
  • Lot Sq Ft: 18000
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Partial Slope, Wooded
  • Parcel Number: 2524049318
  • Lot Topography: Fruit Trees, Garden Space, Partial Slope, Wooded

Tax Info

  • Tax Amount: 19064

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 14, 2021
Sold by
Turcanu Calin and Balanescu Zimmer Daniela
Bought by
Olusanya Lookman Adebola and Olusanya Aisha
Seller's Agent
Nadia Schmieder
BetterHomes&GardensRE Macy&Co.
Buyer's Agent
Max Rombakh
Windermere Real Estate/East
List Price
$3,250,000
Sold Price
$3,500,000
Premium/Discount to List
$250,000
7.69%
Current Estimated Value
$4,092,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$592,563
Avg. Annual Appreciation
3.59%
Original Mortgage
$2,800,000
Outstanding Balance
$2,535,051
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,557,512

Purchase Details

Listed on
Aug 17, 2016
Closed on
Sep 6, 2016
Sold by
Tang Zihan
Bought by
Turcanu Calin and Balanescu Zimmer Daniela Ilse
Seller's Agent
Shueli Sun
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Nadia Schmieder
BetterHomes&GardensRE Macy&Co.
List Price
$2,330,000
Sold Price
$2,330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%
Original Mortgage
$1,530,000
Interest Rate
3.43%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 28, 2014
Sold by
Stamnes Paul A and Stamnes Michelle V
Bought by
Tang Zihan

Purchase Details

Closed on
Jun 18, 2007
Sold by
Batra Manbir S and Elaine Batra M
Bought by
Stamnes Paul A and Stamnes Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 1999
Sold by
Aspen Homes
Bought by
Batra Manbir S and Elaine Batra M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olusanya Lookman Adebola $3,500,000 First American Title
Turcanu Calin $2,330,000 First American
Tang Zihan $2,000,000 First American
Stamnes Paul A $2,005,000 Transnation Ti
Batra Manbir S $600,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olusanya Lookman Adebola $2,800,000
Previous Owner Turcanu Calin $1,530,000
Previous Owner Stamnes Paul A $1,150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2021 06/21/21 Sold $3,500,000 +7.7% $822 / Sq Ft
05/22/2021 05/22/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $3,250,000 +39.5% $763 / Sq Ft
09/26/2016 09/26/16 Sold $2,330,000 0.0% $547 / Sq Ft View Prior Sale
08/25/2016 08/25/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $2,330,000 -- $547 / 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 $23,486 $3,586,000 $1,585,000 $2,001,000
2023 $23,107 $3,368,000 $1,496,000 $1,872,000
2022 $20,740 $3,767,000 $1,683,000 $2,084,000
2021 $19,910 $2,816,000 $1,386,000 $1,430,000
2020 $19,064 $2,487,000 $1,320,000 $1,167,000
2018 $18,490 $2,362,000 $1,191,000 $1,171,000
2017 $16,142 $2,131,000 $1,077,000 $1,054,000
2016 $15,014 $1,983,000 $985,000 $998,000
2015 $14,471 $1,796,000 $892,000 $904,000
2014 -- $1,654,000 $825,000 $829,000
2013 -- $1,368,000 $673,000 $695,000
Source: Public Records

Agents Affiliated with this Home

  • Nadia Schmieder

    Seller's Agent in 2021

    Nadia Schmieder

    BetterHomes&GardensRE Macy&Co.

    (425) 677-4734

    1 in this area

    43 Total Sales

    Nadia Schmieder
    Section Image
  • Max Rombakh

    Buyer's Agent in 2021

    Max Rombakh

    Windermere Corporate

    (206) 227-0737

    1 in this area

    382 Total Sales

    Max Rombakh
    Section Image
  • Shueli Sun

    Seller's Agent in 2016

    Shueli Sun

    Reaologics Sothebys International Realty

    (425) 269-8989

    96 Total Sales

    Shueli Sun
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1778256

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9318

Washington King County Mercer Island 98040 Island Point

7438 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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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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