NOT LISTED FOR SALE

7641 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $4,181,000 - $5,274,000

4 Beds
4 Baths
2,220 Sq Ft
$2,137/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 $4,743,629, approximately $2,136 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
Sep 12, 2025
Sold by
Showalter Stephen A and Showalter Rebecca L
Bought by
Mercer7641 Llc
Current Estimated Value
$4,743,629

Purchase Details

Closed on
Mar 5, 1998
Sold by
Magnussen Jon
Bought by
Showalter Stephen A and Showalter Rebecca L

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
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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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
Mercer7641 Llc $313 None Listed On Document
Showalter Stephen A $780,000 First American
Magnussen Jon $139,097 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Showalter Stephen A $585,000
Previous Owner Magnussen Jon $106,000
Source: Public Records

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 $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

Washington King County Mercer Island 98040 Island Point

7641 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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