$3,750,000
SOLD SEP 19, 2019
4 Beds
1 Bath
3,820 Sq Ft
0.52 Acres

Recently Sold

$982 Per Sq Ft

6% Below List Price

3 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Northwest Architecture
  • Lakeridge Elementary School Rated A
  • Lake View
  • Wood Flooring

About This Home

As of October 2020

Sited on a 1/2 acre lot in Mercer Island's coveted Benotho Beach neighborhood, this 4 bedroom home is the perfect template to remodel and modernize while maintaining the "60's Modern" charm of a pad built when Billy Joel's "Piano Man" topped the charts.Breathtaking view of Mt. Rainier is as majestic as the eagles soaring above. Imagine strolling down the lawn to swim from your coved beach, or dive off the end of your extra large, 100'X8' dock, board your (58') yacht and cruise.You get the idea.

Last Agent to Sell the Property

Patricia Wallace

Coldwell Banker Bain License #36057 Listed on: 09/03/2019

Coldwell Banker Bain

Co-Listed By

Sam Chapin

Engel & Voelkers Mercer Island License #117668

Last Buyer's Agent

Tim Conway

John L. Scott, Inc. License #5506

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1511560

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,609

Year Built

  • Built in 1973

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Dog Run
  • Level Lot
  • Sprinkler System
  • Property is zoned R8.4

Parking

  • Detached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Northwest Architecture
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Bulkhead
  • Docks
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Beach Club Community

Listing and Financial Details

  • Assessor Parcel Number 0736100155

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,609

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Upper
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Dining Room, French Doors, Loft, Security System, Skylights, Solarium/Atrium, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Bathrooms: 2.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Extra Finished Room: Upper
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3820
  • Square Footage Finished: 3820

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Cedar Shake
  • View: Lake, Mountain
  • Waterfront: Bank-Low, Bulkhead, Lake
  • Waterfront Frontage: 105

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Heater: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Beach Club
  • Project: Benotho Beach

Schools

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

Lot Info

  • Lot Number: 26-27
  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 22867
  • Lot Topography Vegetation: Level, Partial Slope
  • Parcel Number: 0736100155
  • Zoning Code: R8.4
  • Zoning Jurisdiction: City
  • Lot Topography: Level, Partial Slope

Tax Info

  • Tax Amount: 31104

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Oct 12, 2020
Sold by
Brindley Ralph J and Brindley Katharine W
Bought by
Wu Xiaoxia
Seller's Agent
Tim Conway
John L. Scott, Inc.
Buyer's Agent
Jeff Han
Providential Real Estate LLC
List Price
$4,825,000
Sold Price
$4,600,000
Premium/Discount to List
-$225,000
-4.66%
Current Estimated Value
$5,666,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,066,223
Avg. Annual Appreciation
3.56%

Purchase Details

Listed on
Sep 3, 2019
Closed on
Oct 7, 2019
Sold by
Mercer Island Ventures Llc
Bought by
Brindley Ralph J and Brindley Katharine W
Seller's Agent
Patricia Wallace
Coldwell Banker Bain
Buyer's Agent
Tim Conway
John L. Scott, Inc.
List Price
$3,985,000
Sold Price
$3,750,000
Premium/Discount to List
-$235,000
-5.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.04%

Purchase Details

Listed on
Sep 3, 2019
Closed on
Sep 18, 2019
Sold by
Johnson George Putnam and Johnson Martha S
Bought by
Mercer Island Ventures Llc
Seller's Agent
Patricia Wallace
Coldwell Banker Bain
Buyer's Agent
Tim Conway
John L. Scott, Inc.
List Price
$3,985,000
Sold Price
$3,750,000
Premium/Discount to List
-$235,000
-5.9%
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 $4,600,000 Fidelity National Title
Quit Claim Deed -- None Available
Warranty Deed $3,750,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,500,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $4,600,000 -4.7% $1,204 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $4,825,000 +28.7% $1,263 / Sq Ft
09/19/2019 09/19/19 Sold $3,750,000 -5.9% $982 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $3,985,000 -- $1,043 / 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 $28,609 $4,369,000 $4,304,000 $65,000
2023 $34,985 $4,122,000 $4,061,000 $61,000
2022 $31,395 $5,705,000 $4,569,000 $1,136,000
2021 $30,132 $4,264,000 $3,761,000 $503,000
2020 $31,836 $3,765,000 $3,582,000 $183,000
2018 $34,661 $4,140,000 $3,916,000 $224,000
2017 $29,269 $3,996,000 $3,766,000 $230,000
2016 $27,226 $3,597,000 $3,443,000 $154,000
2015 $26,227 $3,258,000 $3,116,000 $142,000
2014 -- $2,999,000 $2,880,000 $119,000
2013 -- $2,587,000 $2,367,000 $220,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1511560

Northwest Multiple Listing Service (NWMLS)

APN: 073610-0155