Location & Lifestyle! This custom estate captures the essence of lakeside living! PRIVATE WATERFRONT & DOCK plus cozy lakeside cabana offer year round enjoyment. Views of Lake Wash & Mt Rainier from almost every room. Main house everything you need for entertainment + indoor basketball court. STAND ALONG MIL + two car garage offers excellent RENTAL income. Top rated MI schools, parks & recreation offerings. Easy access to I-90, Seattle & Bellevue. Seller offering attractive financial terms!
Realogics Sotheby's Int'l RltyLicense #116686Listed on: 08/16/2019
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1503528
Home Details
Home Type
Single Family
Est. Annual Taxes
$33,072
Year Built
Built in 2002
Lot Details
Street terminates at a dead end
Terraced Lot
Sprinkler System
Garden
Property is zoned R8.4
Property Views
Lake
City
Mountain
Home Design
Poured Concrete
Tile Roof
Stucco
Interior Spaces
1 Bathroom
6 Fireplaces
Finished Basement
Natural lighting in basement
Kitchen
Double Oven
Microwave
Dishwasher
Trash Compactor
Disposal
Flooring
Wood
Wall to Wall Carpet
Slate Flooring
Ceramic Tile
Laundry
Dryer
Washer
Parking
Attached Garage
Off-Street Parking
Outdoor Features
Spa
Docks
Deck
Patio
Gazebo
Outbuilding
Utilities
High Speed Internet
Cable TV Available
Listing and Financial Details
Assessor Parcel Number 3024059083
Community Details
Overview
Mercer Island Community
Recreation
Waterfront Community
Home Details
Home Type
Single Family
Est. Annual Taxes
$33,072
Year Built
Built in 2002
Lot Details
0
Listing Details
Property Type: Residential
Style: 15 - Multi Level
Approved Accessory Dwelling: Upper
Building Information: Built On Lot
Entrance Level: Main
Year Built: 2002
Special Features: None
Property Sub Type: Detached
Interior Features
Features: 2nd Kitchen, Wet Bar, Wine Cellar, Wired For Generator, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dining Room, Fireplace In Mstr Br, French Doors, Hot Tub/Spa, Jetted Tub, Security System, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
Floor Covering: Ceramic Tile, Hardwood, Slate, Wall To Wall Carpet
Heating And Cooling: Central A/C, Forced Air, Radiant
Power Company: PSE
Sewer: Sewer Connected
Sewer Company: City of Mercer Island
Water Company: City of Mercer Island
Water Heater: Garage-Gas
Water Source: Public
Condo/Co-op/Association
Community Name: Mercer Island
Community Features: Community Waterfront/Pvt Beach
Schools
Elementary School: Lakeridge Elem
Middle School: Islander Mid
High School: Mercer Isl High
School District: MIS
Lot Info
Lot Details: Dead End Street
Lot Sq Ft: 16316
Lot Topography Vegetation: Garden Space, Partial Slope, Terraces
Parcel Number: 3024059083
Zoning Code: R8.4
Zoning Jurisdiction: City
Lot Topography: Garden Space, Partial Slope, Terraces
Tax Info
Tax Amount: 30153
Ownership History
DateNameOwned ForOwner Type
Aug 2020 - PresentDavid Bagby Family Trust and Bagby4 Years and 9 Months
Private Individual
Purchase Details
Closed on
Aug 31, 2020
Sold by
Bagby David Andrew
Bought by
David Bagby Family Trust and Bagby
Total Days on Market
282
Current Estimated Value
$6,002,746
Jun 2020 - Aug 2020Bagby David Andrew2 Months
Private Individual
Purchase Details
Listed on
Aug 16, 2019
Closed on
Jun 15, 2020
Sold by
Guo Jian and Tao Dong
Bought by
Bagby David Andrew
Seller's Agent
Robert Pong
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Sharon Liu
Engel & Voelkers Chambers Bay
List Price
$5,180,000
Sold Price
$4,185,000
Premium/Discount to List
-$995,000
-19.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.41%
Mar 2016 - Jun 2020Guo Jian and Dong Tao4 Years and 3 Months
Private Individual
Purchase Details
Closed on
Mar 11, 2016
Sold by
Gou Jian and Dong Tao
Bought by
Guo Jian and Dong Tao
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.65%
Mortgage Type
Credit Line Revolving
Dec 2015 - Mar 2016Jian Guo and Tao Dong3 Months
Private Individual
Purchase Details
Listed on
Sep 24, 2015
Closed on
Dec 2, 2015
Sold by
Backes Michael A and Backes Susan E
Bought by
Jian Guo and Tao Dong
Seller's Agent
Becky Gray
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Robert Pong
Realogics Sotheby's Int'l Rlty
List Price
$4,698,000
Sold Price
$4,498,000
Premium/Discount to List
-$200,000
-4.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%
Nov 2000 - Dec 2015Backes Michael A and Backes Susan E15 Years and 1 Month
Private Individual
Purchase Details
Closed on
Nov 22, 2000
Sold by
Dills John H and Dills Suzanne R
Bought by
Backes Michael A and Backes Susan E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.87%
Jul 1995 - Nov 2000Dills John H and Dills Suzanne R5 Years and 4 Months
Private Individual
Purchase Details
Closed on
Jul 21, 1995
Sold by
Dills Suzanne R and Dills Suzanne Leclerco
Bought by
Dills John H and Dills Suzanne R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,000
Interest Rate
7%
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Hidden Jewel , an impressive luxury home in the sought-after heart of Mercer Island. This 4824 sq ft home offers 6 bedrooms, 5 private baths, and 2 powder rooms. The thoughtful layout features high ceilings, a grand foyer, and expansive living areas. Premium materials are used throughout, with slab countertops in the two full kitchens and top-tier stainless steel appliances. The home also
A spotless and stunning new-construction home. Sited on the conveniently located north end with easy access to downtown Mercer Island, I-90, Bellevue and Seattle. Captivating lake and city views! Live exceptionally in this perfectly crafted masterpiece, featuring a great room concept with dramatic views which opens to an expansive deck with built-in barbeque and cooking station, two designer
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 7908 E Mercer Way, Mercer Island, WA 98040 since 16 August 2019 and is currently estimated at $6,002,746, approximately $943 per square foot. This property was built in 2002. 7908 E 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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