NOT LISTED FOR SALE

8405 E Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,023,406 - $2,251,000

3 Beds
3 Baths
2,370 Sq Ft
$909/Sq Ft Est. Value

Last Sold October 06, 2015

Last sale price $993,000 $419 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $12,813/month

35 Days on Market

Highlights

  • Lake View
  • Deck
  • Double Oven
  • Lakeridge Elementary School Rated A
  • Northwest Architecture
  • Attached Garage

About This Home

As of October 2015

This magnificent house has 2,370 of finished space sitting on 17,385 sq ft of land! Conveniently located on E Mercer Way near all the local amenities. Live in tranquility as the creek flows beneath the master suite! Very unique landscaping. Master suite is located on the East Side of the house allowing for a luminous master suite. SS appliances, radiant heating, 2 sided fireplace and the aesthetics of this house make it a must see! Newer furnace, roof and water heater!

Last Agent to Sell the Property

Teo Okamura

John L. Scott, Inc. License #116964 Listed on: 08/20/2015

John L. Scott, Inc.

Last Buyer's Agent

Ken Graff

Coldwell Banker Bain License #108166

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM835494

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,809

Year Built

  • Built in 1992

Lot Details

  • Steep Slope
  • Property is zoned R8.4

Property Views

  • Lake
  • Creek or Stream
  • Territorial

Home Design

  • Northwest Architecture
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Off-Street Parking

Additional Features

  • Wall to Wall Carpet
  • Deck

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 0321100120

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,809

Year Built

Built in 1992

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: 1992
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Dining Room, French Doors, Vaulted Ceilings, Walk In Pantry
  • 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: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Den or Office: Upper
  • Dining Room: Main
  • Extra Finished Room: Upper
  • Living Room: Main
  • Estimated Sq Ft: 2370
  • Square Footage Finished: 2370

Exterior Features

  • Exterior: Wood
  • Foundation: Slab
  • Roof: Metal
  • View: Lake, Territorial
  • Waterfront: Creek

Garage/Parking

  • Parking Type: Garage-Attached, Off Street
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Radiant
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Sewer Connected
  • Water Heater: garage-gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island
  • Project: Avalon Park Add

Schools

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

Lot Info

  • Lot Dimensions: 17385
  • Lot Sq Ft: 17385
  • Lot Topography Vegetation: Partial Slope, Steep Slope
  • Parcel Number: 0321100120
  • Zoning Code: R8.4
  • Lot Topography: Partial Slope, Steep Slope

Tax Info

  • Tax Amount: 7338

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2015
Closed on
Oct 30, 2015
Sold by
Osw Properties Llc
Bought by
Buches David M and Buches Melissa N
Seller's Agent
Teo Okamura
John L. Scott, Inc.
Buyer's Agent
Ken Graff
Coldwell Banker Bain
List Price
$1,050,000
Sold Price
$993,000
Premium/Discount to List
-$57,000
-5.43%
Current Estimated Value
$2,153,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,160,352
Avg. Annual Appreciation
7.96%
Original Mortgage
$794,400
Outstanding Balance
$613,804
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,474,570

Purchase Details

Closed on
Aug 24, 2011
Sold by
Cero Michael R and Cero Susan R
Bought by
Osw Properties Llc

Purchase Details

Closed on
Feb 26, 1996
Sold by
Robinson Thomas Fraser and Wellman Joan E
Bought by
Cero Michael R and Cero Susan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.1%

Purchase Details

Closed on
Dec 22, 1993
Sold by
Simantel David A
Bought by
Robinson Thomas Fraser and Wellman Joan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
6.59%
Source: Public Records

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Range of Values:

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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
Buches David M $993,000 Chicago Title
Osw Properties Llc -- None Available
Cero Michael R $380,000 Commonwealth Land Title Ins
Robinson Thomas Fraser $369,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buches David M $794,400
Previous Owner Cero Michael R $304,000
Previous Owner Robinson Thomas Fraser $295,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2015 10/06/15 Sold $993,000 -5.4% $419 / Sq Ft
09/25/2015 09/25/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $1,050,000 -- $443 / 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 $9,809 $1,496,000 $942,000 $554,000
2023 $9,838 $1,432,000 $889,000 $543,000
2022 $8,833 $1,602,000 $1,001,000 $601,000
2021 $8,680 $1,198,000 $824,000 $374,000
2020 $9,655 $1,083,000 $785,000 $298,000
2018 $9,369 $1,196,000 $760,000 $436,000
2017 $8,179 $1,079,000 $688,000 $391,000
2016 $7,614 $1,004,000 $629,000 $375,000
2015 $7,338 $910,000 $570,000 $340,000
2014 -- $838,000 $527,000 $311,000
2013 -- $734,000 $528,000 $206,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Teo Okamura

    John L Scott

    (206) 578-1744

    50 Total Sales

    Teo Okamura
    Section Image
  • Ken Graff

    Buyer's Agent in 2015

    Ken Graff

    Coldwell Banker Bain

    (206) 498-7818

    98 Total Sales

    Ken Graff
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM835494

Northwest Multiple Listing Service (NWMLS)

APN: 032110-0120

Washington King County Mercer Island 98040 Island Point

8405 E Mercer Way, Mercer Island, WA

This home is located at 8405 E Mercer Way, Mercer Island, WA 98040 since 20 August 2015 and is currently estimated at $2,153,352, approximately $908 per square foot. This property was built in 1992. 8405 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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