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4358 East Mercer Way

4358 East Mercer Way, Mercer Island, WA 98040
Property in King
Sold Mar 09, 2020
$2,193,500
$1,864,475 by Key Bank Na
Mortgage Due Apr 01, 2050
Sold Apr 24, 1992
$340,000
4358 East Mercer Way in Mercer Island, WA was first built in 1926 and is 98 years old. Although, the building on the property was most recently renovated and altered in 1992. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 4358 East Mercer Way has 3,580 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 14,749 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as good. As for heating, the home is utilizing a forced air unit and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 4358 East Mercer Way was last sold in Feb 27, 2020 for $2,193,500. According to our calculations, that's $551.13 per sqft. Prior to that sales transaction, the property was sold for $340,000 in Apr 24, 1992. Current property owners are expected to pay $17,452 in taxes per year. The property on 4358 East Mercer Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,534,000. To break that down further, the land itself was valued at $1,263,000. While improvements to the property were assessed at a total of $1,271,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: A
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,749
  • Total Building Area: 3,980
  • Gross Building Area: 3,980
  • Building Area: 3,580
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,580
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ADAMS LAKE WASHINGTON TRS
  • Land Acres: 0.339
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADAMS LAKE WASHINGTON TRS POR 2 BEG AT NW COR TH E 1240 FT M/L TO ELY MGN OF E MERCER WAY TH S 80 DEG 23 MIN 50 SEC E 465.90 FT TH S 16 DEG 48 MIN 10 SEC W 15.11 FT TO TPOB TH N 59 DEG 25 MIN 20 SEC W 64.26 FT TH N 80 DEG 23 MIN 50 SEC W 43 FT TH S 7

Ownership

  • Current Owner : HEMSTAD JAN R
  • Current Owner 2: HEMSTAD DARCY M
  • Previous Owner : LANDEFELD STEWART M
  • Previous Owner 2: BREEN MARGARET
  • Owner Before Previous Owner: HULLIN STEPHEN L
  • Owner Before Previous Owner 2: HULLIN LOESSA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mercer Island School District
  • Census Tract: 024500

Zoning

  • Zoning: R-15

Geography

  • Account Number: 004610010508
  • District: MERCER ISLAN
  • Subdivision Tract Number: 3
  • Parcel: 004610-0105
  • Lot: 2
  • Meridian: SEC 18 TWN 24 RNG 05
  • Municipality: MERCER ISLAND
  • Latitude: 47.5679
  • Longitude: -122.21

    Address

  • Full Address: 4358 E Mercer Way
  • Address - House Number: 4358
  • Street Direction: E
  • Address - Street Name: Mercer
  • Address - Suffix Type: Way
  • State: WA
  • City Name: Mercer Island
  • Carrier Code: C006
  • 4-Digit Zip Code: 3826
  • Zip Code: 98040

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $17,452
  • Tax Rate Code Area: 1031

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 2,833,912
  • High Value: 3,291,649
  • Low Value: 2,376,174

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,264,475
  • First Open Lien Mortgage Lender: KEY BANK NA
  • First Open Lien Mortgage Recording Date: Mar 09, 2020
  • First Open Lien Mortgage Loan Amount: $1,864,475
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050
  • Second Open Lien Mortgage Lender: KEY BANK NA
  • Second Open Lien Mortgage Recording Date: Jun 29, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $400,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 23, 2050

    Market Valuation

  • Market Total Value: $2,534,000
  • Market Land Value: $1,263,000
  • Market Improvement Value: $1,271,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,534,000
  • Assessed Land Value: $1,263,000
  • Assessed Improvements Value: $1,271,000

    Sales

  • Current Sale Contract Date: Feb 27, 2020
  • Current Sale Recording Date: Mar 09, 2020
  • Current Sale Transaction ID: 11745682707
  • Current Sale Price: $2,193,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200309000898
  • Previous Sale Recording Date: Apr 24, 1992
  • Previous Sale Contract Date: Apr 24, 1992
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KEY BANK NA
  • First Mortgage Transaction Date: Mar 09, 2020
  • First Mortgage Loan Amount: $1,864,475
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

About Mercer Island



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Nearby Rentals

Unit for rent at 2758 78th Ave Se, Mercer Island, WA, 98040

$3,460 /mo

  • 2 Beds
  • 2 Baths
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2758 78th Ave Se #511, Mercer Island, WA, 98040 Listing by Island Square

Frequently Asked Questions

What neighborhood is 4358 East Mercer Way located in?
The 4358 East Mercer Way is a located in the neighborhood of King in Mercer Island, Mercer Island.
What is the average sales price for listings in 4358 East Mercer Way?
The average sales price for units in 4358 East Mercer Way is $0 currently.

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