NOT LISTED FOR SALE

Estimated Value: $2,585,000 - $4,960,288

4 Beds
1 Bath
2,930 Sq Ft
$1,449/Sq Ft Est. Value

Last Sold July 19, 2016

Last sale price $3,000,000 $1,024 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $25,812/month

127 Days on Market

Highlights

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

About This Home

As of July 2016

If you've been looking for your waterfront dream home, your journey ends here! Wide open views of Lake Washington, and Mount Rainier. Remarkable reinvention of this 1969 home, the improvements of which have transformed an already spectacular home into a private oasis. Situated on a stunning waterfront lot, it truly is a one-of-a-kind home – a home with a soul. 62’ no-bank waterfront, private dock w/covered boat lift & jet ski slip + easy swim access w/wide steps leading to the water.

Last Agent to Sell the Property

Michele Schuler

Realogics Sotheby's Int'l Rlty License #22014412 Listed on: 01/11/2016

Realogics Sotheby's Int'l Rlty

Last Buyer's Agent

Xin Liu

WeLakeside License #113367

WeLakeside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM882993

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,302

Year Built

  • Built in 1969

Lot Details

  • Low Bank Waterfront Property
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Property is zoned R8.4

Property Views

  • Lake
  • Mountain

Home Design

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

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • Detached Carport Space

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • South End Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 2579500135

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,302

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Jetted Tub, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 3
  • Bathrooms: 3.25
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3290
  • Square Footage Finished: 2930
  • Square Footage Unfinished: 360

Exterior Features

  • Exterior: Cement Planked, Stucco, Wood
  • Foundation: Poured Concrete
  • Roof: Flat
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Lake, No Bank
  • Waterfront Frontage: 62

Garage/Parking

  • Parking Type: Carport-Detached, Garage-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air, Radiant
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Rec room closet/storage-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: South End
  • Community Features: Ccrs

Schools

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

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 9885
  • Lot Topography Vegetation: Level, Partial Slope
  • Parcel Number: 2579500135
  • Zoning Code: R8.4
  • Zoning Jurisdiction: City
  • Lot Topography: Level, Partial Slope

Tax Info

  • Tax Amount: 17630

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2016
Closed on
Jul 12, 2016
Sold by
Gardner Carl D and Gardner Kimberly A
Bought by
Liu Halbin and Xue Huiwer
Seller's Agent
Michele Schuler
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Xin Liu
WeLakeside
List Price
$3,195,000
Sold Price
$3,000,000
Premium/Discount to List
-$195,000
-6.1%
Current Estimated Value
$4,246,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,246,572
Avg. Annual Appreciation
4.02%

Purchase Details

Closed on
Nov 22, 2011
Sold by
Sussex Steven A and Sussex Steven A
Bought by
Gardner Carl D and Gardner Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 9, 1998
Sold by
Strang Andrew M and Strang Jere J
Bought by
Haugen Richard F and Haugen Shirlee E

Purchase Details

Closed on
Jan 28, 1998
Sold by
Leigh Karen Sue and Nelson Patricia
Bought by
Sussex Steven A and Sussex Kerry C

Purchase Details

Closed on
Sep 5, 1997
Sold by
Benson Hulda C and Tibbles Hulda C
Bought by
Larkin Michael and Larkin Sharon A

Purchase Details

Closed on
May 9, 1997
Sold by
Penn Square
Bought by
San Juanita Guerrero & Company

Purchase Details

Closed on
Aug 26, 1996
Sold by
Campagna Jennie and Campagna Donald C
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
$524,750
Interest Rate
8.2%

Purchase Details

Closed on
Dec 26, 1995
Sold by
Burns Patrick J
Bought by
Burns Vicki L

Purchase Details

Closed on
Jun 20, 1994
Sold by
Kerkel Caroline
Bought by
Kerkel Richard

Purchase Details

Closed on
May 21, 1994
Sold by
Angerame Andrea Mclean
Bought by
Angerame Ron

Purchase Details

Closed on
Mar 16, 1994
Sold by
Q Lube Inc
Bought by
Smart Douglas P and Healy Robert J

Purchase Details

Closed on
Feb 4, 1994
Sold by
Gollofon Robert E and Gollofon Alma
Bought by
Gollofon Robert E and Gollofon Alma

Purchase Details

Closed on
Dec 23, 1993
Sold by
Meyers David and Meyers Patricia C
Bought by
Campagna Jennie

Purchase Details

Closed on
Sep 27, 1993
Sold by
Longfelder Lawrence L
Bought by
Birkeland Joyce Schroeder

Purchase Details

Closed on
Mar 25, 1993
Sold by
Foss Ralph C
Bought by
Foss Ralph C
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Liu Halbin $3,000,000 Rainier Title
Gardner Carl D $1,492,700 Fidelity Natio
Haugen Richard F -- --
Sussex Steven A $260,000 Transnation Title Insurance
Larkin Michael -- Chicago Title Insurance Co
San Juanita Guerrero & Company -- --
Sussex Steven A $644,750 Transnation Title Insurance
Burns Vicki L -- Fidelity National Title
Kerkel Richard -- Chicago Title Insurance Co
Angerame Ron -- Chicago Title Insurance Co
Smart Douglas P -- --
Gollofon Robert E -- --
Campagna Jennie -- Transamerica Title Services
Birkeland Joyce Schroeder -- Transamerica Title Insurance
Foss Ralph C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Haibin $1,650,000
Closed Liu Haibin $1,717,200
Previous Owner Gardner Carl D $750,000
Previous Owner Gardner Carl D $857,000
Previous Owner Gardner Carl D $100,000
Previous Owner Gardner Carl D $900,000
Previous Owner Sussex Steven A $325,000
Previous Owner Sussex Steven A $550,000
Previous Owner Sussex Steven A $524,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2016 07/19/16 Sold $3,000,000 -3.1% $1,024 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
04/19/2016 04/19/16 Price Changed $3,095,000 -3.1% $1,056 / Sq Ft
02/08/2016 02/08/16 For Sale $3,195,000 0.0% $1,090 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $3,195,000 -- $1,090 / 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 $28,302 $4,322,000 $2,463,000 $1,859,000
2023 $27,944 $4,059,000 $2,324,000 $1,735,000
2022 $24,985 $4,540,000 $2,615,000 $1,925,000
2021 $23,981 $3,393,000 $2,153,000 $1,240,000
2020 $23,674 $2,996,000 $2,051,000 $945,000
2018 $25,774 $3,078,000 $1,586,000 $1,492,000
2017 $21,762 $2,971,000 $1,525,000 $1,446,000
2016 $19,153 $2,674,000 $1,394,000 $1,280,000
2015 $17,630 $2,422,000 $1,262,000 $1,160,000
2014 -- $2,146,000 $1,167,000 $979,000
2013 -- $1,880,000 $1,098,000 $782,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM882993

Northwest Multiple Listing Service (NWMLS)

APN: 257950-0135