NOT LISTED FOR SALE

Estimated Value: $2,937,000 - $3,484,000

5 Beds
2.5 Baths
3,600 Sq Ft
$895/Sq Ft Est. Value

Last Sold April 27, 2022

Last sale price $3,520,000 $978 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $19,288/month

1 Day on Market

Highlights

  • Lake Front
  • Fruit Trees
  • Wood Flooring
  • Lakeridge Elementary School Rated A
  • Vaulted Ceiling
  • 2 Fireplaces

About This Home

As of April 2022

Rare find in one of the most sought-after neighborhoods on Mercer Island, The Lakes! Enjoy sun-drenched water views & watch ducks float by from your personal estate directly on the lake! Beautifully maintained 5 bedroom, 2.5 bath gem with bonus space option offers tranquility & loads of natural light throughout the expansive floorplan. Fall in love with the gleaming hardwood floors & kitchen with Wolf range, stainless Miele appliances, granite counters & convenience of main floor den/office. Cozy up around the fireplaces, or enjoy central A/C! Exterior features a back patio, whole house generator, .327 acre lot & 3 car garage. Minutes from parks, shopping, & restaurants & just blocks from schools. You truly can have it all, welcome home!

Last Agent to Sell the Property

Loren Ellingson

Redfin License #79682 Listed on: 03/24/2022

Redfin

Last Buyer's Agent

Robert Yang

Coldwell Banker Bain License #97760

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1905424

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,983

Year Built

  • Built in 1987

Lot Details

  • 0.33 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Brush Vegetation
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Garden

HOA Fees

  • $104 Monthly HOA Fees

Home Design

  • Shake Roof
  • Wood Composite

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Dining Room
  • Lake Views
  • Home Security System

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Generator Hookup
  • High Speed Internet
  • Cable TV Available

Community Details

  • The Lakes HOA
  • Mercer Island Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 4141000270

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,983

Year Built

Built in 1987

Lot Details

0

HOA Fees

$104 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1987
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3600
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 1,166

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Forced Air, Central A/C, Hardwood, Wall to Wall Carpet, Wired for Generator, Bath Off Primary, Ceiling Fan(s), Sprinkler System, Dining Room, Security System, Skylight(s), Vaulted Ceiling(s), Walk-In Pantry, Walk-In Closet(s)
  • Living Area: 3600
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • SquareFootageFinished: 3600
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 5
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • FireplacesLower: 2

Exterior Features

  • Roof: Cedar Shake
  • View: Lake
  • Lot Features: Cul-De-Sac
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Wood Products
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected, Common Area Maintenance, Road Maintenance
  • HeatingCoolingType: Central A/C,Forced Air
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 1250
  • Association Fee Frequency: Annually
  • Association: Yes
  • AssociationContactName: The Lakes HOA

Schools

  • Junior High Dist: Mercer Island
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 4141000270
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.327
  • Lot Size Sq Ft: 14244
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: 14244
  • MLSSquareFootageSource: Realist - Buyer to Verify

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2021
  • Tax Annual Amount: 14983

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Apr 14, 2022
Sold by
Weitz Brad J and Weitz Kimberly T
Bought by
Liao Ying and Zhang Yue
Seller's Agent
Loren Ellingson
Redfin
Buyer's Agent
Robert Yang
Coldwell Banker Bain
List Price
$2,850,000
Sold Price
$3,520,000
Premium/Discount to List
$670,000
23.51%
Current Estimated Value
$3,220,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$299,676
Avg. Annual Appreciation
-2.75%
Original Mortgage
$2,640,000
Outstanding Balance
$2,473,009
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$747,315

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jul 9, 2015
Sold by
Alterman Kenneth W and Alterman Jennifer S
Bought by
Weitz Brad J and Weitz Kimberly T
Seller's Agent
Lou Glatz
John L. Scott, Inc.
Buyer's Agent
Michael Fleming
Windermere Mercer Island
List Price
$1,595,000
Sold Price
$1,495,000
Premium/Discount to List
-$100,000
-6.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%
Original Mortgage
$1,193,200
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 1995
Sold by
Liaw Fwo Tzor and Liaw Lai Su Shen
Bought by
Alterman Kenneth W and Alterman Jennifer S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
7.25%
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 Buyer Sale Price Title Company
Liao Ying $3,520,000 First American Title
Weitz Brad J $1,491,500 Fidelity Natio
Alterman Kenneth W $530,000 Evergreen Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liao Ying $2,640,000
Closed Weitz Brad J $0
Previous Owner Weitz Brad J $1,106,000
Previous Owner Weitz Brad J $1,193,200
Previous Owner Alterman Kenneth W $258,000
Previous Owner Alterman Kenneth W $500,000
Previous Owner Alterman Kenneth W $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2022 04/27/22 Sold $3,520,000 +23.5% $978 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $2,850,000 +90.6% $792 / Sq Ft
07/16/2015 07/16/15 Sold $1,495,000 -6.3% $415 / Sq Ft
05/16/2015 05/16/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $1,595,000 -- $443 / 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 $17,805 $2,718,000 $1,410,000 $1,308,000
2023 $17,523 $2,553,000 $1,331,000 $1,222,000
2022 $15,611 $2,856,000 $1,498,000 $1,358,000
2021 $14,983 $2,119,000 $1,233,000 $886,000
2020 $14,636 $1,871,000 $1,175,000 $696,000
2018 $12,950 $1,813,000 $917,000 $896,000
2017 $11,310 $1,492,000 $830,000 $662,000
2016 $10,521 $1,389,000 $759,000 $630,000
2015 -- $1,258,000 $687,000 $571,000
2014 -- $1,158,000 $635,000 $523,000
2013 -- $1,047,000 $594,000 $453,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1905424

Northwest Multiple Listing Service (NWMLS)

APN: 414100-0270