NOT LISTED FOR SALE

7461 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,235,000 - $2,782,000

3 Beds
2 Baths
2,310 Sq Ft
$1,079/Sq Ft Est. Value

Last Sold October 30, 2014

Last sale price $955,000 $413 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $15,004/month

36 Days on Market

About This Home

As of October 2014

Shared Lake Waterfront, Lot H, Shared w/1 Other Home, (27.18 Ft per Plat & Assessor's Map) + View Home, Lot F, on .353 Acres w/Terraced Gardens. Beach House Casual on Lower Daylight Level-Recreation Room w/Outside Ent., Office/Den, 3/4 BA + BR w/Outside Ent. Main Level-Great Room-Beamed Ceiling, Built-In Children's Alcove, Hardwood Built-Ins & Covered Deck. 2 Fireplaces. Envision a Beach House or Build Mini Estate. Builders- Remodelers Welcome. Buyers to Verify All Information to Satisfaction.

Last Listed By

Galen Hubert

Coldwell Banker Bain License #49185 Listed on: 08/09/2014

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM680336

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$14,147

Year Built

1946

Lot Details

0

Listing Details

  • Condition: Good
  • Sq Ft Finished: 2310
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1946

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator
  • Fireplaces: 2
  • Basement: Daylight, Fully Finished
  • Fireplaces: 2
  • Floor: Hardwood, Vinyl, Wall to Wall Carpet
  • Water Heater Location: Lower Level-Gas

Exterior Features

  • Roof: Composition
  • Exterior: Brick, Cement/Concrete, Wood
  • Foundation: Concrete Block
  • Lot Details: Paved Street
  • Roof: Composition
  • Site Features: Deck, Natural Gas Available, Patio
  • View: Lake, City
  • Lot Topography: Brush, Garden Space, Level, Partial Slope, Terraces, Wooded

Garage/Parking

  • Parking Type: Carport-Attached, Off Street
  • Total Covered Spaces: 2

Utilities

  • Heating: Radiant, Hot Water Recirc Pump
  • Appliances: Dryer, Range/Oven, Refrigerator
  • Heating and Cooling: Radiant, Hot Water Recirc Pump
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: Mercer Island
  • Water Company: 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

Listed on
Aug 9, 2014
Closed on
Oct 23, 2014
Sold by
Schueler Robert and Schueler Diane
Bought by
Sherman Nicholas D and Lai Jin
Seller's Agent
Galen Hubert
Coldwell Banker Bain
Buyer's Agent
Ping Shao
Skyline Properties, Inc.
List Price
$999,000
Sold Price
$955,000
Premium/Discount to List
-$44,000
-4.4%
Total Days on Market
36
Current Estimated Value
$2,493,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,538,628
Avg. Annual Appreciation
9.98%
Original Mortgage
$506,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2012
Sold by
Schueler Diane K
Bought by
Schueler Robert and Schueler Diane

Purchase Details

Closed on
Aug 24, 2011
Sold by
Schueler Diane
Bought by
Schueler Diane and Last Will & Testament Of Maurice L Schue

Range of Values:

Collateral Analytics

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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
Sherman Nicholas D $955,000 First American
Schueler Robert -- None Available
Schueler Robert -- None Available
Schueler Diane -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Nicholas D $372,500
Closed Sherman Nicholas D $506,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2014 10/30/14 Sold $955,000 -4.4% $413 / Sq Ft
09/15/2014 09/15/14 Pending -- -- --
08/09/2014 08/09/14 For Sale $999,000 -- $432 / 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 $14,147 $2,159,000 $1,668,000 $491,000
2023 $13,971 $2,028,000 $1,574,000 $454,000
2022 $12,174 $2,268,000 $1,771,000 $497,000
2021 $11,687 $1,652,000 $1,458,000 $194,000
2020 $10,184 $1,459,000 $1,389,000 $70,000
2018 $9,880 $1,261,000 $974,000 $287,000
2017 $8,350 $1,138,000 $881,000 $257,000
2016 $7,773 $1,025,000 $806,000 $219,000
2015 $6,647 $929,000 $730,000 $199,000
2014 -- $759,000 $675,000 $84,000
2013 -- $891,000 $828,000 $63,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Galen Hubert

    Coldwell Banker Bain

    (206) 232-4600

    3 Total Sales

    Galen Hubert
    Section Image

  • K

    Seller Co-Listing Agent in 2014

    Kris Hubert

    Coldwell Banker Bain

    (206) 232-4600

    1 in this area

    5 Total Sales

    Kris Hubert
    Section Image

  • P

    Buyer's Agent in 2014

    Ping Shao

    Skyline Properties, Inc

    (206) 321-8748

    1 in this area

    28 Total Sales

    Ping Shao
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM680336

Northwest Multiple Listing Service (NWMLS)

APN: 936200-0060

Washington King County Mercer Island 98040 Island Point

7461 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7461 W Mercer Way, Mercer Island, WA 98040 since 09 August 2014 and is currently estimated at $2,493,628, approximately $1,079 per square foot. This property was built in 1946. 7461 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.