NOT LISTED FOR SALE

8938 SE 56th St Mercer Island, WA 98040

Parkwood - Mercer Firs Neighborhood

Estimated Value: $1,761,000 - $2,382,000

4 Beds
3 Baths
2,850 Sq Ft
$778/Sq Ft Est. Value

Last Sold December 16, 2013

Last sale price $875,000 $307 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $13,459/month

19 Days on Market

About This Home

As of December 2013

Classic single level home in the heart of Parkwood Estates, one of Mercer Island's most sought after neighborhoods. Exceptional mid-island location and wonderful spacious floor plan. First time on the market in over 50 years! Great walking community near schools & parks with easy commute to Seattle and the Eastside. Sweeping elegant driveway will lead you to this home that features 4 generous sized BR, 2.25 BA, large family room off the kitchen plus a huge recreation room with vaulted ceiling.

Last Agent to Sell the Property

Gerald Chew

Coldwell Banker Bain License #52391 Listed on: 10/29/2013

Coldwell Banker Bain

Last Buyer's Agent

Peggy Watkins

Coldwell Banker Bain License #37666

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM560636

Northwest Multiple Listing Service (NWMLS)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2013
Closed on
Dec 9, 2013
Sold by
Maeser David S
Bought by
Keller Paul T
Seller's Agent
Gerald Chew
Coldwell Banker Bain
Buyer's Agent
Peggy Watkins
Coldwell Banker Bain
List Price
$930,000
Sold Price
$875,000
Premium/Discount to List
-$55,000
-5.91%
Total Days on Market
19
Current Estimated Value
$2,216,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,341,696
Avg. Annual Appreciation
8.42%

Purchase Details

Closed on
Jul 29, 2006
Sold by
Maeser Sherwin Mcquarrie
Bought by
Maeser Sherwin Mcquarrie and Rae Jean Maeser Family Trust

Purchase Details

Closed on
Nov 22, 1996
Sold by
Maeser Sherwin M and Maeser Rae Jean
Bought by
Maeser Sherwin M and Maeser Rae Jean
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Keller Paul T $875,000 Chicago Title
Maeser Sherwin Mcquarrie -- None Available
Maeser Sherwin Mcquarrie -- None Available
Maeser Sherwin M -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2013 12/16/13 Sold $875,000 0.0% $307 / Sq Ft
11/18/2013 11/18/13 Pending -- -- --
11/13/2013 11/13/13 Price Changed $875,000 -5.9% $307 / Sq Ft
10/29/2013 10/29/13 For Sale $930,000 -- $326 / 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 $12,898 $1,968,000 $1,260,000 $708,000
2023 $12,694 $1,849,000 $1,189,000 $660,000
2022 $11,394 $2,068,000 $1,338,000 $730,000
2021 $10,935 $1,546,000 $1,102,000 $444,000
2020 $10,681 $1,365,000 $1,050,000 $315,000
2018 $10,366 $1,323,000 $794,000 $529,000
2017 $8,756 $1,194,000 $718,000 $476,000
2016 $8,148 $1,075,000 $657,000 $418,000
2015 $7,853 $974,000 $595,000 $379,000
2014 -- $897,000 $550,000 $347,000
2013 -- $849,000 $577,000 $272,000
Source: Public Records

Agents Affiliated with this Home

  • Gerald Chew

    Seller's Agent in 2013

    Gerald Chew

    Coldwell Banker Bain

    (206) 679-9294

    28 Total Sales

    Gerald Chew
    Section Image
  • Peggy Watkins

    Buyer's Agent in 2013

    Peggy Watkins

    Coldwell Banker Bain

    (206) 679-5444

    22 Total Sales

    Peggy Watkins
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM560636

Northwest Multiple Listing Service (NWMLS)

APN: 667290-0390

Washington King County Mercer Island 98040 Parkwood - Mercer Firs

8938 SE 56th St, Mercer Island, WA

This home is located at 8938 SE 56th St, Mercer Island, WA 98040 since 29 October 2013 and is currently estimated at $2,216,696, approximately $777 per square foot. This property was built in 1961. 8938 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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