NOT LISTED FOR SALE

Estimated Value: $3,919,000 - $4,470,000

4 Beds
1 Bath
4,260 Sq Ft
$979/Sq Ft Est. Value

Last Sold June 21, 2021

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

Est. 19% increase in value since last sale

Current estimated payment $25,251/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

  • Elementary School: Lakeridge Elem
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • 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%
Total Days on Market
1
Current Estimated Value
$4,169,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$669,650
Avg. Annual Appreciation
3.16%
Original Mortgage
$2,800,000
Outstanding Balance
$2,562,492
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,400,437

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

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Range of Values:

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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 $850,000
Previous Owner Stamnes Paul A $847,000
Previous Owner Stamnes Paul A $850,000
Previous Owner Stamnes Paul A $850,000
Previous Owner Stamnes Paul A $197,000
Previous Owner Stamnes Paul A $1,000,000
Previous Owner Stamnes Paul A $100,000
Previous Owner Stamnes Paul A $1,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1778256

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9318