tomo logo

$5,995,000

Beds
5
Baths
4.5
sq ft
5,600

4022 E Mercer Way, Mercer Island, WA 98040

4022 E Mercer Way

Mercer Island, WA 98040

  • Pending
Distinctive waterfront retreat offering extended days of entertainment & luxurious living. Enjoy all the views...Lake Washington, Mt. Rainier & twinkle lights at night. This amazing home underwent a thoughtful & substantial remodel in 2017, creating open spaces, Nana wall for seamless indoor/outdoor living, & exquisite finishes. The epicurean kitchen features custom cabinetry, 2 sinks/2 dishwashers/2 wine refrigerators/2 wine towers & walk-in pantry. Creative built-ins are found in both main floor offices & thruout the home. Owner suite is a sanctuary with a Juliette deck, spa-style bath & spacious walk-in closet incl W/D. Manicured yard draws you to no-bank water's edge with private dock for boat & other watercraft. Sonos system/EV outlet.

Details

Property type

Single Family Residence

Est. home value

$5,103,572

Lot size

0.3057 acres

Price per sq ft

$1,071

Year built

1956

Annual property taxes

$25,378

HOA

No

Price History

10/03/2024
NorthwestMLS

NorthwestMLS #2272298

Pending
$5,995,000
08/01/2024
NorthwestMLS

NorthwestMLS #2272298

Listed
$5,995,000
+98.18%
02/11/2016
NorthwestMLS

NorthwestMLS #873678

Sold
$3,025,000
+4.31%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Mercer Island

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$4,655,206
Asking price
$5,995,000
Closing costs (~8% of asking)
-$479,600
Est. remaining loan balance
-$860,194
Cash to seller
$4,655,206

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

April 2021

Original loan amount

$1,072,524

Est. remaining balance

$860,194

Interest rate

2.34%

Loan type

New Conventional, 15 year

Seller

Raquel M Lackey and Richard W Lackey

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 10/07/2024 at 1:20 AM

Listing updated: 10/03/2024 at 1:33 PM

Listed by: Kris Holden, Windermere RE West Campus Inc Phone #: (253) 838-7900

MLS: NorthwestMLS #2272298

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