7505 Mercer Terrace Dr Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $2,219,340 - $2,780,000
5
Beds
3
Baths
3,310
Sq Ft
$757/Sq Ft
Est. Value
About This Home
This home is located at 7505 Mercer Terrace Dr, Mercer Island, WA 98040 and is currently estimated at $2,505,335, approximately $756 per square foot. 7505 Mercer Terrace Dr is a home located in King County with nearby schools including Lakeridge Elementary School, Islander Middle School, and Mercer Island High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 6, 1999
Sold by
Li Wei I and Li Dorothy Margaret Rose
Bought by
Li Wei I and Li Dorothy Margaret Rose
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Li Wei I | -- | Evergreen Title Company Inc |
Source: Public Records
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 | $11,962 | $1,825,000 | $1,278,000 | $547,000 |
| 2023 | $11,768 | $1,714,000 | $1,206,000 | $508,000 |
| 2022 | $10,563 | $1,917,000 | $1,357,000 | $560,000 |
| 2021 | $10,144 | $1,433,000 | $1,117,000 | $316,000 |
| 2020 | $9,829 | $1,266,000 | $1,064,000 | $202,000 |
| 2018 | $9,533 | $1,217,000 | $856,000 | $361,000 |
| 2017 | $8,057 | $1,098,000 | $774,000 | $324,000 |
| 2016 | $7,497 | $989,000 | $708,000 | $281,000 |
| 2015 | $7,224 | $896,000 | $641,000 | $255,000 |
| 2014 | -- | $825,000 | $593,000 | $232,000 |
| 2013 | -- | $757,000 | $554,000 | $203,000 |
Source: Public Records
Map
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