$4,498,000
SOLD DEC 8, 2015
6 Beds
1 Bath
6,831 Sq Ft
0.37 Acres

Recently Sold

$658 Per Sq Ft

4% Below List Price

36 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Lake View
  • Lakeridge Elementary School Rated A
  • Spa
  • Deck

About This Home

As of June 2020

Take a fresh look! This one of kind waterfront property, boasts 3 separate structures; main house w/impressive interior spaces ideal for entertaining including an indoor sport court, movie theater, and 3 bar areas. A 600sf detached apartment house, and boat casita, fully loaded with all your lake life needs. Beautifully situated on Lake Washington, you can zip over to watch the Seahawks at their practice facility, have a front row seat for Seafair and enjoy unparalleled views of Mount Rainier.

Last Agent to Sell the Property

Becky Gray

Realogics Sotheby's Int'l Rlty License #3624 Listed on: 09/24/2015

Realogics Sotheby's Int'l Rlty

Last Buyer's Agent

Robert Pong

Realogics Sotheby's Int'l Rlty License #116686

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM851729

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,072

Year Built

  • Built in 2002

Lot Details

  • Low Bank Waterfront Property
  • Home fronts a canal
  • Street terminates at a dead end
  • Partially Fenced Property
  • Sloped Lot
  • Sprinkler System
  • Garden
  • Property is zoned R8.4

Parking

  • Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Tile Roof
  • Stucco
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 5 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

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 3024059083

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: Additional Dwelling, Built On Lot
  • Entrance Level: Main
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wine Cellar, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, High Tech Cabling, 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
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Approved Number of Bedrooms: 6
  • Bedrooms: 6.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 2
  • Bathrooms: 5.75
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 5
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Upper
  • Fireplaces: 5
  • Fireplaces Main: 3
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 6831
  • Square Footage Finished: 6831

Exterior Features

  • Exterior: Stucco, Wood Products
  • Foundation: Poured Concrete
  • Roof: Tile
  • View: Lake, Mountain, Territorial
  • Waterfront: Bank-Low, Canal, Lake
  • Waterfront Frontage: 40

Garage/Parking

  • Parking Type: Garage-Attached, Garage-Detached
  • Total Covered Parking: 5

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Hot Water Recirc Pump
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 6
  • 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

Schools

  • Elementary School: Lakeridge Elem
  • Middle School: Isler Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 16316
  • Lot Topography Vegetation: Garden Space, Sloped
  • Parcel Number: 3024059083
  • Zoning Code: R8.4
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Sloped

Tax Info

  • Tax Amount: 19449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2020
Sold by
Bagby David Andrew
Bought by
David Bagby Family Trust and Bagby
Current Estimated Value
$5,976,068

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
7.24%

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

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
2.99%

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%

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%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $3,520,000 None Listed On Document
Warranty Deed $4,185,000 First American
Interfamily Deed Transfer -- First American
Warranty Deed $4,498,000 Chicago Title
Warranty Deed $1,340,000 Transnation Title Insurance
Interfamily Deed Transfer -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,500,000 Credit Line Revolving
Previous Owner $585,896 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Credit Line Revolving
Previous Owner $1,000,000 No Value Available
Previous Owner $379,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2020 06/17/20 Sold $4,185,000 -16.3% $658 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
02/27/2020 02/27/20 Price Changed $4,999,950 -3.5% $786 / Sq Ft
08/16/2019 08/16/19 For Sale $5,180,000 +15.2% $814 / Sq Ft
12/08/2015 12/08/15 Sold $4,498,000 -4.3% $658 / Sq Ft
10/31/2015 10/31/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $4,698,000 -- $688 / 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 $33,072 $5,051,000 $1,982,000 $3,069,000
2023 $32,657 $4,744,000 $1,870,000 $2,874,000
2022 $29,202 $5,306,000 $2,104,000 $3,202,000
2021 $28,028 $3,966,000 $1,732,000 $2,234,000
2020 $27,802 $3,502,000 $1,650,000 $1,852,000
2018 $30,153 $3,615,000 $1,215,000 $2,400,000
2017 $25,886 $3,476,000 $1,169,000 $2,307,000
2016 $24,086 $3,181,000 $1,069,000 $2,112,000
2015 $23,299 $2,882,000 $968,000 $1,914,000
2014 -- $2,664,000 $895,000 $1,769,000
2013 -- $2,129,000 $873,000 $1,256,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM851729

Northwest Multiple Listing Service (NWMLS)

APN: 302405-9083