NOT LISTED FOR SALE

7441 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $6,512,000 - $7,472,000

5 Beds
2 Baths
4,580 Sq Ft
$1,513/Sq Ft Est. Value

Last Sold May 18, 2016

Last sale price $3,550,000 $775 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $41,223/month

28 Days on Market

Highlights

  • Docks
  • Spa
  • Deck
  • Lakeridge Elementary School Rated A
  • Lake View
  • 3 Fireplaces

About This Home

As of May 2016

Refreshing, Refined, Waterfront; Western skies & lake frame year round playground; 96 ft choice wft, yachtsman dock, boat & jetski lifts, stairway to water, cabana w/ AC, salt-water spa, beachside fire pit, level lawn & outdoor BBQ. The epitome of casual elegance in this modern, light-filled home organically designed for indoor/outdoor lifestyle. Large living/dining/family rms w/ views, expansive entertaining deck, chef’s kitchen. SONOS sound system, radiant heat. Detached 2 bdrm guest house.

Last Agent to Sell the Property

Cynthia Schoonmaker

Windermere Mercer Island License #11207 Listed on: 03/01/2016

Windermere Mercer Island

Last Buyer's Agent

Larry Williams

Windermere Mercer Island License #74738

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM899347

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,278

Year Built

  • Built in 1948

Lot Details

  • Level Lot
  • Sprinkler System
  • Garden
  • Property is zoned R15

Parking

  • Detached Garage

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 3 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Westside Community

Listing and Financial Details

  • Assessor Parcel Number 2524049030

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,278

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wet Bar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, French Doors, High Tech Cabling, Sauna, Security System, Skylights, Vaulted Ceilings
  • Floor Covering: Ceramic Tile, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 1
  • Bathrooms: 4.00
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Three Quarter Bathrooms Lower: 1
  • Garage Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Extra Finished Room: Upper
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4580
  • Square Footage Finished: 4580

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Cedar Shake
  • View: City, Lake, Mountain
  • Waterfront: Lake
  • Waterfront Frontage: 96

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Baseboard, Central A/C, Radiant
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Heater: Crawl Space-75 gallon
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Westside

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 26600
  • Lot Topography Vegetation: Garden Space, Level, Sloped
  • Parcel Number: 2524049030
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level, Sloped

Tax Info

  • Tax Amount: 26568

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
May 9, 2016
Sold by
7441 West Mercer Way Llc
Bought by
Wolgamott Leslie M
Seller's Agent
Cynthia Schoonmaker
Windermere Mercer Island
Buyer's Agent
Larry Williams
Windermere Mercer Island
List Price
$3,788,000
Sold Price
$3,550,000
Premium/Discount to List
-$238,000
-6.28%
Current Estimated Value
$6,931,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,381,802
Avg. Annual Appreciation
7.35%
Original Mortgage
$2,662,500
Outstanding Balance
$2,128,378
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,695,738

Purchase Details

Listed on
Apr 15, 2013
Closed on
Sep 24, 2013
Sold by
Ellefsen Franklin C and Ellefsen Eileen M
Bought by
7441 West Mercer Way Llc
Seller's Agent
Joan Bayley
Windermere Real Estate/East
Buyer's Agent
Cynthia Schoonmaker
Windermere Mercer Island
List Price
$3,390,000
Sold Price
$3,010,000
Premium/Discount to List
-$380,000
-11.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$1,500,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2008
Sold by
Holmgren Michael G and Holmgren Kathy J
Bought by
Ellefsen Frank C and Ellefsen Eileen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.88%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 27, 2004
Sold by
Holmgren Michael G and Holmgren Kathy J
Bought by
Holmgren Michael G and Holmgren Kathy J

Purchase Details

Closed on
Jun 16, 1999
Sold by
Maltz Lawrence C and Maltz Agata C
Bought by
Holmgren Michael G and Holmgren Kathy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.75%

Purchase Details

Closed on
Mar 12, 1993
Sold by
Rubin William and Rubin Jane H
Bought by
Maltz Lawrence C and Maltz Agata C

Purchase Details

Closed on
May 4, 1992
Sold by
Carter Donald E and Patricia Ann
Bought by
Rubin Willaim and Rubin Jane H
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wolgamott Leslie M $3,550,000 Chicago Title
7441 West Mercer Way Llc $3,010,000 Fidelity Natio
Ellefsen Frank C $3,650,000 Rainier Title
Holmgren Michael G -- --
Holmgren Michael G $2,775,000 Transnation Title Insurance
Maltz Lawrence C $1,030,000 --
Rubin Willaim $1,025,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolgamott Leslie M $2,662,500
Previous Owner 7441 West Mercer Way Llc $1,500,000
Previous Owner Ellefsen Franklin C $417,000
Previous Owner Ellefsen Franklin C $1,500,000
Previous Owner Holmgren Michael G $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2016 05/18/16 Sold $3,550,000 -6.3% $775 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $3,788,000 +25.8% $827 / Sq Ft
10/03/2013 10/03/13 Sold $3,010,000 -11.2% $664 / Sq Ft
08/13/2013 08/13/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $3,390,000 -- $748 / 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 $35,278 $5,388,000 $3,208,000 $2,180,000
2023 $34,831 $5,060,000 $3,027,000 $2,033,000
2022 $31,145 $5,659,000 $3,406,000 $2,253,000
2021 $29,892 $4,230,000 $2,804,000 $1,426,000
2020 $33,264 $3,735,000 $2,671,000 $1,064,000
2018 $34,393 $4,123,000 $3,131,000 $992,000
2017 $29,522 $3,965,000 $3,011,000 $954,000
2016 $27,469 $3,628,000 $2,753,000 $875,000
2015 $26,568 $3,287,000 $2,492,000 $795,000
2014 -- $3,038,000 $2,304,000 $734,000
2013 -- $2,277,000 $2,276,000 $1,000
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Schoonmaker

    Seller's Agent in 2016

    Cynthia Schoonmaker

    Windermere Corporate

    (206) 683-2725

    2 in this area

    29 Total Sales

    Section Image
  • Larry Williams

    Buyer's Agent in 2016

    Larry Williams

    Windermere Corporate

    (425) 445-9870

    2 in this area

    12 Total Sales

    Section Image
  • Joan Bayley

    Seller's Agent in 2013

    Joan Bayley

    Windermere Corporate

    (206) 940-4611

    66 Total Sales

    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM899347

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9030

Washington King County Mercer Island 98040 Island Point

7441 W Mercer Way, Mercer Island, WA

This home is located at 7441 W Mercer Way, Mercer Island, WA 98040 since 01 March 2016 and is currently estimated at $6,931,802, approximately $1,513 per square foot. This property was built in 1948. 7441 W Mercer Way is a home located in King County with nearby schools including Lakeridge 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.

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

Nearby Homes