NOT LISTED FOR SALE

8471 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $6,241,000 - $9,500,000

4 Beds
3 Baths
3,700 Sq Ft
$2,178/Sq Ft Est. Value

Last Sold September 25, 2014

Last sale price $2,011,000 $544 Per Sq Ft

Est. 301% increase in value since last sale

Current estimated payment $49,574/month

1 Day on Market

About This Home

As of September 2014

Opportunity knocks! This one owner Anker Molver designed custom home has been lovingly cared for by the original owners. A floorplan ahead of its time offers 4brs, 2.5bths, den and rec rm. SW exposure offers all day sun with Mt Rainier front and center in all its splendor. Enjoy watching the eagles fish lofted above the lake on the 370 sqft deck or while BBQing at the waters edge. 73' dock w/30' and 40' slips. Included in the sale is 1/2 interest in the adjoining 22,157 sqft lot w/60' H2O.

Last Agent to Sell the Property

Peggy Watkins

Coldwell Banker Bain License #37666 Listed on: 08/26/2014

Coldwell Banker Bain

Co-Listed By

Vicki Napoleone

COMPASS License #113457

Last Buyer's Agent

Kelly Weisfield

COMPASS License #109428

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM684887

Northwest Multiple Listing Service (NWMLS)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2021
Sold by
Mohammed Obeidat
Bought by
Obeidat Mohammed and Hizazi Arwa
Current Estimated Value
$8,057,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,380,000
Outstanding Balance
$2,187,659
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$5,275,903

Purchase Details

Listed on
Aug 26, 2014
Closed on
Sep 23, 2014
Sold by
Hijazi Arwa N
Bought by
Obeidat Mohammed
Seller's Agent
Peggy Watkins
Coldwell Banker Bain
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$2,000,000
Sold Price
$2,011,000
Premium/Discount to List
$11,000
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.99%
Original Mortgage
$1,500,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2014
Closed on
Sep 18, 2014
Sold by
Nelson Mark T
Bought by
Obeidat Mohammed
Seller's Agent
Peggy Watkins
Coldwell Banker Bain
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$2,000,000
Sold Price
$2,011,000
Premium/Discount to List
$11,000
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 26, 2014
Closed on
Sep 9, 2014
Sold by
Nelson Mark T
Bought by
Nelson Mark T
Seller's Agent
Peggy Watkins
Coldwell Banker Bain
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$2,000,000
Sold Price
$2,011,000
Premium/Discount to List
$11,000
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 10, 2005
Sold by
Nelson Jania M
Bought by
Nelson John E and Jania M Nelson Qualified Personal Reside
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
Obeidat Mohammed $313 None Listed On Document
Obeidat Mohammed -- Chicago Title
Obeidat Mohammed $2,011,000 Chicago Title
Nelson Mark T -- Chicago Title
Nelson John E -- --
Nelson Jania M -- --
Nelson Mark T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obeidat Mohammed $2,380,000
Previous Owner Obeidat Mohammed $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2014 09/25/14 Sold $2,011,000 +0.6% $544 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $2,000,000 -- $541 / 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 $56,237 $8,591,000 $2,926,000 $5,665,000
2023 $55,525 $8,068,000 $2,761,000 $5,307,000
2022 $49,644 $9,023,000 $3,106,000 $5,917,000
2021 $47,649 $6,744,000 $2,557,000 $4,187,000
2020 $43,644 $5,955,000 $2,436,000 $3,519,000
2018 $17,606 $2,110,000 $2,017,000 $93,000
2017 $18,208 $2,029,000 $1,940,000 $89,000
2016 $16,936 $2,237,000 $1,774,000 $463,000
2015 $16,315 $2,026,000 $1,606,000 $420,000
2014 -- $1,865,000 $1,485,000 $380,000
2013 -- $1,559,000 $1,490,000 $69,000
Source: Public Records

Agents Affiliated with this Home

  • Peggy Watkins

    Seller's Agent in 2014

    Peggy Watkins

    Coldwell Banker Bain

    (206) 679-5444

    22 Total Sales

    Peggy Watkins
    Section Image

  • V

    Seller Co-Listing Agent in 2014

    Vicki Napoleone

    Avenue Properties

    (206) 790-5822

    Section Image
  • Kelly Weisfield

    Buyer's Agent in 2014

    Kelly Weisfield

    COMPASS

    (206) 355-3863

    10 in this area

    116 Total Sales

    Kelly Weisfield
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM684887

Northwest Multiple Listing Service (NWMLS)

APN: 335850-0700

Washington King County Mercer Island 98040 Island Point

8471 W Mercer Way, Mercer Island, WA

This home is located at 8471 W Mercer Way, Mercer Island, WA 98040 since 26 August 2014 and is currently estimated at $8,057,961, approximately $2,177 per square foot. This property was built in 1968. 8471 W 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.

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Based on information submitted to the MLS GRID

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