NOT LISTED FOR SALE

7605 SE 40th St Mercer Island, WA 98040

Mercerdale Neighborhood

Estimated Value: $3,500,000 - $4,138,000

5 Beds
5 Baths
4,690 Sq Ft
$833/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $2,865,000 $611 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $22,491/month

About This Home

Another custom construction home just completed by RKK Construction. Designer details, open flrplan, colors, lighting, fixtures & finish make this home far from ordinary. Features include a twist on modern "ship lap" as well as wide plank hrdwd floors, soapstone, painted cabinetry, true paned windows & wide open south-westerly views. Amazing location is walking distance to downtown, elementary school, parks & minutes to the freeway. Covered & heated decks, generator, air conditioning. Style

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2016
Closed on
Mar 24, 2017
Sold by
Rkk Constructions Inc
Bought by
Postma Sidney W and Postma Holly E
Seller's Agent
Lou Glatz
John L. Scott, Inc.
Buyer's Agent
Lori Holden
John L. Scott, Inc.
List Price
$2,895,000
Sold Price
$2,865,000
Premium/Discount to List
-$30,000
-1.04%
Current Estimated Value
$3,904,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,039,626
Avg. Annual Appreciation
3.64%

Purchase Details

Listed on
Feb 24, 2015
Closed on
Mar 26, 2015
Sold by
Davenport Barry Ann and Davenport Robert D
Bought by
Rkk Construction Inc
Seller's Agent
Catherine Humphries
Coldwell Banker Bain
Buyer's Agent
Lindy Weathers
Coldwell Banker Bain
List Price
$650,000
Sold Price
$800,000
Premium/Discount to List
$150,000
23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.24%
Original Mortgage
$520,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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
Postma Sidney W $2,865,000 Fidelity Natio
Rkk Construction Inc $800,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rkk Construction Inc $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2017 03/31/17 Sold $2,865,000 -1.0% $611 / Sq Ft View Prior Sale
01/17/2017 01/17/17 Pending -- -- --
12/10/2016 12/10/16 For Sale $2,895,000 +261.9% $617 / Sq Ft
04/02/2015 04/02/15 Sold $800,000 +23.1% $296 / Sq Ft View Prior Sale
02/26/2015 02/26/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $650,000 -- $241 / Sq Ft

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 $22,452 $3,428,000 $1,215,000 $2,213,000
2023 $22,512 $3,281,000 $1,147,000 $2,134,000
2022 $20,202 $3,670,000 $1,291,000 $2,379,000
2021 $19,846 $2,743,000 $1,063,000 $1,680,000
2020 $19,490 $2,479,000 $1,013,000 $1,466,000
2018 $18,906 $2,415,000 $830,000 $1,585,000
2017 $12,246 $2,179,000 $751,000 $1,428,000
2016 $5,292 $1,504,000 $687,000 $817,000
2015 $5,126 $632,000 $622,000 $10,000
2014 -- $585,000 $575,000 $10,000
2013 -- $579,000 $534,000 $45,000
Source: Public Records

Agents Affiliated with this Home

  • Lou Glatz

    Seller's Agent in 2017

    Lou Glatz

    John L Scott

    (206) 948-2591

    7 in this area

    30 Total Sales

    Lou Glatz
    Section Image
  • Lori Holden

    Seller Co-Listing Agent in 2017

    Lori Holden

    John L Scott

    (206) 949-5674

    15 in this area

    101 Total Sales

    Lori Holden
    Section Image

  • C

    Seller's Agent in 2015

    Catherine Humphries

    Coldwell Banker Bain

  • L

    Buyer's Agent in 2015

    Lindy Weathers

    Coldwell Banker Bain

See All Agents

Map

Washington King County Mercer Island 98040 Mercerdale

7605 SE 40th St, Mercer Island, WA

Not Listed for Sale

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