NOT LISTED FOR SALE

8487 W Mercer Way Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,894,000 - $4,615,000

4 Beds
4 Baths
2,190 Sq Ft
$1,937/Sq Ft Est. Value

About This Home

This home is located at 8487 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $4,241,642, approximately $1,936 per square foot. 8487 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2010
Sold by
Harrison Brett R and Harrison Wendy L
Bought by
Lubner Alan and Lubner Andrea W
Current Estimated Value
$4,241,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 14, 2005
Sold by
Harrison Brett R
Bought by
Harrison Brett R and Harrison Wendy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
9.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 30, 1996
Sold by
Piper John T and Piper Carol J
Bought by
Harrison Brett R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,800
Interest Rate
7.53%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Lubner Alan $1,995,000 Commonwealth L
Harrison Brett R -- Chicago Title
Harrison Brett R $276,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lubner Alan $1,300,000
Closed Lubner Alan $1,200,000
Closed Lubner Alan $500,000
Closed Alan Lubner $1,000,001
Closed Lubner Alan $444,176
Closed Lubner Alan $1,334,000
Closed Lubner Alan $225,000
Closed Lubner Alan $1,372,800
Closed Lubner Alan $1,430,000
Closed Lubner Alan $300,000
Closed Lubner Alan $1,200,000
Previous Owner Harrison Brett R $950,000
Previous Owner Harrison Brett R $220,800
Source: Public Records

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 $21,699 $3,313,000 $1,981,000 $1,332,000
2023 $21,835 $3,171,000 $1,869,000 $1,302,000
2022 $19,525 $3,547,000 $2,103,000 $1,444,000
2021 $19,182 $2,651,000 $1,731,000 $920,000
2020 $18,685 $2,396,000 $1,649,000 $747,000
2018 $18,126 $2,315,000 $1,264,000 $1,051,000
2017 $15,825 $2,089,000 $1,143,000 $946,000
2016 $14,722 $1,944,000 $1,045,000 $899,000
2015 $14,182 $1,761,000 $946,000 $815,000
2014 -- $1,621,000 $875,000 $746,000
2013 -- $1,841,000 $809,000 $1,032,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Island Point

8487 W Mercer Way, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 8487 W Mercer Way, Mercer Island, WA 98040 and is currently estimated at $4,241,642, approximately $1,936 per square foot. 8487 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.

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