NOT LISTED FOR SALE

8245 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $5,454,000 - $7,946,359

7 Beds
8 Baths
9,348 Sq Ft
$717/Sq Ft Est. Value

Last Sold September 25, 2014

Last sale price $7,490,000 $801 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $43,011/month

68 Days on Market

About This Home

As of September 2014

Spectacular custom-designed home featuring views of Lk. Washington, Mt. Rainier & the Olympic Mtns. This exceptional residence offers more than 100' of lakefront w/dock access for your all recreational needs. This 7 bd/7.25 ba home has quality finishes throughout. Granite & marble counters, hrdwd floors, custom cabinetry, & more. Lrg dock w/2 hydraulic lifts for boat & wave runner access. Hot tub & gas fire pit add to the opportunities for outdoor fun. Located in the south end of Mercer Island.

Last Listed By

Tim Conway

John L. Scott, Inc. License #5506 Listed on: 05/13/2014

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM628570

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$68,232

Year Built

2005

Lot Details

0

Listing Details

  • Condition: Very Good
  • Sq Ft Finished: 9348
  • Form 17: Provided
  • Special Features: None
  • Year Built: 2005

Interior Features

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplaces: 4
  • Basement: Daylight, Fully Finished
  • Features: Wet Bar, 2nd Master BR, Bath Off Master, Built-In Vacuum, Double Pane/Storm Window, Dining Room, Fireplace in Master Bedroom, French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Security System, Skylights, Solarium/Atrium, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 4
  • Floor: Ceramic Tile, Hardwood, Slate, Wall to Wall Carpet
  • Sq Ft Unfinished: 254
  • Water Heater Location: Basement-Gas (2)

Exterior Features

  • Roof: Composition
  • Exterior: Stone, Wood
  • Foundation: Poured Concrete
  • Lot Details: Open Space, Paved Street, Secluded
  • Roof: Composition
  • Site Features: Cable TV, Deck, Dock, Full Fence, Natural Gas Available, High Speed Internet, Hot Tub/Spa, Moorage, Patio, Sprinkler System
  • View: Bay, City, Lake, Mountain, Territorial
  • Waterfront: Low Bank, Lake
  • Waterfront Frontage: 112
  • Construction: SF
  • Lot Topography: Fruit Trees, Garden Space, Level, Sloped, Terraces

Garage/Parking

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

Utilities

  • Cooling: Central A/C, Forced Air
  • Heating: Forced Air, Hot Water Recirc Pump
  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Central A/C, Forced Air, Hot Water Recirc Pump
  • Power Company: Puget Sound Energy
  • Sewer: Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Schools

  • School District: MIS
  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Li Wei and Han Xinmei
Bought by
Xinmei Han Qualified Personal Residence Trust and Wei Li Qualified Personal Residence Trust
Total Days on Market
68
Current Estimated Value
$6,700,180

Purchase Details

Closed on
Jul 15, 2020
Sold by
Li Wei and Han Xinmei
Bought by
Li Wei and Han Xinmei

Purchase Details

Listed on
May 13, 2014
Closed on
Sep 24, 2014
Sold by
Godfred Gordon
Bought by
Li Wei and Han Xinmei
Seller's Agent
Tim Conway
John L. Scott, Inc.
Buyer's Agent
Feng Hong
Windermere Real Estate/East
List Price
$8,250,000
Sold Price
$7,490,000
Premium/Discount to List
-$760,000
-9.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.57%

Purchase Details

Closed on
Nov 26, 2012
Sold by
Godfred Alice
Bought by
Godfred Gordon

Purchase Details

Closed on
Jul 28, 2006
Sold by
Movahhed Hassan and Movahhed Barbara J
Bought by
Oberdorf Thomas and Oberdorf Suzanne

Purchase Details

Closed on
Mar 28, 2006
Sold by
Aspen Homes Inc
Bought by
Godfred Gordon and Godfred Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 17, 1997
Sold by
United Trading Company
Bought by
Taylor Richard

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
5.95%

Purchase Details

Closed on
Aug 27, 1993
Sold by
Mauseth Michael
Bought by
United Trading Company

Range of Values:

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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
Xinmei Han Qualified Personal Residence Trust $313 None Listed On Document
Li Wei -- None Available
Li Wei $7,490,000 Fidelity Natio
Godfred Gordon -- None Available
Oberdorf Thomas $2,500,000 Chicago Title
Godfred Gordon $6,200,000 Transnation Ti
Taylor Richard -- Commonwealth Land Title Ins
United Trading Company $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Wei $5,750,000
Previous Owner Godfred Gordon $2,009,000
Previous Owner Godfred Gordon O $2,300,000
Previous Owner Godfred Gordon $500,000
Previous Owner Godfred Gordon $3,000,000
Previous Owner Aspen Homes Inc $946,600
Previous Owner Taylor Richard $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2014 09/25/14 Sold $7,490,000 -9.2% $801 / Sq Ft
07/21/2014 07/21/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $8,250,000 -- $883 / 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 $68,232 $10,424,000 $4,182,000 $6,242,000
2023 $67,365 $9,789,000 $3,946,000 $5,843,000
2022 $60,226 $10,947,000 $4,439,000 $6,508,000
2021 $57,799 $8,182,000 $3,654,000 $4,528,000
2020 $53,977 $7,224,000 $3,480,000 $3,744,000
2018 $56,009 $6,691,000 $2,931,000 $3,760,000
2017 $48,888 $6,458,000 $2,819,000 $3,639,000
2016 $45,469 $6,009,000 $2,577,000 $3,432,000
2015 $43,806 $5,442,000 $2,333,000 $3,109,000
2014 -- $5,010,000 $2,157,000 $2,853,000
2013 -- $4,705,000 $2,101,000 $2,604,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Conway

    Seller's Agent in 2014

    Tim Conway

    John L Scott

    (206) 954-2437

    3 in this area

    44 Total Sales

    Tim Conway
    Section Image
  • Feng Hong

    Buyer's Agent in 2014

    Feng Hong

    Windermere Corporate

    (206) 551-2142

    3 in this area

    45 Total Sales

    Feng Hong
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM628570

Northwest Multiple Listing Service (NWMLS)

APN: 335850-0470

Washington King County Mercer Island 98040 Island Point

8245 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 8245 W Mercer Way, Mercer Island, WA 98040 since 13 May 2014 and is currently estimated at $6,700,180, approximately $716 per square foot. This property was built in 2005. 8245 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) 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. ©2025 NWMLS.