Listed by Windermere Real Estate/East, Bought with Windermere Mercer Island
NOT LISTED FOR SALE

8751 SE 48th St Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $1,802,000 - $2,287,000

5 Beds
3 Baths
2,520 Sq Ft
$807/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $775,000 $308 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $11,606/month

67 Days on Market

About This Home

As of May 2014

Wonderful mid-island opportunity! Daylight rambler with great bones - 5BR/2.5BA on a corner lot with level backyard and 2-car garage. Wall of South facing windows throughout living and dining rooms. Beautiful hardwoods throughout main floor were just uncovered! Newer windows and roof. Downstairs offers large family room with fireplace, 2 BR's, spacious laundry room and big workshop area with tons of flex space. Don't miss the hot tub room which could make a great home office and huge patio!

Last Agent to Sell the Property

Mina Peterson

Windermere Real Estate/East License #35330 Listed on: 02/11/2014

Windermere Real Estate/East

Co-Listed By

Allison Grady Yena

Ensemble License #26257

Last Buyer's Agent

Nancy LaVallee

Windermere Mercer Island License #50729

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM591971

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$10,339

Year Built

1961

Lot Details

0

Listing Details

  • Form 17: Exempt
  • Special Features: None
  • Year Built: 1961

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplaces: 2
  • Basement: Daylight
  • Features: Bath Off Master, Double Pane/Storm Window, Dining Room, Hot Tub/Spa
  • Fireplaces: 2
  • Water Heater Location: lower level shop-gas

Exterior Features

  • Roof: Cedar Shake
  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Lot Details: Corner Lot, Dead End Street, Paved Street
  • Roof: Cedar Shake
  • Site Features: Cable TV, Deck, Natural Gas Available, Hot Tub/Spa, Patio, Shop, Sprinkler System

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: City of MI
  • Water Company: City of MI
  • Water Source: Public

Schools

  • School District: MIS
  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2023
Sold by
Lemaster Matthew D and Lemaster Karen M
Bought by
Mi2 Llc
Current Estimated Value
$2,034,502

Purchase Details

Listed on
Feb 11, 2014
Closed on
May 29, 2014
Sold by
Lien Jodi Ann
Bought by
Lemaster Matthew D and Lemaster Karen M
Seller's Agent
Mina Peterson
Windermere Real Estate/East
Buyer's Agent
Nancy LaVallee
Windermere Mercer Island
List Price
$810,000
Sold Price
$775,000
Premium/Discount to List
-$35,000
-4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$542,500
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 29, 2011
Sold by
Lien Jodi Ann
Bought by
Ramsey Betty Johnson
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
Mi2 Llc $313 First American Title
Lemaster Matthew D $775,000 First American
Ramsey Betty Johnson -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lemaster Matthew D $542,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2014 05/30/14 Sold $775,000 -4.3% $308 / Sq Ft
04/20/2014 04/20/14 Pending -- -- --
03/29/2014 03/29/14 Price Changed $810,000 0.0% $321 / Sq Ft
03/29/2014 03/29/14 For Sale $810,000 +4.5% $321 / Sq Ft
03/25/2014 03/25/14 Off Market $775,000 -- --
03/23/2014 03/23/14 For Sale $825,000 0.0% $327 / Sq Ft
03/15/2014 03/15/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $825,000 -- $327 / 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 $10,339 $1,577,000 $1,135,000 $442,000
2023 $10,208 $1,481,000 $1,071,000 $410,000
2022 $9,135 $1,657,000 $1,205,000 $452,000
2021 $8,768 $1,239,000 $992,000 $247,000
2020 $8,455 $1,094,000 $945,000 $149,000
2018 $8,207 $1,047,000 $794,000 $253,000
2017 $6,934 $945,000 $718,000 $227,000
2016 $6,453 $851,000 $657,000 $194,000
2015 $6,219 $771,000 $595,000 $176,000
2014 -- $710,000 $550,000 $160,000
2013 -- $650,000 $515,000 $135,000
Source: Public Records

Agents Affiliated with this Home

  • Mina Peterson

    Seller's Agent in 2014

    Mina Peterson

    Windermere Corporate

    (206) 819-9419

    60 Total Sales

    Mina Peterson
    Section Image
  • Allison Grady Yena

    Seller Co-Listing Agent in 2014

    Allison Grady Yena

    Ensemble

    (425) 802-2812

    33 Total Sales

    Allison Grady Yena
    Section Image
  • Nancy LaVallee

    Buyer's Agent in 2014

    Nancy LaVallee

    Windermere Corporate

    (206) 383-9227

    5 in this area

    38 Total Sales

    Nancy LaVallee
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM591971

Northwest Multiple Listing Service (NWMLS)

APN: 546350-0050

Washington King County Mercer Island 98040 Forest Avenue

8751 SE 48th St, Mercer Island, WA

This home is located at 8751 SE 48th St, Mercer Island, WA 98040 since 11 February 2014 and is currently estimated at $2,034,502, approximately $807 per square foot. This property was built in 1961. 8751 SE 48th St is a home located in King County with nearby schools including Island Park 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

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