Listed by Redfin, Bought with Realogics Sotheby's Int'l Rlty
NOT LISTED FOR SALE

8553 85th Ave SE Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $1,801,000 - $2,305,000

3 Beds
3 Baths
2,164 Sq Ft
$961/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $1,000,000 $462 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $12,144/month

224 Days on Market

Highlights

  • Northwest Architecture
  • Wood Flooring
  • Attached Garage
  • Lakeridge Elementary School Rated A
  • 1 Fireplace
  • Wood Siding

About This Home

As of February 2020

Redevelopment or Remodel opportunity! Fabulous 90 degree views of SE Lake Washington & Mt. Rainier, 3 bed, 2.5 bath. 8,000 Square Foot Lot, Private Drive & immediate Beach Club Access on Road, Spacious Decks w/ magnificent lake views - highly desired location. 3 Auxiliary Structures (Wood Shop, Metal Shop and Rec Room w/ power & Gas). Spacious 2 car garage + space for 4+ cars in drive/lot. Opportunity to build a dream home on private drive w/lake views.

Last Agent to Sell the Property

Kenny Whiteside

Redfin License #20057 Listed on: 05/24/2019

Redfin

Last Buyer's Agent

Alee Heidar

Realogics Sotheby's Int'l Rlty License #126102

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1462545

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,737

Year Built

  • Built in 1979

Lot Details

  • 7,841

Parking

  • Attached Garage

Home Design

  • Northwest Architecture
  • Block Foundation
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Community Details

  • Mercer Island Community

Listing and Financial Details

  • Assessor Parcel Number 0736100045

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,737

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 14 - Split Entry
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Lower
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dining Room
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Microwave, Range/Oven
  • Bedrooms: 3.00
  • Lower Level Bedroom: 2
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Dining Room: Upper
  • Living Room: Upper
  • Kitchen w/ Eating Area: Upper
  • Estimated Sq Ft: 2164
  • Square Footage Finished: 2164

Exterior Features

  • Exterior: Wood
  • Foundation: Concrete Block
  • Roof: Cedar Shake

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mercer Island

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: MIS

Lot Info

  • Lot Sq Ft: 8000
  • Parcel Number: 0736100045

Tax Info

  • Tax Amount: 7847

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Jan 24, 2020
Sold by
Loud Thomas Alan and Loud Harry William
Bought by
Garcia Daisy Sonia and Garcia Daniel Carlos
Seller's Agent
Kenny Whiteside
Redfin
Buyer's Agent
Alee Heidar
Realogics Sotheby's Int'l Rlty
List Price
$1,000,000
Sold Price
$1,000,000
Current Estimated Value
$2,079,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,079,864
Avg. Annual Appreciation
12.51%
Original Mortgage
$600,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2000
Sold by
Loud H William and Loud Gloria
Bought by
Loud H William and Loud Gloria
Source: Public Records

Range of Values:

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Average Value
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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
Garcia Daisy Sonia $1,000,000 Chicago Title
Loud H William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Daisy Sonia $587,600
Closed Garcia Daisy Sonia $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2020 02/03/20 Sold $1,000,000 0.0% $462 / Sq Ft
01/03/2020 01/03/20 Pending -- -- --
12/30/2019 12/30/19 Price Changed $1,000,000 0.0% $462 / Sq Ft
12/30/2019 12/30/19 For Sale $1,000,000 0.0% $462 / Sq Ft
12/27/2019 12/27/19 Off Market $1,000,000 -- --
07/14/2019 07/14/19 Price Changed $1,299,000 -10.4% $600 / Sq Ft
06/16/2019 06/16/19 Price Changed $1,450,000 -8.2% $670 / Sq Ft
05/24/2019 05/24/19 For Sale $1,579,000 -- $730 / 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 $9,737 $1,485,000 $1,081,000 $404,000
2023 $9,327 $1,353,000 $1,020,000 $333,000
2022 $8,348 $1,514,000 $1,148,000 $366,000
2021 $8,016 $1,132,000 $945,000 $187,000
2020 $8,424 $1,000,000 $900,000 $100,000
2018 $8,172 $1,043,000 $881,000 $162,000
2017 $7,138 $941,000 $797,000 $144,000
2016 $6,645 $876,000 $729,000 $147,000
2015 $6,402 $794,000 $660,000 $134,000
2014 -- $731,000 $610,000 $121,000
2013 -- $603,000 $528,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • Alee Heidar

    Buyer's Agent in 2020

    Alee Heidar

    Reaologics Sothebys International Realty

    (206) 966-1792

    114 Total Sales

    Alee Heidar
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1462545

Northwest Multiple Listing Service (NWMLS)

APN: 073610-0045

Washington King County Mercer Island 98040 Island Point

8553 85th Ave SE, Mercer Island, WA

This home is located at 8553 85th Ave SE, Mercer Island, WA 98040 since 24 May 2019 and is currently estimated at $2,079,864, approximately $961 per square foot. This property was built in 1979. 8553 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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