tomo logo

$4,500,000

Beds
5
Baths
4.75
sq ft
5,820

7228 SE 24th St, Mercer Island, WA 98040

7228 SE 24th St

Mercer Island, WA 98040

  • 23 days on market
    • Open house Jul 06
Stunning Vista home, luxurious living with lake views from almost every room. An impressive entry invites you into a home filled with exceptional architecture. The living room features coved and vaulted ceilings, expansive kitchen perfect for entertaining. Outdoor living on the large view deck, complete with dining and seating areas. Office with built-in cabinets. All four upstairs bedrooms are ensuites, many offering breathtaking views. The lower level features a fifth bedroom, game room, wet bar, media room, wine storage, mud area, large three-car garage with electric car charger, EV4 system and battery-backed doors. Elevator connects lower level to the main floor. Additional highlights, multi-zone AC/Heat, 2 water heaters and generator

Details

Property type

Single Family Residence

Est. home value

$4,454,763

Lot size

0.3638 acres

Price per sq ft

$774

Year built

2001

Annual property taxes

$21,483.96

Price History

06/12/2024
NorthwestMLS

NorthwestMLS #2249811

Listed
$4,500,000
+13.64%
08/31/2021
NorthwestMLS

NorthwestMLS #1787864

Sold
$3,960,000
+41.43%
05/17/2018
NorthwestMLS

NorthwestMLS #1233665

Sold
$2,800,000
+94.11%

Schools & Community

Elementary school: 

Northwood Elem

Middle school: 

Islander Mid

High school: 

Mercer Isl 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

$2,149,023
Asking price
$4,500,000
Closing costs (~8% of asking)
-$360,000
Est. remaining loan balance
-$1,990,977
Cash to seller
$2,149,023

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

May 2018

Original loan amount

$2,240,000

Est. remaining balance

$1,990,977

Interest rate

4.45%

Loan type

New Conventional, 30 year

Seller

Douglas Laurence and Virginia Laurence

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?

Similar Homes Nearby

$4,088,888
5 bd
|
5.5 ba
|
5,017 sq ft
|
House

3411 96th Ave SE, Mercer Island, WA 98040

Listing provided by NWMLS

$4,695,000
5 bd
|
4 ba
|
6,100 sq ft
|
House

1649 100th Pl SE, Bellevue, WA 98004

Listing provided by NWMLS

$4,084,000
5 bd
|
4.25 ba
|
5,379 sq ft
|
House

4419 Ferncroft Rd, Mercer Island, WA 98040

Listing provided by NWMLS

Status: Active

Tomo last checked: 07/04/2024 at 9:15 PM

Listing updated: 07/02/2024 at 12:34 PM

Listed by: Helena Chen, eXp Realty Phone #: (888) 317-5197

MLS: NorthwestMLS #2249811

NorthwestMLS logo

Recently listed in Mercer Island