Listed by Windermere RE/Capitol Hill,Inc, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

8435 SE 47th Place Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $910,000 - $1,772,000

0.44 Acre
$3,248,576 Price per Acre
19,358 Sq Ft Lot

Last Sold May 31, 2024

Last sale price $1,750,000 $404 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $8,879/month

21 Days on Market

About This Lot

As of May 2024

Nestled in the middle of Mercer Island is a unique homesite project. This home once finished is designed for entertaining as well as the comforts of daily living. - Don't waste time and money starting from scratch when this homesite is under construction and moving forward. Enjoy the privacy and tranquility of a cul-de-sac. Turnkey construction is easy with utilities in place, architectural plans, land survey, and design. Now is your opportunity to get in while you can still add your own touches.

Last Agent to Sell the Property

David De Maria

Windermere RE/Capitol Hill,Inc License #118997 Listed on: 04/15/2024

Windermere RE/Capitol Hill,Inc

Co-Listed By

James De Maria

Windermere RE/Capitol Hill,Inc License #26907

Last Buyer's Agent

Steven Chen

Skyline Properties, Inc. License #84514

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2223640

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,110

Lot Details

  • 0.44 Acre Lot

Community Details

  • No Home Owners Association
  • Mid Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3317500040

Property Details

Property Type

Land

Est. Annual Taxes

$5,110

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 455

Interior Features

  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: Available
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: On Property

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island

Lot Info

  • Parcel Number: 3317500040
  • Lot Size Acres: 0.4444
  • Lot Size Sq Ft: 19360
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 30, 2024
Sold by
Steinborn Daniel I and Steinborn Susan K
Bought by
Chen Ken Rong
Seller's Agent
David De Maria
Windermere RE/Capitol Hill,Inc
Buyer's Agent
Steven Chen
Skyline Properties, Inc.
List Price
$1,900,000
Sold Price
$1,750,000
Premium/Discount to List
-$150,000
-7.89%
Views
25
Current Estimated Value
$1,544,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$206,000
Avg. Annual Appreciation
-11.30%

Purchase Details

Closed on
Apr 12, 2021
Sold by
Fay Michael William and Fay Patrick Murphy
Bought by
Steinborn Daniel I and Steinborn Susan K

Purchase Details

Closed on
Feb 16, 2021
Sold by
Fay Michael William and Gerald W Fay Trust
Bought by
Fay Michael William and Fay Patrick Murphy

Purchase Details

Closed on
Jan 14, 1998
Sold by
Fay Ruth L
Bought by
Fay Michael William and Fay Patrick Murphy

Purchase Details

Closed on
Nov 28, 1997
Sold by
Fay Ruth L
Bought by
Fay Michael William and Fay Patrick Murphy
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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 Ken Rong $1,750,000 Cw Title
Steinborn Daniel I $685,000 Chicago Title Company Of Wa
Fay Michael William -- None Available
Fay Michael William -- Chicago Title Insurance Co
Fay Michael William -- Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $1,750,000 0.0% $404 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
04/22/2024 04/22/24 Price Changed $1,750,000 -7.9% $404 / Sq Ft
04/15/2024 04/15/24 For Sale $1,900,000 -- $438 / 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 $5,110 $778,000 $778,000 --
2023 $5,081 $734,000 $734,000 $0
2022 $5,021 $826,000 $826,000 $0
2021 $5,200 $680,000 $680,000 $0
2020 $4,721 $648,000 $648,000 $0
2018 $6,575 $837,000 $837,000 $0
2017 $5,639 $757,000 $757,000 $0
2016 $5,248 $692,000 $692,000 $0
2015 $5,081 $627,000 $627,000 $0
2014 -- $580,000 $580,000 $0
2013 -- $506,000 $506,000 $0
Source: Public Records

Agents Affiliated with this Home

  • David De Maria

    Seller's Agent in 2024

    David De Maria

    Windermere Corporate

    (206) 484-3800

    1 in this area

    24 Total Sales

    Section Image
  • James De Maria

    Seller Co-Listing Agent in 2024

    James De Maria

    Windermere Corporate

    (206) 321-5888

    1 in this area

    20 Total Sales

    Section Image
  • Steven Chen

    Buyer's Agent in 2024

    Steven Chen

    Skyline Properties, Inc

    (206) 887-7870

    1 in this area

    17 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2223640

Northwest Multiple Listing Service (NWMLS)

APN: 331750-0040

Washington King County Mercer Island 98040 Forest Avenue

8435 SE 47th Place, Mercer Island, WA

This home is located at 8435 SE 47th Place, Mercer Island, WA 98040 since 15 April 2024 and is currently estimated at $1,443,667, approximately $332 per square foot. 8435 SE 47th Place is a home located in King County with nearby schools including Island Park 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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