Seller's Agent in 2015
Lou Glatz
John L Scott
(206) 948-2591
3 in this area
34 Total Sales
8101 SE 48th St Mercer Island, WA 98040
Forest Avenue NeighborhoodEstimated Value: $3,055,117 - $4,058,000
5
Beds
1
Bath
3,710
Sq Ft
$942/Sq Ft
Est. Value
Highlights
- Low Bank Waterfront Property
- RV Access or Parking
- Deck
- Island Park Elementary School Rated A
- Lake View
- Secluded Lot
About This Home
As of December 2015Your lakeside sanctuary. Exceptional, iconic NW Modernist architecture. Renowned Carl A. Bystrom created this showcase of sleek, sophisticated mid-century design. Stunning views of Seattle, Lk Wash, & the Olympics pour through floor to ceiling windows. Also, a practical livable home. Ideal mid West Island location. Private, estate setting. Terraced patios & gardens by prized designer William Teufel. Follow the path to 21 ft of waterfront & private boat slip. Rarely available opportunity awaits.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM865508
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,923
Year Built
- Built in 1958
Lot Details
- Low Bank Waterfront Property
- Street terminates at a dead end
- Secluded Lot
- Level Lot
- Sprinkler System
Property Views
- Lake
- City
- Mountain
Home Design
- Modern Architecture
- Poured Concrete
- Bitumen Roof
- Wood Siding
Interior Spaces
- 1 Bathroom
- 4 Fireplaces
- Wall to Wall Carpet
- Finished Basement
- Natural lighting in basement
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Parking
- Detached Carport Space
- RV Access or Parking
Outdoor Features
- Deck
- Patio
Community Details
- Westside Community
Listing and Financial Details
- Assessor Parcel Number 2577300023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2015
Closed on
Nov 30, 2015
Sold by
Johnson Julie F and Witz Clairann N
Bought by
Hagen Henning and Hagen Trudi H
Seller's Agent
Lou Glatz
John L. Scott, Inc.
Buyer's Agent
Fay Besharat
Marketplace Sotheby's Intl Rty
List Price
$2,250,000
Sold Price
$2,250,000
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
$1,243,029
Avg. Annual Appreciation
4.57%
Original Mortgage
$1,656,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Oct 30, 2015
Closed on
Nov 4, 2015
Sold by
Faulstich Robert C and Johnson Julie F
Bought by
Faulstich Robert C and Johnson Julie F
Seller's Agent
Lou Glatz
John L. Scott, Inc.
Buyer's Agent
Fay Besharat
Marketplace Sotheby's Intl Rty
List Price
$2,250,000
Sold Price
$2,250,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,656,750
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 25, 2015
Sold by
Faulstich Gretchen F
Bought by
Faulstick Gretchen F and Faultstich Robert C
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hagen Henning | $2,209,000 | Fidelity Natio | |
| Faulstich Robert C | -- | None Available | |
| Faulstick Gretchen F | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hagen Henning | $1,464,300 | |
| Closed | Hagen Henning | $1,656,000 | |
| Closed | Hagen Henning | $1,656,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2015 12/11/15 | Sold | $2,250,000 | 0.0% | $606 / Sq Ft |
| 11/10/2015 11/10/15 | Pending | -- | -- | -- |
| 11/06/2015 11/06/15 | For Sale | $2,250,000 | -- | $606 / 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 | $17,923 | $2,736,000 | $1,587,000 | $1,149,000 |
| 2023 | $17,700 | $2,570,000 | $1,498,000 | $1,072,000 |
| 2022 | $15,427 | $2,874,000 | $1,686,000 | $1,188,000 |
| 2021 | $14,831 | $2,094,000 | $1,388,000 | $706,000 |
| 2020 | $15,559 | $1,852,000 | $1,322,000 | $530,000 |
| 2018 | $12,646 | $1,928,000 | $1,010,000 | $918,000 |
| 2017 | $10,993 | $1,457,000 | $914,000 | $543,000 |
| 2016 | $8,691 | $1,350,000 | $836,000 | $514,000 |
| 2015 | $8,378 | $1,039,000 | $757,000 | $282,000 |
| 2014 | -- | $957,000 | $700,000 | $257,000 |
| 2013 | -- | $912,000 | $750,000 | $162,000 |
Source: Public Records
Agents Affiliated with this Home
-
Lou Glatz
-
Lori Holden
Seller Co-Listing Agent in 2015
Lori Holden
John L Scott
(206) 949-5674
3 in this area
102 Total Sales
-
Fay Besharat
Buyer's Agent in 2015
Fay Besharat
Marketplace Sothebys International Realty
(206) 999-0715
112 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM865508
APN: 257730-0023
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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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