Seller's Agent in 2016
Scott Richards
Windermere Corporate
(208) 622-2700
2 in this area
89 Total Sales
8038 SE 45th St Mercer Island, WA 98040
Forest Avenue NeighborhoodEstimated Value: $4,173,000 - $5,080,000
5
Beds
1
Bath
6,200
Sq Ft
$754/Sq Ft
Est. Value
Highlights
- Lake View
- Deck
- 5 Fireplaces
- Island Park Elementary School Rated A
- Wood Flooring
- Double Oven
About This Home
As of May 2016MI Point Of View-A private 6,400sf residence, exquisitely constructed in 2011 by Aspen Homes. Sitting proudly above Lake Washington bathed in natural light, boasting inspirational lake & mountain views- the very best of the northwest. A classic floor plan flows to incorporate 5 bedrooms with wonderful areas designed for entertaining. Featuring- Home Theater, rec room, wine cellar, bonus room, office, covered & outdoor living area. Set upon the coveted mid-Island West side on more than 1/3 acre.
Last Agent to Sell the Property
Windermere Real Estate/East License #17884 Listed on: 03/08/2016
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM902328
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,650
Year Built
- Built in 2011
Lot Details
- Level Lot
- Sprinkler System
Parking
- Attached Garage
Property Views
- Lake
- Territorial
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
- Wood Composite
Interior Spaces
- 1 Bathroom
- 5 Fireplaces
- Finished Basement
Kitchen
- Double Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Outdoor Features
- Deck
- Patio
Utilities
- High Speed Internet
- Cable TV Available
Community Details
- Westside Community
Listing and Financial Details
- Assessor Parcel Number 7700100065
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 8, 2016
Closed on
May 4, 2016
Sold by
Lovejoy Stephen and Lovejoy Karin
Bought by
Morgan John Paul and Morgan Sally Lorrai
Seller's Agent
Scott Richards
Windermere Real Estate/East
Buyer's Agent
Scott Richards
Windermere Real Estate/East
List Price
$2,599,880
Sold Price
$2,519,000
Premium/Discount to List
-$80,880
-3.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,156,004
Avg. Annual Appreciation
5.92%
Original Mortgage
$2,000,000
Outstanding Balance
$1,615,963
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$2,700,095
Purchase Details
Listed on
Jan 12, 2012
Closed on
Mar 20, 2012
Sold by
Aspen Homes Inc
Bought by
Lovejoy Stephen E and Lovejoy Karin L
Seller's Agent
Betty Delaurenti
John L. Scott, Inc.
Buyer's Agent
Joseph Paar
Paar Development LLC
List Price
$1,900,000
Sold Price
$1,900,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$1,520,000
Interest Rate
2.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 25, 2005
Sold by
Budlong Martin F and Budlong Elizabeth
Bought by
Aspen Homes Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Morgan John Paul | $2,519,000 | Chicago Title | |
| Lovejoy Stephen E | $1,900,000 | Fidelity Natio | |
| Aspen Homes Inc | $775,000 | Transnation Ti |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Morgan John Paul | $2,000,000 | |
| Previous Owner | Lovejoy Stephen E | $1,520,000 | |
| Previous Owner | Aspen Homes Inc | $142,932 | |
| Previous Owner | Aspen Homes Inc | $1,481,250 | |
| Previous Owner | Aspen Homes Inc | $78,440 | |
| Previous Owner | Aspen Homes Inc | $1,650,000 | |
| Previous Owner | Aspen Homes Inc | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2016 05/16/16 | Sold | $2,519,000 | -3.1% | $406 / Sq Ft |
| 03/20/2016 03/20/16 | Pending | -- | -- | -- |
| 03/08/2016 03/08/16 | For Sale | $2,599,880 | +36.8% | $419 / Sq Ft |
| 03/30/2012 03/30/12 | Sold | $1,900,000 | 0.0% | $306 / Sq Ft |
| 02/17/2012 02/17/12 | Pending | -- | -- | -- |
| 01/12/2012 01/12/12 | For Sale | $1,900,000 | -- | $306 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $24,650 | $3,764,000 | $1,408,000 | $2,356,000 |
| 2023 | $24,807 | $3,603,000 | $1,329,000 | $2,274,000 |
| 2022 | $22,182 | $4,030,000 | $1,495,000 | $2,535,000 |
| 2021 | $22,229 | $3,012,000 | $1,231,000 | $1,781,000 |
| 2020 | $23,026 | $2,777,000 | $1,173,000 | $1,604,000 |
| 2018 | $22,340 | $2,854,000 | $937,000 | $1,917,000 |
| 2017 | $19,501 | $2,575,000 | $848,000 | $1,727,000 |
| 2016 | $18,138 | $2,396,000 | $776,000 | $1,620,000 |
| 2015 | $18,474 | $2,170,000 | $703,000 | $1,467,000 |
| 2014 | -- | $2,112,000 | $650,000 | $1,462,000 |
| 2013 | -- | $1,866,000 | $596,000 | $1,270,000 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Richards
-
B
Seller's Agent in 2012
Betty Delaurenti
John L. Scott, Inc.
-
Julia Nordby
Seller Co-Listing Agent in 2012
Julia Nordby
Coldwell Banker Bain
(425) 785-0375
9 Total Sales
-
J
Buyer's Agent in 2012
Joseph Paar
Paar Development LLC
-
Joe Paar
J
Buyer's Agent in 2012
Joe Paar
Craft Real Estate Services LLC
(206) 830-0929
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM902328
APN: 770010-0065
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Based on information submitted to the MLS GRID
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