Listed by COMPASS, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $2,594,000 - $3,274,000

4 Beds
2.5 Baths
2,600 Sq Ft
$1,107/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $1,900,000 $731 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $16,703/month

6 Days on Market

Highlights

  • Lake View
  • Waterfront
  • 2 Fireplaces
  • Lakeridge Elementary School Rated A
  • Wood Flooring
  • Corner Lot

About This Home

As of August 2020

Community, lifestyle & lakefront living! This is The Lakes at its best. Exquisitely updated 4 BR + den Buchan on the water’s edge. Spacious kitchen, formal liv/din rooms with access to backyard, Master suite w/marble bath & stunning lake views. A dreamy outdoor paradise to enjoy the tranquil lake, mature landscaping & quiet escape. Sunny corner lot, oversized 3-car garage & the most coveted neighborhood on the Island! Mins to schools, playfields/grounds, trails, parks, shopping & restaurants!

Last Agent to Sell the Property

Greg Rosenwald

COMPASS License #79606 Listed on: 07/21/2020

COMPASS

Last Buyer's Agent

Shoshana Godwin

COMPASS License #115158

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1633275

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,413

Year Built

  • Built in 1986

Lot Details

  • 0.27 Acre Lot
  • Waterfront
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Garden

HOA Fees

  • $104 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 2 Fireplaces
  • Dining Room

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Patio

Schools

  • Lakeridge Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Theboard@Thelakesmi.Com Association
  • Built by Buchan
  • The Lakes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4141000240

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,413

Year Built

Built in 1986

Lot Details

0

HOA Fees

$104 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1986
  • Inclusions: Dishwasher,DoubleOven,GarbageDisposal,Microwave,RangeOven,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2600
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Double Oven
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Bath Off Primary, Double Pane/Storm Window, Dining Room, Security System, Skylight(s), Water Heater
  • Living Area: 2600
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 2600
  • 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: 4
  • AppliancesIncluded: Dishwasher,Double Oven,Garbage Disposal,Microwave,Range/Oven,Refrigerator

Exterior Features

  • View: Lake, Territorial
  • Lot Features: Corner Lot, Curbs, Sidewalk
  • View: Yes
  • Waterfront: Yes
  • Builder Name: Buchan
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Security System, Partially Fenced
  • Cooling Y N: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of MI
  • WaterCompany: City of MI
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Association Fee: 104
  • Association Fee Frequency: Monthly
  • AssociationContactName: theboard@thelakesmi.com

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 4141000240
  • Topography: Level
  • Lot Size Acres: 0.2701
  • Lot Size Sq Ft: 11765
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: KCAR
  • MLSSquareFootageSource: KCAR

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2019
  • Tax Annual Amount: 12413

MLS Schools

  • Elementary School: Lakeridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Aug 25, 2020
Sold by
Shielfer Jay E and Shleifer Michelle E
Bought by
Kolbeck Justin Lee and Ahn Jennifer Jihyun
Seller's Agent
Greg Rosenwald
COMPASS
Buyer's Agent
Shoshana Godwin
COMPASS
List Price
$1,900,000
Sold Price
$1,900,000
Current Estimated Value
$2,877,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$977,696
Avg. Annual Appreciation
7.32%
Original Mortgage
$1,425,000
Outstanding Balance
$1,278,865
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,441,945

Purchase Details

Closed on
Apr 30, 2007
Sold by
Flaherty Robert B and Flaherty Kathryn L
Bought by
Shleifer Jay E and Shleifer Michelle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2000
Sold by
Blackman Scott H and Blackman Laura M
Bought by
Flaherty Robert B and Flaherty Kathryn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.13%

Purchase Details

Closed on
May 9, 1996
Sold by
Lafayette Steven D
Bought by
Blackman Scott H and Blackman Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.75%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Kolbeck Justin Lee $1,900,000 Chicago Title
Shleifer Jay E $1,237,500 Chicago Title
Flaherty Robert B $825,000 Washington Title
Blackman Scott H $522,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolbeck Justin Lee $1,425,000
Previous Owner Shleifer Jay E $400,000
Previous Owner Flaherty Robert B $250,000
Previous Owner Blackman Scott H $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $1,900,000 0.0% $731 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $1,900,000 -- $731 / 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 $16,104 $2,458,000 $1,410,000 $1,048,000
2023 $15,850 $2,309,000 $1,331,000 $978,000
2022 $14,301 $2,583,000 $1,498,000 $1,085,000
2021 $13,727 $1,941,000 $1,233,000 $708,000
2020 $13,325 $1,714,000 $1,175,000 $539,000
2018 $11,788 $1,651,000 $917,000 $734,000
2017 $10,294 $1,358,000 $830,000 $528,000
2016 $9,577 $1,264,000 $759,000 $505,000
2015 $9,226 $1,145,000 $687,000 $458,000
2014 -- $1,054,000 $635,000 $419,000
2013 -- $974,000 $594,000 $380,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1633275

Northwest Multiple Listing Service (NWMLS)

APN: 414100-0240