tomo logo

$6,995,000

Beds
3
Baths
3.25
sq ft
3,860

7226 N Mercer Way, Mercer Island, WA 98040

7226 N Mercer Way

Mercer Island, WA 98040

  • 81 days on market
    • Price drop $355,000↓
Your Mid-Century waterfront dreams await. This renovated NW Modern home was designed by renowned architect Reid A. Morgan. Located on the desirable north end of Mercer Island, the June 1971 House Beautiful magazine cover home was designed to embrace sweeping views from every level with floor-to-ceiling windows in the two-story living room. Beautiful decks & patios offer a front-row seat to boaters, sunsets & the downtown Bellevue skyline. 82 feet of waterfront & shared dock with lift. The sleek, updated, view kitchen boasts a large island with eating space. Two primary suites + office + den + exercise/rec room. Updates include roof, driveway & windows. Lush grounds originally designed by Robert Chittock. Just a three-minute drive to town!

Details

Property type

Single Family Residence

Est. home value

$7,294,979

Lot size

0.311 acres

Price per sq ft

$1,813

Year built

1968

Annual property taxes

$47,752

Price History

06/14/2024
NorthwestMLS

NorthwestMLS #2223458

Price change
$6,995,000
-4.83%
04/17/2024
NorthwestMLS

NorthwestMLS #2223458

Listed
$7,350,000
-2.65%
01/12/2024
NorthwestMLS

NorthwestMLS #2173159

Removed
$7,550,000

Schools & Community

Elementary school: 

Northwood Elem

Middle school: 

Islander Mid

High school: 

Mercer Isl High

School district: 

Mercer Island

Seller’s Loan History

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

Lender

Fresh Source Inc

Loan start date

May 2023

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

6.27%

Loan type

Not Provided

Seller

Kevin Corbett and Lisa Corbett

Lender

Us Bank Na Nd

Loan start date

July 2012

Original loan amount

$390,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

Credit Line (Revolving), 25 year

Seller

Kevin J Corbett and Lisa Corbett

Lender

Bank Of America Na

Loan start date

March 2011

Original loan amount

$1,427,000

Est. remaining balance

$1,033,166

Interest rate

4.81%

Loan type

New Conventional, 30 year

Seller

Kevin J Corbett and Lisa Corbett

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: Active

Tomo last checked: 07/07/2024 at 3:15 PM

Listing updated: 06/14/2024 at 10:23 AM

Listed by: Tere Foster, COMPASS Phone #: (425) 242-6440

MLS: NorthwestMLS #2223458

NorthwestMLS logo

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