Listed by Windermere Mercer Island
NOT LISTED FOR SALE

Estimated Value: $3,609,290 - $4,189,000

5 Beds
4 Baths
4,740 Sq Ft
$803/Sq Ft Est. Value

Last Sold October 16, 2017

Last sale price $2,400,000 $506 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $22,888/month

Highlights

  • Waterfront Community
  • Docks
  • Deck
  • Island Park Elementary School Rated A
  • Lake View
  • Secluded Lot

About This Home

As of October 2017

This home is located at 8383 SE 50th Place, Mercer Island, WA 98040 since 16 October 2017 and is currently estimated at $3,807,323, approximately $803 per square foot. This property was built in 1996. 8383 SE 50th Place is a home located in King County with nearby schools including Island Park Elementary School, Islander Middle School, and Mercer Island High School.

Last Agent to Sell the Property

Anni Zilz

Windermere Mercer Island License #75153 Listed on: 10/16/2017

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1215710

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,529

Year Built

  • Built in 1996

Lot Details

  • Street terminates at a dead end
  • Dog Run
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is zoned R15

Parking

  • Attached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Tile Roof
  • Cement Board or Planked
  • Stucco

Interior Spaces

  • 4 Fireplaces
  • Finished Basement
  • Natural lighting in basement
  • Washer

Kitchen

  • Double Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 9332700120

Community Details

Overview

  • Mid Island Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,529

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Traditional
  • Homebuilder: Hammond
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, French Doors, High Tech Cabling, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Lower Level Bedroom: 2
  • Bathrooms: 3.50
  • Total Full Bathrooms: 3
  • Total Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main 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
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4740
  • Square Footage Finished: 4740

Exterior Features

  • Exterior: Cement Planked, Stucco
  • Foundation: Poured Concrete
  • Roof: Tile
  • View: Territorial
  • Waterfront: Lake

Garage/Parking

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

Utilities

  • Heating And Cooling: Central A/C, Forced Air, High Efficiency (Unspecified)
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Heater: Lower Level-Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 67
  • Community Name: Mid Island
  • Project: Weyburn
  • Community Features: Ccrs, Community Waterfront/Pvt Beach

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Paved Street, Secluded
  • Lot Sq Ft: 15810
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope, Sloped
  • Parcel Number: 9332700120
  • Zoning Code: R15
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level, Partial Slope, Sloped

Tax Info

  • Tax Amount: 15702

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2017
Closed on
Oct 5, 2017
Sold by
Island Melanie and Island Tobin
Bought by
Bloom Jason E and Bloom Lindsay
Seller's Agent
Anni Zilz
Windermere Mercer Island
List Price
$2,400,000
Sold Price
$2,400,000
Current Estimated Value
$3,852,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,452,751
Avg. Annual Appreciation
5.81%
Original Mortgage
$1,100,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2015
Closed on
Oct 6, 2015
Sold by
Waesche Jeffrey and Waesche A
Bought by
Island Tobin and Island Melanie
Seller's Agent
Vicki Napoleone
COMPASS
Buyer's Agent
Anni Zilz
Windermere Mercer Island
List Price
$1,988,000
Sold Price
$2,008,000
Premium/Discount to List
$20,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%
Original Mortgage
$1,606,400
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 17, 1997
Sold by
Hammond Construction Inc
Bought by
Waesche Jeffrey and Waesche A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.5%
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
Bloom Jason E $2,400,000 Wfg National Titl E
Island Tobin $2,008,000 Chicago Title
Waesche Jeffrey $894,049 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bloom Jason Eric $1,047,700
Closed Bloom Jason E $1,100,000
Previous Owner Tobin Island & Melanie Island $100,000
Previous Owner Island Tobin $1,606,400
Previous Owner Waesche Jeffrey $250,000
Previous Owner Waesche Jeffrey $665,000
Previous Owner Waesche Jeffrey $250,000
Previous Owner Waesche Jeffrey $665,000
Previous Owner Waesche Jeffrey $660,000
Previous Owner Waesche Jeffrey $150,000
Previous Owner Waesche Jeffrey $663,000
Previous Owner Waesche Jeffrey $100,000
Previous Owner Waesche Jeffrey $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2017 10/16/17 Sold $2,400,000 0.0% $506 / Sq Ft
10/16/2017 10/16/17 For Sale $2,400,000 +19.5% $506 / Sq Ft
10/13/2015 10/13/15 Sold $2,008,000 +1.0% $424 / Sq Ft
09/13/2015 09/13/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $1,988,000 -- $419 / 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 $21,529 $3,287,000 $1,505,000 $1,782,000
2023 $21,257 $3,087,000 $1,420,000 $1,667,000
2022 $19,010 $3,453,000 $1,598,000 $1,855,000
2021 $18,246 $2,581,000 $1,316,000 $1,265,000
2020 $18,535 $2,279,000 $1,254,000 $1,025,000
2018 $17,987 $2,297,000 $1,061,000 $1,236,000
2017 $15,702 $2,073,000 $960,000 $1,113,000
2016 $14,605 $1,929,000 $878,000 $1,051,000
2015 $14,077 $1,747,000 $795,000 $952,000
2014 -- $1,609,000 $735,000 $874,000
2013 -- $1,257,000 $708,000 $549,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1215710

Northwest Multiple Listing Service (NWMLS)

APN: 933270-0120