NOT LISTED FOR SALE

8800 N Mercer Way Mercer Island, WA 98040

North Mercer Neighborhood

Estimated Value: $4,474,862 - $6,076,000

4 Beds
4 Baths
2,670 Sq Ft
$1,878/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 $5,014,621, approximately $1,878 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
$5,014,621

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
Outstanding Balance
$9,829
Interest Rate
8.06%
Mortgage Type
Seller Take Back
Estimated Equity
$5,004,792

Purchase Details

Closed on
Apr 11, 1996
Sold by
First Edition Homes Inc
Bought by
Lee Won Min and Lee Byung Rim
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.

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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.

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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.

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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.

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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
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
Open Verlander Hugh M $100,000
Source: Public Records

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 $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

Washington King County Mercer Island 98040 North Mercer

8800 N Mercer Way, Mercer Island, WA

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