NOT LISTED FOR SALE

8905 SE 56th St Mercer Island, WA 98040

Parkwood - Mercer Firs Neighborhood

Estimated Value: $2,403,000 - $2,822,000

4 Beds
1 Bath
2,710 Sq Ft
$948/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $1,250,000 $461 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $15,113/month

5 Days on Market

Highlights

  • Cape Cod Architecture
  • Territorial View
  • 2 Fireplaces
  • Island Park Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Island Crest Park

About This Home

As of June 2016

Located in the highly sought after Parkwood Estates, this traditional 4 BD, 2.25 BA home is the perfect combination of elegance and charm. From the picturesque landscaping to the fully updated, eat-in kitchen with SS appliances & quartz countertops, this home is full of designer finishes throughout. Gleaming hardwood floors through the generous bedrooms and living spaces with double French doors leading out to the private, well-manicured backyard. Close to parks & Island Park Elementary School.

Last Agent to Sell the Property

Loren Ellingson

Redfin License #79682 Listed on: 05/04/2016

Redfin

Last Buyer's Agent

Brooks Beaupain

Windermere Real Estate/East License #75075

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM933478

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,349

Year Built

  • Built in 1963

Lot Details

  • Dog Run
  • Partially Fenced Property
  • Level Lot
  • Garden

Parking

  • Attached Garage

Home Design

  • Cape Cod Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Parkwood Estates Community

Listing and Financial Details

  • Assessor Parcel Number 6672900410

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,349

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Cape Cod
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dining Room, French Doors, Walk In Pantry
  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Bathrooms: 2.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Dining Room: Main
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2710

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Puget Sound Energy
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 5
  • Community Name: Parkwood Estates

Schools

  • Elementary School: Isl Park Elem
  • Middle School: Isler Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Sq Ft: 11300
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 6672900410
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 7993

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
Jun 3, 2016
Sold by
Lee Philip S and Lee Chloe Y
Bought by
Enge Craig Stephen and Enge Jennifer Brooks
Seller's Agent
Loren Ellingson
Redfin
Buyer's Agent
Brooks Beaupain
Windermere Real Estate/East
List Price
$1,200,000
Sold Price
$1,250,000
Premium/Discount to List
$50,000
4.17%
Current Estimated Value
$2,569,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,319,602
Avg. Annual Appreciation
7.40%
Original Mortgage
$900,000
Outstanding Balance
$727,961
Interest Rate
3.66%
Estimated Equity
$1,685,068

Purchase Details

Listed on
Feb 19, 2013
Closed on
Apr 19, 2013
Sold by
Johansson Ola J and Johansson Kristine G
Bought by
Lee Philip S and Lee Chloe Y
Seller's Agent
Loren Chotzen
The Landmark Group
Buyer's Agent
Loren Ellingson
Redfin
List Price
$900,000
Sold Price
$900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$506,000
Interest Rate
2.75%

Purchase Details

Closed on
May 5, 2005
Sold by
Salisbury John E and Salisbury Diane L
Bought by
Johansson Ola J and Johansson Kristine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5%

Purchase Details

Closed on
Aug 15, 2003
Sold by
Salisbury John E and Salisbury Diane L
Bought by
Salisbury John E and Salisbury Diane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.46%

Purchase Details

Closed on
Mar 12, 1998
Sold by
Potashnick Barry M and Potashnick Jane E
Bought by
Salisbury John E and Eng Diane Larae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.02%

Purchase Details

Closed on
Mar 24, 1994
Sold by
Sherrow Bert A and Sherrow Alberta F
Bought by
Potashnick Barry M and Potashnick Jane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.25%
Source: Public Records

Range of Values:

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Average Value
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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
Enge Craig Stephen $1,250,000 First American
Lee Philip S $900,000 Rainier Title
Johansson Ola J $949,000 --
Salisbury John E -- Lawyers Title
Salisbury John E $550,000 Evergreen Title Company Inc
Potashnick Barry M $460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Enge Craig Stephen $250,000
Open Enge Craig Stephen $900,000
Previous Owner Lee Philip S $506,000
Previous Owner Johansson Ola J $567,500
Previous Owner Johansson Ola J $650,000
Previous Owner Salisbury John E $322,700
Previous Owner Salisbury John E $440,000
Previous Owner Potashnick Barry M $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2016 06/14/16 Sold $1,250,000 +4.2% $461 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $1,200,000 +33.3% $443 / Sq Ft
05/01/2013 05/01/13 Sold $900,000 0.0% $332 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
02/19/2013 02/19/13 For Sale $900,000 -- $332 / 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 $13,349 $2,037,000 $1,260,000 $777,000
2023 $13,180 $1,913,000 $1,189,000 $724,000
2022 $11,490 $2,140,000 $1,338,000 $802,000
2021 $11,031 $1,559,000 $1,102,000 $457,000
2020 $10,871 $1,377,000 $1,050,000 $327,000
2018 $10,548 $1,346,000 $794,000 $552,000
2017 $8,911 $1,215,000 $718,000 $497,000
2016 $8,290 $1,094,000 $657,000 $437,000
2015 $7,993 $991,000 $595,000 $396,000
2014 -- $913,000 $550,000 $363,000
2013 -- $778,000 $577,000 $201,000
Source: Public Records

Agents Affiliated with this Home

  • Brooks Beaupain

    Buyer's Agent in 2016

    Brooks Beaupain

    Windermere Corporate

    (206) 778-4663

    68 Total Sales

    Brooks Beaupain
    Section Image
  • Loren Chotzen

    Seller's Agent in 2013

    Loren Chotzen

    The Landmark Group

    (206) 948-7616

    14 Total Sales

    Loren Chotzen
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM933478

Northwest Multiple Listing Service (NWMLS)

APN: 667290-0410

Washington King County Mercer Island 98040 Parkwood - Mercer Firs

8905 SE 56th St, Mercer Island, WA

This home is located at 8905 SE 56th St, Mercer Island, WA 98040 since 04 May 2016 and is currently estimated at $2,569,602, approximately $948 per square foot. This property was built in 1963. 8905 SE 56th St is a home located in King County with nearby schools including Island Park Elementary School, Islander Middle School, and Mercer Island High School.

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Based on information submitted to the MLS GRID

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