Listed by Windermere Mercer Island, Bought with Windermere Mercer Island
$2,805,000
SOLD DEC 27, 2012

8710 85th Ave SE Mercer Island, WA 98040

Island Point Neighborhood
4 Beds
6 Baths
4,600 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$610 Per Sq Ft

196 Days on Market

About This Home

As of June 2019

107’+/- of East, South and West facing Lake Washington waterfront. Views of Mt Rainier. 4 full suites, 4600 sq ft. Hot tub and fire pit. 3 car garage

Last Agent to Sell the Property

Larry Williams

Windermere Mercer Island License #74738 Listed on: 05/06/2012

Windermere Mercer Island

Last Buyer's Agent

Nancy LaVallee

Windermere Mercer Island License #50729

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM352974

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$40,342

Year Built

1998

Lot Details

0

Listing Details

  • Condition: Remodeled
  • Special Features: None
  • Year Built: 1998

Interior Features

  • Basement: Fully Finished
  • Features: 2nd Kitchen, Bath Off Master, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace in Master Bedroom, High Tech Cabling, Hot Tub/Spa, Security System, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-in Closet
  • Fireplaces: 3
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Water Heater Location: Basement-Gas

Exterior Features

  • Exterior: Stone, Wood
  • Foundation: Poured Concrete
  • Lot Details: Dead End Street, Paved Street
  • Roof: Composition
  • Site Features: Cable TV, Deck, Dock, Full Fence, Natural Gas Available, High Speed Internet, Hot Tub/Spa, Moorage, Patio, Sprinkler System
  • View: Lake, Mountain
  • Waterfront: Lake
  • Waterfront Frontage: 107+/-

Garage/Parking

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

Utilities

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Heating and Cooling: Central A/C, Forced Air
  • Power Company: Puget Sound Energy
  • 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
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
$7,691,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,916,017
Avg. Annual Appreciation
7.54%
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

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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,775,000 Chicago Title
Warranty Deed $2,805,000 Chicago Title
Warranty Deed $2,805,000 Transnation Ti
Interfamily Deed Transfer -- --
Warranty Deed $700,000 --
Trustee Deed $440,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,031,313 New Conventional
Closed $2,056,200 New Conventional
Closed $995,000 Future Advance Clause Open End Mortgage
Closed $2,865,000 New Conventional
Previous Owner $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,050,600 New Conventional
Previous Owner $1,127,400 Unknown
Previous Owner $1,100,000 Purchase Money Mortgage
Previous Owner $1,445,000 Unknown
Previous Owner $937,370 Construction
Previous Owner $365,000 Seller Take Back
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

  • Larry Williams

    Seller's Agent in 2019

    Larry Williams

    Windermere Corporate

    (425) 445-9870

    2 in this area

    12 Total Sales

    Section Image
  • Kelly Weisfield

    Buyer's Agent in 2019

    Kelly Weisfield

    COMPASS

    (206) 355-3863

    8 in this area

    116 Total Sales

    Section Image
  • Nancy LaVallee

    Buyer's Agent in 2012

    Nancy LaVallee

    Windermere Corporate

    (206) 383-9227

    1 in this area

    38 Total Sales

    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM352974

Northwest Multiple Listing Service (NWMLS)

APN: 073610-0175

Washington King County Mercer Island 98040 Island Point

8710 85th Ave SE, Mercer Island, WA

This home is located at 8710 85th Ave SE, Mercer Island, WA 98040 and is currently priced at $2,805,000, approximately $609 per square foot. This property was built in 1998. 8710 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

Nearby Homes