Listed by Lamb Real Estate, Bought with Windermere Mercer Island
NOT LISTED FOR SALE

Estimated Value: $3,975,000 - $4,838,000

5 Beds
4.5 Baths
5,113 Sq Ft
$851/Sq Ft Est. Value

Last Sold July 13, 2020

Last sale price $3,188,888 $624 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $25,099/month

85 Days on Market

Highlights

  • Lake View
  • Craftsman Architecture
  • Deck
  • Lakeridge Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

As of July 2020

Highly coveted South End Mercer Island home with stunning 180 degree views of Lake Washington. Bright, sunny, south facing (Sunscore: 61.99) home featuring luxurious design & craftsmanship. Modern comforts exhibited by main floor guest suite, professional kitchen, main & 2nd floor laundry, elevator access & over-sized 5 car garage. Enjoy bald eagles, views of Mount Rainier and lake sunrises. Walk to nearby parks, hiking trails, athletic clubs and grocery/retail. Minutes to Seattle and Bellevue.

Last Agent to Sell the Property

Ericka Hardwick

Lamb Real Estate License #26967 Listed on: 03/19/2020

Last Buyer's Agent

Yvonne Willard

Windermere Mercer Island License #129993

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1580468

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,307

Year Built

  • Built in 2006

Lot Details

  • 0.36 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Property is in very good condition

Parking

  • 5 Car Attached Garage

Property Views

  • Lake
  • City
  • Territorial

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 5,113 Sq Ft Home
  • Multi-Level Property
  • Central Vacuum
  • 3 Fireplaces
  • French Doors
  • Dining Room

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Hydromassage or Jetted Bathtub

Home Security

  • Home Security System
  • Storm Windows

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Deck
  • Patio

Schools

  • Lakeridge Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Natural Gas Connected
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • Built by Lakeville Homes
  • Mercer Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3024059223

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,307

Year Built

Built in 2006

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 15 - Multi Level
  • Accessibility Features: Accessible Elevator Installed
  • Year Built: 2006
  • Inclusions: Dishwasher,DoubleOven,GarbageDisposal,Microwave,RangeOven,Refrigerator
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 5113
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 3
  • Appliances: Double Oven
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Bath Off Primary, Built-In Vacuum, Double Pane/Storm Window, Dining Room, Elevator, Fireplace (Primary Bedroom), French Doors, High Tech Cabling, Jetted Tub, Security System, Water Heater
  • Living Area: 5113
  • Main Level Bedrooms: 1
  • Bathrooms: 4.5
  • BathsFullMain: 1
  • FireplacesMain: 2
  • SquareFootageFinished: 5113
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 3
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher,Double Oven,Garbage Disposal,Microwave,Range/Oven,Refrigerator
  • FireplacesUpper: 1

Exterior Features

  • Roof: Composition
  • View: City, Lake, Territorial
  • Lot Features: Dead End Street
  • View: Yes
  • Waterfront: No
  • Builder Name: Lakeville Homes
  • Exterior Features: Stone, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Open Parking: No
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Security System, Fully Fenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 3024059223
  • Topography: Level,PartialSlope,Terraces
  • Lot Size Acres: 0.3591
  • Lot Size: Irregular
  • Lot Size Sq Ft: 15641
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: King County Records
  • MLSSquareFootageSource: Appraisal
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2019
  • Tax Annual Amount: 19307

MLS Schools

  • Elementary School: Lakeridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2020
Closed on
Jul 11, 2020
Sold by
Teng Bing Y and Teng Kathryn Mj
Bought by
Lau Chi Man and Ngai Queenie Man
Seller's Agent
Ericka Hardwick
Lamb Real Estate
Buyer's Agent
Yvonne Willard
Windermere Mercer Island
List Price
$3,395,000
Sold Price
$3,188,888
Premium/Discount to List
-$206,112
-6.07%
Current Estimated Value
$4,348,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,159,836
Avg. Annual Appreciation
6.27%
Original Mortgage
$1,500,000
Outstanding Balance
$1,333,062
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$3,045,401

Purchase Details

Closed on
Oct 30, 2007
Sold by
71St St Llc
Bought by
Teng Bing Y and Teng Kathryn Mj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2005
Sold by
Elder David M and Elder Theresa D
Bought by
71St St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2003
Sold by
Smith Hui Chen
Bought by
Elder David M and Elder Theresa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.85%

Purchase Details

Closed on
Jun 8, 2000
Sold by
Smith William L
Bought by
Smith Hui Chen

Purchase Details

Closed on
Dec 16, 1994
Sold by
Rice David Richard and Rice Miriam Ann
Bought by
Smith William L and Smith Hui Chen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
9.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lau Chi Man $3,188,888 Wfg Natl Ttl Co Of Wa Llc
Teng Bing Y $2,525,000 Chicago Title
71St St Llc $671,500 Transnation Ti
Elder David M $455,000 Chicago Title
Smith Hui Chen -- --
Smith William L $232,500 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Chi Man $1,500,000
Previous Owner Teng Bing Y $800,000
Previous Owner 71St St Llc $525,000
Previous Owner Elder David M $200,000
Previous Owner Smith William L $72,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2020 07/13/20 Sold $3,188,888 -6.1% $624 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $3,395,000 -- $664 / 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 $24,513 $3,743,000 $1,546,000 $2,197,000
2023 $24,112 $3,515,000 $1,459,000 $2,056,000
2022 $21,637 $3,931,000 $1,642,000 $2,289,000
2021 $20,766 $2,938,000 $1,352,000 $1,586,000
2020 $20,729 $2,594,000 $1,288,000 $1,306,000
2018 $20,112 $2,569,000 $1,039,000 $1,530,000
2017 $17,557 $2,318,000 $940,000 $1,378,000
2016 $16,334 $2,157,000 $860,000 $1,297,000
2015 $15,738 $1,954,000 $779,000 $1,175,000
2014 -- $1,799,000 $720,000 $1,079,000
2013 -- $1,921,000 $673,000 $1,248,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1580468

Northwest Multiple Listing Service (NWMLS)

APN: 302405-9223