NOT LISTED FOR SALE

Estimated Value: $7,192,000 - $7,739,000

4 Beds
3 Baths
4,670 Sq Ft
$1,595/Sq Ft Est. Value

Last Sold June 19, 2019

Last sale price $4,775,000 $1,022 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $44,869/month

4 Days on Market

Highlights

  • Docks
  • Spa
  • Craftsman Architecture
  • Lakeridge Elementary School Rated A
  • Lake View
  • Deck

About This Home

As of June 2019

Benotho Point, Mercer Island's Southern tip. Expansive 107’+/- of East, South and West facing Lake Washington waterfront, adjacent shorelines rolling off in each direction. Magnificent Mt Rainier views from the world's front row. Private dock. Four full suites and six total baths, a 4600 square foot custom home set up for the waterfront enthusiast. Genius beach bath, spa, upscale bonfires designed for instant enjoyment. 3 car garage plus generous guest accommodations. Turn key fun zone!

Last Agent to Sell the Property

Larry Williams

Windermere Mercer Island License #74738 Listed on: 05/14/2019

Windermere Mercer Island

Last Buyer's Agent

Kelly Weisfield

COMPASS License #109428

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1451562

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,342

Year Built

  • Built in 1998

Lot Details

  • Street terminates at a dead end
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Property is zoned R8.4

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 3 Bathrooms
  • 3 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Bulkhead
  • Docks
  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • South End Community

Listing and Financial Details

  • Assessor Parcel Number 0736100175

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,342

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Craftsman
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, High Tech Cabling, Hot Tub/Spa, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Bedrooms: 4.00
  • Lower Level Bedroom: 2
  • Bathrooms: 4.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Total Half Bathrooms: 1
  • Three Quarter Bathrooms Lower: 3
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Upper
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4670
  • Square Footage Finished: 4670

Exterior Features

  • Exterior: Stone, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Lake, Mountain
  • Waterfront: Bulkhead, Lake, No Bank
  • Waterfront Frontage: 107+/-

Garage/Parking

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

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Wall, Ductless Hp-Mini Split
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Basement-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: South End
  • Project: Benotho Beach Co

Schools

  • Elementary School: Lakeridge Elem
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Number: 29
  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 7048
  • Lot Topography Vegetation: Level
  • Parcel Number: 0736100175
  • Zoning Code: R8.4
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Tax Info

  • Tax Amount: 35832

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Jun 13, 2019
Sold by
Burdick Donald E
Bought by
Weisfield James A and Weisfield Kelly M
Seller's Agent
Larry Williams
Windermere Mercer Island
Buyer's Agent
Kelly Weisfield
COMPASS
List Price
$4,950,000
Sold Price
$4,775,000
Premium/Discount to List
-$175,000
-3.54%
Current Estimated Value
$7,450,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,675,828
Avg. Annual Appreciation
6.67%
Original Mortgage
$2,865,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2012
Closed on
Dec 21, 2012
Sold by
Vertner Arthur L and Vertner Michelle Foust
Bought by
Burdick Donald E
Seller's Agent
Larry Williams
Windermere Mercer Island
Buyer's Agent
Nancy LaVallee
Windermere Mercer Island
List Price
$2,805,000
Sold Price
$2,805,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%
Original Mortgage
$2,000,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 26, 2005
Sold by
Madsen Dennis
Bought by
Vertner Arthur L and Vertner Michelle Foust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2001
Sold by
Madsen Noreen
Bought by
Madsen Dennis

Purchase Details

Closed on
Feb 27, 1998
Sold by
Centrum Financial Services Inc
Bought by
Madsen Dennis F and Madsen Noreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,370
Interest Rate
6.99%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 8, 1995
Sold by
Brooks William C
Bought by
Centrum Financial Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
7.83%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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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
Weisfield James A $4,775,000 Chicago Title
Burdick Donald E $2,805,000 Chicago Title
Vertner Arthur L $2,805,000 Transnation Ti
Madsen Dennis -- --
Madsen Dennis F $700,000 --
Centrum Financial Services Inc $440,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weisfield James A $2,031,313
Closed Weisfield James A $2,056,200
Closed Weisfield James A $995,000
Closed Weisfield James A $2,865,000
Previous Owner Burdick Donald E $2,000,000
Previous Owner Vertner Arthur L $1,050,600
Previous Owner Vertner Arthur L $1,127,400
Previous Owner Vertner Arthur L $1,100,000
Previous Owner Madsen Dennis F $1,445,000
Previous Owner Madsen Dennis F $937,370
Previous Owner Centrum Financial Services Inc $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2019 06/19/19 Sold $4,775,000 -3.5% $1,022 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $4,950,000 +76.5% $1,060 / Sq Ft
12/27/2012 12/27/12 Sold $2,805,000 0.0% $610 / Sq Ft
11/18/2012 11/18/12 Pending -- -- --
05/06/2012 05/06/12 For Sale $2,805,000 -- $610 / 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 $40,342 $6,162,000 $4,101,000 $2,061,000
2023 $39,832 $5,787,000 $3,869,000 $1,918,000
2022 $35,611 $6,472,000 $4,353,000 $2,119,000
2021 $34,179 $4,837,000 $3,583,000 $1,254,000
2020 $32,909 $4,271,000 $3,413,000 $858,000
2018 $35,832 $4,280,000 $3,233,000 $1,047,000
2017 $30,254 $4,131,000 $3,109,000 $1,022,000
2016 $28,137 $3,718,000 $2,842,000 $876,000
2015 $29,435 $3,367,000 $2,572,000 $795,000
2014 -- $3,366,000 $2,378,000 $988,000
2013 -- $2,632,000 $1,792,000 $840,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1451562

Northwest Multiple Listing Service (NWMLS)

APN: 073610-0175