Seller's Agent in 2024
Sheri Li
Avenue Properties
(206) 683-6027
2 in this area
26 Total Sales
Listed by COMPASS, Bought with Coldwell Banker Bain
7875 81st Place SE Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $3,160,857 - $3,685,000
4
Beds
2.5
Baths
3,540
Sq Ft
$934/Sq Ft
Est. Value
Highlights
- Lake View
- Vaulted Ceiling
- Traditional Architecture
- Lakeridge Elementary School Rated A
- Marble Flooring
- 4-minute walk to South Mercer Playfields
About This Home
As of September 2024Discover the beautiful Buchan home nestled in coveted the Lakes community! An ideal floor plan includes a spacious living and dining room that flows seamlessly together, as well as a cozy breakfast area for gathering.The renovated kitchen features gorgeous honed & leathered granite counter top, custom cabinets, & Subzero frigerator and GE double ovens. Spread across the upper and main levels, four generously sized BRs, each with ample storage space and well designed bathrooms. With a comfortable den next to the primary suite and a bonus reached by a secondary stairway, this home is designed to meet the diverse needs. Large 3 car garage.This scenic community is famous for proximity to excellent schools, expansive playfields, and shoppings.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2288858
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,356
Year Built
- Built in 1988
Lot Details
- 0.26 Acre Lot
- West Facing Home
- Level Lot
- Sprinkler System
- Garden
- Property is in very good condition
- Zoning described as R9.6
HOA Fees
- $149 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Property Views
- Lake
- Territorial
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Poured Concrete
- Shake Roof
- Wood Composite
Interior Spaces
- 3,540 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- 2 Fireplaces
- Gas Fireplace
- French Doors
- Dining Room
- Storm Windows
- Finished Basement
Kitchen
- Walk-In Pantry
- Double Oven
- Stove
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Marble
- Ceramic Tile
Bedrooms and Bathrooms
- Walk-In Closet
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
Schools
- Lakeridge Elementary School
- Islander Mid Middle School
- Mercer Isl High School
Utilities
- Forced Air Heating System
- Water Heater
Community Details
- Built by Buchan
- The Lakes Subdivision
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Tax Lot 85
- Assessor Parcel Number 4141010350
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2024
Closed on
Sep 5, 2024
Sold by
Zhao Fenghua and Shi Jianwei
Bought by
Espinosa Eric and Walker Brian
Seller's Agent
Sheri Li
COMPASS
Buyer's Agent
Paula Holtzclaw
Coldwell Banker Bain
List Price
$3,120,000
Sold Price
$3,120,000
Views
4
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
$186,214
Avg. Annual Appreciation
5.62%
Original Mortgage
$2,496,000
Outstanding Balance
$2,472,344
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$833,870
Purchase Details
Listed on
Jan 14, 2014
Closed on
Mar 11, 2014
Sold by
Merlo John A and Merlo Kristin N
Bought by
Zhao Fenghua and Shi Jianwei
Seller's Agent
Peni Schwartz
Windermere RE Mercer Island
Buyer's Agent
Julie Barrows
Windermere Mercer Island
List Price
$1,375,000
Sold Price
$1,333,000
Premium/Discount to List
-$42,000
-3.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$933,100
Interest Rate
2.66%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Mar 23, 2004
Sold by
Merlo Kristin N and Merlo John A
Bought by
Merlo John A and Merlo Kristin N
Purchase Details
Closed on
Jun 8, 1999
Sold by
Hamlin Larry J and Hamlin Lea B
Bought by
Merlo John A and Merlo Kristin N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.9%
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 |
|---|---|---|---|
| Espinosa Eric | $3,120,000 | Rainier Title | |
| Zhao Fenghua | $1,333,000 | Chicago Title | |
| Merlo John A | -- | -- | |
| Merlo John A | $815,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Espinosa Eric | $2,496,000 | |
| Previous Owner | Zhao Fenghua | $933,100 | |
| Previous Owner | Merlo John A | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2024 09/06/24 | Sold | $3,120,000 | 0.0% | $881 / Sq Ft |
| 09/06/2024 09/06/24 | For Sale | $3,120,000 | +134.1% | $881 / Sq Ft |
| 03/25/2014 03/25/14 | Sold | $1,333,000 | -3.1% | $377 / Sq Ft |
| 02/05/2014 02/05/14 | Pending | -- | -- | -- |
| 01/14/2014 01/14/14 | For Sale | $1,375,000 | -- | $388 / 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 | $17,576 | $2,683,000 | $1,410,000 | $1,273,000 |
| 2023 | $17,356 | $2,520,000 | $1,331,000 | $1,189,000 |
| 2022 | $15,522 | $2,819,000 | $1,498,000 | $1,321,000 |
| 2021 | $14,903 | $2,107,000 | $1,233,000 | $874,000 |
| 2020 | $15,654 | $1,861,000 | $1,175,000 | $686,000 |
| 2018 | $13,843 | $1,939,000 | $917,000 | $1,022,000 |
| 2017 | $11,693 | $1,595,000 | $830,000 | $765,000 |
| 2016 | $10,880 | $1,436,000 | $759,000 | $677,000 |
| 2015 | $10,485 | $1,301,000 | $687,000 | $614,000 |
| 2014 | -- | $1,198,000 | $635,000 | $563,000 |
| 2013 | -- | $1,041,000 | $594,000 | $447,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sheri Li
-
Paula Holtzclaw
P
Buyer's Agent in 2024
Paula Holtzclaw
Coldwell Banker Bain
5 in this area
38 Total Sales
-
P
Seller's Agent in 2014
Peni Schwartz
Windermere RE Mercer Island
-
J
Buyer's Agent in 2014
Julie Barrows
Windermere Corporate
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2288858
APN: 414101-0350
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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