NOT LISTED FOR SALE

7623 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,153,000 - $4,748,000

2 Beds
1 Bath
1,170 Sq Ft
$3,382/Sq Ft Est. Value

Last Sold February 18, 2014

Last sale price $356,000 $304 Per Sq Ft

Est. 1,011% increase in value since last sale

Current estimated payment $22,980/month

432 Days on Market

About This Home

As of February 2014

Cottage on property. Possible lake views. Value is in the land and home is being sold As Is.

Last Listed By

Carol Hinderstein

Coldwell Banker Bain License #4722 Listed on: 09/14/2012

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM404816

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$23,780

Year Built

1918

Lot Details

0

Listing Details

  • Sq Ft Finished: 1170
  • Form 17: Not Provided
  • Special Features: None
  • Year Built: 1918

Interior Features

  • Basement: Daylight

Exterior Features

  • Lot Details: Dead End Street, Value In Land
  • View: Territorial
  • Lot Topography: Brush, Garden Space, Level, Partial Slope, Wooded

Utilities

  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: MI
  • Water Company: MI
  • Water Source: Public

Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2012
Closed on
Feb 18, 2014
Sold by
Kile David L
Bought by
Gottesman Wendy
Seller's Agent
Carol Hinderstein
Coldwell Banker Bain
Buyer's Agent
Carol Hinderstein
Coldwell Banker Bain
List Price
$550,000
Sold Price
$356,000
Premium/Discount to List
-$194,000
-35.27%
Total Days on Market
432
Current Estimated Value
$3,956,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,600,568

Range of Values:

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
Gottesman Wendy $356,000 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gottesman Wendy $1,850,000
Closed Gottesman Wendy $1,950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2014 02/18/14 Sold $356,000 -35.3% $304 / Sq Ft
11/20/2013 11/20/13 Pending -- -- --
10/12/2013 10/12/13 For Sale $550,000 0.0% $470 / Sq Ft
09/11/2013 09/11/13 Pending -- -- --
09/14/2012 09/14/12 For Sale $550,000 -- $470 / 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 $23,780 $3,631,000 $1,339,000 $2,292,000
2023 $23,842 $3,475,000 $1,264,000 $2,211,000
2022 $21,395 $3,887,000 $1,422,000 $2,465,000
2021 $21,446 $2,905,000 $1,171,000 $1,734,000
2020 $21,227 $2,679,000 $1,116,000 $1,563,000
2018 $21,725 $2,775,000 $757,000 $2,018,000
2017 $18,964 $2,504,000 $685,000 $1,819,000
2016 $15,549 $2,330,000 $627,000 $1,703,000
2015 $4,689 $1,860,000 $568,000 $1,292,000
2014 -- $535,000 $525,000 $10,000
2013 -- $674,000 $673,000 $1,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Carol Hinderstein

    Coldwell Banker Bain

    (206) 595-5722

    2 Total Sales

    Carol Hinderstein
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM404816

Northwest Multiple Listing Service (NWMLS)

APN: 252404-9032

Washington King County Mercer Island 98040 Island Point

7623 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7623 W Mercer Way, Mercer Island, WA 98040 since 14 September 2012 and is currently estimated at $3,956,568, approximately $3,381 per square foot. This property was built in 1918. 7623 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) 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. ©2025 NWMLS.

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