NOT LISTED FOR SALE

8163 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,770,000 - $5,472,000

5 Beds
2 Baths
5,163 Sq Ft
$901/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $1,800,000 $349 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $28,169/month

79 Days on Market

Highlights

  • Lake View
  • Deck
  • 2 Fireplaces
  • Lakeridge Elementary School Rated A
  • Wood Flooring
  • Attached Garage

About This Home

As of November 2021

PROPERTY IS SOLD AS LAND VALUE. Buyer building custom home on this site.

Last Agent to Sell the Property

Lori Holden

John L. Scott, Inc. License #24368 Listed on: 03/01/2021

John L. Scott, Inc.

Co-Listed By

Lou Glatz

John L. Scott, Inc. License #40375

Last Buyer's Agent

Lori Holden

John L. Scott, Inc. License #24368 Listed on: 03/01/2021

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1736407

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,888

Year Built

  • Built in 2022

Lot Details

  • Street terminates at a dead end
  • Sloped Lot
  • Sprinkler System

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 2 Bathrooms
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • West Mercer Community

Listing and Financial Details

  • Assessor Parcel Number 3358500378

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,888

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • New Construction: Presale
  • Building Information: Built On Lot
  • Entrance Level: Main
  • New Construction: Y
  • Year Built: 2022
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wine Cellar, Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Fireplace In Mstr Br, High Tech Cabling, Security System, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 5.00
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 5163
  • Square Footage Finished: 5163
  • Square Footage Unfinished: 356

Exterior Features

  • Exterior: Wood Products
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Mountain

Garage/Parking

  • Parking Type: Garage-Attached, K
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Central A/C, Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: lower level-tankless
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: West Mercer

Schools

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

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 17955
  • Lot Topography Vegetation: Partial Slope
  • Parcel Number: 3358500378
  • Lot Topography: Partial Slope

Tax Info

  • Tax Amount: 8028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Oct 22, 2021
Sold by
Kahan John B and Kahan Heather L
Bought by
Clarkson Tracy A and Clarkson Ian D
Seller's Agent
Lori Holden
John L. Scott, Inc.
Buyer's Agent
Lori Holden
John L. Scott, Inc.
List Price
$5,200,000
Sold Price
$1,800,000
Premium/Discount to List
-$3,400,000
-65.38%
Current Estimated Value
$4,654,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,854,390
Avg. Annual Appreciation
23.83%

Purchase Details

Closed on
Nov 23, 2018
Sold by
Kahan John B and Kahan Heather L
Bought by
Kahan John B and Kahan Heather L

Purchase Details

Closed on
Apr 29, 2015
Sold by
Seaspect Inc
Bought by
Kahan John B and Kahan Heather L

Purchase Details

Closed on
Dec 9, 2005
Sold by
Seaspect Inc
Bought by
Woo Boon Ho
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
Clarkson Tracy A $1,800,000 Fidelity National Title
Kahan John B -- None Available
Kahan John B $4,150,000 Chicago Title
Woo Boon Ho $175,175 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clarkson Tracy A $4,065,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $1,800,000 -65.4% $349 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $5,200,000 -- $1,007 / 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 $26,888 $4,106,000 $1,428,000 $2,678,000
2023 $18,636 $2,706,000 $1,348,000 $1,358,000
2022 $9,208 $1,517,000 $1,517,000 $0
2021 $9,535 $1,249,000 $1,249,000 $0
2020 $8,029 $1,190,000 $1,190,000 $0
2018 $7,823 $996,000 $996,000 $0
2017 $6,713 $901,000 $901,000 $0
2016 $6,242 $824,000 $824,000 $0
2015 $6,042 $746,000 $746,000 $0
2014 -- $690,000 $690,000 $0
2013 -- $811,000 $811,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Holden

    Seller's Agent in 2021

    Lori Holden

    John L Scott

    (206) 949-5674

    7 in this area

    101 Total Sales

    Lori Holden
    Section Image
  • Lou Glatz

    Seller Co-Listing Agent in 2021

    Lou Glatz

    John L Scott

    (206) 948-2591

    4 in this area

    37 Total Sales

    Lou Glatz
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1736407

Northwest Multiple Listing Service (NWMLS)

APN: 335850-0387

Washington King County Mercer Island 98040 Island Point

8163 W Mercer Way, Mercer Island, WA

This home is located at 8163 W Mercer Way, Mercer Island, WA 98040 since 01 March 2021 and is currently estimated at $4,654,390, approximately $901 per square foot. This property was built in 2022. 8163 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.

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Based on information submitted to the MLS GRID

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