M
Seller's Agent in 2017
Michael Crowe
Coldwell Banker Bain
(425) 454-0470
3 Total Sales
8251 W Mercer Way Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $4,033,000 - $4,665,000
5
Beds
2
Baths
3,440
Sq Ft
$1,266/Sq Ft
Est. Value
Highlights
- Boathouse
- Low Bank Waterfront Property
- Lake View
- Lakeridge Elementary School Rated A
- Docks
- Deck
About This Home
As of February 2017A 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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1011386
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 4, 2021
Sold by
Lawrence Bernard
Bought by
Xu Tingyi
Total Days on Market
85
Current Estimated Value
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
$1,819,807
Interest Rate
2.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,535,617
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
$1,819,807
Interest Rate
2.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,535,617
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
2.01%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
-
Michael Crowe
-
Paul Hart
Seller Co-Listing Agent in 2017
Paul Hart
Coldwell Banker Bain
(425) 503-7939
60 Total Sales
-
Mei Young
Buyer's Agent in 2017
Mei Young
MY International Real Estate
(206) 696-9113
32 Total Sales
Map
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Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1011386
APN: 335850-0450
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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.
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