NOT LISTED FOR SALE

7455 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $7,203,710 - $7,932,000

4 Beds
4 Baths
6,316 Sq Ft
$1,198/Sq Ft Est. Value

Last Sold July 03, 2014

Last sale price $3,400,000 $538 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $45,763/month

61 Days on Market

About This Home

As of July 2014

Custom built in 2005 this stunning contemporary is sited on 90 ft of waterfront with a private dock, sandy beach, fire pit and hot tub. Versatile floor plan perfect for entertaining and a guest house with full kitchen, living room, fireplace, laundry and bath. View decks, lush gardens, hardwood floors throughout with thought given to living on the waterfront in spaces that are comfortable and welcoming. Chef's kitchen complete with walk in pantry, pizza oven and cozy sitting area!

Last Listed By

Jane Potashnick

Coldwell Banker Bain License #38566 Listed on: 03/18/2014

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM606183

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$43,536

Year Built

2005

Lot Details

0

Listing Details

  • Condition: Very Good
  • Sq Ft Finished: 6316
  • Form 17: Provided
  • Special Features: None
  • Year Built: 2005

Interior Features

  • Appliances: Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Oven
  • Fireplaces: 2
  • Basement: Fully Finished
  • Features: 2nd Kitchen, Wet Bar, Wine Cellar, Bath Off Master, Double Pane/Storm Window, Dining Room, Fireplace in Master Bedroom, High Tech Cabling, Loft, Security System, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet

Exterior Features

  • Roof: Composition
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Dead End Street, Paved Street, Secluded
  • Roof: Composition
  • Site Features: Cable TV, Deck, Dock, Natural Gas Available, High Speed Internet, Hot Tub/Spa, Outbuildings, Sprinkler System
  • View: Lake, Mountain
  • Waterfront: Low Bank, Lake
  • Lot Topography: Fruit Trees, Garden Space, Partial Slope, Wooded

Garage/Parking

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

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Oven
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2017
Sold by
Kirwan Timothy A and Kirwan Karen S
Bought by
Bassett Douglas E and Mayer Melanie L
Total Days on Market
61
Current Estimated Value
$7,563,678

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
Outstanding Balance
$1,240,545
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$6,484,027

Purchase Details

Listed on
Mar 18, 2014
Closed on
Jun 23, 2014
Sold by
Lehman Adam K and Lehman Constance D
Bought by
Kirwan Timothy A and Kirwan Karen S
Seller's Agent
Jane Potashnick
Coldwell Banker Bain
Buyer's Agent
John Pettas
HomeSmart Real Estate Assoc
List Price
$3,800,000
Sold Price
$3,400,000
Premium/Discount to List
-$400,000
-10.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$900,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2012
Sold by
Lehman Adam and Lehman Connie
Bought by
Gribble Vance and Gribble Judy

Purchase Details

Closed on
Jun 12, 2003
Sold by
7455 West Mercer Way Llc
Bought by
Lehman Adam K and Lehman Constance D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2002
Sold by
Wells Donald G and Wells David G
Bought by
7455 West Mercer Way Llc

Purchase Details

Closed on
Dec 18, 1992
Sold by
Wells Michael M-Estate
Bought by
Ferguson Terri and Wells Craig V+

Range of Values:

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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
Bassett Douglas E $5,000,000 Chicago Title Company Of Wa
Kirwan Timothy A $3,400,000 Fidelity Natio
Gribble Vance -- None Available
Lehman Adam -- None Available
Lehman Adam K $1,650,000 Chicago Title
7455 West Mercer Way Llc -- --
Ferguson Terri -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bassett Douglas E $1,500,000
Previous Owner Kirwan Timothy A $900,000
Previous Owner Lehman Adam K $2,000,000
Previous Owner Lehman Adam K $795,000
Previous Owner Lehman Adam K $225,000
Previous Owner Lehman Adam K $2,305,000
Previous Owner Lehman Adam K $200,000
Previous Owner Lehman Adam K $2,275,000
Previous Owner Lehman Adam K $2,289,000
Previous Owner Lehman Adam K $1,000,000
Previous Owner Lehman Adam K $200,000
Previous Owner Lehman Adam K $1,155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2014 07/03/14 Sold $3,400,000 -10.5% $538 / Sq Ft
05/19/2014 05/19/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $3,800,000 -- $602 / 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 $43,536 $6,650,000 $3,654,000 $2,996,000
2023 $42,983 $6,245,000 $3,448,000 $2,797,000
2022 $38,430 $6,984,000 $3,879,000 $3,105,000
2021 $36,883 $5,220,000 $3,193,000 $2,027,000
2020 $37,890 $4,609,000 $3,041,000 $1,568,000
2018 $39,170 $4,696,000 $2,712,000 $1,984,000
2017 $33,621 $4,516,000 $2,608,000 $1,908,000
2016 $31,278 $4,132,000 $2,384,000 $1,748,000
2015 $30,257 $3,743,000 $2,158,000 $1,585,000
2014 -- $3,460,000 $1,995,000 $1,465,000
2013 -- $3,450,000 $2,214,000 $1,236,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jane Potashnick

    Coldwell Banker Bain

    (206) 953-8672

    7 Total Sales

    Jane Potashnick
    Section Image
  • John Pettas

    Buyer's Agent in 2014

    John Pettas

    HomeSmart Real Estate Assoc

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM606183

Northwest Multiple Listing Service (NWMLS)

APN: 936200-0040

Washington King County Mercer Island 98040 Island Point

7455 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7455 W Mercer Way, Mercer Island, WA 98040 since 18 March 2014 and is currently estimated at $7,563,678, approximately $1,197 per square foot. This property was built in 2005. 7455 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) 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.