$5,800,000
SOLD SEP 29, 2016
4 Beds
3 Baths
4,632 Sq Ft
0.51 Acres

Recently Sold

$1,252 Per Sq Ft

9% Below List Price

92 Days on Market

Highlights

  • Docks
  • Lake View
  • Wood Flooring
  • Lakeridge Elementary School Rated A
  • Deck
  • 1 Fireplace

About This Home

As of September 2016

Close in & yet a world away on Mercer Island’s Waters Edge sits a residence masterfully conceived in 2013 by SKB Architects. Tucked at the end of a private lane and with 180 degree views of Lake Washington and Mount Rainier this Modern Beach house sits on a level 1/2 acre with 168 feet of no bank waterfront & deep water moorage. Crafted of concrete & hand selected Douglas Fir beams, the floor to ceiling windows open to bring the outdoors in while the broad deck & lawn flow to the water’s edge.

Last Agent to Sell the Property

Scott Richards

Windermere Real Estate/East License #17884 Listed on: 05/23/2016

Windermere Real Estate/East

Last Buyer's Agent

Sudi Tabatabai

Windermere Real Estate/East License #23265

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM941283

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,817

Year Built

  • Built in 2013

Lot Details

  • Street terminates at a dead end
  • Steep Slope
  • Sprinkler System
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 3024059071

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,817

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Homebuilder: Dyna
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2013
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wine Cellar, Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, Security System, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Concrete, Hardwood
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 3.00
  • Bathrooms Main: Main
  • Total Full Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Den or Office: Upper
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4632

Exterior Features

  • Exterior: Cement/Concrete, Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Mountain, Territorial
  • Waterfront: Lake
  • Waterfront Frontage: 168

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 4

Utilities

  • Heating And Cooling: Central A/C, Radiant, 90%+ High Efficiency
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: Mercer Island Water
  • Water Company: Mercer Island Water
  • Water Heater: Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island
  • Project: Kings Cove

Schools

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

Lot Info

  • Lot Details: Dead End Street
  • Lot Sq Ft: 22058
  • Lot Topography Vegetation: Garden Space, Partial Slope, Steep Slope
  • Parcel Number: 3024059071
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Partial Slope, Steep Slope

Tax Info

  • Tax Amount: 48259

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2016
Closed on
Sep 19, 2016
Sold by
Gibbons R Thomas and Gibbons Susan K
Bought by
7964 E Mercer Way Llc
Seller's Agent
Scott Richards
Windermere Real Estate/East
Buyer's Agent
Sudi Tabatabai
Windermere Real Estate/East
List Price
$6,388,880
Sold Price
$5,800,000
Premium/Discount to List
-$588,880
-9.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.37%

Purchase Details

Closed on
Jun 22, 2007
Sold by
King David G and King Karen B
Bought by
Gibbons Ii R Thomas and Gibbons Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Warranty Deed $5,800,000 Chicago Title
Quit Claim Deed -- Transnation Ti
Warranty Deed $2,978,500 Transnation Ti
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Previous Owner $990,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,420,000 New Conventional
Previous Owner $1,415,000 Unknown
Previous Owner $2,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $11,500,000 +98.3% $2,483 / Sq Ft
09/29/2016 09/29/16 Sold $5,800,000 -9.2% $1,252 / Sq Ft
08/24/2016 08/24/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $6,388,880 -- $1,379 / 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 $54,817 $8,374,000 $4,455,000 $3,919,000
2023 $53,924 $7,864,000 $4,203,000 $3,661,000
2022 $48,386 $8,795,000 $4,728,000 $4,067,000
2021 $46,441 $6,573,000 $3,892,000 $2,681,000
2020 $56,834 $5,804,000 $3,707,000 $2,097,000
2018 $61,845 $7,403,000 $3,975,000 $3,428,000
2017 $51,889 $7,531,000 $3,823,000 $3,708,000
2016 $48,259 $6,378,000 $3,495,000 $2,883,000
2015 $46,489 $5,776,000 $3,163,000 $2,613,000
2014 -- $5,317,000 $2,924,000 $2,393,000
2013 -- $4,383,000 $2,146,000 $2,237,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM941283

Northwest Multiple Listing Service (NWMLS)

APN: 302405-9071