Listing CMA

Page 1

Prepared exclusively for:

Winston and Molly Wang 7934 Lakeview Ln

Mercer Island, WA 98040

Date: March 15, 2024

Prepared by: Gottesman Chapin Group

Engel and Voelkers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

Map of Comparable Listings

Gottesman

GottesmanChapinGroup@evrealestate.com

STATUS: S = SOLD A = ACTIVE MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 1 Subject Subject 7934 Lak Lakeeview Ln view 4 3.00 3,6902 2148723 S S 7227 93rd Avenue SE 5 4.25 4,180 $3,526,250 3 2189543 S S 8425 SE 39th Street 6 4.25 3,980 $3,250,000 4 2168263 S S 7880 80th Place SE 4 3.25 3,840 $3,300,000 5 2153361 S S 6515 SE 30th Street 5 3.50 3,595 $3,565,000 6 2201728 A 5055 W Mercer Way 5 4.25 4,135 $3,250,000 7 2195583 A 9523 SE 68th Street 5 3.50 4,010 $3,600,000 8 2195825 A 8454 SE 44th Street 5 4.00 3,960 $3,250,000 9 2162244 A 3633 90th Avenue SE 4 3.75 3,270 $3,450,000 10 2156694 A 5045 88th Avenue SE 4 3.50 6,590 $3,688,000
V
oelkers ers
898-2505 &
Chapin Group Chapin Group Engel and
and Voelk
(206)
(206) 948-9153

Summary of Comparable Properties

S SOLD LISTINGS

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

ADDRESS SOLD DATE BEDS BATHS SQFT SOLD PRICE $/SQ.FT 7227 93rd Avenue SE 1/4/24 5 4.25 4,180 $3,526,250 $844 8425 SE 39th Street 2/8/24 6 4.25 3,980 $3,250,000 $817 7880 80th Place SE 12/8/23 4 3.25 3,840 $3,300,000 $859 6515 SE 30th Street 10/18/23 5 3.50 3,595 $3,565,000 $992 A Avverages erages 3,898 3,898 $3, $3,410,312 410,312 $87 $878 8 A ACTIVE LISTINGS ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT 5055 W Mercer Way - 5 4.25 4,135 $3,250,000 $786 9523 SE 68th Street - 5 3.50 4,010 $3,600,000 $898 8454 SE 44th Street - 5 4.00 3,960 $3,250,000 $821 3633 90th Avenue SE - 4 3.75 3,270 $3,450,000 $1,055 5045 88th Avenue SE - 4 3.50 6,590 $3,688,000 $560 A Avverages erages 4,393 4,393 $3, $3,447447,600 ,600 $824

7227 93rd Avenue SE Mercer Island, 98040

Details

Prop T Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

Subdivision: Subdivision: South End

Style: Style: 12 - 2 Story

F Full baths: ull baths: 3.0

Features

Appliances Included:

Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

Basement Basement: : None

Building Inf Building Information: ormation: Built On

Lot

Ener Energy Source: gy Source: Electric, Natural Gas

Exterior: Exterior: Cement Planked, Wood, Wood Products

3/4 Baths: 3/4 1.0

Half baths: Half baths: 1.0

A Acres: cres: 0.24018456

Lot Size (sqft Lot Size (sqft): ): 10,461

Garages: Garages: 3

List date: List date: 8/9/23

Financing Financing: : Conventional

Floor Co Covvering ering: : Ceramic Tile, Engineered Hardwood, Wall to Wall Carpet

F Foundation: oundation: Poured Concrete

Interior F Interior Features: eatures: Bath Off Primary, Dbl Pane/Storm Windw, Dining Room, Fireplace (Primary BR), Sprinkler System, Walk-in Pantry

Lot Details: Lot Details: Dead End Street

MLS #2148723

Sold date: 1/4/24

O Offff-mark-market date: et 1/4/24

Updated: Jan 4, 2024 4:50 AM

List Price: $3,719,950

Orig list price: list price: $3,850,000

Occupant Name: Scott and Kiran

Occupant T Type: ype: Owner

P Parking T arking Type: ype: Driveway Parking, Garage-Attached

P Possession: ossession: Closing

P Potential T otential Terms: erms: Conventional, VA

P Poowwer Compan er Companyy: : Puget Sound Energy

Roof Roof: : Metal, Torch Down

Sew Sewer Compan er Companyy: : Recology

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

T Taaxxes: es: $20,557

School District School District: : Mercer Island

High: High: Mercer Isl High

Middle: Middle: Islander Mid

Elementary Elementary: : Lakeridge Elem

Sew Sewer T er Type: ype: Sewer Connected

Site F Site Features: eatures: FencedPartially

Sq Ft Finished: Sq Ft 4180

Sq Ft Source: Sq Ft Realist

W Water: ater: Public

W Water Compan ater Companyy: : Recology

W Water Heater Location: ater Location: Upstairs laundry

$3,526,250 $3,526,250 5 5 Beds 4.25 4.25 Baths 4,180 Sq. Ft. ($844 / sqft) SOLD 1/4/24 Year Built 2016 2016 Days on market: 90

Remarks

Nestled in Mercer Island's quiet south end, this modern home on a dead-end street, is illuminated by natural light & features 3 ensuite BRs & 2 additional rooms for beds/office. The chef's dream kitchen with expansive countertops, ample cabinets & pantry, makes both simple meals and grand feasts a delight to prepare. Seamlessly blending indoor & outdoor, enjoy the covered area with a gas fireplace & heaters for year-round outdoor gatherings. Find solace in the top-floor sunroom & rooftop deck. Merely 0.2 miles from the trail system, its perfect for nature enthusiasts and nearby Clarke Beach offers an inviting water gateway. Whether youre an entertainer, nature lover, or seeking solace w/ modern amenities, this home promises the good life.

Courtesy of COMPASS

Information is deemed reliable but not guaranteed.

Gottesman

GottesmanChapinGroup@evrealestate.com

Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153
7227 93rd Avenue SE Mercer Island, 98040 MLS #2148723 $3,526,250 $3,526,250 5 5 Beds 4.25 4.25 Baths 4,180 Sq. Ft. ($844 / sqft) SOLD 1/4/24 Year Built 2016 2016 Days on market: 90 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

8425 SE 39th Street Mercer Island, 98040

Details

Prop T Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

F Full baths: ull baths: 3.0

3/4 Baths: 3/4 1.0

Half baths: Half baths: 1.0

MLS #2189543

Garages: 3

List date: 1/10/24

Sold date: 2/8/24

Subdivision:

Subdivision: Mercer Island

Style: Style: 18 - 2 Stories w/Bsmnt

Features

Appliances Included:

Appliances Included: Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Stove(s)/Range(s)

Basement Basement: : Daylight, Fully Finished

Building Complex Or Project Building Complex Or Project: : MADRONA CREST ADD

Building Inf Building Information: ormation: Built On Lot

Ener Energy Source: gy Source: Electric, Natural Gas

Exterior: Exterior: Cement Planked, Stone, Wood Products

A Acres: cres: 0.1937824

Lot Size (sqft Lot Size (sqft): ): 8,440

Financing Financing: : Conventional Floor Co Covvering ering: : Ceramic Tile, Hardwood, Wall to Wall Carpet

Interior F Interior Features: eatures: Bath Off Primary, Dbl Pane/Storm Windw, Dining Room, French Doors, Security System, Vaulted Ceilings, Walk-in Pantry, Walk-in Closet, Sprinkler System

Lot Details: Lot Details: Corner Lot, Paved Street, Adjacent to Public Land

O Offff-mark-market date: et 2/8/24

Updated: Feb 9, 2024 3:01 AM

Occupant Name: Chuck & Michelle

Occupant T Type: ype: Owner

P Parking T arking Type: ype: Driveway Parking, Garage-Attached

P Possession: ossession: Closing, Negotiable, See Remarks

P Potential T otential Terms: erms: Cash Out, Conventional

P Poowwer Compan er Companyy: : PSE

Roof Roof: : Composition

Sew Sewer Compan er Companyy: : City of Mercer Island

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

List Price:

List Price: $3,175,000

Orig list price: Orig $3,175,000

T Taaxxes: es: $17,475

School District School District: : Mercer Island

Sew Sewer T er Type: ype: Sewer Connected

Site F Site Features: eatures: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio, RV Parking, Sprinkler System

Sq Ft Finished: Sq Ft 3980

Sq Ft Source: Sq Ft Realist

T Topographopographyy: : Level, Terraces

V View: iew: Territorial

W Water: ater: Public

W Water Compan ater Companyy: : City of Mercer Island

$3,250,000 $3,250,000 6 6 Beds 4.25 4.25 Baths 3,980 Sq. Ft. ($817 / sqft) SOLD 2/8/24 Year Built 2013 Days on market: 2

W Water Heater Location: ater Heater Location:

Garage Mechanical Closet

Remarks

W Water Heater T ater Heater Type: ype: Gas

Pride of ownership beams throughout this JayMarc resale! This timeless, sophisticated craftsman home in coveted Mercer Island's north end offers a picturesque, private setting next to Clise Park & walking distance to schools/playgrounds. A desirable 2 story w daylight basement floor plan boasting an impressive 3980 sqft of spacious living featuring 6 bedrooms (all w wic!) including a 2nd en-suite along w a main floor bedroom (versatile as an office), 4.25 baths & 3 car garage. An entertainer's dream home w a chef's kitchen complete w a scullery showcasing a dry bar w wine fridge, walk in pantry, Wolf appliances & Sub Zero fridge. Enjoy expansive outdoor living w a heated covered patio, gas fire pit, stone terraces & tranquil water fountain.

Courtesy of Keller Williams Eastside Information is deemed reliable but not guaranteed.

GottesmanChapinGroup@evrealestate.com

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153
8425 SE 39th Street Mercer Island, 98040 MLS #2189543 $3,250,000 $3,250,000 6 6 Beds 4.25 4.25 Baths 3,980 Sq. Ft. ($817 / sqft) SOLD 2/8/24 Year Built 2013 Days on market: 2 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

7880 80th Place SE Mercer Island, 98040

Details

Prop T Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

Subdivision: Subdivision: Mercer Island

3/4 Baths: 3/4 1.0

Half baths: Half baths: 1.0

A Acres: cres: 0.30991408

Lot Size (sqft Lot Size (sqft): ): 13,498

MLS #2168263

Sold date: 12/8/23

O Offff-mark-market date: et 12/8/23

Updated: Dec 8, 2023 7:25 AM

List Price: $3,390,000

Assoc F Assoc Fee: ee: $1,706

T Taaxxes: es: $20,318

School District School District: : Mercer Island

High: High: Mercer Isl High

Style:

Style: 12 - 2 Story

F Full baths: ull baths: 2.0

Features

Appliances Included:

Appliances Included: Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)

Architecture: Architecture: Craftsman

Builder: Builder: BUCHAN

Building Condition: Building Good

Building Inf Building Information: ormation: Built On Lot

Ener Energy Source: gy Source: Electric, Natural Gas

Garages: Garages: 3

List date: List date: 10/6/23

Exterior: Exterior: Brick, Wood

Financing Financing: : Conventional

Floor Co Covvering ering: : Ceramic Tile, Hardwood, Vinyl, Wall to Wall Carpet

F Foundation: oundation: Concrete Block

Interior F Interior Features: eatures: Bath Off Primary, Ceiling Fan(s), Dining Room, Skylights, Vaulted Ceilings, Walk-in Closet, Wired for Generator

Lot Details: Lot Details: Cul-de-sac, Paved Street, Sidewalk

Orig list price: list price: $3,498,000

Occupant Name: Vacant

Occupant T Type: ype: Vacant

P Parking T arking Type: ype: Driveway Parking, Garage-Attached, Off Street

P Possession: ossession: Closing

P Potential T otential Terms: erms: Cash Out, Conventional

P Poowwer Compan er Companyy: : Puget Sound Energy

Roof Roof: : Cedar Shake

Sew Sewer Compan er Companyy: : Recology

Middle: Middle: Islander Mid

Elementary Elementary: : Lakeridge Elem

Sew Sewer T er Type: ype: Sewer

Connected

Site F Site Features: eatures: Cable TV, Fenced-Fully, Gas Available, Patio

Sq Ft Finished: Sq Ft 3840

Sq Ft Source: Sq Ft Realist - Buyer to Verify

T Topographopographyy: : Level, Partial Slope

V View: iew: Lake

W Water: ater: Public

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

$3,300,000 4 4 Beds 3.25 Baths 3,840 Sq. Ft. ($859 / sqft) SOLD 12/8/23 Year Built 1987 Days on market: 39
$3,300,000

Public Utilities

Remarks

Welcome to the Lakes, the most picturesque community on the island! This stunning house offers a warm & inviting atmosphere from the moment you enter. Upstairs you will find the spacious primary bedroom w/ an en-suite, 3 lge bedrooms & 3/4 bath. Enjoy the comforts of a living rm w/ 15ft ceilings & gas fp, dining rm that opens to the back patio, & a bonus rm above the garage. The heart of this home is the great rm, where a chef's kitchen seamlessly adjoins a breakfast nook & family rm w/ gas fp. Your oasis awaits in the landscaped 1/3 acre yd, complete w/ a patio that overlooks the lake, while a side yd play area adds to the fun. Main flr office, attic storage & a 3-car gar. Convenient to Lakeridge Elementary, IMS, shopping, trails & parks.

Courtesy of Redfin Information is deemed reliable but not guaranteed.

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com
7880 80th Place SE Mercer Island, 98040 MLS #2168263 $3,300,000 $3,300,000 4 4 Beds 3.25 Baths 3,840 Sq. Ft. ($859 / sqft) SOLD 12/8/23 Year Built 1987 Days on market: 39 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

6515 SE 30th Street

Mercer Island, 98040

Details

MLS #2153361

Prop T

Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

3/4 Baths: 3/4 2.0

A Acres: cres: 0.20664

Lot Size (sqft Lot Size (sqft): ): 9,000

O Offff-mark-market date: et 10/18/23

Updated: Oct 18, 2023 6:25

AM

List Price: $3,595,000

High: High: Mercer Isl High

Middle: Middle: Islander Mid

Elementary Elementary: : West Mercer Elem

Subdivision:

Subdivision: East Seattle

Style: Style: 12 - 2 Story

F Full baths: ull baths: 2.0

Features

Garages: Garages: 2

List date:

List date: 8/25/23

Sold date: 10/18/23

Orig list price: list price: $3,595,000

School District School District: : Mercer Island

Appliances Included:

Appliances Included:

Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove/Range, Washer

Basement Basement: : None

Builder: Builder: JayMarc Homes LLC.

Building Condition: Building Very Good

Building Inf Building Information: ormation: Built On

Lot

Eff Effectivective Y e Year Built Source: ear Source:

Public Records

Ener Energy Source: gy Source: Natural Gas

Exterior: Exterior: Cement Planked, Metal/Vinyl, Wood, Wood Products

Financing Financing: : Conventional

Floor Co Covvering ering: : Engineered Hardwood

F Foundation: oundation: Poured Concrete

Interior F Interior Features: eatures: 2nd Kitchen, Bath Off Primary, Dbl Pane/ Storm Windw, Dining Room, French Doors, High Tech Cabling, Vaulted Ceilings, Walk-in Closet, Walk-in Pantry

Lot Details: Curbs, Paved Street

Lot Number: Number: 31-33

Occupant Name: Your Buyer

Occupant T Type: ype: Vacant

P Parking T arking Type: ype: GarageAttached

P Possession: ossession: Closing

P Potential T otential Terms: erms: Cash Out, Conventional

P Poowwer Compan er Companyy: : PSE

Roof Roof: : Composition

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

Sew Sewer Compan er Companyy: : City of Mercer Island

Sew Sewer T er Type: ype: Sewer Connected

Site F Site Features: eatures: Cable TV, Fenced-Fully, High Speed Internet, Patio, Sprinkler System

Sq Ft Finished: Sq Ft 3595

Sq Ft Source: Sq Ft King County

T Topographopographyy: : Brush, Garden Space, Level, Wooded

W Water: ater: Public

$3,565,000 $3,565,000 5 5 Beds 3.50 Baths 3,595 3,595 Sq. Ft. ($992 / sqft) SOLD 10/18/23 Year Built 2023 2023 Days on market: 22 22

W Water Compan ater Companyy: : City of Mercer Island

Remarks

W Water Heater Location: ater Heater Garage

W Water Heater T ater Type: ype: Gas

JayMarc's Newest Modern Farmhouse: An Enchanting Mercer Island Masterpiece. Step into a chef's kitchen, highlight attention to detail such as craft ice+waterfall island. Savor an indulgent hidden kitchen w/full appliance package. Immerse yourself in the great room's 5.1 speaker surround sound. Enjoy the double slider access that seamlessly merges indoor+outdoor space to capture Seattle's golden hour. Flexible office/guest suite with adjacent en-suite bath. Upstairs, the primary suite beckons with heated floors, lavish soak-in tub+tiled shower. An entertainment-centric bonus room, en-suite bedroom, two additional beds. Seven years consecutive Best of Houzz Customer Service+five years of Best in Design, JayMarc's reputation stands unmatched.

Courtesy of Realogics Sotheby's Int'l Rlty Information is deemed reliable but not guaranteed.

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com
6515 SE 30th Street Mercer Island, 98040 MLS #2153361 $3,565,000 $3,565,000 5 5 Beds 3.50 Baths 3,595 3,595 Sq. Ft. ($992 / sqft) SOLD 10/18/23 Year Built 2023 2023 Days on market: 22 22 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

5055 W Mercer Way Mercer Island, WA 98040 MLS #2201728

Details

Prop T

Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

3/4 Baths: 3/4 1.0

Half baths: Half baths: 1.0

A Acres: cres: 0.36940344

List date: 3/5/24

Updated: Mar 12, 2024 4:13

AM

List Price: $3,250,000

School District School District: : Mercer Island

High: High: Mercer Isl High

Middle: Middle: Islander Mid

Subdivision:

Subdivision: West Mercer

Style: Style: 12 - 2 Story

F Full baths: ull baths: 3.0

Features

Appliances Included:

Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), See Remarks, Washer(s), Stove(s)/Range(s)

Architecture: Architecture: Craftsman

Basement Basement: : None

Builder: Builder: Lakeville Homes

Building Condition: Building Very Good

Building Inf Building Information: ormation: Built On

Lot

Community F Community Features: eatures: CCRs

Lot Dim: Lot Dim: 16,007

Lot Size (sqft Lot Size (sqft): ): 16,089

Garages: Garages: 3

Ener Energy Source: gy Electric, Natural Gas

Exterior: Exterior: Stone, Wood Floor Co Covvering ering: : Ceramic Tile, Hardwood, Wall to Wall Carpet

F Foundation: oundation: Poured Concrete

Orig list price: list price: $3,250,000

T Taaxxes: es: $17,493

Interior F Features: eatures: Bath Off Primary, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, French Doors, High Tech Cabling, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk-in Pantry, Walk-in Closet, SMART Wired, Sprinkler System

Lot Details: Open Space, Paved Street

Occupant Name: Mark and Abra

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

Elementary Elementary: : Buyer To Verify

Occupant T Occupant Type: ype: Owner

P Parking T arking Type: ype: Driveway

Parking, Garage-Attached

P Possession: ossession: Negotiable, See Remarks

P Potential T otential Terms: erms: Cash Out, Conventional, FHA, VA

P Poowwer Compan er Companyy: : PSE

Roof Roof: : Composition

Sew Sewer Compan er Companyy: : City of Mercer Island

Sew Sewer T er Type: ype: Sewer

Connected

$3,250,000 $3,250,000 5 5 Beds 4.25 4.25 Baths 4,135 Sq. Ft. ($786 / sqft) A ACCTIVE TIVE 3/5/24 Year Built 2005 Days on market: 10 10

Site F Site Features: eatures: Cable TV, Deck, Dog Run, Fenced-Partially, Gas Available, High Speed Internet, Patio, Sprinkler System

Remarks

Sq Ft Finished: Finished: 4135

Sq Ft Source: Source: Public Records

T Topographopographyy: : Garden Space, Level, Partial Slope, Wooded

V View: iew: Territorial

W Water: ater: Public

W Water Compan ater Companyy: : City of Mercer Island

W Water Heater Location: ater Location: Garage

W Water Heater T ater Type: ype: Tank

Meticulously crafted with bespoke artistry, this home seamlessly integrates traditional Craftsman features w/contemporary elements: a perfect harmony of style and comfort. The main level welcomes you w/formal living & dining spaces, a chef's kitchen, a cozy nook, a recreation/TV room, & an ensuite guest room. Ascend to the upper level to discover the primary suite, boasting a spa-like ensuite bathroom, plus find 3 addl bedrooms, 2 baths, & a versatile bonus room. Step outside to the backyard oasis, featuring a spacious covered deck, a dog run, & a patio ideal for outdoor gatherings. Tucked away in seclusion yet conveniently situated near Seattle, Bellevue, top schools & parks, this home offers the perfect blend of privacy & accessibility.

Courtesy of Realogics Sotheby's Int'l Rlty Information is deemed reliable but not guaranteed. Gottesman

GottesmanChapinGroup@evrealestate.com

Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153
5055 W Mercer Way Mercer Island, WA 98040 MLS #2201728 $3,250,000 $3,250,000 5 5 Beds 4.25 4.25 Baths 4,135 Sq. Ft. ($786 / sqft) Year Built 2005 Days on market: 10 10 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

Details

Prop T

Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

F Full baths: ull baths: 2.0

3/4 Baths: 3/4 2.0

A Acres: cres: 0.192864

List date: 2/2/24

Updated: Mar 14, 2024 9:47 AM

List Price: $3,600,000

T Taaxxes: es: $19,815

School District School District: : Mercer Island

High: High: Mercer Isl High

Subdivision:

Subdivision: South End

Style: Style: 18 - 2 Stories w/Bsmnt

Features

Appliances Included:

Appliances Included: Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s)

Architecture: Architecture: Traditional

Basement Basement: : Fully Finished

Builder: Builder: K2 Construction

Building Condition: Building Very Good

Building Inf Building Information: ormation: Built On Lot

Eff Effectivective Y e Year Built Source: ear Source:

Public Records

Lot Size (sqft Lot Size (sqft): ): 8,400

Garages: Garages: 3

Ener Energy Source: gy Electric, Natural Gas

Exterior: Exterior: Cement Planked

Floor Co Covvering ering: : Ceramic Tile, Hardwood, Wall to Wall Carpet

F Foundation: oundation: Poured Concrete

Orig list price: list price: $3,600,000

Interior F Features: eatures: Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/ Storm Windw, Dining Room, High Tech Cabling, Security System, Vaulted Ceilings, Walk-in Pantry, Walk-in Closet, Wet Bar, Wired for Generator, Sprinkler System

Lot Details: Corner Lot

Occupant Name: vacant

Occupant T Type: ype: Vacant

P Parking T arking Type: ype: GarageAttached

P Possession: ossession: Closing

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

Middle: Middle: Islander Mid

Elementary Elementary: : Lakeridge Elem

P Potential T otential Terms: erms: Assumable, Cash Out, Conventional

P Poowwer Compan er Companyy: : Puget Sound Energy

Roof Roof: : Composition, Metal Sew Sewer Compan er Companyy: : Mercer Island

Sew Sewer T er Type: ype: Sewer Connected

Site F Site Features: eatures: Cable TV, Deck, Electric Car Charging, Fenced-Partially, Gas

Available, High Speed Internet, Patio, RV Parking, Sprinkler System

$3,600,000 $3,600,000 5 5 Beds 3.50 Baths 4,010 4,010 Sq. Ft. ($898 / sqft) A ACCTIVE TIVE 2/2/24 Year Built 2019 2019 Days on market: 42 42
9523 SE 68th Street Mercer Island, WA 98040 MLS #2195583

Sq Ft Finished: Sq 4010

Sq Ft Source: Sq 8400

Remarks

T Topographopographyy: : Garden Space, Level, Terraces

V View: iew: Territorial

W Water: ater: Public

W Water Compan ater Companyy: : Mercer Island

Radiating modern elegance in a charming farmhouse style, this better than new construction home is dramatic in design and features a spacious, high-end interior complete w/hardwood flrs, barn doors, a gourmet kitchen that includes Subzero & Wolf appliances. True butlers pantry w/second sink & wine fridge. Great room with beamed ceilings and cozy fireplace. Enjoy the outdoors year 'round with a covered/heated deck. Convenient main floor bedroom or office. Retreat to well-appointed primary suite w/vaulted ceilings, flooded with light and luxurious spa-like bath. Upper level generously sized bedrooms with "Jack and Jill" bath. Lower level with huge rec rm, more outdoor space and bedroom. Large 3 car garage with electric car charger

Courtesy of John L. Scott, Inc. Information is deemed reliable but not guaranteed.

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com
9523 SE 68th Street Mercer Island, WA 98040 MLS #2195583 $3,600,000 $3,600,000 5 5 Beds 3.50 Baths A ACCTIVE TIVE 2/2/24 Year Built 2019 2019 42 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

Details

Prop T

Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

Subdivision: Subdivision: Mercerwood

Style: Style: 16 - 1 Story w/Bsmnt.

Features

Appliances Included:

Appliances Included: Dishwasher(s), Double Oven, Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)

Basement Basement: : Daylight, Fully Finished

Building Inf Building Information: ormation: Built On

Lot

Ener Energy Source: gy Source: Electric, Natural Gas

Exterior: Exterior: Stucco, Wood

Floor Co Floor Covvering ering: : Ceramic Tile, Hardwood, Stone, Wall to Wall

Carpet

F Full baths: ull baths: 3.0

Half baths: Half baths: 2.0

A Acres: cres: 0.3332644

Lot Size (sqft Lot Size (sqft): ): 14,515

Garages: Garages: 3

F Foundation: oundation: Poured Concrete

Interior F Interior Features: eatures: Bath Off Primary, Dbl Pane/Storm Windw, Dining Room, Fireplace (Primary BR), French Doors, Security System, Skylights, Sprinkler System, Vaulted Ceilings, Walk-in Closet, Wet Bar

Lot Details: Lot Details: Curbs, Paved Street

Occupant Name: Occupant Name: Undisclosed

Occupant T Occupant Type: ype: Owner

P Parking T arking Type: ype: Driveway Parking, Garage-Attached

List date: 2/6/24

Updated: Feb 28, 2024 4:48 AM

List Price: $3,250,000

Orig list price: list price: $3,250,000

P Possession: ossession: Closing

P Potential T otential Terms: erms: Cash Out, Conventional

P Poowwer Compan er Companyy: : PSE Roof Roof: : Composition

Sew Sewer Compan er Companyy: : City of Mercer Island

Sew Sewer T er Type: ype: Sewer Connected

Site F Features: eatures: Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Sprinkler System

Sq Ft Finished: Ft 3960

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

T Taaxxes: es: $16,334

School District School District: : Mercer Island

High: High: Mercer Isl High

Middle: Middle: Islander Mid

Elementary Elementary: : Buyer To Verify

Sq Ft Source: Sq Ft KCR

T Topographopographyy: : Garden Space, Level, Partial Slope

V View: iew: Mountain, Territorial

W Water: ater: Public

W Water Compan ater Companyy: : City of Mercer Island

W Water Heater Location: ater Location: Basement room

W Water Heater T ater Type: ype: 2 gas water heaters

$3,250,000 $3,250,000 5 5 Beds 4.00 4.00 Baths 3,960 3,960 Sq. Ft. ($821 / sqft) A ACCTIVE TIVE 2/6/24 Year Built 1990 1990 Days on market: 38
8454 SE 44th Street Mercer Island, WA 98040 MLS #2195825

Remarks

Every now & then, a very special offering becomes available. Custom-built 5 BDR home ideally located mid-Mercer Island-just steps to schools, library & parks. Wow-factor curb appeal down a private lane w/ parking. Enter to a gracious living room w/ soaring vaulted ceilings, inviting fireplace & wall-to-wall French doors. Ideal floor plan w/ main-level primary suite alongside two well-appointed BDRs & newly remodeled bath. The heart of the home is the central great room w/ gourmet kitchen, eating nook, built-ins, & cozy fireplace. Downstairs, a fantastic rec room, 2 more BDRs & a large play/bonus room. Fabulous outdoor spaces: a level play lawn & enjoy Western territorial views from 2 levels of decks. Experience a house that is truly a home.

Courtesy of COMPASS

Information is deemed reliable but not guaranteed.

Gottesman

GottesmanChapinGroup@evrealestate.com

Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153
8454 SE 44th Street Mercer Island, WA 98040 MLS #2195825 $3,250,000 $3,250,000 5 5 Beds 4.00 4.00 Baths 3,960 3,960 Sq. Ft. ($821 / sqft) A ACCTIVE TIVE 2/6/24 Year Built 1990 1990 Days on market: 38 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

3633 90th Avenue SE Mercer Island, WA 98040 MLS #2162244

Details

Prop T Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

Subdivision: Subdivision: North End

Style: Style: 12 - 2 Story

F Full baths: ull baths: 1.0

Features

Appliances Included:

Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

Architecture: Architecture: Craftsman

Basement Basement: : None

Builder: Builder: RKK Construction

Building Inf Building Information: ormation: Built On

Lot

Ener Energy Source: gy Source: Electric

Exterior: Exterior: Cement Planked

3/4 Baths: 3/4 3.0

Half baths: Half baths: 1.0

A Acres: cres: 0.192864

Lot Size (sqft Lot Size (sqft): ): 8,400

Garages: Garages: 2

List date: List date: 9/14/23

Floor Co Covvering ering: : Ceramic Tile, Hardwood, Wall to Wall Carpet

F Foundation: oundation: Poured Concrete

Interior F Interior Features: eatures: Bath Off Primary, Built-In Vacuum, Dbl Pane/Storm Windw, Dining Room, Security System, Sprinkler System, Walk-in Closet, Walk-in Pantry, Wired for Generator

Lot Details: Lot Details: Paved Street

Updated: Jan 12, 2024 9:16

AM

List Price: $3,450,000

Orig list price: list price: $3,450,000

T Taaxxes: es: $11,688

School District School District: : Mercer Island

High: High: Mercer Isl High

Middle: Middle: Islander Mid

Elementary Elementary: : Northwood Elem

P Parking T arking Type: ype: GarageAttached

P Possession: ossession: See Remarks

P Potential T otential Terms: erms: Cash Out, Conventional

P Poowwer Compan er Companyy: : Puget Sound Energy

Roof Roof: : Composition

Sew Sewer Compan er Companyy: : Mercer Island

Sew Sewer T er Type: ype: Sewer Connected

Site F Site Features: eatures: Cable TV, Deck, Electric Car Charging, Gas Available, High Speed Internet, Patio, Sprinkler System

Sq Ft Finished: Sq Ft 3270

Sq Ft Source: Sq Ft Builder

T Topographopographyy: : Garden Space, Level, Wooded

W Water: ater: Public

W Water Compan ater Companyy: : Mercer Island

Occupant Name:

Occupant Name: Presale

Occupant T Occupant Type: ype: Presale

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

$3,450,000 $3,450,000 4 4 Beds 3. 3.75 75 Baths 3,270 3,270 Sq. Ft. ($1,055 / sqft) A ACCTIVE TIVE 9/14/23 Year Built 2024 Days on market: 182 182

Remarks

RKK Construction continues to redefine high-end living with their newest home currently under construction. We've come to expect unmatched dedication to quality & innovation from RKK and this is no exception. A traditional aesthetic yet modern open great room design this home offers 10-foot ceilings, gourmet's kitchen, wide plank hardwood floors, & exquisite designer fixtures that feel like a custom build rather than "cookie-cutter " The covered outdoor space is equipped with built-in heaters & speakers, offering a seamless transition from indoor to outdoor living. The northend location is convenient to downtown Mercer Island, walking distance to Northwood elementary, the High School, MW Pool and Shoreclub. Completion estimate April 2024

Courtesy of John L. Scott, Inc. Information is deemed reliable but not guaranteed.

Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com
3633 90th Avenue SE Mercer Island, WA 98040 MLS #2162244 $3,450,000 $3,450,000 4 4 Beds 3. 3.75 75 Baths 3,270 3,270 Sq. Ft. ($1,055 / sqft) A ACCTIVE TIVE 9/14/23 Year Built 2024 Days on market: 182 182 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

Details

Prop T

Prop Type: ype: Residential

County County: : King

Area: Area: 510 - Mercer Island

Subdivision: Subdivision: Mid Island

Style: Style: 18 - 2 Stories w/Bsmnt

Features

Appliances Included:

Appliances Included: Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

Basement Basement: : Daylight

Building Condition: Building Very Good

Building Inf Building Information: ormation:

Detached

Ener Energy Source: gy Source: Electric, Natural Gas

Exterior: Exterior: Stucco

F Full baths: ull baths: 3.0

Half baths: Half baths: 1.0

A Acres: cres: 0.3470404

Lot Size (sqft Lot Size (sqft): ): 15,115

Garages: Garages: 2

Floor Co Covvering ering: : Ceramic Tile, Hardwood, Wall to Wall Carpet

F Foundation: oundation: Poured Concrete

Interior F Interior Features: eatures: Bath Off Primary, Dbl Pane/Storm Windw, Dining Room, French Doors, Jetted Tub, Security System, Skylights, Sprinkler System, Walk-in Closet, Walkin Pantry

Lot Details: Lot Details: Dead End Street, Paved Street

Occupant Name: Occupant Name: Occupied

List date: 8/30/23

Updated: Feb 27, 2024 10:16

List Price: $3,688,000

Orig list price: list price: $3,795,000

Occupant T Type: ype: Owner

P Parking T arking Type: ype: GarageAttached

P Possession: ossession: Closing

P Potential T otential Terms: erms: Cash Out, Conventional

P Poowwer Compan er Companyy: : PSE

Roof Roof: : Composition

Sew Sewer Compan er Companyy: : City of Mercer Island

Sew Sewer T er Type: ype: Sewer

Connected

T Taaxxes: es: $19,852

School District School District: : Mercer Island

High: High: Mercer Isl High

Middle: Middle: Islander Mid

Elementary Elementary: : Buyer To Verify

Site F Site Features: eatures: Cable TV, Deck, Dog Run, Fenced-Fully, Gas Available, High Speed Internet, Patio, Shop

Sq Ft Finished: Sq Ft 6590

Sq Ft Source: Sq Ft KCR

T Topographopographyy: : Brush, Garden Space, Level

V View: iew: City, Lake, Mountain, Territorial

W Water: ater: Public

W Water Compan ater Companyy: : City of Mercer Island

Gottesman

(206) 898-2505 & (206) 948-9153

GottesmanChapinGroup@evrealestate.com

$3,6 $3,688,000 88,000 4 4 Beds 3.50 3.50 Baths 6,590 6,590 Sq. Ft. ($560 / sqft) A ACCTIVE TIVE 8/30/23 Year Built 2006 Days on market: 197
5045 88th Avenue SE Mercer Island, WA 98040 MLS #2156694
AM
Chapin Group Chapin Group Engel and V and Voelkoelkers ers

Remarks

Perched and private on Mercer Islands west-facing slope sits a masterfully constructed home with spectacular views. Built in 2006 by King Construction, this 4 bed, 4 separate bath 6590 sq ft manse boasts views of Lake WA, the Olympics, and the downtown Seattle skyline. Bright and open with soaring ceilings and multiple decks, youll enjoy the sun all day until it dips behind the mountains. The master suite is fit for royalty with a massive bathroom, a walk-in closet you can throw a football in, a gym, and the second laundry room. Youll love the home office, remodeled chefs kitchen, formal dining, wet bar, two laundry rooms, and tons of storage. The media room and game/party room downstairs make entertaining and Super Bowl parties a must!

Courtesy of Engel & Voelkers Mercer Island Information is deemed reliable but not guaranteed. Gottesman

GottesmanChapinGroup@evrealestate.com

Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153
5045 88th Avenue SE Mercer Island, WA 98040 MLS #2156694 Baths 6,590 6,590 Sq. Ft. ($560 / sqft) Days on market: 197 Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com

Comparable Property Statistics

Gottesman

GottesmanChapinGroup@evrealestate.com

S 4 Sold Listings A 5 Active Listings LOWEST $3,250,000 AVERAGE $3,410,312 HIGH $3,565,000 AVG PRICE / SQFT $878 AVG DOM 38 LOWEST $3,250,000 AVERAGE $3,447,600 HIGH $3,688,000 AVG PRICE / SQFT $824 AVG DOM 94
Chapin Group Chapin Group Engel and V and Voelkoelkers ers
898-2505
(206)
& (206) 948-9153

Online Valuation Analysis

How accurate are Zestimates ® ?

6.1% $226,700

Zestimates varied up to 6.1% or $226,700 compared to actual MLS prices*.

4

5

* The Zestimate ® home valuation model is Zillow's estimate of a home's market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow's proprietary formula, also taking into account home facts, location and market trends. It is not an appraisal and can't be used in place of an appraisal.

Gottesman

GottesmanChapinGroup@evrealestate.com

S ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE 7227 93rd Avenue SE 1/4/24 $3,526,250 $3,593,300 1.9% 8425 SE 39th Street 2/8/24 $3,250,000 $3,277,300 0.8% 7880 80th Place SE 12/8/23 $3,300,000 $3,384,600 2.6% 6515 SE 30th Street 10/18/23 $3,565,000 $3,673,800 3.1% A ADDRESS PRICE ZESTIMATE DIFFERENCE 5055 W Mercer Way $3,250,000 $3,255,000 0.2% 9523 SE 68th Street $3,600,000 $3,464,900 -3.8% 8454 SE 44th Street $3,250,000 $3,117,800 -4.1% 3633 90th Avenue SE $3,450,000 $3,258,200 -5.6% 5045 88th Avenue SE $3,688,000 $3,461,300 -6.1%
Sold
Active
Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206)
& (206)
898-2505
948-9153

Sold Property Analysis

96.86%

Homes sold for an average of 96.86% of their list price.

38 Days on market

It took an average of 38 days for a home to sell.

Gottesman

GottesmanChapinGroup@evrealestate.com

Averages
Analysis ADDRESS ORIG LIST PRICE SOLD PRICE % OF ORIG LIST PRICE DOM $ PER SQFT 7227 93rd Avenue SE $3,850,000 $3,526,250 91.59% 90 $844 8425 SE 39th Street $3,175,000 $3,250,000 102.36% 2 $817 7880 80th Place SE $3,498,000 $3,300,000 94.34% 39 $859 6515 SE 30th Street $3,595,000 $3,565,000 99.17% 22 $992 Averages $3,529,500 $3,410,313 96.86% 38 $878
Chapin Group Chapin Group Engel and V and Voelkoelkers ers
898-2505 & (206) 948-9153
(206)

Workingwithamarketplaceleadingteam

Meet The Gott esman Chapin Group

When considering buying or selling a property, it's essential you work with true market experts who take the time to understand your unique real estate goals Engel & Volkers advisors are known for their unparalleled professionalism and dedication to providing high quality, personal service These characteristics are evident among all Engel & Volkers realestateadvisorsinlocalmarketsacrosstheglobe

Each of our advisors is devoted to the core values of competence,exclusivity, and passion,asthey represent a luxury global real estate brand with over 40 years of brandheritageandexperience.Engel&Volkersadvisors are leaders in their local markets with valued connections that help maintain our reputation for excellencearoundtheglobe

Through our unique and powerful marketing strategies, backed by an iconic brand and global network, we will ensure your property is best positioned to sell while meetingyour specific goals.

Noother teamknowsMercer Islandquitelikewedo

Dan Gottesman,RealEstateAdvisor +1206-898-2505 |dan gottesman@evrealestatecom Sam Chapin,RealEstateAdvisor +1206-948-9153|sam.chapin@evrealestate.com GOTTESMAN CHAPIN GROUP

Workingwithamarketplaceleader

Meet Dan Gott esman

Dan Gottesman has spent the past 25 years both as a real estate broker and a developer He has worked successfully with buyers and sellers in hundreds of high-end luxury transactions After forming the GottesmanChapin Group with Sam Chapin in 2015,Dan &Sam havesold over $250,000,000 Theywereamong the top 1% of Engel & Volkers brokers worldwide with 2021salesof $55,000,000

Dan?s extensive background in residential and multi-family properties gives his clients extreme confidence when purchasing their next home Growing uponMercer Islandand later attendingtheUniversityof Washington has made Dan a market specialist and an expert in high-end luxury real estate Dan and his wife, Tara,haveablendedfamilywithfour daughters

Since age 19, Dan has been an avid real estate investor and developer in Seattle?s University of Washington district He currently owns and manages a large portfolioof residentialandmulti-familybuildingsthere.

Dan Gottesman,RealEstateAdvisor +1206-898-2505 |dan gottesman@evrealestatecom GOTTESMAN CHAPIN GROUP

Working with a marketplace leader Meet Sam Chapin

Sam has a passion for real estate, negotiation, and client service. Over the past25 years, Sam has bought, sold, and managed mixed-use commercial and residential apartment buildings in Seattle and Mercer Island. His experience as a commercial owner and manager is a key benefittohis services asabroker.

Sam has also practiced law for nearly 30 years. After graduating from the University of Washington, Sam earned his law degree from the University of North Carolina at Chapel Hill. Sam's legal career focused entirely on litigation: first as a civil trial attorney for a Seattle law firm, then as a King County criminal prosecutor. Sam has served as a pro ternjudge, and has taught at the University of Washington School of Law forover20years.

Sam and his wife, Loretta, have two girls, a boy, and Labradoodlenamed Dory.

ENGEL&VbLKERS® GOTTESMAN CHAPIN GROUP
Sam Chapin, Real EstateAdvisor +1206-948-9153 I
sam.chapin@evrealestate.com

Our most recent successes

Aselectio11ofEngel & Voll<erssales

8106SE44th Street I Mercer Island I SOLD 3/08/2023

Perched and private residence situated above Mercer Island's coveted western shore, this Bicentennial Northwest Classic offered unobstructed views west of Lake Washington, Downtown Seattle, the full Olympic Mountain range. Unprecedentedoffering.Secured 99%oflist priceatsale.

21208th Avenue N Unit#400 I Seattle I SOLD 3/16/2022

Compass Rose Penthouse at the Regatta Condominiums on Queen Anne's eastern slope. 180-degree panoramic views of the lake, mountains, & the entire cityscape. Unique1,500sq. ft. wraparoundterraceofferedyearroundindoorand outdoorliving. Secured 117.26%oflist priceatsale.

10315 NE60th I Kirkland I SOLD 4/24/2023

Custom built estate on a 14,691 sq. ft. lot. Houghton Beach masterpiece satjust below the Corridor Trail with unobstructable views of Lake Washington, The Olympics, and Seattle skyline. Designer touches throughout and eye-catching sunsets. Secured 118.74%oflist priceatsale.

Wild housing market reveals new truths behind bidding wars

Jun 4, 2018, 2:00pm PDT

In war, they say, there is no such thing as a perfect plan. A residential real estate bidding war is no different.

Recently, my partner and I negotiated bidding wars for two listings on the same day. The reactions by all involved demonstrated that buyers, sellers and even some brokers, do not fully understand the process.

In the first war, we listed a downtown condo lower than where we believed it would sell. We set an “offer review” for a week later. From the activity, we expected three to five offers. Offer review day brought our first offer – full price, with an escalation clause that would increase against competing offers. We waited for the other offers to come in and trigger the escalation, but none came.

At that point our client could: (a) accept the offer at our low asking price; (b) reject the offer and raise the asking price; or (c) negotiate better terms from the one buyer-bidder. Our client chose (c), and my partner and I worked with the buyer’s broker to secure a deal at a higher price with terms satisfactory to both buyer and seller.

In the second war, we listed a Mercer Island “fixer” with the same strategy and offer review day a week out. Unlike the condo, however, we immediately received two offers over asking price with great terms. We could have used these early offers to attempt to garner higher offers, but time was of the essence, urgency was palpable, and the seller was happy to accept the cash offer with the quick close. Then our phones blew up with brokers complaining we sold the fixer too quickly. Their frustration could have been avoided if the brokers had only prepared their clients for a bidding war.

A bidding war doesn’t just happen by luck. It requires knowledge, a savvy seller, and strategy. The broker must understand the market and price the home low enough to create urgency. True urgency induces multiple buyers to make strong offers and battle. But it doesn’t always work that way. Sometimes you’re the windshield, and sometimes you’re the bug.

Bidding wars generally play out one of four ways:

1. Offer review day brings no offers. The listing broker sheepishly deletes “offer review” from the listing and the house remains on the market. Urgency was not created.

2. Offer review day brings only one offer with an escalation clause. No one else makes an offer to trigger the escalation clause. Some urgency existed, but not enough.

3. Offer review day brings three offers. Or five. Or ten. The seller may then ask the top two or three buyers to strengthen their offers (increase price, shortening closing, or drop contingencies). There is risk, however, that a buyer withdraws because she feels “played.” A seller can potentially end up with no one left.

4. Before offer review the buyer makes an early offer too good to refuse. The seller can take the “bird in the hand” or she might direct her broker to start “dialing for dollars” by calling other brokers to advise them a bidding war started early. Dialing for dollars can backfire if buyers feel played. A seller may not execute the perfect plan, but if the seller creates urgency, he’ll get a bidding war. And if the buyer acts quickly and decisively she’ll get the house.

Losing a bidding war is never pleasant, but brokers who complain of missed chances were simply unable to motivate their clients to timely action. They had a chance the moment the house came on the market. The winning buyer was ready – why weren’t they?

The core values that define us

The thousands of professionals who represent Engel & Völkers worldwide share a single vision: achieving the aspirations of discerning individuals around the world, be it in a private or business context, with total passion. To achieve this vision, our company was founded on a set of core values deeply rooted in our DNA today. These values are carried with pride by every advisor associated

with Engel & Völkers throughout the globe, allowing us to adhere to the highest service standard worldwide. Through sophisticated training, distinctive marketing capabilities, and a global network, our advisors can competently meet your real estate needs by developing a customized strategy and providing specialized services. And they will do it all with total passion.

Exclusivity. Passion.
Competence.

Trusted advisors

A higher standard

At Engel & Völkers, our passion is exceeding client expectations, so it’s only natural we align ourselves with exceptional real estate professionals to serve clients across the globe. It’s why we don’t simply have agents but instead trusted advisors to guide you through your home journey with extensive neighborhood expertise, distinguished care, and a bit of fun.

An Engel & Völkers advisor is an area expert and most often, a longtime neighborhood local surrounded by a network that shares the ability to reach buyers and

markets locally, nationally, and around the world. We hold our relationship with you closely and give back to the communities we share. Most importantly, an advisor can talk about the real estate market and where your home fits in the bigger picture. Engel & Völkers advisors provide more than facts. As local experts, our advisors live and breathe the communities we serve and will provide you with valuable insights relevant to your personalized needs and will see to every detail throughout the transaction process and beyond.

Identifying your specific needs

No two clients are the same. The better we know you, the better we can serve you, which is why we start with an individual consultation. Our goal is to get an in-depth understanding of your expectations and to learn more about the property you’re interested in selling through the person who knows it best: you. Your Engel & Völkers advisor will review every aspect of your property, ask detailed questions, and research local market trends and activity to ensure the most comprehensive strategies are implemented to sell your property.

These steps will determine key marketing points, the ways we collaborate on an effective, compelling pricing strategy, and your home’s target audience, as well provide a full understanding of your specific real estate goals. This crucial first step outlines a strategic course for you, your advisor, their brokerage, and the Engel & Völkers brand as we work together to sell your home at the highest price point in a timely and stress-free manner.

The scope of our research:

• Review your property

• Conduct a homeowner interview

• Research market activity and trends

• Identify target audience

• Outline pricing strategy

• Gain a full understanding of unique homeowner needs

Initial consultation

Outlining our strategy An in-depth look

Following an initial assessment, we prepare a customized presentation in which we explain what our research and expertise have discovered regarding the value of your property. This tailored presentation will include our analysis of the market and who we’ve identified as the most qualified buyers for your property. We will share the specific steps we plan to take—inclusive of advertising, strategic placement within online real estate search engines, public relations and social media opportunities, direct mail strategies, and exclusive Engel & Völkers offerings—to maximize exposure of your property to the target audiences we’ve identified. We will also work together to determine a pricing strategy that meets your goals.

In providing this highly detailed view of the sales strategy, we are able to learn more about your expectations so we can make sure to meet and exceed them at every stage in the process.

Advantages Network

Target Pricing Strategy

Our measures for property marketing:

• Expert evaluation of the property

• Detailed analysis of the target audience

• Current local market activity and historical trends

• Marketing and advertising support

• Pricing strategy

Comparative Market Analysis Research and results

When listing your property with Engel & Völkers, you receive the invaluable benefits of its exposure to our highly targeted contacts, shops, and advisors across the street, country, and world. The listing process begins with a comprehensive analysis of your property by an Engel & Völkers advisor who uses proprietary tools to create a Comparative Market Analysis that includes a pricing and marketing strategy, giving your

Our property pricing perspective:

• Detailed knowledge of the local market provides insight into the buyer’s perception of the home’s value.

• Accurate pricing based on Comparative Market Analysis is key to achieving the best possible value from the sale of your home.

• Starting with an accurate price from the outset will yield the highest results.

• Interest in a home decreases the longer the home remains on the market.

home a greater chance of finding the best buyer in an acceptable time frame. A Comparative Market Analysis performed by an Engel &Völkers advisor is one of our essential services; it ensures the most accurate assessment of your home’s value based on data and information that includes current and historical real estate activity in your market.

• Certain home improvements may be suggested to help it sell; however, in some instances, the portion of the price related to home improvements may be less than the actual cost of improvements.

• An offer will typically be lower than the listed price but can be negotiated higher as an offer also signifies that a connection to the home has already been made.

An

effective pricing strategy Listing to sell

To find the ideal buyer for a home, it must be exposed to a large, relevant audience of potential buyers. Because Engel & Völkers has shops and advisors spanning the globe, there are no boundaries to the exposure we can provide for your property. The market has a direct impact on the amount of attention a home will receive based on its listed price. Pricing above market value will get the

Pricing is everything. If you miss the right price range, the chances are fewer that buyers will nd your home

attention of fewer potential buyers, while pricing at or slightly below market value will attract more. As a trusted advisor, it is my passion and responsibility to understand market trends in order to create the most strategic listing and marketing strategies, inclusive of pricing, to ensure that you receive the best value for your home—allowing you to move on to the next phase of your life.

Market Value 15% 10% -10% -15% 30% 10% 60% 75% 90%
Asking price compared to Market Value
Percentage of potential buyers who will look at property

A tailored marketing campaign

Designing custom strategies

With a comprehensive understanding of your home’s position in the market and a pricing strategy to meet your goals within an acceptable time frame, our marketing team will develop and execute a custom strategy to promote your home to the target audiences we have identified. Professional photographers will capture images of your home that stand out on the pages of world-class publications. Our designers and copywriters will work together to build campaigns that may include direct mail, online and print advertising, social media, and high-end showcase exposés in targeted shops throughout our global network. We will market your property to prospective buyers, whom we have specifically identified both within and outside our network, and among our existing portfolio of shops throughout the Americas and around the world.

Full service marketing and advertising:

• Professional, high-quality creative assets

• Engel & Völkers brand recognition

• Advertisements in local, national, and international publications

• Preferred placements and branding on top real estate search sites

• Presence on the Engel & Völkers global website platform

• Social media and public relations

Multi-platform strategy

All encompassing reach

Local exposure:

• Access to Engel & Völkers advisor contacts and relationships

• Exclusive exposé display

• Inclusion in prominent local publications

• Local press opportunities

• Tailored property showings

• Premium yard sign

• Retail shop locations

Regional/National exposure:

• Access to Engel & Völkers Americas network

• Print advertising opportunities include:

– Private Residences Americas

– The Wall Street Journal

– Architectural Digest

– Forbes Magazine

– Private Air

– Town & Country

– Modern Luxury

Mansion Global

International exposure:

• Access to Engel & Völkers’ global network

• Worldwide exposés display

• Print advertising opportunities include:

• Financial Times

• GG magazine

• Globe and Mail

Online exposure:

• engelvoelkers.com

• evrealestate.com

• shop.evrealestate.com

• Engel & Völkers social media platforms

• Apartments.com

• Financial Times.com

• JamesEdition.com

• Juwai.asia

• Juwai.com

• Listhub

• Listhub Global

• MansionGlobal.com

• Realtor.com*

• WSJ.com

• Zillow*

Social media exposure

Engaging fans, sellers, and buyers

The Engel & Völkers network uses social media to connect with advisors, consumers, and influencers across the globe. The content, news, and listings we share engage and inform followers—ensuring that our brand, services, and premier properties remain a topic of conversation. As part of our social media strategy, we are located where our clients are and where potential clients want to be, provide content of value and enjoyment, and drive traffic to our properties. On a local level, our shop emulates this strategy with a focus on featuring notable listings like yours to increase their exposure to a targeted sphere of influence. We then rely on our global network to help amplify our properties worldwide.

Planning a successful in-home event

Letting your home tell the story

Careful planning, strategic preparation, and a deep understanding of your property are essential for a successful home showing or open house. From strategic scheduling and professional staging to the creative approach of hosting an in-home event, seasoned Engel & Völkers advisors consider these necessary elements to best showcase your property.

Our contacts include professional services for light repairs, landscaping, and staging.

We work with you to identify the most convenient dates and times for showings and promote them accordingly to achieve the best results and work with your schedule. After the showing, we will collect valuable feedback and information from those who have attended to enhance our marketing efforts going forward.

Proven measures for ensuring a successful showing:

• Talking points to elaborate on the home’s best features

• Depersonalizing interior design where appropriate

• Minimizing clutter

• Ideal scheduling

• Light repairs and landscaping to enhance curb appeal

Broadcasting throughout the Americas Shop TV

ShopTV is a powerful platform that showcases listings in Engel & Völkers shops across the Americas. These exceptional properties are displayed in high-definition alongside pertinent sales information, including the location, price, and listing advisor’s contact information.

By leveraging the reach of our network, these listings are displayed not only in front of Engel & Völkers advisors and license partners in major markets but also in front of potential buyers across the Americas.

Smart marketing. Extensive exposure. Giving

you the EDGE

Our Extensive Domestic & Global Exposure (EDGE) platform provides unprecedented reach to get your property in front of qualified consumers whether they’re next door, in the Americas, or abroad—because they deserve to see it and you deserve to sell it. Working with an Engel &Völkers advisor gives you the EDGE that gives each listing extensive online exposure in major markets via a suite of highly trusted and strategic digital and mobile marketing partners—an expectation of today’s savvy consumers and international clientele.

But we don’t stop there, with a global network of more than 16,000 real estate professionals in over 30 countries, we not only reach millions of consumers but are also able to collaborate with our fellow Engel & Völkers advisors to strategically handpick and refer buyers for the specific properties they seek…like yours.

Let us provide the EDGE you need to sell your home and begin your next adventure.

Reach the world’s leading corporate executives

FT.com has over 22 million monthly readers worldwide, reaching 31% of chief executive officers around the globe. Based in Great Britain, FT.com draws traffic from the United States, Canada, Germany, France, and beyond, with 10% of its readership from Asian countries. Its truly global audience enjoys a median household income of $312,000 and an average net worth of $3.2 million—empowering you to reach the wealthiest home buyers and sellers across the globe all in one place.

FT.com

The Wall Street Journal | Barron’s Group

Exceptional exposure worldwide

WSJ.com reaches a distinguished monthly global audience of 111.5 million digital readers with an average household net worth of $1,956,000.

When you list your home with Engel & Völkers, your property is seen not only on WSJ.com but also on its affiliated sites Barron’s, PENTA, MarketWatch, and Mansion Global, targeting European, Latin American, Indian, and Chinese consumers.

We ensure that your home has online exposure in all major markets—a high priority for selling premium properties to today’s digitally savvy and often international clientele.

GG magazine

Lifestyle. Personalities. Real Estate.

GG is your global guide to style and design. Engel & Völkers’ GG magazine is a high-end, glossy publication that offers our clients a way to stay informed on the latest news and trends in the world of luxury living. Published seasonally in six languages, GG unlocks exclusive access to some of the most fascinating personalities and stunning geographies while uniquely showcasing our clients’ finest listings to a curated audience of global clientele with an appreciation for the best in life. As part of GG, your property is delivered directly to Engel & Völkers’ top clients, distributed through our global network of attractive markets, and made available on newsstands throughout Europe. GG celebrates life and culture, and continues to be the centerpiece of our marketing efforts and the anchor for our growing brand influence.

Private Residences A curated property collection

Private Residences offers your property both national and international exposure, showcasing the finest properties within the Americas represented by Engel & Völkers. Highlighting your property’s most attractive attributes and details, this publication reaches potential buyers via partnerships with Modern Luxury Media and Dolce magazine, distributing to thousands of high-net-worth consumers along with digital and social media applications and additional exposure throughout Engel & Völkers shops.

Marketing with power

Engel & Völkers offers a distinct marketing portfolio to showcase every property at its finest to the greatest audience of potential buyers locally and across the globe. While there is no limit to our brand offerings, we work to identify the most influential marketing strategy to promote your specific property to whom we believe to be the ideal buyer.

Each Engel & Völkers shop has the ability to leverage our brand’s national and international marketing resources to create customized, multi-channel campaigns for each property we market.

By identifying the unique qualities of a property and placing it in the context of current and trending market conditions, we then identify target market groups and create campaigns to provide maximum exposure alongside messaging and branding to attract the most qualified buyers. Our creative approach is backed by consumer data and testing to ensure we highlight your property in the best light.

Global reach

A global online platform

Engaging qualified buyers

The Engel & Völkers global platform is the center of our integrated online marketing strategy. Inclusive of our local, national, and international sites designed to introduce and engage highly qualified potential buyers worldwide, our online presence receives over four million unique visitors every month. With the optimal consumer experience in mind, as well as innovative tools and functionality, the Engel & Völkers global platform increases engagement and interest to support the sale of your property. As part of an overall digital strategy, our shop-level websites concentrate on listing exposure to local and regional homebuyers, while potential buyers can discover our listings throughout the nation and the globe from our Engel & Völkers Americas and global sites for maximum exposure.

7States|45 Shops|885 Advisors|$4.1B2021SalesVolume

Gest alt Group advant ages

With Engel & Völkersand the Gestalt Group, you have a dedicated team working to achieve your real estate goals on both a local and global scale Working with Engel & Völkersmeansyoureceive thepersonal service of an expert advisor with specialized knowledgeof local market activity and trends This individual is not only a market leader, but is supported by an exclusive global network of systems and professionals dedicated to providing themost exceptional homebuying and selling experiencepossible

The power of the Engel & Völkers network is shown through its collaboration in executing and delivering marketing campaigns, public relations exposure, social media engagement, content creation, and global outreach With the local market expertise found in our neighborhood shops, the support you receive is amplified through our Americas headquarters in ManhattanandglobalheadquartersinGermany.

Gestalt Group Locations:

California: SantaBarbara, SantaYnez, Newport Beach, LagunaBeach,LongBeach, BeverlyHills, SanFrancisco, Sausalito, Danville,MillValley,SanAnselmo, SantaRosa Healdsburg,Napa,St Helena, Sonoma, Mendocino,Truckee

Arizona: Scottsdale,ScottsdaleWaterfront

Utah: ParkCity,Salt LakeCity,Holladay, Kamas,St George

Nevada: S LakeTahoe,InclineVillage,Reno

Colorado: Aspen,Snowmass,Carbondale, RoaringFork,Willits

Idaho: SunValley, McCall

Washington: SeattleDowntown,Mercer Island

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Access the Extraordinary

Engel & Völkers Yachting

Engel & Völkers occupies a unique place in the market as a premier provider of waterfront home and lifestyle offerings. When you work with Engel & Völkers, you get the best of both worlds – on land and on the water.

Like our approach to real estate, our yachting division offers exceptional service from expert advisors with acute expertise associated with the boating lifestyle. Whether linking clients with a yacht charter for a summer getaway or a boat to dock or moor at their waterfront property or in their community, Engel & Völkers Yachting is an outstanding resource for all yacht queries.

Our yachting advisors live, work, sail, motor, and race on the water, fully embracing and understanding the world of yachting. The direct access our real estate advisors have to boat experts and unique yacht services and events are resources that support the marketing of your property.

Engel & Völkers Yachting also provides a powerful connection to a group who prioritizes discretionary, lifestyle enhancing purchases, like fine real estate. Yachting shops are located in exclusive marinas and waterfront markets, and our team can assist you anywhere. To meet our yachting advisors and learn more, visit evyachting.com.

Beyond the transaction An ongoing relationship

Even after the transaction, our commitment to service continues. We remain dedicated to our clients and will promptly respond to any requests or questions you may have as you seek to live the best life possible in your new home. Our passion is knowing the communities we serve inside and out, and we want to be a continuous resource for you—after all, we live here too.

At Engel & Völkers, we take a long-term view of our client relationships. Through our research and interactions, we further understand your preferences to provide ongoing customized service for your future real estate needs. We also aim to impress you with the high-quality service we provide so we can continue as your advisor— and potentially one to your friends, colleagues, and family members—as you seek to achieve your future real estate goals.

It’s all in the details

Live your luxury.

Every market is different and every person distinct. From starter homes to dream homes, and even castles (yes, we can help with those too), Engel & Völkers makes luxury personally yours by discovering what it truly means to you.

No matter the price, size, or style of a home, Engel & Völkers ensures our clients receive the very best service and care. With experience and achievements in the worldwide locations where we operate, our network has

a breadth of tools and strategies for market research, strategic marketing, and listing exposure. These, combined with global brand recognition, continue to provide the Engel & Völkers advantage of reaching a wider audience of potential buyers for every home we represent. Through periods of strong economic growth and less certain times, Engel & Völkers has maintained consistent success in its sales, and we look forward to serving you.

Time To Sell

38 Days on Market

96.86% of list price

Sold homes were on the market for an average of 38 days before they accepted an offer. These homes sold for an average of 96.86% of list price.

ADDRESS STATUS LIST PRICE SOLD PRICE DOM % OF LIST $ 1 7227 93rd Avenue SE Sold $3,719,950 $3,526,250 90 94.79% 2 8425 SE 39th Street Sold $3,175,000 $3,250,000 2 102.36% 3 7880 80th Place SE Sold $3,390,000 $3,300,000 39 97.35% 4 6515 SE 30th Street Sold $3,595,000 $3,565,000 22 99.17% 5 5055 W Mercer Way Active $3,250,000 - 106 9523 SE 68th Street Active $3,600,000 - 427 8454 SE 44th Street Active $3,250,000 - 388 3633 90th Avenue SE Active $3,450,000 - 1829 5045 88th Avenue SE Active $3,688,000 - 197A Avverages erages $3, $3,457457,550 ,550 $3, $3,410,313 410,313 69 69 96.86% Gottesman Chapin Group Chapin Group Engel and V and Voelkoelkers ers (206) 898-2505 & (206) 948-9153 GottesmanChapinGroup@evrealestate.com
©2023Engel&Völkers Allrightsreserved Eachbrokerageindependentlyownedandoperated Engel&Völkers anditsindependent LicensePartnersareEqualOpportunityEmployersandfullysupport theprincipalsof theFair HousingAct Allinformationprovidedisdeemedreliablebut isnot guaranteedandshouldbeindependentlyverified If your propertyiscurrentlyrepresentedbyarealestatebroker,thisisnot anattempt tosolicit your listing GOTTESMANCHAPINGROUP ENGEL & VÖLKERSPRIVATEOFFICE Engel&VölkersMercer Island gottesmanchapin.com

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