8463 W Mercer Way, Mercer Island WA 98040
5 br 5 ba 7,860 sqft Single-Family Home| $6,250,000 |
Price reduced by $500,000
Description provided by Trulia.
Description provided by Realty Trac.
Listing Details
| Status | For Sale |
| Listing Type | Resale |
| MLS/Source ID | 28178364 |
| Full bathrooms | 5 |
| Price/sqft | $795 |
| Year built | 1995 |
| Days on Trulia | 180+ |
| ZIP code | 98040 |
| Total views (as of 7/11/09) |
65 |
Public Records
| Street # | 8463 |
| Street | W Mercer Way |
| City | Mercer Island |
| ZIP code | 98040 |
| Beds | 5 |
| Baths | 3.00 |
| Year built | 1995 |
| Sqft | 7,860 sqft |
| Lot Size | 0.53 acres |
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 04/09/2009 | Price change | $6,250,000 | coldwellbanker.com |
| 11/06/2008 | Price change | $6,750,000 | coldwellbanker.com |
Contact info
Provided by: coldwellbanker.com
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Average listing price is $5,062,500
| This home | ||
|---|---|---|
| Listing price: | $6,250,000 | |
| Compared to similar homes | ||
|---|---|---|
| Avg. listing price: | $5,062,500 | +23% |
| Compared to 98040 | ||
|---|---|---|
| Avg. listing price: | $2,021,400 | +209% |
| Avg. sales price: | $993,333 | +529% |
| Avg. price/sqft: | $478 | +66% |
Comparisons are relative to similar homes on Trulia and are intended as a
guide only. Home values are affected by many factors—find out more
| This home | ||
|---|---|---|
| Listing price: | $6,250,000 | |
| Compared to Mercer Island | ||
|---|---|---|
| Avg. listing price: | $2,021,400 | +209% |
| Avg. sales price: | $993,333 | +529% |
| Avg. price/sqft: | $478 | +66% |
Elementary
Middle
High
| SCHOOL NAME | SCHOOL TYPE | PARENT RATING | DISTANCE (mi) | TEST RATING |
|---|---|---|---|---|
|
Lakeridge Elementary School
Mercer Island School District 400 |
Public | 0.47 | ||
| My son attended kindergarten and is now in first grade. Both teachers are excellent and my son loves to go school. Great PTA and lots of after school… | ||||
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Emerson Elementary School
Seattle School District 1 |
Public | 1.56 | ||
| I think that this school needs total reconstruction on the inside. The district needs to have quality schools and staff across the board. I blame the… | ||||
|
Kennydale Elementary School
Renton School District 403 |
Public | 1.67 | ||
| My child was in 4th and 5th grade at Kennydale. He said that there were too many kids for the teacher to handle. The teacher often forgot his name. The… | ||||
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Amazing Grace Christian School
|
Private | 1.81 | ||
| I was a graduate of this incredible school! This school has changed my entire life. It has many fun and creative classes which include dance, music, and… | ||||
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St Paul School
|
Catholic | 1.83 | ||
| I moved my girls to St. Paul after a not so great experience at another Catholic school. I have been delighted! It is a diverse well run small school.… | ||||
View all schools in:
Mercer Island School District 400
, Seattle School District 1
, Renton School District 403
Proximity to this address does not guarantee enrollment eligibility. Please contact a local real estate pro for more info
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Open house times for:8463 W Mercer Way, Mercer Island WA 98040 |
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Recent Q&A in Mercer Island, WA
| Communities near 8463 W Mercer Way, Mercer Island | ||||||||||||||
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This Single-Family Home located at 8463 W Mercer Way, Mercer Island WA, 98040 is currently for sale and has been listed on Trulia for 249 days. This property is listed by coldwellbanker.com for $6,250,000. 8463 W Mercer Way has has 5 beds, 5 baths, and approximately 7,860 square feet. The property was built in 1995. 8463 W Mercer Way is in Mercer Island and in ZIP Code 98040. The list price of $6,250,000 is 209% higher than the average list price of $2,021,400 for 98040 real estate and 209% higher than the average list price of $2,021,400 for Mercer Island, WA real estate. The price for this property is 529% higher than the average sales price of $993,333 for 98040 and 529% higher than the average sales price of $993,333 for Mercer Island. The price per square foot for this property is $795, which is 66% higher than the average of $478 for 98040, and 66% higher than the average of $478 for Mercer Island.
School information provided by OnBoard Informatics Copyright (c) 2008. Information is deemed reliable but not guaranteed.
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Pre-Foreclosure (Notice of Default or Lis Pendens)
The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. Auction (Notice of Trustee Sale or Notice of Foreclosure Sale) If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner. Bank-owned (Real Estate Owned) If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction property. |
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Home price comparisons are relative to similar homes on Trulia (a close match to the home you're looking at based on how close it is, property type, size, number of bedrooms and bathrooms). Home buyers should note that property value estimates are affected by many factors and should only be used as a guide. Factors affecting home values include things like:
For further advice when evaluating a home, contact a local real estate professional. |
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A similar home is a close match to the home you're looking at based on property type, number of bedrooms and bathrooms, property age, and of course how close it is. Comparing similar homes (either for sale or sold) with the home you're looking at can help you establish a context for the listing price. Simply put, it's price comparison for houses!
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