L
Buyer's Agent in 2022
Ling Drost
WeLakeside
(206) 876-0140
3 in this area
198 Total Sales
7505 81st Place SE Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $3,158,760 - $3,488,000
5
Beds
3.5
Baths
3,336
Sq Ft
$978/Sq Ft
Est. Value
Highlights
- Lake View
- Vaulted Ceiling
- Wood Flooring
- Lakeridge Elementary School Rated A
- Traditional Architecture
- 2 Fireplaces
About This Home
As of November 2022A beautiful Lakefront Buchan home meets The Lakes, a coveted South Mercer Island neighborhood, ideal for walking to Lakeridge elementary, Islander Middle school, retail shopping/starbucks. Jump out the front door to the southend play fields. Tasteful and timeless, the floor plan elegantly blends formal and comfortable living spaces. Spacious kitchen with lake view and stainless appliances. Master bedroom on the main floor with walk out to patio/garden. 3 bedrooms upper and bonus room. 2 car garage with extra driveway parking. Two stairways provide access to 2nd floor. Mature landscaping with garden space.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2022449
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,935
Year Built
- Built in 1986
Lot Details
- 10,321 Sq Ft Lot
- Sprinkler System
- Property is in good condition
HOA Fees
- $135 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Property Views
- Lake
- Territorial
Home Design
- Traditional Architecture
- Poured Concrete
- Shake Roof
- Wood Siding
Interior Spaces
- 3,336 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Skylights
- 2 Fireplaces
- Wood Burning Fireplace
- Gas Fireplace
- French Doors
- Dining Room
- Home Security System
Kitchen
- Walk-In Pantry
- Double Oven
- Stove
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Bedrooms and Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Lakeridge Elementary School
- Islander Mid Middle School
- Mercer Isl High School
Utilities
- Water Heater
- Cable TV Available
Community Details
- Built by Buchan
- The Lakes Subdivision
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Assessor Parcel Number 4141000330
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2022
Closed on
Nov 28, 2022
Sold by
Liu Jianjiang
Bought by
Chen Shuangyan
Buyer's Agent
Ling Drost
WeLakeside
List Price
$2,950,000
Sold Price
$2,950,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,190
Avg. Annual Appreciation
1.58%
Original Mortgage
$1,500,000
Outstanding Balance
$1,456,277
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$1,622,842
Purchase Details
Listed on
Nov 30, 2022
Closed on
Nov 25, 2022
Sold by
Ruan Hang and Ruan Qiaozhen
Bought by
Chen Shuangyan
Buyer's Agent
Ling Drost
WeLakeside
List Price
$2,950,000
Sold Price
$2,950,000
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
$1,456,277
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$1,622,842
Purchase Details
Listed on
Mar 27, 2017
Closed on
Jun 1, 2017
Sold by
Conrad Paul D and Conrad Suzan N
Bought by
Ruan Hang and Lu Qiaozhen
Seller's Agent
Dan Riley
Windermere Real Estate/East
Buyer's Agent
Ling Drost
WeLakeside
List Price
$1,749,000
Sold Price
$1,749,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.03%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Shuangyan | -- | Fidelity National Title | |
| Chen Shuangyan | $2,950,000 | Fidelity National Title | |
| Ruan Hang | $1,749,000 | Fidelity Natio |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Shuangyan | $1,500,000 | |
| Previous Owner | Ruan Hang | $1,040,000 | |
| Previous Owner | Conrad Paul D | $975,000 | |
| Previous Owner | Conrad Paul D | $300,000 | |
| Previous Owner | Conrad Paul D | $709,500 | |
| Previous Owner | Conrad Paul D | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2022 11/30/22 | Sold | $2,950,000 | 0.0% | $884 / Sq Ft |
| 11/30/2022 11/30/22 | For Sale | $2,950,000 | +68.7% | $884 / Sq Ft |
| 06/12/2017 06/12/17 | Sold | $1,749,000 | 0.0% | $573 / Sq Ft |
| 04/05/2017 04/05/17 | Pending | -- | -- | -- |
| 03/27/2017 03/27/17 | For Sale | $1,749,000 | -- | $573 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
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 | $16,935 | $2,585,000 | $1,410,000 | $1,175,000 |
| 2023 | $16,723 | $2,428,000 | $1,331,000 | $1,097,000 |
| 2022 | $14,956 | $2,716,000 | $1,498,000 | $1,218,000 |
| 2021 | $14,359 | $2,030,000 | $1,233,000 | $797,000 |
| 2020 | $13,980 | $1,793,000 | $1,175,000 | $618,000 |
| 2018 | $12,369 | $1,732,000 | $917,000 | $815,000 |
| 2017 | $10,798 | $1,425,000 | $830,000 | $595,000 |
| 2016 | $10,044 | $1,326,000 | $759,000 | $567,000 |
| 2015 | $9,680 | $1,201,000 | $687,000 | $514,000 |
| 2014 | -- | $1,106,000 | $635,000 | $471,000 |
| 2013 | -- | $1,014,000 | $594,000 | $420,000 |
Source: Public Records
Agents Affiliated with this Home
-
Ling Drost
-
Dan Riley
Seller's Agent in 2017
Dan Riley
Windermere Corporate
(206) 390-4799
4 in this area
44 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2022449
APN: 414100-0330
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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