Listed by COMPASS
$8,150,000
SOLD SEP 23, 2022
6 Beds
5.5 Baths
5,810 Sq Ft
0.41 Acres

Recently Sold

$1,403 Per Sq Ft

2% Below List Price

68 Days on Market

Highlights

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

About This Home

As of September 2022

Brilliant M.I. Modern Waterfront! Custom-built (2018) & recently transformed into a curated lakeside oasis through exceptional interior design updates. FUN is the word for this house! New stylish lighting & finishes create idyllic coastal aesthetic. Perfectly sited on 64’ low bank w/ views of Mt. Rainier. Enter to walls of windows that draw you to panoramic lake views. Open great room & gourmet chef’s kitchen w/ top of line appliances &cabinetry. All BDRS en suite, 4 (of 6) UP incl. stunning primary retreat. Lower level fun zone w/ walk-out water access & beach bath. Turf, spacious deck & new hot tub. Separate, updated 2 BDR cottage. Sacrifice nothing & enjoy turn-key perfection on the lake!

Last Agent to Sell the Property

Kelly Weisfield

COMPASS License #109428 Listed on: 06/29/2022

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1955561

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,320

Year Built

  • Built in 2018

Lot Details

  • 0.41 Acre Lot
  • Low Bank Waterfront Property
  • 64 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden
  • Drought Tolerant Landscaping
  • Zoning described as R-8.4

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Modern Architecture
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 5,810 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Second Kitchen
  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Outbuilding

Additional Homes

  • 670 SF Accessory Dwelling Unit
  • ADU includes 2 Bedrooms and 1 Bathroom

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Central Air
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South End Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2579500130

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,320

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 2018
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Modern
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 6480
  • SeniorExemption: false
  • AccessoryDwellingUnit: DetachedDwelling
  • DetachedDwellingSqFtFinished: 670
  • Special Features: VirtualTour
  • Cumulative Days on Market: 1,093

Interior Features

  • Fireplaces: 1
  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 6
  • Total Bedrooms: 6
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Concrete, Hardwood
  • Interior Amenities: Forced Air, Central A/C, Hot Water Recirc Pump, Ceramic Tile, Concrete, Hardwood, Second Kitchen, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, High Tech Cabling, Security System, Skylight(s), Walk-In Pantry, Walk-In Closet(s), Water Heater
  • Living Area: 5810
  • Main Level Bedrooms: 1
  • Bathrooms: 5.25
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 5810
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 3
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • ADUBaths: 1
  • ADUBeds: 2

Exterior Features

  • Roof: Flat
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Cul-De-Sac, Drought Res Landscape, Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Lake
  • Waterfront: Yes
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • WaterfrontFootage: 64

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • HeatingCoolingType: Central A/C,Forced Air,Hot Water Recirc Pump,Radiant
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Crawlspace
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 2579500130
  • Topography: Level,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.4117
  • Lot Size Sq Ft: 17935
  • Zoning Description: R-8.4
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Partially,Gas Available,High Speed Internet,Moorage,Outbuildings,Patio,Sprinkler System
  • MLSLotSizeSource: KCR
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 39320

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

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: 1955561

Northwest Multiple Listing Service (NWMLS)

APN: 257950-0130