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5320 West Mercer Way

5320 West Mercer Way, Mercer Island, WA 98040
Property in King
Sold Nov 23, 2020
$2,950,000
$2,000,000 by Cornerstone Home Lending Inc
Mortgage Due Dec 01, 2050
Sold Sep 08, 2008
$1,950,000
$25,000 by Bradley E Sparks
Mortgage Due Jan 15, 2009
5320 West Mercer Way in Mercer Island, WA was first built in 1975 and is 49 years old. Although, the building on the property was most recently renovated and altered in 2006. 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, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5320 West Mercer Way has 4,320 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. The basement is 1,450 sqft and has been categorized as a full basement with daylight. In total, the area measurement of the land is 17,318 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. 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 detached garage. The garage is 570 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 average. As for heating, the home is utilizing a heat pump 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. The property was last sold in Nov 11, 2020 for $2,950,000. That's $682.87 per sqft. Prior to that sales transaction, the property was also sold in Sep 1, 2008 for $1,950,000. 5320 West Mercer Way was last assessed in 2023. The total value of the property was assessed at $2,684,000. Specifically, the land the property is located on was valued at $1,303,000. While improvements on the property were assessed at a total of $1,381,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $18,484. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement with daylight
  • Basement Area: 1,450
  • Garage Type: Detached
  • Garage Square Area: 570
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 17,318
  • Total Building Area: 4,320
  • Gross Building Area: 4,320
  • Building Area: 4,320
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 4,320
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WESTSIDE GROVE
  • Land Acres: 0.398
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WESTSIDE GROVE TGW UND INT IN TR B PRIVATE PK

Ownership

  • Current Owner : QUASNEY JACQUELINE ROSE
  • Current Owner 2: QUASNEY EVAN NICHOLAS
  • Previous Owner : PERLA CARA M
  • Previous Owner 2: PERLA MICHAEL M
  • Owner Before Previous Owner: SPARKS BRADLEY E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Mercer Island School District
  • Census Tract: 024601

Zoning

  • Zoning: R-15

Geography

  • Account Number: 932010003006
  • District: MERCER ISLAN
  • Subdivision Tract Number: B
  • Parcel: 932010-0030
  • Lot: 3
  • Meridian: SEC 24 TWN 24 RNG 04
  • Municipality: MERCER ISLAND
  • Latitude: 47.5542
  • Longitude: -122.229

    Address

  • Full Address: 5320 W Mercer Way
  • Address - House Number: 5320
  • Street Direction: W
  • Address - Street Name: Mercer
  • Address - Suffix Type: Way
  • State: WA
  • City Name: Mercer Island
  • Carrier Code: C019
  • 4-Digit Zip Code: 4634
  • Zip Code: 98040

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $18,484
  • Tax Rate Code Area: 1031

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 3,055,403
  • High Value: 3,505,185
  • Low Value: 2,605,621

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Open Lien Mortgage Recording Date: Nov 23, 2020
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $2,684,000
  • Market Land Value: $1,303,000
  • Market Improvement Value: $1,381,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,684,000
  • Assessed Land Value: $1,303,000
  • Assessed Improvements Value: $1,381,000

    Sales

  • Current Sale Contract Date: Nov 11, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Transaction ID: 11802490893
  • Current Sale Price: $2,950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20201123003531
  • Previous Sale Recording Date: Sep 08, 2008
  • Previous Sale Contract Date: Sep 01, 2008
  • Previous Sale Amount: $1,950,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Mortgage Transaction Date: Nov 23, 2020
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BRADLEY E SPARKS
  • Previous Mortgage Transaction Date: Sep 08, 2008
  • Previous Mortgage Loan Amount: $25,000
  • Previous Mortgage Term: 3
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Jan 15, 2009

About Mercer Island



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5320 West Mercer Way located in?
The 5320 West Mercer Way is a located in the neighborhood of King in Mercer Island, Mercer Island.
What is the average sales price for listings in 5320 West Mercer Way?
The average sales price for units in 5320 West Mercer Way is $0 currently.

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