NOT LISTED FOR SALE

Estimated Value: $5,937,143 - $7,996,000

5 Beds
1 Bath
4,887 Sq Ft
$1,496/Sq Ft Est. Value

Last Sold January 20, 2016

Last sale price $4,075,000 $834 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $41,709/month

207 Days on Market

Highlights

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

About This Home

As of January 2016

On the lake at Avalon. Timeless in character, an inspired design. Spectacular waterfront awash in natural light. Refined craftsman, distinctive in its details. Separate guest apartment, expansive level lakeside lawn, numerous play venues onsite. Avalon's signature Mt. Rainier views. Private dock with covered lift. You have arrived!

Last Agent to Sell the Property

Larry Williams

Windermere Mercer Island License #74738 Listed on: 06/02/2015

Windermere Mercer Island

Last Buyer's Agent

Curtis Brown

Windermere Real Estate/East License #77406

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM797475

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,022

Year Built

  • Built in 1972

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is zoned R8.4

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

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

Interior Spaces

  • 1 Bathroom
  • 3 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Beach Club Community

Listing and Financial Details

  • Assessor Parcel Number 3124059036

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,022

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Craftsman
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, French Doors, High Tech Cabling, Security System, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Bedrooms: 5.00
  • Lower Level Bedroom: 3
  • Bathrooms: 4.25
  • Total Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4887

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Lake
  • Waterfront Frontage: 60+/-

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air, Heat Pump
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Garage / Laundry-Gas (2)
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Beach Club

Schools

  • Elementary School: Lakeridge Elem
  • Middle School: Isler Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 17131
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope
  • Parcel Number: 3124059036
  • Zoning Code: R8.4
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 31175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2015
Closed on
Jan 8, 2016
Sold by
Collins Timothy C and Collins Joanna R
Bought by
Lund Erik and Lund Julie
Seller's Agent
Larry Williams
Windermere Mercer Island
Buyer's Agent
Curtis Brown
Windermere Real Estate/East
List Price
$4,588,000
Sold Price
$4,075,000
Premium/Discount to List
-$513,000
-11.18%
Current Estimated Value
$6,948,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,873,254
Avg. Annual Appreciation
5.92%
Original Mortgage
$2,000,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2004
Sold by
Mathy Alvin J and Mathy Betty
Bought by
Collins Timothy C and Collins Joanna R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,204,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lund Erik $4,075,000 Chicago Title
Collins Timothy C $1,720,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lund Erik $1,779,000
Closed Lund Erik $2,000,000
Previous Owner Collins Timothy C $1,885,000
Previous Owner Collins Timothy C $600,000
Previous Owner Collins Timothy C $500,000
Previous Owner Collins Timothy C $2,080,000
Previous Owner Collins Timothy C $1,204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2016 01/20/16 Sold $4,075,000 -6.5% $834 / Sq Ft
12/27/2015 12/27/15 Pending -- -- --
10/07/2015 10/07/15 Price Changed $4,358,000 -5.0% $892 / Sq Ft
06/02/2015 06/02/15 For Sale $4,588,000 -- $939 / 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 $40,022 $6,113,000 $3,012,000 $3,101,000
2023 $39,516 $5,741,000 $2,842,000 $2,899,000
2022 $35,332 $6,421,000 $3,197,000 $3,224,000
2021 $33,907 $4,799,000 $2,632,000 $2,167,000
2020 $37,542 $4,237,000 $2,507,000 $1,730,000
2018 $24,239 $4,243,000 $2,373,000 $1,870,000
2017 $33,702 $2,794,000 $2,282,000 $512,000
2016 $31,344 $4,142,000 $2,086,000 $2,056,000
2015 $28,089 $3,751,000 $1,888,000 $1,863,000
2014 -- $3,212,000 $1,745,000 $1,467,000
2013 -- $3,413,000 $1,713,000 $1,700,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM797475

Northwest Multiple Listing Service (NWMLS)

APN: 312405-9036