NOT LISTED FOR SALE

7617 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $6,463,000 - $7,108,000

5 Beds
4 Baths
5,316 Sq Ft
$1,289/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $3,300,000 $621 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $39,419/month

93 Days on Market

Highlights

  • Docks
  • RV Access or Parking
  • Craftsman Architecture
  • Lakeridge Elementary School Rated A
  • Lake View
  • Deck

About This Home

As of September 2015

Entertainers’ delight! This waterfront home features 5,316 sq ft on 3 levels with expansive lake views. Sweeping foyer w/gleaming hardwoods flows into formal spaces. Gourmet kitchen, 400 bottle wine cellar and outdoor entertaining spaces add to the atmosphere of this quality home, nestled on lot to maximize privacy. 3 level 2-car garage with parking, workshop & ADU. Bonus room sized for pool table. Create memories on lake with l-shaped dock & moorage for 24ft boat, boat lift, 2 jet ski lifts.

Last Agent to Sell the Property

Allen Hovsepian

Windermere Mercer Island License #9082 Listed on: 03/10/2015

Windermere Mercer Island

Last Buyer's Agent

Susan Ross

Best Choice Network LLC License #112134

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM753596

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,940

Year Built

  • Built in 1987

Lot Details

  • Street terminates at a dead end
  • Level Lot
  • Sprinkler System
  • Garden

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • Detached Garage
  • RV Access or Parking

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Westside Community

Listing and Financial Details

  • Assessor Parcel Number 2524049290

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,940

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Craftsman
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wine Cellar, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, French Doors, Hot Tub/Spa, Jetted Tub, Loft, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor
  • Bedrooms: 5.00
  • Lower Level Bedroom: 3
  • Bathrooms: 4.00
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 3
  • Total Half Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Basement: Fully Finished
  • Den or Office: Upper
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 6016
  • Square Footage Finished: 5316
  • Square Footage Unfinished: 700

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete, Slab
  • Roof: Cedar Shake
  • View: City, Lake, Mountain
  • Waterfront: Lake
  • Waterfront Frontage: 85

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Heater: 2 in BSM 1 Garage-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Westside
  • Project: SouthWest Side

Schools

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

Lot Info

  • Lot Number: 1
  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 16390
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 2524049290
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 21550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2015
Closed on
Sep 16, 2015
Sold by
Kaestle John and Kaestle Denise
Bought by
Inkrock Holding Limited
Seller's Agent
Allen Hovsepian
Windermere Mercer Island
Buyer's Agent
Susan Ross
Best Choice Network LLC
List Price
$3,425,000
Sold Price
$3,300,000
Premium/Discount to List
-$125,000
-3.65%
Current Estimated Value
$6,854,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,554,602
Avg. Annual Appreciation
7.34%
Original Mortgage
$1,815,000
Outstanding Balance
$1,361,837
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,339,487

Purchase Details

Closed on
Nov 5, 1997
Sold by
Benaroya Joseph and Benaroya Karen M
Bought by
Kaestle John M and Kaestle Denise A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.37%

Purchase Details

Closed on
Nov 15, 1995
Sold by
Dawson John Hamilton
Bought by
Benaroya Joseph and Benaroya Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,300
Interest Rate
7.42%
Mortgage Type
Seller Take Back
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
Inkrock Holding Limited $3,300,000 Fidelity Natio
Kaestle John M $1,203,400 --
Benaroya Joseph $1,050,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkrock Holding Limited $1,815,000
Previous Owner Kaestle John M $650,000
Previous Owner Benaroya Joseph $202,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2015 09/30/15 Sold $3,300,000 -3.6% $621 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $3,425,000 -- $644 / 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 $36,940 $5,642,000 $3,479,000 $2,163,000
2023 $36,475 $5,299,000 $3,283,000 $2,016,000
2022 $31,785 $5,926,000 $3,693,000 $2,233,000
2021 $30,508 $4,317,000 $3,040,000 $1,277,000
2020 $30,659 $3,812,000 $2,896,000 $916,000
2018 $31,696 $3,800,000 $2,582,000 $1,218,000
2017 $27,212 $3,654,000 $2,483,000 $1,171,000
2016 $21,563 $3,344,000 $2,270,000 $1,074,000
2015 $20,860 $2,580,000 $2,055,000 $525,000
2014 -- $2,385,000 $1,900,000 $485,000
2013 -- $2,359,000 $2,147,000 $212,000
Source: Public Records

Agents Affiliated with this Home

  • Allen Hovsepian

    Seller's Agent in 2015

    Allen Hovsepian

    Windermere Corporate

    (206) 718-6500

    28 Total Sales

    Allen Hovsepian
    Section Image

  • S

    Buyer's Agent in 2015

    Susan Ross

    Best Choice Realty Brokerage

    (425) 941-5780

    16 Total Sales

    Susan Ross
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM753596

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9290

Washington King County Mercer Island 98040 Island Point

7617 W Mercer Way, Mercer Island, WA

This home is located at 7617 W Mercer Way, Mercer Island, WA 98040 since 10 March 2015 and is currently estimated at $6,854,602, approximately $1,289 per square foot. This property was built in 1987. 7617 W Mercer Way is a home located in King County with nearby schools including Lakeridge Elementary School, Islander Middle School, and Mercer Island High School.

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.

Northwest Multiple Listing Service (NWMLS) 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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