Seller's Agent in 2024
Tim Conway
John L Scott
(206) 954-2437
2 in this area
40 Total Sales
Listed by John L. Scott, Inc., Bought with John L. Scott, Inc.
8431 85th Ave SE Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $4,020,000 - $4,626,538
2
Beds
1
Bath
1,260
Sq Ft
$3,392/Sq Ft
Est. Value
Highlights
- Low Bank Waterfront Property
- Docks
- Deck
- Lakeridge Elementary School Rated A
- Lake View
- No HOA
About This Home
As of September 2024Rare 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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2262442
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$877,987
Avg. Annual Appreciation
-14.09%
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%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Larsen Deborah | $5,152,500 | Equity Title Of Washington | |
| Henderson Jesse M | $484,500 | Transamerica Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Henderson Jesse M | $387,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Lori Holden
Buyer's Agent in 2024
Lori Holden
John L Scott
(206) 949-5674
9 in this area
101 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2262442
APN: 073610-0170
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.
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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