Listed by Coldwell Banker Bain, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

8182 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $4,243,353 - $5,252,000

4 Beds
6 Baths
5,199 Sq Ft
$907/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $4,000,000 $769 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $27,286/month

Highlights

  • Lake View
  • 0.8 Acre Lot
  • Fireplace in Primary Bedroom
  • Lakeridge Elementary School Rated A
  • Fruit Trees
  • Deck

About This Home

As of August 2022

Stunning Lake Wash views greet you as you enter this timeless & sophisticated SW facing home in Lakeridge Heights. Imagine breathtaking sunsets while unwinding on the deck of your estate. The custom RKK build presents an ideal floorplan featuring formal living/dining with show stopping views & light filled spaces. Private areas include a home office, a spectacular primary suite w/sitting area & fireplace & 3 add’l en-suite beds. Enjoy cooking in the perfectly placed kitchen overlooking the lake & lush landscaping. Lower level includes a workout rm, guest suite, bonus rm w/kitchenette & opens to heated patio, lawn & play structure. Appreciate the vast 3 car garage & shop. Nearby paths to schools & quick access to South End Shopping Center.

Last Agent to Sell the Property

Kenneth Urman

Coldwell Banker Bain License #106715 Listed on: 06/21/2022

Coldwell Banker Bain

Co-Listed By

Courtney Emanuels

Coldwell Banker Bain License #122879

Last Buyer's Agent

Kris Hubert

Coldwell Banker Bain License #90161

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1954210

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,344

Year Built

  • Built in 1987

Lot Details

  • 0.8 Acre Lot
  • Street terminates at a dead end
  • West Facing Home
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Garden
  • Property is in very good condition
  • Zoning described as R15

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,199 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Vaulted Ceiling
  • Skylights
  • 4 Fireplaces
  • Gas Fireplace
  • French Doors
  • Finished Basement
  • Natural lighting in basement

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Central Air
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 4141670020

Community Details

Overview

  • Tom Cleveland Association
  • Secondary HOA Phone (425) 732-6750
  • Built by RKK Construction Inc.
  • West Mercer Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,344

Year Built

Built in 1987

Lot Details

0

HOA Fees

$83 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1987
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lakeridge Heights
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 5199
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 4
  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Forced Air, Central A/C, Ceramic Tile, Hardwood, Wall to Wall Carpet, Wet Bar, Bath Off Primary, Built-In Vacuum, Double Pane/Storm Window, Fireplace (Primary Bedroom), French Doors, Security System, Skylight(s), Vaulted Ceiling(s), Walk-In Pantry, Walk-In Closet(s), Water Heater
  • Living Area: 5199
  • Bathrooms: 4.75
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 5199
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 2
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 1
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • FireplacesLower: 1
  • FireplacesUpper: 1

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Builder Name: RKK Construction Inc.
  • Direction Faces: West
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • 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
  • Parking Features: 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, Natural Gas Connected, Common Area Maintenance, Road Maintenance, Snow Removal
  • HeatingCoolingType: Central A/C,Forced Air,Other-See Remarks
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Community Features: Trail(s)
  • Senior Community: No
  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Phone: 425-732-6750
  • Association: Yes
  • AssociationContactName: Tom Cleveland

Schools

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

Lot Info

  • Parcel Number: 4141670020
  • Topography: Level,PartialSlope,Sloped,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.795
  • Lot Size Sq Ft: 34632
  • Zoning Description: R15
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist & See Remarks
  • ZoningJurisdiction: City
  • LotNumber: 2

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 22344

Multi Family

  • EnergySource: Natural Gas

MLS Schools

  • Elementary School: Lakeridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2023
Sold by
Govindaraju Madhukar Coimbatore and Govindaraju Chaya
Bought by
Supra Carta Trust and Potter
Current Estimated Value
$4,713,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Outstanding Balance
$713,553
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$4,110,741

Purchase Details

Closed on
Nov 21, 2023
Sold by
Supra Carta Trust
Bought by
Govindaraju Madhukar Coimbatore and Govindaraju Chaya Murthy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Outstanding Balance
$713,553
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$4,110,741

Purchase Details

Listed on
Jun 21, 2022
Closed on
Jul 26, 2022
Sold by
Mccann David P and Mccann Angela P
Bought by
Supra Carta Trust
Seller's Agent
Kenneth Urman
Coldwell Banker Bain
Buyer's Agent
Kris Hubert
Coldwell Banker Bain
List Price
$4,250,000
Sold Price
$4,000,000
Premium/Discount to List
-$250,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%

Purchase Details

Closed on
Jun 25, 2007
Sold by
Lawrence John A and Lawrence Margaret M
Bought by
Mccann David and Mccann Angela P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.51%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 13, 2003
Sold by
Usibelli Catherine and Fulp Catherine U
Bought by
Lawrence John A and Lawrence Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2003
Sold by
Fulp Alan W
Bought by
Fulp Catherine U

Purchase Details

Closed on
Aug 27, 1991
Sold by
Bane Ronald L and Bane Carole L
Bought by
Fulp Alan W and Fulp Catherine U
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
Supra Carta Trust $313 Wfg Lender Services
Govindaraju Madhukar Coimbatore $313 Wfg Lender Services
Supra Carta Trust $4,000,000 Rainier Title Company
Mccann David $2,400,000 Commonwealth L
Lawrence John A $1,250,000 Chicago Title
Fulp Catherine U -- First American Title Ins Co
Fulp Alan W $810,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Govindaraju Madhukar Coimbatore $725,000
Previous Owner Mccann David $750,000
Previous Owner Mccann David $1,000,000
Previous Owner Lawrence John A $937,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $4,000,000 -5.9% $769 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $4,250,000 -- $817 / 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 $26,529 $4,051,000 $2,035,000 $2,016,000
2023 $26,197 $3,805,000 $1,920,000 $1,885,000
2022 $22,344 $4,256,000 $2,160,000 $2,096,000
2021 $21,446 $3,034,000 $1,778,000 $1,256,000
2020 $19,980 $2,679,000 $1,694,000 $985,000
2018 $19,383 $2,476,000 $1,633,000 $843,000
2017 $16,923 $2,234,000 $1,477,000 $757,000
2016 $15,741 $2,079,000 $1,351,000 $728,000
2015 $15,170 $1,883,000 $1,223,000 $660,000
2014 -- $1,734,000 $1,131,000 $603,000
2013 -- $1,594,000 $913,000 $681,000
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Urman

    Seller's Agent in 2022

    Kenneth Urman

    Coldwell Banker Bain

    (206) 499-4948

    1 in this area

    58 Total Sales

    Kenneth Urman
    Section Image
  • Courtney Emanuels

    Seller Co-Listing Agent in 2022

    Courtney Emanuels

    Coldwell Banker Bain

    (206) 310-7006

    1 in this area

    64 Total Sales

    Courtney Emanuels
    Section Image

  • K

    Buyer's Agent in 2022

    Kris Hubert

    Coldwell Banker Bain

    (206) 232-4600

    1 in this area

    4 Total Sales

    Kris Hubert
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1954210

Northwest Multiple Listing Service (NWMLS)

APN: 414167-0020

Washington King County Mercer Island 98040 Island Point

8182 W Mercer Way, Mercer Island, WA

This home is located at 8182 W Mercer Way, Mercer Island, WA 98040 since 21 June 2022 and is currently estimated at $4,713,838, approximately $906 per square foot. This property was built in 1987. 8182 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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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