Seller's Agent in 2021
Robert Patera
HomeSmart Real Estate Assoc
(425) 374-9339
2 in this area
18 Total Sales
7545 E Mercer Way Mercer Island, WA 98040
Tarywood NeighborhoodEstimated Value: $3,365,000 - $4,366,000
7
Beds
1
Bath
4,500
Sq Ft
$864/Sq Ft
Est. Value
Highlights
- Lake View
- Deck
- Wooded Lot
- Lakeridge Elementary School Rated A
- Secluded Lot
- 4-minute walk to Clarke Beach Park
About This Home
As of December 2021Private & Secluded one-of-a-kind Custom-built Home with potential View in Mercer Island, beautiful lot! Spectacular Soaring Ceilings in Living, Dining & Solarium area bring lots of outdoor surroundings in! Primary Suite on Main Floor connected to Amazing High Ceiling Sun Room! This property w/2 Primary Suites & 2 Kitchens both on Main & Lower Level. Large Recreation Room in Basement easily accessed by 2nd Kitchen & bedrooms, Convenient! Unique design of Large Round Deck! Both Nooks w/Glass Door to Deck & Covered Patio! Few Bedrooms in Basement with built-in Beds and Bench/Desk. Mud Room with Window & Sink! Tons of Potential, one of the best Private & View lots! Great Price to either build your Dream Home or choice of your Creative Upgrades!
Last Agent to Sell the Property
HomeSmart Real Estate Assoc License #23048 Listed on: 10/03/2021
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1843977
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,611
Year Built
- Built in 1970
Lot Details
- Open Space
- Secluded Lot
- Wooded Lot
- Garden
Parking
- Attached Garage
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
Kitchen
- Dishwasher
- Disposal
Flooring
- Wall to Wall Carpet
- Ceramic Tile
- Vinyl
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Patio
Additional Features
- Lake Views
- 1 Bathroom
- Finished Basement
Community Details
- Mercer Island Community
Listing and Financial Details
- Assessor Parcel Number 2579500175
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 3, 2021
Closed on
Nov 24, 2021
Sold by
American Buddhist Kung Chun
Bought by
Du Liang and Zhang Zheng
Seller's Agent
Robert Patera
HomeSmart Real Estate Assoc
Buyer's Agent
Mingyan He
WeLakeside
List Price
$1,950,000
Sold Price
$1,900,000
Premium/Discount to List
-$50,000
-2.56%
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
$1,988,508
Avg. Annual Appreciation
10.24%
Original Mortgage
$1,520,000
Outstanding Balance
$1,409,863
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$1,286,133
Purchase Details
Closed on
Jul 24, 1992
Sold by
Kwong Kok and Kutay Sik+Shui-Lin H
Bought by
American Buddhist Kung Chun Re
Purchase Details
Closed on
Jul 23, 1985
Sold by
Kutay Sik
Bought by
Kwong Ven Kok
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 |
|---|---|---|---|
| Du Liang | $1,900,000 | Chicago Title | |
| American Buddhist Kung Chun Re | -- | -- | |
| Kwong Ven Kok | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Du Liang | $1,520,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2021 12/10/21 | Sold | $1,900,000 | -2.6% | $422 / Sq Ft |
| 10/29/2021 10/29/21 | Pending | -- | -- | -- |
| 10/03/2021 10/03/21 | For Sale | $1,950,000 | -- | $433 / 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 | $24,611 | $3,758,000 | $1,620,000 | $2,138,000 |
| 2023 | $14,948 | $2,170,000 | $1,529,000 | $641,000 |
| 2022 | $13,675 | $2,427,000 | $1,720,000 | $707,000 |
| 2021 | $13,439 | $1,856,000 | $1,416,000 | $440,000 |
| 2020 | $13,657 | $1,678,000 | $1,349,000 | $329,000 |
| 2018 | $13,253 | $1,692,000 | $1,058,000 | $634,000 |
| 2017 | $11,196 | $1,527,000 | $957,000 | $570,000 |
| 2016 | $10,420 | $1,375,000 | $875,000 | $500,000 |
| 2015 | $10,039 | $1,246,000 | $792,000 | $454,000 |
| 2014 | -- | $1,147,000 | $732,000 | $415,000 |
| 2013 | -- | $1,028,000 | $685,000 | $343,000 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Patera
-
Katherine Patera
Seller Co-Listing Agent in 2021
Katherine Patera
HomeSmart Real Estate Assoc
(425) 334-1818
2 in this area
20 Total Sales
-
Mingyan He
Buyer's Agent in 2021
Mingyan He
WeLakeside
(206) 816-5814
1 in this area
13 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1843977
APN: 257950-0175
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.
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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