2 months on rocket

5248 W Mercer Way, Mercer Island, WA, 98040

$2,850,000

3 Bedrooms
3 Full Baths, 1 Partial
2,940 SqFt
$969/SqFt
House

Location

Image provided by Mapbox

Property Highlights

ParkingAttached Carport, Driveway
Year Built1962
HeatingForced Air, Heat Pump
CoolingCentral Air
BasementYes
FireplaceGas
ViewTerritorial
MLS #2289224
Lot Size0.27 Acres
StatusActive

About 5248 W Mercer Way

Brilliantly reimagined mid-century residence originally designed by iconic Seattle architect Fred Bassetti in 1962. A complete remodel by Chadbourne + Doss won the AIA honor award in 2011. Known as The Wood Block Residence, this home has been featured in Dwell & Pacific Northwest Magazine. Features include a large steel & glass pivot door at entry, white Caesarstone kitchen island, concrete, Milestone plaster & baths set against dark stained oak floors & cedar wood wrapped walls & ceilings. The residence embraces the work from home concept & was created w/ a main floor primary suite, office space, a large great room & main floor deck. The lower level is multifunctional, with office/media room, 2 addl bdrms, 2 ba & private outdoor courtyard.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Living Area: 2,940 SqFt

Listing Office:

  • Office Name: Realogics Sothebys Intl Rlty
  • Office Phone: (206) 538-0730
  • Listing Agent: Moira E Holley

Interior Features

Interior Information:

  • Appliances: Double Oven, Disposal
  • Basement: Yes
  • Flooring Type: Concrete, Hardwood
  • Interior: Bath Off Primary, Concrete, Dining Room, Fireplace, Hardwood, Security System, Skylight(s), Water Heater, Wet Bar, Wired for Generator
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Territorial
  • Exterior: Cement/Concrete, Metal/Vinyl, Wood

Parking Information:

  • Attached Garage: No
  • Parking: Attached Carport, Driveway

Lot Features

Lot Information:

  • Lot: Paved
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: South on Island Crest Way, Right on Merimount. Left on West Mercer Way. House is on the left in the 5200 block.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,850,000
  • Price Per SqFt: $969/SqFt

Tax Information:

  • Annual Amount: $11,719
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Mercer Island, WA.

Med. Sold Price

$2.3M

Med. Price/SqFt

$787

Avg. Days On Market

35

# of Sold Homes

33

5248 W Mercer Way vs Mercer Island

65 DAYS ON ROCKET

+30 Days

$2,850,000

+$541.6K More

$969/SqFt

+$181 More

KEY TAKEAWAY

This property is $541.6K more than the Median Sold Price and $181/SqFt more than other homes in Mercer Island, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2289224

Listing Office:

  • Office Name: Realogics Sothebys Intl Rlty
  • Office Phone: (206) 538-0730
  • Listing Agent: Moira E Holley

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 1:47:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 26, 2006Home Sold
$788,000

Tax History

YEARPROP. TAXASSESSMENT
2020$11,719$1,463,000
2018$11,339$1,508,000
2017$11,814$1,361,000

History based on county public records data.

Payment Calculator

$14.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,611

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-345431
9
/10
  • Island Park Elementary School

  • 5437 Island Crest Way

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-345432
9
/10
  • West Mercer Elementary School

  • 4141 81st Ave SE

  • 1.16 miles

  • Public District Grades KG-5

school-card-donut-345433
9
/10
  • Northwood Elementary School

  • 4030 86th Ave SE

  • 1.32 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $146,429. Residents of Mercer Island, WA typically earn between $100k-200k each year. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5248 W Mercer Way

What is the listing price of this property?

The listing price of 5248 W Mercer Way property is $2,850,000.

What type of property is this?

The property 5248 W Mercer Way is a house located in Mercer Island, Washington, 98040.

Is this property for sale now?

Active Listing: 5248 W Mercer Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $11,719 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 26, 2006 for $788,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5248 W Mercer Way has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 5248 W Mercer Way is 2,940 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5248 W Mercer Way is 1962.
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Rocket Homes›Washington›King County›Mercer Island›98040›5248 W Mercer Way

This home is located at 5248 W Mercer Way in Mercer Island, WA and zip code 98040 in the Parkwest neighborhood. This 2,940 square foot home, which was built in 1962, sits on a 0.27 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $2,850,000.

While more than 11 listings in Mercer Island, WA in October 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 16 were sold below. Between September 2024 and October 2024, Mercer Island, WA real estate market has seen decrease in the number of listings by 10.2%. Listings spent 35 days on the market in October 2024, and had a median list price of $2,308,333 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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