Listed by John L. Scott, Inc., Bought with Windermere Real Estate/East
NOT LISTED FOR SALE

8608 N Mercer Way Mercer Island, WA 98040

North Mercer Neighborhood

Estimated Value: $4,000,000 - $4,508,000

5 Beds
5 Baths
5,190 Sq Ft
$826/Sq Ft Est. Value

Last Sold May 15, 2014

Last sale price $1,702,500 $328 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $24,601/month

22 Days on Market

About This Home

As of May 2014

Nice views of the Lake from almost every room in this luxurious home on Mercer Island.Spacious 5,190 sq ft on large 23,716 sq ft lot. Beautiful hwds on main floor. Gourmet kitchen/ Bosch Viking range. Sub-zero refrigerator. Family room off kitchen;breakfast area. Formal liv & din rms;Bonus rm;office in owners suite.Mother-in-law 1st floor. Great schools, easy access on and off the Island. Bike and walking trails across the street.Close to Luther Burbank park,public transportation,and airport

Last Agent to Sell the Property

Frank Ceteznik

John L. Scott, Inc. License #25697 Listed on: 03/04/2014

John L. Scott, Inc.

Last Buyer's Agent

Anna Riley

Windermere Real Estate/East License #49269

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM589417

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$25,841

Year Built

2000

Lot Details

0

Listing Details

  • Condition: Very Good
  • Sq Ft Finished: 5190
  • Form 17: Provided
  • Special Features: None
  • Year Built: 2000

Interior Features

  • Appliances: Dishwasher, Double Oven, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplaces: 3
  • Basement: Fully Finished
  • Features: Wet Bar, Bath Off Master, Built-In Vacuum, Double Pane/Storm Window, Dining Room, Fireplace in Master Bedroom, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 3
  • Floor: Hardwood, Slate, Wall to Wall Carpet
  • Water Heater Location: Garage-Gas

Exterior Features

  • Roof: Composition
  • Exterior: Stucco, Wood Products
  • Foundation: Poured Concrete
  • Lot Details: Paved Street
  • Roof: Composition
  • Site Features: Patio
  • View: Lake
  • Lot Topography: Garden Space, Partial Slope

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 3

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Double Oven, 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2014
Closed on
May 9, 2014
Sold by
Godsey James and Godsey Sandy
Bought by
Qi Wenqing and Lin Peng
Seller's Agent
Frank Ceteznik
John L. Scott, Inc.
Buyer's Agent
Anna Riley
Windermere Real Estate/East
List Price
$1,838,000
Sold Price
$1,702,500
Premium/Discount to List
-$135,500
-7.37%
Current Estimated Value
$4,288,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,586,187
Avg. Annual Appreciation
8.40%
Original Mortgage
$1,090,000
Outstanding Balance
$812,314
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,476,374

Purchase Details

Closed on
Jul 18, 2007
Sold by
Yu Gang and Song Xiaomei M
Bought by
Godsey James and Godsey Sandy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
7.38%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 3, 2004
Sold by
Cho Samuel M and Cho Debbie K
Bought by
Yu Gang and Song Xiaomei M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1999
Sold by
Cho Peter J
Bought by
Cho Samuel M and Cho Debbie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,800
Interest Rate
7.82%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 7, 1997
Sold by
Chung Soon H and Chung Siwoo
Bought by
Cho Samuel M and Cho Debbie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
8.37%

Purchase Details

Closed on
Apr 21, 1995
Sold by
Sears Jane C and Clements David B
Bought by
Chung Soon H and Chung Siwoo W
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
Qi Wenqing $1,702,500 Fidelity Natio
Godsey James $2,100,000 Rainier Title
Yu Gang $1,650,000 Transnation Ti
Cho Samuel M -- Pacific Northwest Title
Cho Samuel M $350,000 Chicago Title Ins Co
Chung Soon H $300,000 Old Republic Title Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qi Wenqing $1,090,000
Previous Owner Godsey James $999,000
Previous Owner Yu Gang $1,155,000
Previous Owner Cho Samuel M $730,800
Previous Owner Cho Samuel M $262,500
Closed Yu Gang $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2014 05/15/14 Sold $1,702,500 -7.4% $328 / Sq Ft
03/27/2014 03/27/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $1,838,000 -- $354 / 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 $25,841 $3,946,000 $1,946,000 $2,000,000
2023 $25,424 $3,706,000 $1,836,000 $1,870,000
2022 $22,815 $4,145,000 $2,066,000 $2,079,000
2021 $21,902 $3,098,000 $1,701,000 $1,397,000
2020 $20,990 $2,736,000 $1,620,000 $1,116,000
2018 $20,363 $2,601,000 $1,336,000 $1,265,000
2017 $17,777 $2,347,000 $1,208,000 $1,139,000
2016 $16,535 $2,184,000 $1,105,000 $1,079,000
2015 $15,930 $1,978,000 $1,000,000 $978,000
2014 -- $1,821,000 $925,000 $896,000
2013 -- $1,652,000 $847,000 $805,000
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2014

    Frank Ceteznik

    John L Scott

    (206) 979-8400

    1 in this area

    11 Total Sales

    Frank Ceteznik
    Section Image
  • Anna Riley

    Buyer's Agent in 2014

    Anna Riley

    Windermere Corporate

    (425) 761-8836

    183 Total Sales

    Anna Riley
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM589417

Northwest Multiple Listing Service (NWMLS)

APN: 810610-0085

Washington King County Mercer Island 98040 North Mercer

8608 N Mercer Way, Mercer Island, WA

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Based on information submitted to the MLS GRID

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