NOT LISTED FOR SALE

7825 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,344,000 - $3,925,000

4 Beds
2 Baths
3,607 Sq Ft
$853/Sq Ft Est. Value

About This Home

This home is located at 7825 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $3,075,225, approximately $852 per square foot. 7825 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
May 22, 2002
Sold by
Hennessy James W and Hennessy Sharon S
Bought by
Lanka Sitaram and Lanka Anu
Current Estimated Value
$3,075,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$217,547
Interest Rate
5.75%
Estimated Equity
$2,913,852

Purchase Details

Closed on
Mar 3, 1999
Sold by
Thompson Robert L and Hecker Bernice R
Bought by
Hennessy James W and Hennessy Sharon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.73%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
Lanka Sitaram $875,000 Transnation Title Insurance
Hennessy James W $760,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanka Sitaram $204,000
Closed Lanka Sitaram $250,000
Closed Lanka Sitaram $317,400
Closed Lanka Sitaram $250,000
Open Lanka Sitaram $525,000
Previous Owner Hennessy James W $464,000
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 $17,060 $2,604,000 $1,973,000 $631,000
2023 $17,170 $2,493,000 $1,862,000 $631,000
2022 $15,353 $2,788,000 $2,095,000 $693,000
2021 $15,087 $2,084,000 $1,725,000 $359,000
2020 $13,302 $1,884,000 $1,643,000 $241,000
2018 $12,906 $1,648,000 $1,292,000 $356,000
2017 $11,270 $1,487,000 $1,169,000 $318,000
2016 $10,487 $1,384,000 $1,069,000 $315,000
2015 $10,109 $1,254,000 $968,000 $286,000
2014 -- $1,155,000 $895,000 $260,000
2013 -- $1,279,000 $1,007,000 $272,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Island Point

7825 W Mercer Way, Mercer Island, WA

This home is located at 7825 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $3,075,225, approximately $852 per square foot. 7825 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.

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