NOT LISTED FOR SALE

7924 E Mercer Way Mercer Island, WA 98040

Tarywood Neighborhood

Estimated Value: $2,465,000 - $3,007,000

3 Beds
1 Bath
1,350 Sq Ft
$2,075/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $1,760,000 $1,304 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $16,939/month

37 Days on Market

Highlights

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

About This Home

As of October 2020

Once in a lifetime opportunity to own a little piece of Mercer Island history! Wonderful no bank waterfront with level grassy area, large sunny patio, swim steps and enormous dock. Views of Lake Washington and Mt. Rainer! The 1908 house boat is a treasure and unlike anything you've seen. Stately, pristine and fun! The kitchen features Aga appliances, copper sinks & tub. Fab livable interior spaces. Imagine long summer nights spent outside on the decks, on the boat or bon fires w/ friends.

Last Agent to Sell the Property

Lori Holden

John L. Scott, Inc. License #24368 Listed on: 08/04/2020

John L. Scott, Inc.

Last Buyer's Agent

Barbara Quaranta

COMPASS

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1641556

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,589

Year Built

  • Built in 1908

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is zoned R8.4

Parking

  • Off-Street Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Outbuilding

Utilities

  • The lake is a source of water for the property
  • Cable TV Available

Community Details

  • South End Community

Listing and Financial Details

  • Assessor Parcel Number 3024059164

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,589

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Modular
  • Entrance Level: Main
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dining Room, Skylights
  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 3
  • Bathrooms: 2.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Dining Room: Lower
  • Family Room: Lower
  • Kitchen: Lower
  • Estimated Sq Ft: 1390
  • Square Footage Finished: 1350

Exterior Features

  • Exterior: Metal/Vinyl
  • Foundation: Concrete Block
  • View: Lake, Territorial
  • Waterfront: Bank-Low, Lake, No Bank
  • Waterfront Frontage: 60

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Baseboard
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Source: Public, Lake

Condo/Co-op/Association

  • Community Name: South End

Schools

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

Lot Info

  • Lot Details: Dead End Street, Paved Street, Secluded
  • Lot Sq Ft: 12540
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope
  • Parcel Number: 3024059164
  • Zoning Code: R8.4
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 10911

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Sep 25, 2020
Sold by
Tao Xiaobin and Gui Li
Bought by
Grogan Nicole Ducat and Grogan Robert Leonard
Seller's Agent
Lori Holden
John L. Scott, Inc.
Buyer's Agent
Barbara Quaranta
COMPASS
List Price
$1,995,000
Sold Price
$1,760,000
Premium/Discount to List
-$235,000
-11.78%
Current Estimated Value
$2,801,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,041,462
Avg. Annual Appreciation
10.07%

Purchase Details

Closed on
Jan 11, 2018
Sold by
Tao Xiaobin and Gui Li
Bought by
Tao Xiaobin and Gui Li

Purchase Details

Closed on
May 25, 2006
Sold by
Summers John C and Summers Cinda
Bought by
Tao Xiaobin and Gui Li

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Grogan Nicole Ducat $1,760,000 Fidelity National Title
Tao Xiaobin -- None Available
Tao Xiaobin $1,100,000 Transnation Ti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Xiaobin Tao $945,000
Previous Owner Tao Xiaobin $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $1,760,000 -11.8% $1,304 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $1,995,000 -- $1,478 / 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 $17,589 $2,685,000 $2,024,000 $661,000
2023 $17,370 $2,522,000 $1,910,000 $612,000
2022 $15,066 $2,821,000 $2,149,000 $672,000
2021 $14,463 $2,045,000 $1,769,000 $276,000
2020 $11,163 $1,806,000 $1,685,000 $121,000
2018 $12,161 $1,451,000 $1,345,000 $106,000
2017 $10,269 $1,401,000 $1,294,000 $107,000
2016 $9,552 $1,261,000 $1,183,000 $78,000
2015 $9,208 $1,142,000 $1,071,000 $71,000
2014 -- $1,052,000 $990,000 $62,000
2013 -- $927,000 $874,000 $53,000
Source: Public Records

Agents Affiliated with this Home

  • Lori Holden

    Seller's Agent in 2020

    Lori Holden

    John L Scott

    (206) 949-5674

    9 in this area

    101 Total Sales

    Lori Holden
    Section Image

  • B

    Buyer's Agent in 2020

    Barbara Quaranta

    COMPASS

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1641556

Northwest Multiple Listing Service (NWMLS)

APN: 302405-9164

Washington King County Mercer Island 98040 Tarywood

7924 E Mercer Way, Mercer Island, WA

This home is located at 7924 E Mercer Way, Mercer Island, WA 98040 since 04 August 2020 and is currently estimated at $2,801,462, approximately $2,075 per square foot. This property was built in 1908. 7924 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.

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) 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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