7641 W Mercer Way Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $4,489,000 - $4,844,000
4
Beds
4
Baths
2,220
Sq Ft
$2,114/Sq Ft
Est. Value
About This Home
This home is located at 7641 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $4,692,284, approximately $2,113 per square foot. 7641 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.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 5, 1998
Sold by
Magnussen Jon
Bought by
Showalter Stephen A and Showalter Rebecca L
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
7.11%
Purchase Details
Closed on
Sep 18, 1995
Sold by
Bailey Edwin L and Bailey Mildred S
Bought by
Magnussen Jon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
7.88%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Showalter Stephen A | $780,000 | First American | |
| Magnussen Jon | $139,097 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Showalter Stephen A | $415,000 | |
| Closed | Showalter Stephen A | $366,180 | |
| Closed | Showalter Stephen A | $200,000 | |
| Closed | Showalter Stephen A | $417,000 | |
| Closed | Showalter Stephen A | $778,000 | |
| Closed | Showalter Stephen A | $585,000 | |
| Previous Owner | Magnussen Jon | $106,000 |
Source: Public Records
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 | $27,530 | $4,204,000 | $3,270,000 | $934,000 |
| 2023 | $27,180 | $3,948,000 | $3,085,000 | $863,000 |
| 2022 | $24,309 | $4,416,000 | $3,471,000 | $945,000 |
| 2021 | $23,333 | $3,301,000 | $2,857,000 | $444,000 |
| 2020 | $21,148 | $2,915,000 | $2,721,000 | $194,000 |
| 2018 | $21,950 | $2,621,000 | $2,426,000 | $195,000 |
| 2017 | $19,159 | $2,530,000 | $2,333,000 | $197,000 |
| 2016 | $17,821 | $2,354,000 | $2,133,000 | $221,000 |
| 2015 | $20,004 | $2,132,000 | $1,931,000 | $201,000 |
| 2014 | -- | $2,287,000 | $1,785,000 | $502,000 |
| 2013 | -- | $1,788,000 | $1,729,000 | $59,000 |
Source: Public Records
Map
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