NOT LISTED FOR SALE

Estimated Value: $2,734,242 - $3,099,000

4 Beds
1 Bath
3,258 Sq Ft
$889/Sq Ft Est. Value

Last Sold July 15, 2016

Last sale price $1,873,000 $575 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $16,609/month

5 Days on Market

Highlights

  • Waterfront Community
  • Docks
  • Lake View
  • Island Park Elementary School Rated A
  • RV Access or Parking
  • Deck

About This Home

As of July 2016

Welcome home to life on the water, the Mercer Island Beach House! A fantastic shared waterfront home with level beach, gazebo, new dock and year round boat moorage. A thoughtfully updated 3,258sf residence with four bedrooms & three bathrooms features views of Lake Washington. Remodeled kitchen includes Viking oven, refrigerator, gas cooktop & granite counters. Enviable mid-island neighborhood enjoys easy access with no steep driveways to contend with and level access to the water.

Last Agent to Sell the Property

Scott Richards

Windermere Real Estate/East License #17884 Listed on: 06/06/2016

Windermere Real Estate/East

Last Buyer's Agent

Andrea Iverson

Windermere Mercer Island License #74522

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM952941

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,965

Year Built

  • Built in 1972

Lot Details

  • Street terminates at a dead end
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Property Views

  • Lake
  • Mountain

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1922000040

Community Details

Overview

  • Mid Island Community

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,965

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, French Doors, Skylights, Vaulted Ceilings, Walk In Pantry
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Garbage Disposal, Microwave, Range/Oven
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 3
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Lower
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Dining Room: Main
  • Family Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3258
  • Square Footage Finished: 3258

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Mountain
  • Waterfront: Lake
  • Waterfront Frontage: Community Shared

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: Utility Room-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mid Island
  • Project: Mercer Island Shared Waterfront
  • Community Features: Community Waterfront/Pvt Beach

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Isler Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 12987
  • Lot Topography Vegetation: Level, Terraces
  • Parcel Number: 1922000040
  • Zoning Jurisdiction: City
  • Lot Topography: Level, Terraces

Tax Info

  • Tax Amount: 10312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2016
Closed on
Jul 7, 2016
Sold by
Richards James Scott and Richards Jennifer J
Bought by
Newman Lorraine K and Newman Kevin P
Seller's Agent
Scott Richards
Windermere Real Estate/East
Buyer's Agent
Andrea Iverson
Windermere Mercer Island
List Price
$1,799,950
Sold Price
$1,873,000
Premium/Discount to List
$73,050
4.06%
Current Estimated Value
$2,897,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,024,561
Avg. Annual Appreciation
4.72%
Original Mortgage
$1,480,000
Outstanding Balance
$1,200,210
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$1,665,079

Purchase Details

Closed on
Jul 25, 2008
Sold by
Delvalle William David and Delvalle Gail N
Bought by
Richards James Scott and Richards Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,087,500
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 1996
Sold by
Delvalle W David and Delvalle Gail N
Bought by
Delvalle William David and Delvalle Gail N
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
Newman Lorraine K $1,873,000 Chicago Title
Richards James Scott $1,599,950 Commonwealth L
Delvalle William David -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newman Lorraine K $1,480,000
Previous Owner Richards James Scott $1,087,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2016 07/15/16 Sold $1,873,000 +4.1% $575 / Sq Ft
06/12/2016 06/12/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $1,799,950 -- $552 / 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 $14,965 $2,284,000 $1,417,000 $867,000
2023 $14,776 $2,145,000 $1,337,000 $808,000
2022 $12,881 $2,399,000 $1,505,000 $894,000
2021 $12,367 $1,748,000 $1,239,000 $509,000
2020 $12,797 $1,544,000 $1,180,000 $364,000
2018 $13,288 $1,585,000 $1,191,000 $394,000
2017 $11,221 $1,531,000 $1,077,000 $454,000
2016 $10,312 $1,378,000 $985,000 $393,000
2015 $9,759 $1,233,000 $892,000 $341,000
2014 -- $1,115,000 $825,000 $290,000
2013 -- $1,023,000 $736,000 $287,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM952941

Northwest Multiple Listing Service (NWMLS)

APN: 192200-0040