7446 N Mercer Way Mercer Island, WA 98040
North Mercer NeighborhoodEstimated Value: $5,702,000 - $9,259,923
Highlights
- Low Bank Waterfront Property
- Docks
- 0.7 Acre Lot
- Northwood Elementary School Rated A
- Lake View
- 5-minute walk to Greta Hackett Outdoor Sculpture Gallery
About This Home
As of May 2014Street 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
Ownership History
Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Values in the Area
Average Home Value in this Area
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 |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 7446 Nmw Llc | $2,000,000 | |
| Previous Owner | Ach Homes Llc | $1,485,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2014 05/01/14 | Sold | $2,475,000 | +3.1% | $1,650 / Sq Ft |
| 03/07/2014 03/07/14 | Pending | -- | -- | -- |
| 03/05/2014 03/05/14 | For Sale | $2,400,000 | -- | $1,600 / Sq Ft |
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 | $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 |
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 600949
APN: 531510-0120
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Based on information submitted to the MLS GRID
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