NOT LISTED FOR SALE

8279 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $6,600,000 - $8,417,000

5 Beds
6 Baths
6,670 Sq Ft
$1,125/Sq Ft Est. Value

Last Sold July 19, 2017

Last sale price $3,330,000 $499 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $43,384/month

16 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Waterfront Community
  • Community Boat Launch
  • Lakeridge Elementary School Rated A
  • Docks
  • Spa

About This Home

As of July 2017

Exceptional home custom designed for optimal sunlight with 100' lake waterfront, private moorage up to 60 foot+ two boat-lifts included. unobstructed Mt Rainier views that will leave you speechless! Solid construction & superior craftsmanship with elegant appointments throughout. Soaring ceilings creating an open serene atmosphere. Gourmet Chef's kitchen, All SS top appliances. Sweeping staircase leads to a luxurious master suite awaits. Ideal for entertaining and enjoying romantic sunsets.

Last Agent to Sell the Property

Shanna Yang

COMPASS License #1686 Listed on: 05/01/2017

COMPASS

Last Buyer's Agent

Melina Lin

Skyline Properties, Inc. License #95015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1116250

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,019

Year Built

  • Built in 1987

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Secluded Lot
  • Sloped Lot
  • Sprinkler System
  • Property is zoned R15

Parking

  • Attached Garage

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Slate Flooring
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Docks
  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3358500485

Community Details

Overview

  • West Mercer Community

Recreation

  • Community Boat Launch
  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,019

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Craftsman
  • Homebuilder: Custom Builder
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Senior Exemption: Y
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wet Bar, Wine Cellar, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, Hot Tub/Spa, Jetted Tub, Security System, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Slate
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Approved Number of Bedrooms: 6
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 1
  • Bathrooms: 5.50
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 5
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 2
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 4
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Upper
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Kitchen: Lower
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 6670
  • Square Footage Finished: 6670

Exterior Features

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

Garage/Parking

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

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Heat Pump, Radiant
  • Power Company: PSE
  • Septic Approved for Number of Bedrooms: 6
  • Sewer: Sewer Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: West Mercer
  • Community Features: Boat Launch, Community Waterfront/Pvt Beach

Schools

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

Lot Info

  • Lot Details: Dead End Street, Paved Street, Secluded
  • Lot Dimensions: 0.4472 acres
  • Lot Sq Ft: 19480
  • Lot Topography Vegetation: Partial Slope
  • Parcel Number: 3358500485
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Partial Slope

Tax Info

  • Tax Amount: 34052

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Jul 13, 2017
Sold by
Zhang Wei and Zhang Wenyi
Bought by
Lin Xia
Seller's Agent
Shanna Yang
COMPASS
Buyer's Agent
Melina Lin
Skyline Properties, Inc.
List Price
$3,650,000
Sold Price
$3,330,000
Premium/Discount to List
-$320,000
-8.77%
Current Estimated Value
$7,506,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,176,734
Avg. Annual Appreciation
9.80%

Purchase Details

Closed on
Jun 17, 2004
Sold by
Milnes Brian G and Schiffgens Mary M
Bought by
Zhang Wei and Zhang Wenyi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,690,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 1999
Sold by
Hubbard Donald D and Hubbard Judith A
Bought by
Milnes Brian G and Schiffgens Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.78%
Source: Public Records

Range of Values:

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Average Value
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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
Lin Xia $3,330,000 Chicago Title Company Of Wa
Zhang Wei $2,615,000 Lawyers Title
Milnes Brian G $2,100,030 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhang Wei $1,690,000
Previous Owner Milnes Brian G $1,000,000
Closed Zhang Wei $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2017 07/19/17 Sold $3,330,000 -8.8% $499 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $3,650,000 -- $547 / 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 $43,019 $6,571,000 $3,563,000 $3,008,000
2023 $42,474 $6,171,000 $3,362,000 $2,809,000
2022 $37,974 $6,901,000 $3,782,000 $3,119,000
2021 $36,443 $5,158,000 $3,113,000 $2,045,000
2020 $33,564 $4,554,000 $2,965,000 $1,589,000
2018 $36,708 $4,160,000 $2,627,000 $1,533,000
2017 $34,052 $4,232,000 $2,526,000 $1,706,000
2016 $35,462 $3,809,000 $2,309,000 $1,500,000
2015 $34,164 $3,790,000 $2,090,000 $1,700,000
2014 -- $3,907,000 $1,932,000 $1,975,000
2013 -- $3,398,000 $2,101,000 $1,297,000
Source: Public Records

Agents Affiliated with this Home

  • Shanna Yang

    Seller's Agent in 2017

    Shanna Yang

    COMPASS

    (425) 829-6566

    10 Total Sales

    Shanna Yang
    Section Image

  • M

    Buyer's Agent in 2017

    Melina Lin

    Skyline Properties, Inc

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1116250

Northwest Multiple Listing Service (NWMLS)

APN: 335850-0485

Washington King County Mercer Island 98040 Island Point

8279 W Mercer Way, Mercer Island, WA

This home is located at 8279 W Mercer Way, Mercer Island, WA 98040 since 01 May 2017 and is currently estimated at $7,506,734, approximately $1,125 per square foot. This property was built in 1987. 8279 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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