NOT LISTED FOR SALE

8618 N Mercer Way Mercer Island, WA 98040

North Mercer Neighborhood

Estimated Value: $3,120,000

4 Beds
3 Baths
3,070 Sq Ft
$1,016/Sq Ft Est. Value

About This Home

This home is located at 8618 N Mercer Way, Mercer Island, WA 98040 and is currently estimated at $3,120,000, approximately $1,016 per square foot. 8618 N Mercer Way is a home located in King County with nearby schools including Northwood Elementary School, Islander Middle School, and Mercer Island High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2010
Sold by
Reimers Milton A and Reimers Beverly B
Bought by
Martinez Ronald E and Martinez Celeste C
Current Estimated Value
$3,120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,800,000
Outstanding Balance
$1,721,486
Interest Rate
1.75%
Estimated Equity
$1,398,515

Purchase Details

Closed on
Jul 25, 1986
Sold by
Sears Jr Thomas W and Sears Jane C
Bought by
Reimers Milton A and Reimers Beverly R
Source: Public Records

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
Martinez Ronald E $3,800,000 Chicago Title
Reimers Milton A $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Ronald E $3,800,000
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 $94,244 $14,399,000 $5,326,000 $9,073,000
2023 $99,199 $13,522,000 $5,025,000 $8,497,000
2022 $89,013 $16,182,000 $5,653,000 $10,529,000
2021 $85,427 $12,094,000 $4,653,000 $7,441,000
2020 $82,661 $10,678,000 $4,432,000 $6,246,000
2018 $85,776 $10,248,000 $3,942,000 $6,306,000
2017 $74,867 $9,891,000 $3,791,000 $6,100,000
2016 $69,626 $9,203,000 $3,466,000 $5,737,000
2015 $67,075 $8,334,000 $3,137,000 $5,197,000
2014 -- $7,672,000 $2,900,000 $4,772,000
2013 -- $6,272,000 $2,865,000 $3,407,000
Source: Public Records

Map

Washington King County Mercer Island 98040 North Mercer

8618 N Mercer Way, Mercer Island, WA

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