NOT LISTED FOR SALE

8602 N Mercer Way Mercer Island, WA 98040

North Mercer Neighborhood

Estimated Value: $3,240,000 - $3,733,000

5 Beds
3 Baths
3,540 Sq Ft
$968/Sq Ft Est. Value

Last Sold November 20, 2015

Last sale price $1,928,500 $545 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $19,592/month

4 Days on Market

Highlights

  • Waterfront Community
  • Docks
  • Deck
  • Northwood Elementary School Rated A
  • Lake View
  • Wooded Lot

About This Home

As of November 2015

This welcoming mid-century modern home on the North End of Mercer Island is the ideal combination of period style with exquisite contemporary design and construction, situated on a huge, level lot with shared waterfront and shared dock on Lake Washington. This 5 bedroom and 2.5 Bath home has vast expanses of glass and light, reflecting off the vaulted ceilings in the central great room and defining two levels of dramatic and comfortable space. 3 Car garage, A/C & Tankless Water Heaters included.

Last Agent to Sell the Property

Robyn Kimura-Hsu

Realogics Sotheby's Int'l Rlty License #72569 Listed on: 10/01/2015

Realogics Sotheby's Int'l Rlty

Co-Listed By

Rachel Schindler

Realogics Sotheby's Int'l Rlty License #27729

Last Buyer's Agent

Reilly Schanno

Windermere Real Estate Midtown License #77450

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM854160

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,913

Year Built

  • Built in 1974

Lot Details

  • Street terminates at a dead end
  • Level Lot
  • Wooded Lot
  • Garden

Parking

  • Detached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Modern Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5452600020

Community Details

Overview

  • North End Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,913

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Modern
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Bath Off Master, Dbl Pane/Storm Windw, Fireplace In Mstr Br, French Doors, Jetted Tub, Security System, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Hardwood, Slate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 3
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Basement: Daylight, Fully Finished
  • Den or Office: Lower
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3540
  • Square Footage Finished: 3540

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Territorial
  • Waterfront: Lake, No Bank

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Tankless Water Heater
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Garage/Basement-2 Tankless
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: North End
  • Project: Mercer Park Lane
  • Community Features: Ccrs, Community Waterfront/Pvt Beach

Schools

  • School District: MIS

Lot Info

  • Lot Number: 2&12
  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 22748
  • Lot Topography Vegetation: Garden Space, Level, Sloped, Wooded
  • Parcel Number: 5452600020
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level, Sloped, Wooded

Tax Info

  • Tax Amount: 11831

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2018
Sold by
Butson Todd and Boucher Melissa
Bought by
8602 Nmw Llc
Current Estimated Value
$3,426,067

Purchase Details

Closed on
May 1, 2017
Sold by
Butson Todd
Bought by
Butson Todd and Boucher Melissa

Purchase Details

Listed on
Oct 1, 2015
Closed on
Nov 2, 2015
Sold by
Nov Dodi and Nov Rachael
Bought by
Butson Todd M
Seller's Agent
Robyn Kimura-Hsu
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Reilly Schanno
Windermere Real Estate Midtown
List Price
$1,998,000
Sold Price
$1,928,500
Premium/Discount to List
-$69,500
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$1,542,800
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 27, 2007
Sold by
Nov Dodi
Bought by
Robbs Kristina B and Robbs Charles T

Purchase Details

Closed on
Jul 26, 2004
Sold by
Perr Geoffrey S and Doppel Diane M
Bought by
Nov Dodi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 1994
Sold by
Hahn Gerald M and Hahn Michelle M
Bought by
Perr Geoffrey S and Doppel Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,600
Interest Rate
6.71%

Purchase Details

Closed on
Aug 21, 1989
Sold by
Dorsey Thelma (P/R Of Estate)
Bought by
Mercer Park Control Group
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
8602 Nmw Llc -- None Available
Butson Todd -- None Available
Butson Todd M $1,928,500 Old Republic
Robbs Kristina B -- Transnation Ti
Nov Dodi $1,195,000 Chicago Title
Perr Geoffrey S $609,500 Commonwealth Land Title
Mercer Park Control Group -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butson Todd M $1,542,800
Previous Owner Nov Dodi $650,000
Previous Owner Perr Geoffrey S $487,600
Closed Nov Dodi $306,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2015 11/20/15 Sold $1,928,500 -3.5% $545 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $1,998,000 -- $564 / 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 $19,913 $3,040,000 $2,101,000 $939,000
2023 $19,661 $2,855,000 $1,983,000 $872,000
2022 $17,583 $3,193,000 $2,231,000 $962,000
2021 $16,878 $2,387,000 $1,837,000 $550,000
2020 $16,112 $2,108,000 $1,750,000 $358,000
2018 $15,629 $1,996,000 $1,517,000 $479,000
2017 $13,197 $1,801,000 $1,372,000 $429,000
2016 $12,275 $1,621,000 $1,255,000 $366,000
2015 $11,831 $1,468,000 $1,136,000 $332,000
2014 -- $1,352,000 $1,050,000 $302,000
2013 -- $1,427,000 $886,000 $541,000
Source: Public Records

Agents Affiliated with this Home

  • Robyn Kimura-Hsu

    Seller's Agent in 2015

    Robyn Kimura-Hsu

    Reaologics Sothebys International Realty

    (206) 295-2247

    1 in this area

    134 Total Sales

    Robyn Kimura-Hsu
    Section Image
  • Rachel Schindler

    Seller Co-Listing Agent in 2015

    Rachel Schindler

    Reaologics Sothebys International Realty

    (206) 250-5622

    136 Total Sales

    Rachel Schindler
    Section Image
  • Reilly Schanno

    Buyer's Agent in 2015

    Reilly Schanno

    Windermere Corporate

    (206) 931-5014

    52 Total Sales

    Reilly Schanno
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM854160

Northwest Multiple Listing Service (NWMLS)

APN: 545260-0020

Washington King County Mercer Island 98040 North Mercer

8602 N Mercer Way, Mercer Island, WA

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Based on information submitted to the MLS GRID

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