NOT LISTED FOR SALE

8540 85th Ave SE Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,131,609 - $4,349,000

4 Beds
3 Baths
3,778 Sq Ft
$943/Sq Ft Est. Value

Last Sold July 29, 2013

Last sale price $1,612,500 $427 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $20,738/month

98 Days on Market

About This Home

As of July 2013

Elegant sun lit spaces afford lake views from room. Spacious 4BR/2.5BA home was taken down to the studs in 2001, and rebuilt with high end elegance and luxury in mind. (4th Bedroom currently being used as office.) Two levels of outdoor living plus a fabulous chef's kitchen make al fresco entertaining and dining an absolute pleasure. Sited near MI Beach Club, with all it has to offer. Soaring eagles, soothing lake & mountain views create that true haven we all long for. Welcome Home!

Last Agent to Sell the Property

Becky Nadesan

Coldwell Banker Bain License #73944 Listed on: 02/05/2013

Coldwell Banker Bain

Last Buyer's Agent

Becky Nadesan

Coldwell Banker Bain License #73944 Listed on: 02/05/2013

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM444675

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$15,999

Year Built

2001

Lot Details

0

Listing Details

  • Sq Ft Finished: 3778
  • Form 17: Provided
  • Special Features: None
  • Year Built: 2001

Interior Features

  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplaces: 1
  • Basement: Daylight, Fully Finished
  • Features: Wine Cellar, Bath Off Master, Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Security System, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 1
  • Floor: Hardwood, Slate, Wall to Wall Carpet

Exterior Features

  • Roof: Composition
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Dead End Street, Paved Street, Secluded
  • Roof: Composition
  • View: Lake, Mountain
  • Lot Topography: Fruit Trees, Garden Space, Sloped, Terraces, Wooded

Garage/Parking

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

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Schools

  • School District: MIS
  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2013
Closed on
Jul 24, 2013
Sold by
Michels Robert J and Michels Lori A
Bought by
Vandenbosch David R and Vandenbosch Tina E
Seller's Agent
Becky Nadesan
Coldwell Banker Bain
Buyer's Agent
Becky Nadesan
Coldwell Banker Bain
List Price
$1,612,500
Sold Price
$1,612,500
Current Estimated Value
$3,561,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,948,902
Avg. Annual Appreciation
6.57%

Purchase Details

Closed on
Sep 23, 1992
Sold by
Paetzke Richard E
Bought by
Michels Robert J and Michels Lori A
Source: Public Records

Range of Values:

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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
Vandenbosch David R $1,612,500 Chicago Title
Michels Robert J $327,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Michels Robert J $780,000
Previous Owner Michels Robert J $780,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2013 07/29/13 Sold $1,612,500 0.0% $427 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
02/05/2013 02/05/13 For Sale $1,612,500 -- $427 / 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 $15,999 $2,442,000 $1,380,000 $1,062,000
2023 $15,801 $2,294,000 $1,302,000 $992,000
2022 $14,131 $2,566,000 $1,465,000 $1,101,000
2021 $13,567 $1,918,000 $1,206,000 $712,000
2020 $15,828 $1,694,000 $1,149,000 $545,000
2018 $15,360 $1,961,000 $1,122,000 $839,000
2017 $13,409 $1,770,000 $1,015,000 $755,000
2016 $12,475 $1,647,000 $928,000 $719,000
2015 $12,023 $1,492,000 $840,000 $652,000
2014 -- $1,374,000 $777,000 $597,000
2013 -- $957,000 $586,000 $371,000
Source: Public Records

Agents Affiliated with this Home

  • Becky Nadesan

    Seller's Agent in 2013

    Becky Nadesan

    Coldwell Banker Bain

    (206) 972-1113

    2 in this area

    70 Total Sales

    Becky Nadesan
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM444675

Northwest Multiple Listing Service (NWMLS)

APN: 073610-0060

Washington King County Mercer Island 98040 Island Point

8540 85th Ave SE, Mercer Island, WA

This home is located at 8540 85th Ave SE, Mercer Island, WA 98040 since 05 February 2013 and is currently estimated at $3,561,402, approximately $942 per square foot. This property was built in 2001. 8540 85th Ave SE 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.

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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