$1,999,000
SOLD JUN 2, 2015
2 Beds
1 Bath
670 Sq Ft
0.43 Acres

Recently Sold

$2,984 Per Sq Ft

6 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Fruit Trees
  • Lakeridge Elementary School Rated A
  • Lake View
  • 5-minute walk to Clarke Beach Park

About This Home

As of September 2022

Build your dream home on 64' of street to water, lovingly maintained MI waterfront. New state of the art deep water dock, with solar lift and boat whips shelters your most prized nautical possessions. Darling remodeled 2 bedroom guest house gives you get-away housing while you plan your estate. Privacy and panoramic lake and mountain views encompass Mt. Rainier, gorgeous sunrises and rainbows. Never a dull moment with waterfront activities to participate in or just enjoy viewing. Zoning 8.4

Last Agent to Sell the Property

Bonnie Sanborn

Engel & Voelkers Mercer Island License #19155 Listed on: 05/26/2015

Engel & Voelkers Mercer Island

Last Buyer's Agent

Myda Lopez

InPeak Properties LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM792976

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,801

Year Built

  • Built in 1958

Lot Details

  • Low Bank Waterfront Property
  • Open Space
  • Street terminates at a dead end
  • Secluded Lot
  • Sloped Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Value in Land
  • Property is zoned 8.4

Parking

  • Off-Street Parking

Property Views

  • Lake
  • Mountain

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Patio

Utilities

  • Cable TV Available

Community Details

  • South End Community

Listing and Financial Details

  • Assessor Parcel Number 2579500130

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,801

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 670

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 64'

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Wall
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: South End
  • Project: Floods Lake side Trs

Schools

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

Lot Info

  • Lot Number: 19
  • Lot Details: Dead End Street, Open Space, Paved Street, Secluded, Value In Land
  • Lot Sq Ft: 18716
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Partial Slope, Wooded
  • Parcel Number: 2579500130
  • Zoning Code: 8.4
  • Zoning Jurisdiction: City
  • Lot Topography: Fruit Trees, Garden Space, Partial Slope, Wooded

Tax Info

  • Tax Amount: 12874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2023
Sold by
Cheng Vanessa and Cheng Shen-Yuan
Bought by
Chen Living Trust
Current Estimated Value
$7,230,084

Purchase Details

Listed on
Jun 29, 2022
Closed on
Sep 20, 2022
Sold by
Brad Dowhaniuk
Bought by
Cheng Vanessa and Cheng Shen-Yuan
Seller's Agent
Kelly Weisfield
COMPASS
Buyer's Agent
Tere Foster
COMPASS
List Price
$8,298,000
Sold Price
$8,150,000
Premium/Discount to List
-$148,000
-1.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.17%

Purchase Details

Listed on
Sep 22, 2020
Closed on
Nov 16, 2020
Sold by
Hellemons Henciricus C and Lopez Myda Lisa
Bought by
Dowhaniuk Brad
Seller's Agent
Robyn Kimura-Hsu
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$6,750,000
Sold Price
$6,500,000
Premium/Discount to List
-$250,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.16%
Original Mortgage
$3,250,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 22, 2020
Closed on
Nov 11, 2020
Sold by
Dowhaniuk Yolanda and Dowhaniuk Brad
Bought by
Dowhaniuk Brad
Seller's Agent
Robyn Kimura-Hsu
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$6,750,000
Sold Price
$6,500,000
Premium/Discount to List
-$250,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,250,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2015
Closed on
Jul 29, 2015
Sold by
Sussex Steven A
Bought by
Hellemons Hendricus C and Lopez Myda L
Seller's Agent
Bonnie Sanborn
Engel & Voelkers Mercer Island
Buyer's Agent
Myda Lopez
InPeak Properties LLC
List Price
$1,999,000
Sold Price
$1,999,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.01%
Original Mortgage
$1,199,400
Interest Rate
3.98%

Purchase Details

Closed on
Nov 29, 2001
Sold by
Rhode Leroy
Bought by
Sussex Steven A and Sussex Kerry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,500
Interest Rate
6.63%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $8,150,000 Chicago Title
Warranty Deed $6,500,000 Chicago Title
Interfamily Deed Transfer -- Chicago Title
Warranty Deed $1,999,000 Fidelity Natio
Warranty Deed $715,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,250,000 New Conventional
Previous Owner $500,000 Credit Line Revolving
Previous Owner $1,353,000 New Conventional
Previous Owner $2,300,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,500,000 New Conventional
Previous Owner $1,199,400 No Value Available
Previous Owner $500,500 Fannie Mae Freddie Mac
Previous Owner $500,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $8,150,000 +1.9% $1,403 / Sq Ft
09/05/2022 09/05/22 Pending -- -- --
08/27/2022 08/27/22 Price Changed $7,998,000 -3.6% $1,377 / Sq Ft
06/29/2022 06/29/22 For Sale $8,298,000 +27.7% $1,428 / Sq Ft
11/24/2020 11/24/20 Sold $6,500,000 -3.7% $1,265 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $6,750,000 +237.7% $1,313 / Sq Ft
06/02/2015 06/02/15 Sold $1,999,000 0.0% $2,984 / Sq Ft
06/02/2015 06/02/15 Pending -- -- --
05/26/2015 05/26/15 For Sale $1,999,000 -- $2,984 / 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 $46,801 $7,149,000 $2,602,000 $4,547,000
2023 $46,210 $6,714,000 $2,455,000 $4,259,000
2022 $39,320 $7,509,000 $2,762,000 $4,747,000
2021 $37,739 $5,341,000 $2,274,000 $3,067,000
2020 $40,518 $4,716,000 $2,166,000 $2,550,000
2018 $16,288 $4,636,000 $1,797,000 $2,839,000
2017 $13,759 $1,877,000 $1,728,000 $149,000
2016 $12,801 $1,690,000 $1,580,000 $110,000
2015 $12,338 $1,531,000 $1,430,000 $101,000
2014 -- $1,410,000 $1,322,000 $88,000
2013 -- $1,409,000 $1,333,000 $76,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM792976

Northwest Multiple Listing Service (NWMLS)

APN: 257950-0130