NOT LISTED FOR SALE

8250 E Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,560,523 - $4,350,000

5 Beds
3 Baths
3,820 Sq Ft
$1,072/Sq Ft Est. Value

Last Sold October 31, 2012

Last sale price $1,422,312 $372 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $24,699/month

8 Days on Market

About This Home

As of October 2012

Picturesque! Stunning Lake and Mount Rainier Views! Sunny open living areas on the main level open to a wrap around deck. Spacious Main level master with luxury 5 piece master bath and fireplace. Huge spaces downstairs with full bath, 2 more bedrooms and Large family room that opens to a patio with an outdoor spa. Expansive views from both levels. 3 car detached garage accessible from both E Mercer Wy and Avalon Dr. Great location with easy access to Mercer Island Beach Club

Last Listed By

Erin Ewing

Windermere Mercer Island License #49702 Listed on: 09/04/2012

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM400962

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$23,839

Year Built

1959

Lot Details

0

Interior Features

  • Basement: Daylight, Fully Finished
  • Features: Wired for Generator, Bath Off Master, Double Pane/Storm Window, Fireplace in Master Bedroom, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Slate, Wall to Wall Carpet
  • Water Heater Location: Lower Level-Gas X 2

Exterior Features

  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Lot Details: Paved Street
  • Roof: Metal
  • Site Features: Cable TV, Deck, Disabled Access, Natural Gas Available, High Speed Internet, Hot Tub/Spa, Patio
  • View: City, Lake, Mountain

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Exemption: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2019
Sold by
Moughon Robert H and Nielsen Catherine L
Bought by
Nielsen Catherine L
Total Days on Market
8
Current Estimated Value
$4,096,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 4, 2012
Closed on
Oct 25, 2012
Sold by
Ho Ronald T and Kern Mary E
Bought by
Moughon Robert H and Nielsen Catherine L
Seller's Agent
Erin Ewing
Windermere Mercer Island
Buyer's Agent
Peggy Watkins
Coldwell Banker Bain
List Price
$1,422,313
Sold Price
$1,422,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%
Original Mortgage
$700,000
Interest Rate
3.43%
Mortgage Type
VA

Purchase Details

Closed on
Jan 27, 1997
Sold by
Jensen Oscar W and Jensen Phyllis R
Bought by
Ho Ronald T and Kern Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
7.25%

Range of Values:

Collateral Analytics

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ICE

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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
Nielsen Catherine L -- Wfg National Title
Moughon Robert H $1,422,312 Chicago Title
Ho Ronald T $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nielsen Catherine L $826,000
Closed Nielsen Catherine L $802,000
Closed Nielsen Catherine L $802,000
Closed Moughon Robert H $900,000
Closed Moughon Robert H $700,000
Previous Owner Ho Ronald T $277,000
Previous Owner Ho Ronald T $250,000
Previous Owner Ho Ronald T $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2012 10/31/12 Sold $1,422,313 0.0% $372 / Sq Ft
09/12/2012 09/12/12 Pending -- -- --
09/04/2012 09/04/12 For Sale $1,422,313 -- $372 / 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 $23,839 $3,640,000 $1,783,000 $1,857,000
2023 $23,988 $3,484,000 $1,683,000 $1,801,000
2022 $21,453 $3,897,000 $1,894,000 $2,003,000
2021 $21,078 $2,913,000 $1,559,000 $1,354,000
2020 $23,318 $2,633,000 $1,485,000 $1,148,000
2018 $22,626 $2,890,000 $1,270,000 $1,620,000
2017 $19,011 $2,608,000 $1,149,000 $1,459,000
2016 $18,212 $2,427,000 $1,051,000 $1,376,000
2015 $19,322 $2,198,000 $952,000 $1,246,000
2014 -- $2,209,000 $880,000 $1,329,000
2013 -- $995,000 $691,000 $304,000
Source: Public Records

Agents Affiliated with this Home

  • Erin Ewing

    Seller's Agent in 2012

    Erin Ewing

    Windermere Corporate

    (206) 354-8228

    39 Total Sales

    Erin Ewing
    Section Image
  • Peggy Watkins

    Buyer's Agent in 2012

    Peggy Watkins

    Coldwell Banker Bain

    (206) 679-5444

    22 Total Sales

    Peggy Watkins
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM400962

Northwest Multiple Listing Service (NWMLS)

APN: 032110-0055

Washington King County Mercer Island 98040 Island Point

8250 E Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 8250 E Mercer Way, Mercer Island, WA 98040 since 04 September 2012 and is currently estimated at $4,096,631, approximately $1,072 per square foot. This property was built in 1959. 8250 E 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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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.