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7649 East Mercer Way

7649 East Mercer Way, Mercer Island, WA 98040
Property in King
Sold Jul 16, 2014
$1,195,000
$956,000 by Wells Fargo Bank Na
Mortgage Due Aug 09, 2044
Sold Jul 15, 2005
$777,000
$621,600 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2035
Local assessors in Mercer Island, WA have categorized 7649 East Mercer Way as a residential type of property. The home was built in 1952 and is 72 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 18,129 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7649 East Mercer Way has a total of 3,420 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 880 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jul 3, 2014 for $1,195,000. That's $349.42 per sqft. Prior to that sales transaction, the property was also sold in Jul 12, 2005 for $777,000. 7649 East Mercer Way was last assessed in 2023. The total value of the property was assessed at $2,035,000. Specifically, the land the property is located on was valued at $1,144,000. While improvements on the property were assessed at a total of $891,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $14,019. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 880
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 18,129
  • Total Building Area: 3,420
  • Gross Building Area: 3,420
  • Building Area: 3,420
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,420
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.416
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BAAP ON WLY LN OF E MERCER WAY S 00-56-46 E 593.5 FT FR N LN OF GL 6 TH S 89-45-46 W 161.44 FT TH N 00-56-46 W 100 FT TH N 89-45-46 E 203.02 FT TO WLY LN OF E MERCER WAY TH SWLY ALG SD LN TO BEG

Ownership

  • Current Owner : COMBS JOHN MATTHEW
  • Current Owner 2: COMBS KARIN HSING
  • Previous Owner : WEIL WAYNE M
  • Previous Owner 2: WEIL NANCY
  • Owner Before Previous Owner: FITE WILLIAM P
  • Owner Before Previous Owner 2: FITE JANE K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mercer Island School District
  • Census Tract: 024602

Zoning

  • Zoning: R-9.6

Geography

  • Account Number: 302405912601
  • District: MERCER ISLAN
  • Parcel: 302405-9126
  • Block: 126
  • Lot: 302405
  • Meridian: SEC 30 TWN 24 RNG 05
  • Municipality: MERCER ISLAND
  • Latitude: 47.5333
  • Longitude: -122.217

    Address

  • Full Address: 7649 E Mercer Way
  • Address - House Number: 7649
  • Street Direction: E
  • Address - Street Name: Mercer
  • Address - Suffix Type: Way
  • State: WA
  • City Name: Mercer Island
  • Carrier Code: C020
  • 4-Digit Zip Code: 5822
  • Zip Code: 98040

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $14,019
  • Tax Rate Code Area: 1031

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 2,505,314
  • High Value: 2,909,976
  • Low Value: 2,100,652

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $956,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 16, 2014
  • First Open Lien Mortgage Loan Amount: $956,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 09, 2044

    Market Valuation

  • Market Total Value: $2,035,000
  • Market Land Value: $1,144,000
  • Market Improvement Value: $891,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,035,000
  • Assessed Land Value: $1,144,000
  • Assessed Improvements Value: $891,000

    Sales

  • Current Sale Contract Date: Jul 03, 2014
  • Current Sale Recording Date: Jul 16, 2014
  • Current Sale Transaction ID: 1128487686
  • Current Sale Price: $1,195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20140716001143
  • Previous Sale Recording Date: Jul 15, 2005
  • Previous Sale Contract Date: Jul 12, 2005
  • Previous Sale Amount: $777,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 16, 2014
  • First Mortgage Loan Amount: $956,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 09, 2044

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 15, 2005
  • Previous Mortgage Loan Amount: $621,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Aug 01, 2035

About Mercer Island



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Frequently Asked Questions

What neighborhood is 7649 East Mercer Way located in?
The 7649 East Mercer Way is a located in the neighborhood of King in Mercer Island, Mercer Island.
What is the average sales price for listings in 7649 East Mercer Way?
The average sales price for units in 7649 East Mercer Way is $0 currently.

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