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$8,500,000

Beds
5
Baths
4.25
sq ft
5,730

8002 Avalon Pl, Mercer Island, WA 98040

8002 Avalon Pl

Mercer Island, WA 98040

  • 46 days on market
Embrace the epitome of waterfront luxury living with this unparalleled estate nestled along the serene shores of Mercer Island's prestigious south end. Wake up to dramatic views of Mt. Rainier sparkling over the tranquil waters of Lake Washington. Spanning a meticulously landscaped 12,910-square-foot lot, this architectural marvel boasts 85 ft of pristine waterfront, complete w/deep water moorage, boat and jet ski lifts and an oversized shared dock (with just one other home), offering direct access to the excitement of the lake. Expansive decks, gourmet kitchen, BBQ & pizza oven are built for entertaining and sunken spa and cedar sauna for relaxing. Stone, metal and wood come together in an unmatched level of refinement and sophistication.

Details

Property type

Single Family Residence

Est. home value

$8,268,500

Lot size

0.2964 acres

Price per sq ft

$1,484

Year built

1990

Annual property taxes

$40,850.44

Price History

05/22/2024
NorthwestMLS

NorthwestMLS #2240962

Listed
$8,500,000
+240%
12/09/2004
NorthwestMLS

NorthwestMLS #24126879

Sold
$2,500,000

Schools & Community

Elementary school: 

Lakeridge 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

$6,125,067
Asking price
$8,500,000
Closing costs (~8% of asking)
-$680,000
Est. remaining loan balance
-$1,694,933
Cash to seller
$6,125,067

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

October 2021

Original loan amount

$1,800,000

Est. remaining balance

$1,694,933

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Michael L Neil and Lisa C Lee

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

$9,500,000
5 bd
|
3.5 ba
|
4,280 sq ft
|
House

5237 82nd Ave SE, Mercer Island, WA 98040

Listing provided by NWMLS

Status: Active

Tomo last checked: 07/07/2024 at 3:10 PM

Listing updated: 06/25/2024 at 5:23 PM

Listed by: Jan M. Selvar, Windermere Real Estate Co. Phone #: (206) 448-6000

MLS: NorthwestMLS #2240962

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