8800 N Mercer Way Mercer Island, WA 98040
North Mercer NeighborhoodEstimated Value: $4,503,529 - $5,527,000
4
Beds
4
Baths
2,670
Sq Ft
$1,830/Sq Ft
Est. Value
About This Home
This home is located at 8800 N Mercer Way, Mercer Island, WA 98040 and is currently estimated at $4,884,843, approximately $1,829 per square foot. 8800 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
Feb 13, 2019
Sold by
Rim Lee Won Min and Rim Lee Byung
Bought by
Rim Lee Won Min and Rim Lee Byung
Current Estimated Value
Purchase Details
Closed on
Nov 12, 1996
Sold by
Rice David W and Rice Carolyn A
Bought by
Verlander Hugh M and Verlander Cheryl L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.06%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 11, 1996
Sold by
First Edition Homes Inc
Bought by
Lee Won Min and Lee Byung Rim
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 |
|---|---|---|---|
| Rim Lee Won Min | -- | None Available | |
| Verlander Hugh M | $158,000 | Chicago Title Insurance Co | |
| Lee Won Min | $400,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Lee Won Min | $340,000 | |
| Closed | Lee Byung Rim | $417,000 | |
| Open | Bookstore Partners Inc | $700,000 | |
| Closed | Verlander Hugh M | $100,000 |
Source: Public Records
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 | $25,396 | $3,878,000 | $2,072,000 | $1,806,000 |
| 2023 | $24,982 | $3,642,000 | $1,955,000 | $1,687,000 |
| 2022 | $22,417 | $4,073,000 | $2,200,000 | $1,873,000 |
| 2021 | $21,518 | $3,044,000 | $1,811,000 | $1,233,000 |
| 2020 | $19,830 | $2,688,000 | $1,725,000 | $963,000 |
| 2018 | $19,236 | $2,457,000 | $1,407,000 | $1,050,000 |
| 2017 | $16,792 | $2,217,000 | $1,273,000 | $944,000 |
| 2016 | $15,624 | $2,063,000 | $1,164,000 | $899,000 |
| 2015 | $15,056 | $1,869,000 | $1,054,000 | $815,000 |
| 2014 | -- | $1,721,000 | $975,000 | $746,000 |
| 2013 | -- | $1,529,000 | $847,000 | $682,000 |
Source: Public Records
Map
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