Listed by John L. Scott, Inc., Bought with Windermere R.E. Northeast, Inc
$3,788,888
SOLD OCT 11, 2013

8039 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood
6 Beds
8 Baths
8,300 Sq Ft
0.43 Acres

Recently Sold

$456 Per Sq Ft

11% Below List Price

103 Days on Market

About This Home

As of September 2021

Contemporary treasure tucked on 132’ of westerly Lk WA Waterfront.100’ dock-2 fingers, deep water moorage & watercraft lifts-your gateway to fun.Grand living on a broad scale, plethora of windows embrace pure light & lake lvg.Lounge hovers over classic lvg rm.Vast kitchen, fam rm & nook soak in the lake. Supreme main flr master suite, lg office, Au-Pair Suite. Impressive theatre rm, spa rm, 2 junior suites on lwr lvl. Decks & patio. 2 sep 2 car gar. Amenity list is long-stop by & stay a lifetime

Last Agent to Sell the Property

Kimberly Johnston

John L. Scott, Inc. License #18860 Listed on: 04/25/2013

John L. Scott, Inc.

Last Buyer's Agent

Kim Witzig

Windermere R.E. Northeast, Inc License #23883

Windermere R.E. Northeast, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM477930

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$66,511

Year Built

1989

Lot Details

0

Listing Details

  • Form 17: Provided
  • Special Features: None
  • Year Built: 1989

Interior Features

  • Appliances: Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor
  • Fireplaces: 2
  • Basement: Fully Finished
  • Features: Wet Bar, Wine Cellar, Bath Off Master, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, Hot Tub/Spa, Jetted Tub, Sauna, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Vinyl, Wall to Wall Carpet
  • Water Heater Location: 2 Gas / 1 Electric

Exterior Features

  • Roof: Cedar Shake, Flat
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Dead End Street, Paved Street
  • Roof: Cedar Shake, Flat
  • Site Features: Cable TV, Deck, Dock, High Speed Internet, Hot Tub/Spa, Moorage, Patio, Sprinkler System
  • View: Lake, Mountain
  • Waterfront: Low Bank, Bulkhead, Lake
  • Waterfront Frontage: 132 +/-
  • Lot Topography: Fruit Trees, Garden Space, Level, Sloped

Garage/Parking

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

Utilities

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

Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 22, 2021
Sold by
Keem Wonnie S and Keem Sean Kyong
Bought by
Sundaresan Rajkumar and Raj Sheena
Seller's Agent
Pamela Bellah
Bellah Real Estate Inc.
Buyer's Agent
Don Goethals
RE/MAX Extra Inc.
List Price
$11,398,800
Sold Price
$10,300,000
Premium/Discount to List
-$1,098,800
-9.64%
Current Estimated Value
$8,425,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,874,218
Avg. Annual Appreciation
-4.65%
Original Mortgage
$5,665,000
Outstanding Balance
$5,034,748
Interest Rate
1.38%
Mortgage Type
New Conventional
Estimated Equity
$3,543,942

Purchase Details

Listed on
Apr 25, 2013
Closed on
Oct 7, 2013
Sold by
Lou George Y and Lou Betsy P
Bought by
Keem Wonnie S
Seller's Agent
Kimberly Johnston
John L. Scott, Inc.
Buyer's Agent
Kim Witzig
Windermere R.E. Northeast, Inc
List Price
$4,250,000
Sold Price
$3,788,889
Premium/Discount to List
-$461,111
-10.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.37%
Original Mortgage
$2,273,332
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 25, 2013
Closed on
Oct 3, 2013
Sold by
Keem Sean K
Bought by
Keem Wonnie S
Seller's Agent
Kimberly Johnston
John L. Scott, Inc.
Buyer's Agent
Kim Witzig
Windermere R.E. Northeast, Inc
List Price
$4,250,000
Sold Price
$3,788,889
Premium/Discount to List
-$461,111
-10.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,273,332
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 23, 1992
Sold by
Nobmann Paul H and Nobmann Marianne
Bought by
Lou George Y and Lou Betsy P
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $10,300,000 Chicago Title Company Of Wa
Warranty Deed $3,788,888 Chicago Title
Interfamily Deed Transfer -- Chicago Title
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,665,000 New Conventional
Closed $5,665,000 New Conventional
Previous Owner $773,500 New Conventional
Previous Owner $2,005,000 New Conventional
Previous Owner $500,000 Future Advance Clause Open End Mortgage
Previous Owner $2,273,332 Adjustable Rate Mortgage/ARM
Previous Owner $109,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $10,300,000 -9.6% $1,113 / Sq Ft
08/15/2021 08/15/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $11,398,800 +200.8% $1,231 / Sq Ft
10/11/2013 10/11/13 Sold $3,788,889 -10.8% $456 / Sq Ft
08/06/2013 08/06/13 Pending -- -- --
04/25/2013 04/25/13 For Sale $4,250,000 -- $512 / 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 $66,511 $10,161,000 $4,513,000 $5,648,000
2023 $65,666 $9,542,000 $4,258,000 $5,284,000
2022 $57,216 $10,671,000 $4,790,000 $5,881,000
2021 $46,641 $7,773,000 $3,943,000 $3,830,000
2020 $42,050 $5,829,000 $3,756,000 $2,073,000
2018 $43,636 $5,212,000 $3,331,000 $1,881,000
2017 $38,086 $5,031,000 $3,203,000 $1,828,000
2016 $35,421 $4,681,000 $2,928,000 $1,753,000
2015 $34,121 $4,239,000 $2,650,000 $1,589,000
2014 -- $3,902,000 $2,450,000 $1,452,000
2013 -- $3,443,000 $2,281,000 $1,162,000
Source: Public Records

Agents Affiliated with this Home

  • Pamela Bellah

    Seller's Agent in 2021

    Pamela Bellah

    Bellah Real Estate Inc.

    (206) 619-2175

    1 in this area

    24 Total Sales

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  • Jennifer Michaels

    Seller Co-Listing Agent in 2021

    Jennifer Michaels

    Windermere Corporate

    (425) 238-7094

    1 in this area

    16 Total Sales

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  • Don Goethals

    Buyer's Agent in 2021

    Don Goethals

    RE/MAX

    (253) 307-0784

    1 in this area

    391 Total Sales

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  • Kimberly Johnston

    Seller's Agent in 2013

    Kimberly Johnston

    John L Scott

    (425) 766-2000

    1 in this area

    120 Total Sales

    Section Image
  • Kim Witzig

    Buyer's Agent in 2013

    Kim Witzig

    Windermere Corporate

    (425) 591-5858

    90 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM477930

Northwest Multiple Listing Service (NWMLS)

APN: 335850-0110

Washington King County Mercer Island 98040 Island Point

8039 W Mercer Way, Mercer Island, WA

This home is located at 8039 W Mercer Way, Mercer Island, WA 98040 and is currently priced at $3,788,888, approximately $456 per square foot. This property was built in 1989. 8039 W 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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