tomo logo

$9,750,000

Beds
4
Baths
3.75
sq ft
3,900

8428 N Mercer Way, Mercer Island, WA 98040

8428 N Mercer Way

Mercer Island, WA 98040

  • 81 days on market
The epitome of waterfront living on Mercer Island's tranquil north shore. This rare rambler-style beach house offers a serene retreat with 4 bedrooms, including a primary suite boasting stunning views & 5-piece bath. The 85ft of private low-bank waterfront & sandy beach provide the perfect escape. Luther Burbank Park borders the west side, enhancing the natural beauty of the surroundings. Private dock w/covered boat & jet ski lifts offer unparalleled convenience. Spacious backyard features a large deck,Viking grill, sportcourt, hot tub, and panoramic views of Mt. Rainier & the Eastside. With an attached 3-car garage, this home seamlessly combines luxury with practicality. Includes a $250,000 credit for upgrades of your choice.

Details

Property type

Single Family Residence

Est. home value

$8,682,923

Lot size

0.4477 acres

Price per sq ft

$2,500

Year built

1986

Annual property taxes

$46,178

Price History

04/17/2024
NorthwestMLS

NorthwestMLS #2219163

Listed
$9,750,000
+8.48%
11/02/2023
NorthwestMLS

NorthwestMLS #2053391

Removed
$8,988,000
04/08/2023
NorthwestMLS

NorthwestMLS #2053391

Listed
$8,988,000

Schools & Community

Elementary school: 

Unknown

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

Cathay Bank

Loan start date

April 2018

Original loan amount

$1,788,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Jianrong Chang and Qing Wang

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 4:05 PM

Listing updated: 05/20/2024 at 1:54 PM

Listed by: Martin J. Ho, Berkshire Hathaway HS NW Phone #: (425) 453-9100

MLS: NorthwestMLS #2219163

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