5-minute walk to Greta Hackett Outdoor Sculpture Gallery
About This Home
As of May 2014
Street to water, desirable north end location, original Mercer Island Homestead. Value is in the land with the oversized 30,000+ square foot lot that tapers from 105' to 59+ feet WF. Beach. House has been abandoned for many years, was built in 1914, is uninhabitable. No power, water, heat. Owned by the same family for 84 years! No value in house or garage - they will need to be torn down. Nice dock with deep water moorage for 2 sailboats. Perfect location for building new estate-style property.
Home Details
Home Type
Single Family
Est. Annual Taxes
$21,052
Year Built
Built in 1914
Lot Details
0.7 Acre Lot
Low Bank Waterfront Property
59 Feet of Waterfront
Lake Front
Level Lot
Fruit Trees
Garden
Value in Land
Zoning described as R15
Parking
1 Car Garage
Property Views
Lake
City
Home Design
Cabin
Fixer Upper
Block Foundation
Composition Roof
Wood Siding
Interior Spaces
1,500 Sq Ft Home
1-Story Property
Wood Burning Fireplace
Wood Flooring
Unfinished Basement
Schools
Islander Mid Middle School
Mercer Isl High School
Additional Features
Docks
Water Heater
Community Details
North End Subdivision
Listing and Financial Details
Legal Lot and Block 8 / 2
Assessor Parcel Number 5315100120
Home Details
Home Type
Single Family
Est. Annual Taxes
$21,052
Year Built
Built in 1914
Lot Details
0
Parking
1
Listing Details
Property Type: Residential
Property Sub Type: Residential
StyleCode: 16 - 1 Story w/Bsmnt.
Year Built: 1914
Inclusions: LeasedEquipment
MLS Status: Sold
Prev Status: Closed
Architectural Style: Cabin
Building Name: McGilvra Island Ad
Unit Levels: One
New Construction: No
CalculatedSquareFootage: 1500
SeniorExemption: false
Special Features: None
Cumulative Days on Market: 1,043
Interior Features
Fireplaces: 1
Basement: Unfinished
Fireplace Features: Wood Burning
Fireplace: Yes
Flooring: Hardwood
Interior Amenities: Hardwood, Water Heater
Living Area: 1500
Bathrooms: 0
BathsFullMain: 0
SquareFootageFinished: 1500
SquareFootageUnfinished: 830
BathsFullGarage: 0
BathsFullLower: 0
BathsFullUpper: 0
BathsHalfGarage: 0
BathsHalfLower: 0
BathsHalfMain: 0
BathsHalfUpper: 0
BathsThreeQuarterGarage: 0
BathsThreeQuarterLower: 0
BathsThreeQuarterMain: 0
BathsThreeQuarterUpper: 0
BedroomsLower: 0
BedroomsUpper: 0
FireplacesUpper: 1
Exterior Features
Roof: Composition
View: City, Lake
Lot Features: Curbs, Paved, Value In Land
View: Yes
Waterfront Features: Bank-Low, Lake
Waterfront: Yes
Exterior Features: Wood
Foundation Details: Block
Property Condition: Fixer
Structure Type: House
BusLineNearby: false
WaterfrontFootage: 59.34
Garage/Parking
Attached Garage: No
Carport Y N: No
Covered Parking Spaces: 1
Garage Spaces: 1
Garage Yn: Yes
Open Parking: No
Total Parking Spaces: 1
Utilities
Sewer: Available
Water Source: Public
Cooling Y N: No
Heating Yn: No
Utilities: Oil
HeatingCoolingType: None
PowerCompany: Puget Sound Energy
SewerCompany: City Mercer Island
WaterCompany: City Mercer Island
WaterHeaterLocation: None
WaterHeaterType: None
Condo/Co-op/Association
Senior Community: No
Schools
Junior High Dist: Mercer Island
High School: Mercer Isl High
Middle Or Junior School: Islander Mid
Lot Info
Parcel Number: 5315100120
Topography: Level,PartialSlope
Lot Size Acres: 0.6956
Lot Size: irregular
Lot Size Sq Ft: 30300
Zoning Description: R15
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Dock,Moorage
MLSSquareFootageSource: KCAR
ZoningJurisdiction: City
LotNumber: 8
Green Features
Power Production Type: Oil
Rental Info
Furnished: Unfurnished
Tax Info
Year: 2013
Tax Annual Amount: 21052
Multi Family
EnergySource: Oil
MLS Schools
Elementary School: Buyer To Verify
Ownership History
DateNameOwned ForOwner Type
Aug 2016 - PresentBlom Hermann8 Years and 10 Months
Private Individual
Purchase Details
Closed on
Aug 28, 2016
Sold by
7446 Nmw Llc
Bought by
Blom Hermann
Total Days on Market
1
Current Estimated Value
$8,209,010
Aug 2014 - Aug 20167446 Nmw Llc2 Years
Company
Purchase Details
Closed on
Aug 11, 2014
Sold by
Ach Homes Llc
Bought by
7446 Nmw Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage
Apr 2014 - Aug 2014Ach Homes Llc4 Months
Company
Purchase Details
Listed on
Mar 5, 2014
Closed on
Apr 22, 2014
Sold by
Beauford John
Bought by
Ach Homes Llc
List Price
$2,400,000
Sold Price
$2,475,000
Premium/Discount to List
$75,000
3.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.73%
Original Mortgage
$1,485,000
Interest Rate
4.28%
Mortgage Type
Purchase Money Mortgage
Dec 2007 - Apr 2014Beaufort John6 Years and 4 Months
A spotless and stunning new-construction home. Sited on the conveniently located north end with easy access to downtown Mercer Island, I-90, Bellevue and Seattle. Captivating lake and city views! Live exceptionally in this perfectly crafted masterpiece, featuring a great room concept with dramatic views which opens to an expansive deck with built-in barbeque and cooking station, two designer
The epitome of waterfront living on Mercer Island's tranquil north shore. This rare rambler-style beach house offers a serene retreat with 4 bedrooms, including a primary suite boasting stunning views & 5-piece bath. The 85ft of private low-bank waterfront & sandy beach provide the perfect escape. Luther Burbank Park borders the west side, enhancing the natural beauty of the surroundings. Private
Experience superlative Northwest living in this sophisticated and joyous Mercer Island waterfront home. Delight in unobstructed stunning Mt. Rainier views from the private dock and airy and light five bedroom, five bath residence. This classic Cape Cod stunner offers soaring ceilings, hickory hardwood flooring throughout, a chef’s kitchen and three fireplaces. An unusually large, flat lawn and
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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
Blom Hermann
--
--
7446 Nmw Llc
$3,100,000
Chicago Title
Ach Homes Llc
$2,475,000
Chicago Title
Beaufort John
--
None Available
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Open
Hermann Bjom
$3,000,000
Closed
Hermann Bjorn
$2,500,000
Closed
Hermann Bjorn
$3,500,000
Closed
Hermann Bjorn
$1,700,000
Previous Owner
7446 Nmw Llc
$2,000,000
Previous Owner
Ach Homes Llc
$1,485,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
05/01/201405/01/14
Sold
$2,475,000
+3.1%
$1,650 / Sq Ft
03/07/201403/07/14
Pending
--
--
--
03/05/201403/05/14
For Sale
$2,400,000
--
$1,600 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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
$72,407
$11,062,000
$4,539,000
$6,523,000
2023
$71,486
$10,388,000
$4,283,000
$6,105,000
2022
$68,387
$12,431,000
$4,818,000
$7,613,000
2021
$65,630
$9,291,000
$3,966,000
$5,325,000
2020
$70,206
$8,203,000
$3,778,000
$4,425,000
2018
$80,383
$8,703,000
$3,528,000
$5,175,000
2017
$70,694
$8,400,000
$3,393,000
$5,007,000
2016
$29,833
$8,690,000
$3,102,000
$5,588,000
2015
$22,792
$3,570,000
$2,808,000
$762,000
2014
--
$2,606,000
$2,596,000
$10,000
2013
--
$2,417,000
$2,393,000
$24,000
Source: Public Records
Map
Source: Northwest Multiple Listing Service (NWMLS)
This home is located at 7446 N Mercer Way, Mercer Island, WA 98040 since 05 March 2014 and is currently estimated at $8,209,010, approximately $5,472 per square foot. This property was built in 1914. 7446 N Mercer Way is a home located in King County with nearby schools including Northwood 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.
