NOT LISTED FOR SALE

7938 E Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,455,924 - $4,324,000

5 Beds
5 Baths
4,078 Sq Ft
$982/Sq Ft Est. Value

Last Sold October 15, 2012

Last sale price $1,778,000 $436 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $23,960/month

30 Days on Market

About This Home

As of October 2012

Good morning SUNSHINE! 5 bedrooms,3 full and 2 half baths with 4,078 sqft (and over $400,000 in updates since purchase). Fantastic lake and Mt. Rainier views. All bedrooms upstairs along with laundry and bonus.Main level entry,office,living, dining,kitchen with eating space and large familyroom adjoing kitchen:all new appliances,island,marble on island with slab granite on other C-tops,added cabinets. New hdwds on main & up both stairs,new bathrooms,new millwork&doors,int/ext lighting,carpets...

Last Listed By

James Hagstrom

John L. Scott, Inc. License #11328 Listed on: 07/21/2012

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM384807

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$21,038

Year Built

1991

Lot Details

0

Listing Details

  • Condition: Very Good
  • Special Features: None
  • Year Built: 1991

Interior Features

  • Features: Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace in Master Bedroom, French Doors, High Tech Cabling, Security System, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 3
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Water Heater Location: Garage-Gas

Exterior Features

  • Community Features: CCRs
  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Lot Details: Cul-de-sac
  • Roof: Tile
  • Site Features: Cable TV, Deck, Natural Gas Available, High Speed Internet, Shop
  • View: City, Lake, Mountain

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 3

Utilities

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2012
Closed on
Sep 24, 2012
Sold by
Obryant Allan and Obryant Christine E
Bought by
Qu Yaoge and Wang Lijuan
Seller's Agent
James Hagstrom
John L. Scott, Inc.
Buyer's Agent
Feng Hong
Windermere Real Estate/East
List Price
$1,778,000
Sold Price
$1,778,000
Total Days on Market
30
Current Estimated Value
$4,005,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,227,481
Avg. Annual Appreciation
6.69%
Original Mortgage
$1,244,000
Outstanding Balance
$839,251
Interest Rate
2.29%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,172,356

Purchase Details

Closed on
Jul 6, 2005
Sold by
Kaiser Charles R and Kaiser Diana C
Bought by
Prudential Residential Services Lp

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
5.13%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 30, 2005
Sold by
Prudential Residential Services Lp
Bought by
Obryant Allan and Obryant Christina E

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
5.13%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 7, 2003
Sold by
Kidder Jeffrey Brian and Kidder Nancy J
Bought by
Kaiser Charles R and Kaiser Diana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 1988
Sold by
King David G and King Karen B
Bought by
Kidder Jeffrey Brian and Kidder Nancy J

Range of Values:

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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
Qu Yaoge $1,778,000 Wfg National T
Prudential Residential Services Lp $1,449,000 Fidelity Natio
Obryant Allan $1,449,000 Fidelity Natio
Prudential Residential Services Lp $1,449,000 Fidelity Natio
Kaiser Charles R $1,200,000 Lawyers Title
Kidder Jeffrey Brian $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Brnjdon $400,000
Open Qu Yaoge $1,244,000
Previous Owner Prudential Residential Services Lp $400,000
Previous Owner Prudential Residential Services Lp $400,000
Previous Owner Kaiser Charles R $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2012 10/15/12 Sold $1,778,000 0.0% $436 / Sq Ft
08/20/2012 08/20/12 Pending -- -- --
07/21/2012 07/21/12 For Sale $1,778,000 -- $436 / 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 $21,038 $3,212,000 $1,525,000 $1,687,000
2023 $20,775 $3,017,000 $1,439,000 $1,578,000
2022 $18,105 $3,374,000 $1,619,000 $1,755,000
2021 $17,382 $2,458,000 $1,333,000 $1,125,000
2020 $19,640 $2,171,000 $1,270,000 $901,000
2018 $19,054 $2,434,000 $1,219,000 $1,215,000
2017 $16,093 $2,196,000 $1,103,000 $1,093,000
2016 $14,973 $1,977,000 $1,009,000 $968,000
2015 $14,427 $1,791,000 $914,000 $877,000
2014 -- $1,649,000 $845,000 $804,000
2013 -- $1,112,000 $662,000 $450,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    James Hagstrom

    John L Scott

  • Feng Hong

    Buyer's Agent in 2012

    Feng Hong

    Windermere Corporate

    (206) 551-2142

    3 in this area

    45 Total Sales

    Feng Hong
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM384807

Northwest Multiple Listing Service (NWMLS)

APN: 302405-9201

Washington King County Mercer Island 98040 Island Point

7938 E Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7938 E Mercer Way, Mercer Island, WA 98040 since 21 July 2012 and is currently estimated at $4,005,481, approximately $982 per square foot. This property was built in 1991. 7938 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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Northwest Multiple Listing Service (NWMLS) 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. ©2025 NWMLS.