Listed by Coldwell Banker Bain, Bought with COMPASS
NOT LISTED FOR SALE

8916 N Mercer Way Mercer Island, WA 98040

North Mercer Neighborhood

Estimated Value: $5,807,000 - $8,959,352

4 Beds
3 Baths
4,164 Sq Ft
$1,894/Sq Ft Est. Value

Last Sold October 04, 2013

Last sale price $2,148,000 $516 Per Sq Ft

Est. 267% increase in value since last sale

Current estimated payment $45,417/month

38 Days on Market

About This Home

As of October 2013

Relax at the lake sunrise to sunset - 180 degree views to Luther Burbank Park & beyond, 50' of waterfront w/private dock. Spacious decks embrace the home for outdoor enjoyment w/an adventure down to the lakeside at each level. The gated entry opens to fabulous parking for this 4BR/2.5BA home w/a flexible flr plan incl open living/dining, eat-in kitchen, office & rec rm. Vaulted garage, workshop, separate studio/ADU w/all amenities. Street to water 16,637 sf lot. Enjoy as is, remodel or rebuild.

Last Agent to Sell the Property

Molly Penny

Coldwell Banker Bain License #38547 Listed on: 07/19/2013

Coldwell Banker Bain

Co-Listed By

Katie Penny Shea

Coldwell Banker Bain License #89745

Last Buyer's Agent

Tere Foster

COMPASS License #7690

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM519776

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$49,687

Year Built

1965

Lot Details

0

Listing Details

  • Form 17: Not Provided
  • Special Features: None
  • Year Built: 1965

Interior Features

  • Appliances: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplaces: 2
  • Basement: Daylight, Fully Finished
  • Features: 2nd Kitchen, Bath Off Master, Dining Room, High Tech Cabling, Skylights
  • Fireplaces: 2
  • Floor: Ceramic Tile, Hardwood, Slate, Vinyl, Wall to Wall Carpet
  • Water Heater Location: Utility room-Gas

Exterior Features

  • Roof: Tile
  • Exterior: Wood
  • Lot Details: Paved Street
  • Roof: Tile
  • Site Features: Cable TV, Deck, Dock, Dog Run, Full Fence, Natural Gas Available, Gated Entry, High Speed Internet, Hot Tub/Spa, Moorage, Patio, Shop
  • View: City, Lake, Mountain
  • Waterfront: Medium Bank, Lake
  • Lot Topography: Sloped, Terraces

Garage/Parking

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

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Appliances: Dishwasher, Dryer, Garbage Disposal, 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

Listed on
Jul 19, 2013
Closed on
Oct 3, 2013
Sold by
Fitzwilson Kevin M and Fitzwilson Andrea C
Bought by
Tam Stephen and Micu Tonie Lou
Seller's Agent
Molly Penny
Coldwell Banker Bain
Buyer's Agent
Tere Foster
COMPASS
List Price
$2,198,000
Sold Price
$2,148,000
Premium/Discount to List
-$50,000
-2.27%
Current Estimated Value
$7,885,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,737,784
Avg. Annual Appreciation
11.38%
Original Mortgage
$1,718,400
Outstanding Balance
$1,225,916
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$6,659,868

Purchase Details

Closed on
Apr 20, 2005
Sold by
Hostvedt David P
Bought by
Fitzwilson Kevin M and Fitzwilson Andrea C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,950
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 1998
Sold by
Hostvedt Etta Ruth
Bought by
Hostvedt David P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 24, 1997
Sold by
Hostvedt Etta Ruth
Bought by
Hosvedt David P and Hostvedt Etta Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.62%

Purchase Details

Closed on
Jun 7, 1996
Sold by
Hostvedt Etta Ruth and Hostvedt Lawrence J
Bought by
Hostvedt Etta Ruth
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
Tam Stephen $2,148,000 Chicago Title
Fitzwilson Kevin M $1,719,000 Transnation Ti
Hostvedt David P $300,000 --
Hosvedt David P $56,580 --
Hostvedt Etta Ruth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tam Stephen $1,718,400
Previous Owner Fitzwilson Kevin M $999,950
Previous Owner Hostvedt David P $300,000
Previous Owner Hosvedt David P $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2013 10/04/13 Sold $2,148,000 -2.3% $516 / Sq Ft
08/26/2013 08/26/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $2,198,000 -- $528 / 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 $49,687 $7,590,000 $2,622,000 $4,968,000
2023 $52,299 $7,128,000 $2,474,000 $4,654,000
2022 $46,929 $8,530,000 $2,783,000 $5,747,000
2021 $45,042 $6,375,000 $2,291,000 $4,084,000
2020 $51,364 $5,629,000 $2,182,000 $3,447,000
2018 $53,833 $6,455,000 $1,935,000 $4,520,000
2017 $26,748 $6,207,000 $1,861,000 $4,346,000
2016 $13,837 $3,287,000 $1,702,000 $1,585,000
2015 $14,846 $1,655,000 $1,541,000 $114,000
2014 -- $1,697,000 $1,425,000 $272,000
2013 -- $1,609,000 $1,511,000 $98,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Molly Penny

    Coldwell Banker Bain

    Section Image
  • Katie Penny Shea

    Seller Co-Listing Agent in 2013

    Katie Penny Shea

    Coldwell Banker Bain

    (206) 755-5051

    3 in this area

    66 Total Sales

    Katie Penny Shea
    Section Image
  • Tere Foster

    Buyer's Agent in 2013

    Tere Foster

    COMPASS

    (425) 637-8373

    5 in this area

    390 Total Sales

    Tere Foster
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM519776

Northwest Multiple Listing Service (NWMLS)

APN: 810610-0170

Washington King County Mercer Island 98040 North Mercer

8916 N Mercer Way, Mercer Island, WA

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Based on information submitted to the MLS GRID

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