NOT LISTED FOR SALE

7801 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,256,000 - $4,470,000

5 Beds
4 Baths
4,040 Sq Ft
$1,002/Sq Ft Est. Value

Last Sold December 04, 2013

Last sale price $1,649,999 $408 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $24,673/month

3 Days on Market

About This Home

As of December 2013

Amazing opportunity to own 85 feet of waterfront on Sun Bay. Wonderful home features main floor dining & living rooms opening to the kitchen and great room. French doors welcome you on the deck to take in the panoramic views of the lake and mountains. Escape to the upper level master and enjoy peace on your private deck. Stroll down the stairs to your terraced retreat from the world and enjoy your own private dock, boat lift and waterslide!

Last Listed By

Jody Epstein

Windermere Real Estate/East License #99769 Listed on: 10/24/2013

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM559091

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$25,527

Year Built

1980

Lot Details

0

Listing Details

  • Condition: Good
  • Sq Ft Finished: 4040
  • Form 17: Provided
  • Special Features: None
  • Year Built: 1980

Interior Features

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Fireplaces: 2
  • Basement: Fully Finished
  • Features: Bath Off Master, Built-In Vacuum, Double Pane/Storm Window, Dining Room, French Doors, Security System, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Laminate, Vinyl, Wall to Wall Carpet
  • Water Heater Location: upper & lower lvls-electric & gas

Exterior Features

  • Roof: Tile
  • Exterior: Wood
  • Foundation: Concrete Block
  • Lot Details: Paved Street, Secluded
  • Roof: Tile
  • Site Features: Cabana/Gazebo, Cable TV, Deck, Dock, Natural Gas Available, Patio, Shop
  • View: Lake, Mountain
  • Waterfront: High Bank
  • Waterfront Frontage: 85
  • Lot Topography: Fruit Trees, Garden Space, Steep Slope, Terraces

Garage/Parking

  • Parking Type: Carport-Detached
  • Total Covered Spaces: 2

Utilities

  • Cooling: Central A/C, Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Heating and Cooling: Central A/C, Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Available, Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2013
Closed on
Nov 22, 2013
Sold by
Vu Chau Ngoc
Bought by
Swensen Ron and Swensen Waylene
Seller's Agent
Jody Epstein
Windermere Real Estate/East
Buyer's Agent
Skylar Agnew
Windermere Real Estate/East
List Price
$1,649,999
Sold Price
$1,649,999
Total Days on Market
3
Current Estimated Value
$4,047,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,397,206
Avg. Annual Appreciation
8.64%
Original Mortgage
$1,320,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2003
Sold by
Vu Anna Henderson
Bought by
Vu Chau Ngoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.6%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 30, 1997
Sold by
Wiles Edward J and Wiles Karen S
Bought by
Vu Chau Ngoc and Vu Anna Henderson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.05%

Range of Values:

Collateral Analytics

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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
Swensen Ron $1,649,999 Fidelity Natio
Vu Chau Ngoc -- Commonwealth L
Vu Chau Ngoc $780,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swensen Ron $741,750
Closed Swensen Ron $900,000
Closed Swensen Ron $1,320,000
Previous Owner Vu Chau Ngoc $300,000
Previous Owner Vu Chau Ngoc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2013 12/04/13 Sold $1,649,999 0.0% $408 / Sq Ft
10/28/2013 10/28/13 Pending -- -- --
10/24/2013 10/24/13 For Sale $1,649,999 -- $408 / 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 $25,527 $3,898,000 $2,588,000 $1,310,000
2023 $25,206 $3,661,000 $2,442,000 $1,219,000
2022 $22,542 $4,095,000 $2,747,000 $1,348,000
2021 $21,638 $3,061,000 $2,261,000 $800,000
2020 $19,388 $2,703,000 $2,154,000 $549,000
2018 $20,120 $2,402,000 $2,051,000 $351,000
2017 $17,565 $2,319,000 $1,973,000 $346,000
2016 $16,343 $2,158,000 $1,804,000 $354,000
2015 $17,617 $1,955,000 $1,633,000 $322,000
2014 -- $2,014,000 $1,510,000 $504,000
2013 -- $1,877,000 $1,716,000 $161,000
Source: Public Records

Agents Affiliated with this Home

  • Jody Epstein

    Seller's Agent in 2013

    Jody Epstein

    Windermere Corporate

    (425) 269-8770

    33 Total Sales

    Jody Epstein
    Section Image
  • Skylar Agnew

    Buyer's Agent in 2013

    Skylar Agnew

    Windermere Corporate

    (206) 335-9537

    49 Total Sales

    Skylar Agnew
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM559091

Northwest Multiple Listing Service (NWMLS)

APN: 545130-0020

Washington King County Mercer Island 98040 Island Point

7801 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7801 W Mercer Way, Mercer Island, WA 98040 since 24 October 2013 and is currently estimated at $4,047,205, approximately $1,001 per square foot. This property was built in 1980. 7801 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.