Listed by Windermere Real Estate Co., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

8281 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,321,000 - $4,006,000

3 Beds
3 Baths
3,695 Sq Ft
$968/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $2,250,000 $609 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $20,430/month

23 Days on Market

Highlights

  • Lake View
  • Deck
  • Secluded Lot
  • Lakeridge Elementary School Rated A+
  • Northwest Architecture
  • 2 Fireplaces

About This Home

As of July 2017

Stunning home with views of Lake Washington and the Olympic Mountains. Unique design by Robert Maloney with gourmet kitchen & fabulous entertaining spaces. travertine flooring, radiant heat, vaulted ceilings, skylights, library/office and beautiful screen sitting room. Three spacious bedrooms on upper level with beautiful master bed/bath/walk-in closet, invisible fence, workout room and laundry. Attached 2-car garage, large deck and patio.

Last Agent to Sell the Property

Terri Agee Smith

Windermere Real Estate Co. License #108652 Listed on: 03/21/2017

Windermere Real Estate Co.

Last Buyer's Agent

April Bing

Skyline Properties, Inc. License #125678

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1091699

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is zoned R15

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

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

Interior Spaces

  • 2 Fireplaces
  • Wall to Wall Carpet

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Disabled Access

Outdoor Features

  • Deck
  • Patio

Community Details

  • Westside Community

Listing and Financial Details

  • Assessor Parcel Number 3358500825

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Disabled Access, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Bathrooms: 3.00
  • Total Full Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3695
  • Square Footage Finished: 3695
  • Square Footage Unfinished: 580

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain

Garage/Parking

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

Utilities

  • Heating And Cooling: Central A/C, Radiant, Hot Water Recirc Pump
  • Power Company: Puget Sound Energy
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Available, Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Basement-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Westside

Schools

  • School District: MIS

Lot Info

  • Lot Number: 570
  • Lot Details: Paved Street, Secluded
  • Lot Sq Ft: 19850
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope
  • Parcel Number: 3358500825
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 12442

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2024
Sold by
Zhang Renyou
Bought by
Wang Jun
Current Estimated Value
$3,575,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Outstanding Balance
$1,944,732
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$1,631,229

Purchase Details

Closed on
Jan 10, 2024
Sold by
Huang Sean and Huang Jane
Bought by
Wang Jun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Outstanding Balance
$1,944,732
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$1,631,229

Purchase Details

Listed on
Mar 21, 2017
Closed on
Jul 12, 2017
Sold by
Holden Peter A and Holden Shelby
Bought by
Huang Sean and Huang Jane
Seller's Agent
Terri Agee Smith
Windermere Real Estate Co.
Buyer's Agent
April Bing
Skyline Properties, Inc.
List Price
$2,325,000
Sold Price
$2,250,000
Premium/Discount to List
-$75,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$1,347,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 9, 2015
Closed on
Nov 30, 2015
Sold by
Holden Shelby
Bought by
Holden Peter A
Seller's Agent
Bonnie Sanborn
Engel & Voelkers Mercer Island
Buyer's Agent
Terri Agee Smith
Windermere Real Estate Co.
List Price
$2,150,000
Sold Price
$2,085,000
Premium/Discount to List
-$65,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%
Original Mortgage
$1,668,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2015
Closed on
Nov 23, 2015
Sold by
Irwin James R and Irwin Nancy E
Bought by
Holden Peter A
Seller's Agent
Bonnie Sanborn
Engel & Voelkers Mercer Island
Buyer's Agent
Terri Agee Smith
Windermere Real Estate Co.
List Price
$2,150,000
Sold Price
$2,085,000
Premium/Discount to List
-$65,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,668,000
Interest Rate
3.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Wang Jun $313 None Listed On Document
Wang Jun $3,300,000 Old Republic Title
Huang Sean $2,250,000 Cw Title
Holden Peter A -- Fidelity Natio
Holden Peter A $2,085,000 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Jun $1,980,000
Previous Owner Huang Sean $1,347,000
Previous Owner Holden Peter A $1,668,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2017 07/28/17 Sold $2,250,000 -3.2% $609 / Sq Ft
04/14/2017 04/14/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $2,325,000 +11.5% $629 / Sq Ft
12/01/2015 12/01/15 Sold $2,085,000 -3.0% $555 / Sq Ft View Prior Sale
10/29/2015 10/29/15 Pending -- -- --
10/09/2015 10/09/15 For Sale $2,150,000 -- $572 / 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 $19,657 $3,001,000 $1,834,000 $1,167,000
2023 $19,778 $2,872,000 $1,731,000 $1,141,000
2022 $17,686 $3,212,000 $1,948,000 $1,264,000
2021 $17,374 $2,401,000 $1,604,000 $797,000
2020 $15,788 $2,170,000 $1,528,000 $642,000
2018 $15,317 $1,956,000 $1,103,000 $853,000
2017 $13,376 $1,765,000 $998,000 $767,000
2016 $12,442 $1,643,000 $913,000 $730,000
2015 $11,988 $1,488,000 $827,000 $661,000
2014 -- $1,370,000 $765,000 $605,000
2013 -- $1,398,000 $913,000 $485,000
Source: Public Records

Agents Affiliated with this Home

  • Terri Agee Smith

    Seller's Agent in 2017

    Terri Agee Smith

    Windermere Corporate

    (206) 229-4445

    54 Total Sales

    Terri Agee Smith
    Section Image

  • A

    Buyer's Agent in 2017

    April Bing

    Skyline Properties, Inc

    (206) 388-9228

    11 Total Sales

    April Bing
    Section Image
  • Bonnie Sanborn

    Seller's Agent in 2015

    Bonnie Sanborn

    Engel & Voelkers Mercer Island

    (206) 919-3501

    2 in this area

    9 Total Sales

    Bonnie Sanborn
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1091699

Northwest Multiple Listing Service (NWMLS)

APN: 335850-0825

Washington King County Mercer Island 98040 Island Point

8281 W Mercer Way, Mercer Island, WA

Not Listed for Sale

Detached

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

Nearby Homes