NOT LISTED FOR SALE

8151 SE 48th St Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $2,069,000 - $2,758,000

4 Beds
3 Baths
1,930 Sq Ft
$1,278/Sq Ft Est. Value

About This Home

This home is located at 8151 SE 48th St, Mercer Island, WA 98040 and is currently estimated at $2,465,913, approximately $1,277 per square foot. 8151 SE 48th St is a home located in King County with nearby schools including Island Park Elementary School, Islander Middle School, and Mercer Island High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2001
Sold by
Williams Michael A and Williams Laura Demme
Bought by
Derakshani Kam and Derakshani Parisa
Current Estimated Value
$2,465,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
6.63%

Purchase Details

Closed on
Jul 22, 1999
Sold by
Williams Michael A
Bought by
Williams Michael A and Williams Laura Demme

Purchase Details

Closed on
Jun 24, 1998
Sold by
Erickson Jan E and Erickson Eileen S
Bought by
Williams Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
6.87%

Purchase Details

Closed on
Jun 22, 1998
Sold by
Williams Mary Elta
Bought by
Williams Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
6.87%

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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 Buyer Sale Price Title Company
Derakshani Kam $785,000 Washington Title
Williams Michael A -- --
Williams Michael A $635,000 Chicago Title Insurance
Williams Michael A -- Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derakshani Kam $1,195,000
Closed Derakshani Kam $1,203,000
Closed Derakshani Kam $950,000
Closed Derakshani Kam $125,000
Closed Derakshani Kam $645,000
Closed Derakshani Kam $420,000
Closed Derakshani Kam $367,086
Closed Derakshani Kam $767,000
Closed Derakshani Kam $628,000
Previous Owner Williams Michael A $476,250
Closed Derakshani Kam $117,750
Source: Public Records

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 $13,631 $2,080,000 $1,539,000 $541,000
2023 $13,462 $1,954,000 $1,452,000 $502,000
2022 $12,042 $2,186,000 $1,634,000 $552,000
2021 $11,559 $1,634,000 $1,345,000 $289,000
2020 $12,307 $1,443,000 $1,281,000 $162,000
2018 $11,935 $1,524,000 $1,010,000 $514,000
2017 $10,082 $1,375,000 $914,000 $461,000
2016 $9,385 $1,238,000 $836,000 $402,000
2015 $9,042 $1,122,000 $757,000 $365,000
2014 -- $1,033,000 $700,000 $333,000
2013 -- $912,000 $673,000 $239,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Forest Avenue

8151 SE 48th St, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 8151 SE 48th St, Mercer Island, WA 98040 and is currently estimated at $2,465,913, approximately $1,277 per square foot. 8151 SE 48th St is a home located in King County with nearby schools including Island Park 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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