Listed by John L. Scott, Inc., Bought with John L. Scott, Inc.
$5,152,500
SOLD SEP 9, 2024

8431 85th Ave SE Mercer Island, WA 98040

Island Point Neighborhood
2 Beds
1 Bath
1,260 Sq Ft
10,300 Sq Ft Lot

Recently Sold

$4,089 Per Sq Ft

4% Above List Price

5 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Deck
  • Lakeridge Elementary School Rated A
  • Lake View
  • No HOA

About This Home

As of September 2024

Rare opportunity to create your own waterfront oasis on the coveted South End of Mercer Island. 55 feet of lakefront and an existing private dock and exceptional views of Lake Washington and Mt. Rainier. 10,300 sq. ft. mostly level lot. The cute, 2 bedroom 1940's cottage is 1,260 sq. ft. needs work but with a new roof and some updates and maybe an addition would make a nice home! If you are looking to build a new house the lot provides an excellent opportunity in an area of very expensive homes. Bring your architect or builder and explore the many options. Enjoy the great view from the dock or from the large deck. Award winning Mercer Island schools and close to South End amenities. Contact your agent to view the property.

Last Agent to Sell the Property

Tim Conway

John L. Scott, Inc. License #5506 Listed on: 07/15/2024

John L. Scott, Inc.

Last Buyer's Agent

Lori Holden

John L. Scott, Inc. License #24368

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2262442

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,455

Year Built

  • Built in 1944

Lot Details

  • 10,300 Sq Ft Lot
  • Low Bank Waterfront Property
  • 55 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Southeast Facing Home
  • Sloped Lot
  • Zoning described as R8.4

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Concrete Flooring

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Detached Carport Space

Outdoor Features

  • Bulkhead
  • Docks
  • Deck

Schools

  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Forced Air Cooling System
  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • South End Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0736100170

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,455

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1944
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1260
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 366

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Concrete
  • Interior Amenities: Concrete, Fireplace
  • Living Area: 1260
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1260
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Flat
  • View: City, Lake, Mountain(s)
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Bulkhead, Lake, No Bank
  • Waterfront: Yes
  • Direction Faces: Southeast
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: House
  • WaterfrontFootage: 55

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Parking Features: Detached Carport
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 0736100170
  • Topography: Partial Slope
  • Land Lease: No
  • Lot Size Acres: 0.2365
  • Lot Size Sq Ft: 10300
  • Zoning Description: R8.4
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Dock,Gas Available,High Speed Internet,Moorage
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 19455

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2024
Closed on
Sep 6, 2024
Sold by
Henderson Jesse M and Henderson Terry L
Bought by
Larsen Deborah and Larsen Travis E
Seller's Agent
Tim Conway
John L. Scott, Inc.
Buyer's Agent
Lori Holden
John L. Scott, Inc.
List Price
$4,950,000
Sold Price
$5,152,500
Premium/Discount to List
$202,500
4.09%
Views
13
Current Estimated Value
$4,594,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$558,398
Avg. Annual Appreciation
-14.59%

Purchase Details

Closed on
Apr 17, 1995
Sold by
Veith Michael C and Veith Michael E
Bought by
Henderson Jesse M and Henderson Terry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
7%
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 Type Sale Price Title Company
Warranty Deed $5,152,500 Equity Title Of Washington
Warranty Deed $484,500 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $495,000 Unknown
Previous Owner $387,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Sold $5,152,500 +4.1% $4,089 / Sq Ft
07/20/2024 07/20/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $4,950,000 -- $3,929 / 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 $19,723 $3,011,000 $2,423,000 $588,000
2023 $19,475 $2,828,000 $2,286,000 $542,000
2022 $17,413 $3,163,000 $2,572,000 $591,000
2021 $16,718 $2,364,000 $2,117,000 $247,000
2020 $15,670 $2,088,000 $2,017,000 $71,000
2018 $17,060 $2,037,000 $1,904,000 $133,000
2017 $14,409 $1,966,000 $1,831,000 $135,000
2016 $13,402 $1,770,000 $1,674,000 $96,000
2015 $12,915 $1,603,000 $1,515,000 $88,000
2014 -- $1,476,000 $1,401,000 $75,000
2013 -- $1,277,000 $1,211,000 $66,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Conway

    Seller's Agent in 2024

    Tim Conway

    John L Scott

    (206) 954-2437

    3 in this area

    44 Total Sales

    Tim Conway
    Section Image
  • Lori Holden

    Buyer's Agent in 2024

    Lori Holden

    John L Scott

    (206) 949-5674

    7 in this area

    102 Total Sales

    Lori Holden
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2262442

Northwest Multiple Listing Service (NWMLS)

APN: 073610-0170

Washington King County Mercer Island 98040 Island Point

8431 85th Ave SE, Mercer Island, WA

This home is located at 8431 85th Ave SE, Mercer Island, WA 98040 and is currently priced at $5,152,500, approximately $4,089 per square foot. This property was built in 1944. 8431 85th Ave SE 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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