Seller's Agent in 2022
Nick Pallis
Windermere Corporate
(206) 499-7000
1 in this area
45 Total Sales
Listed by Windermere Real Estate/East, Bought with John L. Scott Des Moines
7640 N Mercer Way Mercer Island, WA 98040
North Mercer NeighborhoodEstimated Value: $1,188,000 - $1,537,000
2
Beds
1
Bath
1,060
Sq Ft
$1,225/Sq Ft
Est. Value
Highlights
- Deck
- Property is near public transit
- No HOA
- Northwood Elementary School Rated A
- Wood Flooring
- 3-minute walk to Greta Hackett Outdoor Sculpture Gallery
About This Home
As of September 2022Substantial price improvement! Fantastic location within close proximity to downtown MI and all the amenities! Bring your builder and a fresh set of plans to create what is your own or remodel the existing light-filled, two-bedroom bungalow once featured in local PNW Magazine. Home is neatly tucked away on a flat, level lot with quick access to the new light-rail hub, I-90, parks, shopping, and everything that matters. The existing footprint makes for a great single-family home or townhouse alternative. Estate sale sold as-is.
Last Agent to Sell the Property
Windermere Real Estate/East License #47878 Listed on: 06/10/2022
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1946677
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,975
Year Built
- Built in 1952
Lot Details
- 7,687 Sq Ft Lot
- Street terminates at a dead end
- South Facing Home
- Level Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Stucco
Interior Spaces
- 1,060 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
Kitchen
- Oven or Range
- Stove
- Dishwasher
Flooring
- Wood
- Wall to Wall Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- 1 Parking Space
- Attached Carport
Schools
- Northwood Elementary School
- Islander Mid Middle School
- Mercer Isl High School
Utilities
- Heat Pump System
- Cable TV Available
Additional Features
- Deck
- Property is near public transit
Community Details
- No Home Owners Association
- Mercer Island Subdivision
Listing and Financial Details
- Assessor Parcel Number 5315101866
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 10, 2022
Closed on
Sep 7, 2022
Sold by
Carie Larry L
Bought by
Liang Weihong and Tang Shuang
Seller's Agent
Nick Pallis
Windermere Real Estate/East
Buyer's Agent
Paul Lau
John L. Scott Des Moines
List Price
$1,198,000
Sold Price
$950,000
Premium/Discount to List
-$248,000
-20.7%
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
$380,117
Avg. Annual Appreciation
12.10%
Original Mortgage
$390,000
Outstanding Balance
$374,501
Interest Rate
4.99%
Mortgage Type
Balloon
Estimated Equity
$950,054
Purchase Details
Closed on
Jun 11, 1984
Sold by
Zenas Peter A and Zenas Stella M
Bought by
Washington-State Govt
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liang Weihong | $950,000 | -- | |
| Washington-State Govt | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Liang Weihong | $390,000 | |
| Previous Owner | Carie Kathleen | $1,233,562 | |
| Previous Owner | Carie Kathleen | $1,089,787 | |
| Previous Owner | Carie Kathleen | $240,000 | |
| Previous Owner | Carie Kathleen | $96,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/14/2022 09/14/22 | Sold | $950,000 | 0.0% | $896 / Sq Ft |
| 08/18/2022 08/18/22 | Pending | -- | -- | -- |
| 08/15/2022 08/15/22 | Price Changed | $950,000 | -10.3% | $896 / Sq Ft |
| 07/13/2022 07/13/22 | Price Changed | $1,059,000 | -11.6% | $999 / Sq Ft |
| 06/10/2022 06/10/22 | For Sale | $1,198,000 | -- | $1,130 / 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 | $7,545 | $1,150,000 | $937,000 | $213,000 |
| 2023 | $7,570 | $1,101,000 | $884,000 | $217,000 |
| 2022 | $6,795 | $1,232,000 | $995,000 | $237,000 |
| 2021 | $6,816 | $921,000 | $819,000 | $102,000 |
| 2020 | $6,221 | $850,000 | $780,000 | $70,000 |
| 2018 | $6,039 | $770,000 | $612,000 | $158,000 |
| 2017 | $5,104 | $695,000 | $554,000 | $141,000 |
| 2016 | $4,749 | $626,000 | $507,000 | $119,000 |
| 2015 | $4,576 | $567,000 | $459,000 | $108,000 |
| 2014 | -- | $522,000 | $425,000 | $97,000 |
| 2013 | -- | $455,000 | $418,000 | $37,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Paul Lau
John L. Scott Des Moines
(206) 852-5288
1 in this area
172 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1946677
APN: 531510-1866
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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