Listed by COMPASS, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

8142 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,026,000 - $4,667,000

4 Beds
1 Bath
5,230 Sq Ft
$746/Sq Ft Est. Value

Last Sold June 10, 2015

Last sale price $1,430,000 $273 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $22,436/month

50 Days on Market

Highlights

  • Lake View
  • Fruit Trees
  • Wood Flooring
  • Lakeridge Elementary School Rated A
  • Deck
  • 3 Fireplaces

About This Home

As of June 2015

West Facing Views at Lakeridge Heights. Perched high above West Mercer, this wonderful home offers over 5,000 square feet of gracious spaces. Walls of windows in the living and dining room carry through to the kitchen and family room framing lake views. Upstairs, find a spacious master suite with private balcony and three bedrooms, including a guest suite. The lower level offers a media room, exercise room and play room. Endless storage on every level. Clean lines & a great south end location.

Last Agent to Sell the Property

Tere Foster

COMPASS License #7690 Listed on: 03/03/2015

COMPASS

Co-Listed By

Samantha Victor

COMPASS License #113474

Last Buyer's Agent

Frank Ceteznik

John L. Scott, Inc. License #25697

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM749949

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,097

Year Built

  • Built in 1996

Lot Details

  • Cul-De-Sac
  • Street terminates at a dead end
  • Dog Run
  • Partially Fenced Property
  • Terraced Lot
  • Sprinkler System
  • Fruit Trees
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Poured Concrete
  • Tile Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 3 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

  • West Mercer Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 4141670240

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,097

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 15 - Multi Level
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, Disabled Access, Fireplace In Mstr Br, French Doors, High Tech Cabling, Jetted Tub, Security System, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 4.00
  • Bathrooms: 4.75
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 2
  • Main Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 5230
  • Square Footage Finished: 5230

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Tile
  • View: Lake, Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Central A/C, Forced Air, High Efficiency (Unspecified), Hot Water Recirc Pump
  • Power Company: PSE
  • Sewer: Available
  • Sewer Company: City of Mercer Island
  • Water Company: city of Mercer Island
  • Water Heater: Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 21
  • Community Name: West Mercer
  • Community Features: Ccrs

Schools

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

Lot Info

  • Lot Number: 24
  • Lot Details: Cul-De-Sac, Dead End Street, Paved Street
  • Lot Sq Ft: 14896
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Partial Slope, Terraces
  • Parcel Number: 4141670240
  • Lot Topography: Fruit Trees, Garden Space, Partial Slope, Terraces

Tax Info

  • Tax Amount: 12643

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2015
Closed on
Jun 5, 2015
Sold by
Tiwary Ashutosh and Tiwary Sadhana
Bought by
Koshy Samuel and Lazarous Patsy
Seller's Agent
Tere Foster
COMPASS
Buyer's Agent
Frank Ceteznik
John L. Scott, Inc.
List Price
$1,550,000
Sold Price
$1,430,000
Premium/Discount to List
-$120,000
-7.74%
Current Estimated Value
$3,900,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,470,271
Avg. Annual Appreciation
10.26%
Original Mortgage
$1,144,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2004
Sold by
Williams Michael A and Williams Laura Demme
Bought by
Tiwary Ashutosh and Tiwary Sadhana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2001
Sold by
Scherer Scott and Scherer Linda I
Bought by
Williams Michael A and Williams Laura Demme

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,250
Interest Rate
7.81%

Purchase Details

Closed on
Mar 25, 1997
Sold by
Aspen Development Corp
Bought by
Scherer Scott and Scherer Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.63%

Purchase Details

Closed on
Jul 27, 1994
Sold by
Yang Tzu Chen
Bought by
Aspen Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.65%
Source: Public Records

Range of Values:

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Average Value
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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
Koshy Samuel $1,430,000 Chicago Title
Tiwary Ashutosh $1,150,000 Chicago Title
Williams Michael A $1,279,000 Transnation Title Insurance
Scherer Scott $925,000 --
Aspen Development Corp $145,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koshy Samuel $1,144,000
Previous Owner Tiwary Ashutosh $600,000
Previous Owner Williams Michael A $959,250
Previous Owner Scherer Scott $600,000
Previous Owner Aspen Development Corp $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2015 06/10/15 Sold $1,430,000 -3.7% $273 / Sq Ft
04/23/2015 04/23/15 Pending -- -- --
03/22/2015 03/22/15 Price Changed $1,485,000 -4.2% $284 / Sq Ft
03/03/2015 03/03/15 For Sale $1,550,000 -- $296 / 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 $21,097 $3,221,000 $1,340,000 $1,881,000
2023 $20,830 $3,025,000 $1,265,000 $1,760,000
2022 $18,628 $3,383,000 $1,423,000 $1,960,000
2021 $17,878 $2,529,000 $1,172,000 $1,357,000
2020 $16,641 $2,233,000 $1,117,000 $1,116,000
2018 $16,149 $2,062,000 $956,000 $1,106,000
2017 $14,100 $1,861,000 $865,000 $996,000
2016 $13,118 $1,732,000 $791,000 $941,000
2015 $12,644 $1,569,000 $716,000 $853,000
2014 -- $1,445,000 $662,000 $783,000
2013 -- $1,215,000 $614,000 $601,000
Source: Public Records

Agents Affiliated with this Home

  • Tere Foster

    Seller's Agent in 2015

    Tere Foster

    COMPASS

    (425) 637-8373

    2 in this area

    403 Total Sales

    Tere Foster
    Section Image

  • S

    Seller Co-Listing Agent in 2015

    Samantha Victor

    Avenue Properties

    (425) 999-1747

    12 Total Sales

    Samantha Victor
    Section Image

  • F

    Buyer's Agent in 2015

    Frank Ceteznik

    John L Scott

    (206) 979-8400

    1 in this area

    11 Total Sales

    Frank Ceteznik
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM749949

Northwest Multiple Listing Service (NWMLS)

APN: 414167-0240

Washington King County Mercer Island 98040 Island Point

8142 W Mercer Way, Mercer Island, WA

This home is located at 8142 W Mercer Way, Mercer Island, WA 98040 since 03 March 2015 and is currently estimated at $3,900,271, approximately $745 per square foot. This property was built in 1996. 8142 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.

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Based on information submitted to the MLS GRID

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