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

Estimated Value: $5,869,000 - $7,342,000

4 Beds
2 Baths
5,290 Sq Ft
$1,278/Sq Ft Est. Value

Last Sold January 11, 2019

Last sale price $4,700,000 $888 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $38,970/month

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Deck
  • Lakeridge Elementary School Rated A
  • Lake View
  • Contemporary Architecture

About This Home

As of January 2019

Stunning Contemporary home with low bank waterfront, private dock, lush gardens and minutes to south end shopping, schools and parks. Light and bright, remodeled and executed to perfection with versatile living spaces and wide open views of the lake from all levels.

Last Agent to Sell the Property

Jane Potashnick

Coldwell Banker Bain License #38566 Listed on: 01/11/2019

Coldwell Banker Bain

Co-Listed By

Robert Potashnick

Ewing & Clark, Inc. License #1925

Last Buyer's Agent

Kenneth Urman

Coldwell Banker Bain License #106715

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1400808

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,411

Year Built

  • Built in 2010

Lot Details

  • Low Bank Waterfront Property
  • Terraced Lot
  • Wooded Lot
  • Garden

Parking

  • Attached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2 Bathrooms
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Concrete
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • South End Community

Listing and Financial Details

  • Assessor Parcel Number 2579500045

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,411

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2010
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wired For Generator, Bath Off Master, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, High Tech Cabling, Security System, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Concrete, Hardwood
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 1
  • Bathrooms: 4.00
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Basement: Fully Finished
  • Den or Office: Upper
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 5290
  • Square Footage Finished: 5290

Exterior Features

  • Exterior: Cement Planked, Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Lake, Mountain
  • Waterfront: Bank-Low
  • Waterfront Frontage: 65

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Tankless Water Heater
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: garage lower level-gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: South End

Schools

  • Elementary School: Lakeridge Elem
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Sq Ft: 15333
  • Lot Topography Vegetation: Garden Space, Partial Slope, Sloped, Terraces, Wooded
  • Parcel Number: 2579500045
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Partial Slope, Sloped, Terraces, Wooded

Tax Info

  • Tax Amount: 32368

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2019
Closed on
Jan 4, 2019
Sold by
Brumme Kathryn L and Brumme Frt
Bought by
Zhao Shulai and Wang Wen
Seller's Agent
Jane Potashnick
Coldwell Banker Bain
Buyer's Agent
Kenneth Urman
Coldwell Banker Bain
List Price
$4,700,000
Sold Price
$4,700,000
Current Estimated Value
$6,762,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,062,129
Avg. Annual Appreciation
4.41%
Original Mortgage
$1,500,000
Outstanding Balance
$1,350,458
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,930,922

Purchase Details

Closed on
Jan 24, 2017
Sold by
Brumme Christopher and Brumme Kathryn
Bought by
Brumme Christopher W and Brumme Kathryn L

Purchase Details

Closed on
Oct 2, 1997
Sold by
Struck George H and Struck Dorothy C
Bought by
Brumme Christopher and Brumme Kathryn

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
7.54%

Purchase Details

Closed on
Oct 6, 1993
Sold by
Struck George H and Struck Dorothy C
Bought by
Struck George H and Struck Dorothy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.94%
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
Zhao Shulai $4,700,000 Rainier Title
Brumme Christopher W -- None Available
Brumme Christopher $948,000 Chicago Title Ins Co
Struck George H -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Shulai $1,500,000
Previous Owner Brumme Christopher $650,000
Previous Owner Struck George H $186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2019 01/11/19 Sold $4,700,000 0.0% $888 / Sq Ft
01/11/2019 01/11/19 For Sale $4,700,000 -- $888 / 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 $37,411 $5,714,000 $2,625,000 $3,089,000
2023 $36,936 $5,366,000 $2,477,000 $2,889,000
2022 $33,021 $6,001,000 $2,787,000 $3,214,000
2021 $31,692 $4,485,000 $2,294,000 $2,191,000
2020 $34,054 $3,960,000 $2,185,000 $1,775,000
2018 $37,081 $4,429,000 $1,820,000 $2,609,000
2017 $32,368 $4,275,000 $1,750,000 $2,525,000
2016 $30,108 $3,978,000 $1,600,000 $2,378,000
2015 $29,007 $3,603,000 $1,448,000 $2,155,000
2014 -- $3,317,000 $1,339,000 $1,978,000
2013 -- $2,543,000 $1,406,000 $1,137,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1400808

Northwest Multiple Listing Service (NWMLS)

APN: 257950-0045