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

Estimated Value: $3,331,000 - $3,593,024

5 Beds
4.5 Baths
3,826 Sq Ft
$911/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $3,875,000 $1,013 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $19,654/month

13 Days on Market

Highlights

  • New Construction
  • Craftsman Architecture
  • Engineered Wood Flooring
  • Island Park Elementary School Rated A+
  • Vaulted Ceiling
  • 2 Fireplaces

About This Home

As of May 2022

MN Custom Homes presents a Modern Craftsman on convenient Mercer Island. MN's only Mercer Island home in 2022. Living spaces include: great room, outdoor covered living area w/fireplace & spacious upper-floor bonus room perfect for entertaining. Chef’s kitchen overlooks the great room & yard. Spa quality primary retreat with 5 piece bath. Main level guest suite. Dedicated work from home office. Ceiling heights of 10’ on main & 9’ upstairs. Private, spacious yard. 3 car wide garage. Proximity to DT MI, Schools, Bellevue, Seattle, & I-90.

Last Agent to Sell the Property

Brad Cahill

Real Residential License #74755 Listed on: 04/07/2022

Co-Listed By

Steven Curran

Real Residential License #25594

Last Buyer's Agent

Michael Fleming

Windermere Mercer Island License #25921

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1911913

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,248

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property
  • Sprinkler System
  • Property is in very good condition

Parking

  • 3 Car Attached Garage

Home Design

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

Interior Spaces

  • 3,826 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Dining Room
  • Limited Views
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Island Park Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Central Air
  • Water Heater
  • High Tech Cabling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by MN Custom Homes
  • Mercer Island Subdivision
  • Electric Vehicle Charging Station

Listing and Financial Details

  • Assessor Parcel Number 8650900045

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,248

Year Built

Built in 2022 | New Construction

Lot Details

0.26 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2022
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Unit Levels: Two
  • New Construction: Yes
  • CalculatedSquareFootage: 3826
  • SeniorExemption: false
  • NewConstruction: Completed
  • Special Features: 4098

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Engineered Hardwood, Carpet
  • Interior Amenities: High Efficiency - 90%+, Central A/C, Ceramic Tile, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Dining Room, High Tech Cabling, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
  • Living Area: 3826
  • Main Level Bedrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 3826
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: Partial
  • View: Yes
  • Waterfront: No
  • Builder Name: MN Custom Homes
  • Exterior Features: Wood, Wood Products
  • 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: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • HeatingCoolingType: 90%+ High Efficiency,Central A/C
  • PowerCompany: PSE
  • SewerCompany: Mercer Island
  • WaterCompany: Mercer Island
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 8650900045
  • Land Lease: No
  • Lot Size Acres: 0.2579
  • Lot Size Sq Ft: 11235
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Electric Car Charging,Fenced-Partially,Gas Available,Irrigation,Patio,Sprinkler System
  • MLSLotSizeSource: Tax Records

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9248

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Island Park Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 9, 2022
Sold by
Home Project 232 Llc
Bought by
Mahyar Hooman and Mahyar Lauren
Seller's Agent
Brad Cahill
Real Residential
Buyer's Agent
Michael Fleming
Windermere Mercer Island
List Price
$3,998,000
Sold Price
$3,875,000
Premium/Discount to List
-$123,000
-3.08%
Current Estimated Value
$3,484,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$390,494
Avg. Annual Appreciation
-2.76%
Original Mortgage
$2,712,500
Outstanding Balance
$2,564,168
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$920,338

Purchase Details

Listed on
Oct 8, 2020
Closed on
Oct 1, 2020
Sold by
Cheifetz Michael A and Cheifetz Michael A
Bought by
Home Project 232 Llc
Seller's Agent
Greg Rosenwald
COMPASS
Buyer's Agent
Kevin Ruedi
Real Residential
List Price
$1,120,000
Sold Price
$1,120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
116.18%
Original Mortgage
$2,000,000
Interest Rate
2.9%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Nov 16, 1993
Sold by
Lampe James B and Lampe Jane H
Bought by
Cheifetz Michael A and Cheifetz Diane Topp

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
6.42%

Purchase Details

Closed on
Sep 21, 1992
Sold by
Fowler Marian Audrey
Bought by
Lampe James B and Lampe Jane H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Mahyar Hooman $3,875,000 Chicago Title
Home Project 232 Llc $1,120,000 Chicago Title
Cheifetz Michael A $340,000 Chicago Title Insurance Comp
Lampe James B $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahyar Hooman $2,712,500
Previous Owner Home Project 232 Llc $2,000,000
Previous Owner Cheifetz Michael A $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2022 05/19/22 Sold $3,875,000 -3.1% $1,013 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $3,998,000 +257.0% $1,045 / Sq Ft
10/08/2020 10/08/20 Sold $1,120,000 0.0% $502 / Sq Ft View Prior Sale
10/08/2020 10/08/20 For Sale $1,120,000 -- $502 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $20,652 $3,153,000 $1,170,000 $1,983,000
2023 $22,181 $2,961,000 $1,104,000 $1,857,000
2022 $7,545 $3,616,000 $1,242,000 $2,374,000
2021 $9,248 $1,023,000 $1,023,000 $0
2020 $9,513 $1,154,000 $975,000 $179,000
2018 $9,230 $1,178,000 $794,000 $384,000
2017 $8,057 $1,063,000 $718,000 $345,000
2016 $7,497 $989,000 $657,000 $332,000
2015 $7,224 $896,000 $595,000 $301,000
2014 -- $825,000 $550,000 $275,000
2013 -- $645,000 $538,000 $107,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1911913

Northwest Multiple Listing Service (NWMLS)

APN: 865090-0045

Your Personal Tour Guide

Ask me questions while you tour the home.