NOT LISTED FOR SALE

8383 E Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $4,336,000 - $4,847,000

4 Beds
3 Baths
2,300 Sq Ft
$1,972/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $2,150,000 $935 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $27,372/month

32 Days on Market

About This Home

As of May 2014

Magnificent view property. The purpose for this listing is to sell the entire tract (3 platted lots) likely to a developer or investor. For maximum development the property would likely be re-platted- ether a lot line adjustment (3 lots-7,8,9) or a short plat. The sale might be outright AS-IS or contingent on approval of the LLA or short plat. Costs incurred to obtain such approval is open to negotiation. Listing include 2 tax ID ( 3 platted lots): 032110-0145 and 032110-1140

Last Agent to Sell the Property

Yuqin Wu

WPI Real Estate Services, Inc. License #112038 Listed on: 12/12/2013

Last Buyer's Agent

Ellen Wang

COMPASS License #35724

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM573561

Northwest Multiple Listing Service (NWMLS)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2023
Sold by
New Horizon Real Estate Development Llc
Bought by
Chen Yuanyuan
Current Estimated Value
$4,535,233

Purchase Details

Closed on
Oct 14, 2014
Sold by
Li Jialin and Zheng Haolin
Bought by
Zheng Haolin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Dec 12, 2013
Closed on
May 12, 2014
Sold by
Comstock Brian and Comstock Karen J
Bought by
Zheng Haolin
Seller's Agent
Yuqin Wu
WPI Real Estate Services, Inc.
Buyer's Agent
Ellen Wang
COMPASS
List Price
$2,700,000
Sold Price
$2,150,000
Premium/Discount to List
-$550,000
-20.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%

Purchase Details

Closed on
Mar 21, 2005
Sold by
Bersos Ivar and Bersos Helen
Bought by
Comstock Brian L and Comstock Karen W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
Chen Yuanyuan $313 None Listed On Document
Zheng Haolin -- First American
Zheng Haolin $2,150,000 First American
Comstock Brian L $600,000 Fidelity Natio
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner New Horizon Real Estate Development Llc $2,000,000
Previous Owner Zheng Haolin $450,000
Previous Owner Comstock Brian L $359,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2014 05/23/14 Sold $2,150,000 -20.4% $935 / Sq Ft
01/14/2014 01/14/14 Pending -- -- --
12/12/2013 12/12/13 For Sale $2,700,000 -- $1,174 / 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 $25,292 $3,862,000 $1,328,000 $2,534,000
2023 $25,447 $3,696,000 $1,253,000 $2,443,000
2022 $24,838 $4,513,000 $1,410,000 $3,103,000
2021 $20,518 $3,373,000 $1,161,000 $2,212,000
2020 $6,095 $2,563,000 $1,106,000 $1,457,000
2018 $6,767 $863,000 $755,000 $108,000
2017 $7,097 $779,000 $683,000 $96,000
2016 $6,603 $725,400 $624,400 $101,000
2015 $6,368 $789,000 $697,000 $92,000
2014 -- $727,000 $645,000 $82,000
2013 -- $602,000 $555,000 $47,000
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2014

    Yuqin Wu

    WPI Real Estate Services, Inc.

  • Ellen Wang

    Buyer's Agent in 2014

    Ellen Wang

    COMPASS

    (425) 985-3888

    69 Total Sales

    Ellen Wang
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM573561

Northwest Multiple Listing Service (NWMLS)

APN: 032110-0140

Washington King County Mercer Island 98040 Island Point

8383 E Mercer Way, Mercer Island, WA

This home is located at 8383 E Mercer Way, Mercer Island, WA 98040 since 12 December 2013 and is currently estimated at $4,535,233, approximately $1,971 per square foot. This property was built in 1961. 8383 E 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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