5407 West Mercer Way

5407 West Mercer Way has been categorized by the local assessors in Mercer Island, WA as a residential type of property. The building on the property was first built in 1981 and is 43 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5407 West Mercer Way has 3,930 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement with daylight that is 1,270 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 15,070 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 820 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. In terms of heating, it is utilizing a heat pump and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Jul 16, 2019 for $2,388,000. That's $502.74 per sqft. Prior to that sales transaction, the property was also sold in Jun 10, 1992 for $649,500. 5407 West Mercer Way was last assessed in 2023. The total value of the property was assessed at $3,295,000. Specifically, the land the property is located on was valued at $1,972,000. While improvements on the property were assessed at a total of $1,323,000. 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 $22,688. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.