Seller's Agent in 2021
Nadia Schmieder
BetterHomes&GardensRE Macy&Co.
(425) 677-4734
1 in this area
47 Total Sales
7438 W Mercer Way Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $3,255,000 - $4,248,000
4
Beds
1
Bath
4,260
Sq Ft
$930/Sq Ft
Est. Value
Highlights
- Spa
- Lake View
- Deck
- Lakeridge Elementary School Rated A
- Fruit Trees
- Wood Flooring
About This Home
As of June 2021Outstanding 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!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1778256
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,929
Avg. Annual Appreciation
4.85%
Original Mortgage
$2,800,000
Outstanding Balance
$2,573,376
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,630,288
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
-
Max Rombakh
Buyer's Agent in 2021
Max Rombakh
Windermere Corporate
(206) 227-0737
1 in this area
379 Total Sales
-
Shueli Sun
Seller's Agent in 2016
Shueli Sun
Reaologics Sothebys International Realty
(425) 269-8989
105 Total Sales
Map
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Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1778256
APN: 252404-9318
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.
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. ©2025 NWMLS.
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