NOT LISTED FOR SALE

8251 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,934,000 - $4,790,000

5 Beds
2 Baths
3,440 Sq Ft
$1,263/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $3,700,000 $1,076 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $25,199/month

85 Days on Market

Highlights

  • Boathouse
  • Low Bank Waterfront Property
  • Lake View
  • Lakeridge Elementary School Rated A
  • Docks
  • Deck

About This Home

As of February 2017

A truly unique waterfront estate opportunity with two tax parcels sold as one. Southwest facing shy-acre with 100 ft of low-bank waterfront. Breathtaking sunsets and Mt. Rainier views, large dock with deep water moorage. Livable main residence, guest cottage and vintage boathouse/studio to be remodeled or start-over. Endless possibilities in the perfect location for any dream or vision.

Last Agent to Sell the Property

Michael Crowe

Coldwell Banker Bain License #71823 Listed on: 08/16/2016

Coldwell Banker Bain

Co-Listed By

Paul Hart

Coldwell Banker Bain License #105235

Last Buyer's Agent

Mei Young

MY International Real Estate License #26133

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1011386

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,948

Year Built

  • Built in 1950

Lot Details

  • Low Bank Waterfront Property
  • Partially Fenced Property
  • Sloped Lot
  • Garden
  • Value in Land

Parking

  • Attached Carport

Property Views

  • Lake
  • Mountain

Home Design

  • Northwest Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 3 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Boathouse
  • Docks
  • Deck
  • Outbuilding

Utilities

  • Cable TV Available

Community Details

  • South End Community

Listing and Financial Details

  • Assessor Parcel Number 3358500450

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,948

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Bath Off Master, Dining Room, Skylights, Walk-In Closet
  • Floor Covering: Hardwood, Laminate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 4
  • Lower Level Bedroom: 1
  • Bathrooms: 3.00
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3440
  • Square Footage Finished: 3440

Exterior Features

  • Construction Methods: Standard Frame
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Type: Carport-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer
  • Water Company: City of Mercer Island
  • Water Heater: Utility Room-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: South End
  • Project: Hillmans CD Sea Shore

Schools

  • School District: MIS

Lot Info

  • Lot Number: B & A
  • Lot Details: Paved Street, Value In Land
  • Lot Sq Ft: 37620
  • Lot Topography Vegetation: Garden Space, Partial Slope
  • Parcel Number: 3358500450
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Partial Slope

Tax Info

  • Tax Amount: 21345

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2021
Sold by
Lawrence Bernard
Bought by
Xu Tingyi
Current Estimated Value
$4,343,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,791,335
Interest Rate
2.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,552,162

Purchase Details

Closed on
Mar 3, 2021
Sold by
Hu Wen and Li Chinan
Bought by
Xu Tingyi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,791,335
Interest Rate
2.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,552,162

Purchase Details

Listed on
Aug 16, 2016
Closed on
Feb 16, 2017
Sold by
Linton Kathleen and Linton Esther
Bought by
Hu Wen and Li Chinan
Seller's Agent
Michael Crowe
Coldwell Banker Bain
Buyer's Agent
Mei Young
MY International Real Estate
List Price
$3,988,000
Sold Price
$3,700,000
Premium/Discount to List
-$288,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.84%
Original Mortgage
$1,600,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2009
Sold by
Linton John Patrick
Bought by
Linton John Patrick and Esther Linton Exemption Trust

Purchase Details

Closed on
Aug 18, 2007
Sold by
Linton John Patrick and Linton Esther
Bought by
Linton John Patrick and Linton Esther
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Xu Tingyi -- First American Title
Xu Tingyi $3,200,000 First American Title
Hu Wen $2,950,000 Chicago Title
Linton John Patrick -- None Available
Linton John Patrick -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Tingyi $2,000,000
Previous Owner Hu Wen $1,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2017 02/24/17 Sold $3,700,000 -7.2% $1,076 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $3,988,000 -- $1,159 / 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 $27,948 $4,268,000 $3,357,000 $911,000
2023 $27,593 $4,008,000 $3,167,000 $841,000
2022 $24,676 $4,483,000 $3,563,000 $920,000
2021 $23,685 $3,351,000 $2,933,000 $418,000
2020 $21,045 $2,959,000 $2,794,000 $165,000
2018 $21,759 $2,608,000 $2,474,000 $134,000
2017 $18,679 $2,508,000 $2,379,000 $129,000
2016 $17,378 $2,295,000 $2,175,000 $120,000
2015 $11,415 $2,079,000 $1,969,000 $110,000
2014 -- $1,922,000 $1,820,000 $102,000
2013 -- $1,936,000 $1,869,000 $67,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Michael Crowe

    Coldwell Banker Bain

    (425) 454-0470

    3 Total Sales

    Michael Crowe
    Section Image
  • Paul Hart

    Seller Co-Listing Agent in 2017

    Paul Hart

    Coldwell Banker Bain

    (425) 503-7939

    55 Total Sales

    Paul Hart
    Section Image
  • Mei Young

    Buyer's Agent in 2017

    Mei Young

    MY International Real Estate

    (206) 696-9113

    29 Total Sales

    Mei Young
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1011386

Northwest Multiple Listing Service (NWMLS)

APN: 335850-0450

Washington King County Mercer Island 98040 Island Point

8251 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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Based on information submitted to the MLS GRID

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