Seller's Agent in 2017
Daniel Gottesman
Engel & Voelkers Mercer Island
(206) 898-2505
3 in this area
64 Total Sales
Listed by Engel & Voelkers Mercer Island, Bought with Windermere Real Estate/East
8798 N Mercer Way Mercer Island, WA 98040
North Mercer NeighborhoodEstimated Value: $4,956,000 - $10,372,987
7
Beds
4
Baths
10,700
Sq Ft
$716/Sq Ft
Est. Value
Highlights
- Low Bank Waterfront Property
- Docks
- RV Access or Parking
- Northwood Elementary School Rated A
- In Ground Pool
- Lake View
About This Home
As of July 2017Cape Cod mansion transformed by Gallagher Co on 2/3 acre w/100' of low-bank waterfront on N.E. MI. Masterful attention to detail, premium finishes, huge kitchen. Two deluxe wet bars, 2nd kitchen downstairs, five fire places, and a huge bonus room above the 4-car garage. Thirsty? There's a 2000+ bottle wine cellar, gym, sauna and mud room. 175' deep water dock, beach, fire pit, outdoor grill station, and a pool w/built-in hot-tub. Is this place grand? No, it's not grand - it's ridiculously grand.
Last Agent to Sell the Property
Engel & Voelkers Mercer Island License #39554 Listed on: 07/07/2017
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1158239
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $83,335
Year Built
- Built in 1998
Lot Details
- Low Bank Waterfront Property
- Street terminates at a dead end
- Gated Home
- Partially Fenced Property
- Secluded Lot
- Level Lot
- Sprinkler System
Property Views
- Lake
- City
- Mountain
Home Design
- Cape Cod Architecture
- Poured Concrete
- Tile Roof
- Wood Siding
- Stone
Interior Spaces
- 4 Bathrooms
- 5 Fireplaces
- Finished Basement
- Natural lighting in basement
Kitchen
- Double Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Wall to Wall Carpet
- Concrete
- Ceramic Tile
Laundry
- Dryer
- Washer
Parking
- Attached Garage
- RV Access or Parking
Pool
- In Ground Pool
- Spa
Outdoor Features
- Docks
- Deck
- Patio
Utilities
- High Speed Internet
- Cable TV Available
Community Details
- Mercer Island Community
Listing and Financial Details
- Assessor Parcel Number 8106100130
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2017
Closed on
Jun 30, 2017
Sold by
Saitta Christopher L
Bought by
Unity Pacific Llc
Seller's Agent
Daniel Gottesman
Engel & Voelkers Mercer Island
Buyer's Agent
Feng Hong
Windermere Real Estate/East
List Price
$9,950,000
Sold Price
$9,950,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,285,506
Avg. Annual Appreciation
-2.78%
Purchase Details
Listed on
Feb 20, 2014
Closed on
Mar 24, 2014
Sold by
Columbia State Bank
Bought by
Saitta Christopher L and Christopher L Saitta Living Trust
Seller's Agent
Sam Cunningham
COMPASS
Buyer's Agent
Heather Dosch
Buchan Real Estate
List Price
$6,300,000
Sold Price
$5,800,000
Premium/Discount to List
-$500,000
-7.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.89%
Purchase Details
Closed on
Oct 3, 2013
Sold by
West Richard G and West Leslie A
Bought by
Columbia National Bank
Purchase Details
Closed on
Jun 14, 1994
Sold by
Singer Frederick Lawrence
Bought by
Mercer Construction & Development Co
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
8.56%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Unity Pacific Llc | $9,950,000 | Cw Title Co | |
| Saitta Christopher L | $5,800,000 | First American | |
| Columbia National Bank | $1,854,000 | First American | |
| Mercer Construction & Development Co | $1,300,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | West Richard G | $1,500,000 | |
| Previous Owner | West Richard G | $565,000 | |
| Previous Owner | Mercer Construction & Development Co | $1,300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2017 07/07/17 | Sold | $9,950,000 | 0.0% | $930 / Sq Ft |
| 07/07/2017 07/07/17 | For Sale | $9,950,000 | +71.6% | $930 / Sq Ft |
| 03/28/2014 03/28/14 | Sold | $5,800,000 | -7.9% | $542 / Sq Ft |
| 03/07/2014 03/07/14 | Pending | -- | -- | -- |
| 02/20/2014 02/20/14 | For Sale | $6,300,000 | -- | $589 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $83,335 | $12,732,000 | $5,326,000 | $7,406,000 |
| 2023 | $87,719 | $11,957,000 | $5,025,000 | $6,932,000 |
| 2022 | $78,711 | $14,309,000 | $5,653,000 | $8,656,000 |
| 2021 | $75,540 | $10,694,000 | $4,653,000 | $6,041,000 |
| 2020 | $68,816 | $9,442,000 | $4,432,000 | $5,010,000 |
| 2018 | $65,920 | $8,470,000 | $3,942,000 | $4,528,000 |
| 2017 | $57,534 | $7,601,000 | $3,791,000 | $3,810,000 |
| 2016 | $53,463 | $7,072,000 | $3,466,000 | $3,606,000 |
| 2015 | $51,419 | $6,399,000 | $3,137,000 | $3,262,000 |
| 2014 | -- | $5,881,000 | $2,900,000 | $2,981,000 |
| 2013 | -- | $5,635,000 | $2,865,000 | $2,770,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2017
Sam Chapin
Engel & Voelkers Mercer Island
(206) 948-9153
3 in this area
52 Total Sales
-
Buyer's Agent in 2017
Feng Hong
Windermere Corporate
(206) 551-2142
43 Total Sales
-
Seller's Agent in 2014
Sam Cunningham
COMPASS
(206) 227-7849
1 in this area
164 Total Sales
-
Seller Co-Listing Agent in 2014
Sandra Justen
Reaologics Sothebys International Realty
(206) 369-6393
32 Total Sales
-
H
Buyer's Agent in 2014
Heather Dosch
Buchan Real Estate
(425) 417-5006
4 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1158239
APN: 810610-0130
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Based on information submitted to the MLS GRID
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