2 months on rocket

5438 E Mercer Way, Mercer Island, WA, 98040

$5,980,000

5 Bedrooms
2 Full Baths, 1 Partial
3,750 SqFt
$1,595/SqFt
House

Location

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Property Highlights

ParkingDetached Carport
Year Built1960
HeatingForced Air
CoolingNone
BasementYes
WaterfrontSeawall, Lake Front
FireplaceWood Burning
ViewLake, Mountain(s), Territorial
MLS #2273930
Lot Size0.58 Acres
StatusActive

About 5438 E Mercer Way

Discover unparalleled lakeside living with this refreshed contemporary home, perfectly positioned on a sprawling 0.58-acre lot with 85 feet of low-bank lake frontage and a private dock. Every room in this 5-bedroom, 3.5-bathroom home offers breathtaking views of the serene lake, seamlessly blending modern design with natures beauty. Wake up to panoramic views of Mt. Rainier and enjoy the tranquility of the water right at your doorstep. Every detail is designed to bring the outdoors in. Nestled in a community renowned for its excellent schools, this home is not just a residence but a lifestyle. A peaceful retreat ready to be enjoyed while offering incredible potential for expansion, to transform it into your forever home.

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 1960
  • Living Area: 3,750 SqFt

Listing Office:

  • Office Name: Realogics Sothebys Intl Rlty
  • Office Phone: (425) 800-0310
  • Listing Agent: Grace Yu

Interior Features

Interior Information:

  • Appliances: Double Oven, Disposal
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, See Remarks
  • Interior: Bath Off Primary, Ceramic Tile, Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Hardwood, Skylight(s), Sprinkler System, Water Heater
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Seawall, Lake Front
  • View: Lake, Mountain(s), Territorial
  • Exterior: Cement/Concrete, Wood

Parking Information:

  • Attached Garage: No
  • Parking: Detached Carport

Virtual/3D Tour

  • 3D Tour: 5438 E Mercer Way
3D Tour

Lot Features

Lot Information:

  • Lot: Dead End Street, Paved
  • Lot Size: 0.58 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: East on SE 53rd Place. Right on E Mercer Way. Left (at mailboxes)on Glenhome Rd. Left at first road (address rock)Last Home on the Left. Road opens up with space to turn around.

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,980,000
  • Price Per SqFt: $1,595/SqFt

Tax Information:

  • Annual Amount: $25,757
  • 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

5438 E Mercer Way vs Mercer Island

82 DAYS ON ROCKET

+47 Days

$5,980,000

+$3.6M More

$1,595/SqFt

+$807 More

KEY TAKEAWAY

This property is $3.6M more than the Median Sold Price and $807/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: #2273930

Listing Office:

  • Office Name: Realogics Sothebys Intl Rlty
  • Office Phone: (425) 800-0310
  • Listing Agent: Grace Yu

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: 11/13/2024, 1:17:47 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

Sep 27, 2019Home Sold
$3,618,000

Tax History

YEARPROP. TAXASSESSMENT
2020$25,757$3,218,000
2018$25,592$3,406,000
2017$28,523$3,288,000

History based on county public records data.

Payment Calculator

$29.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$17.9K

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NMLS#3030

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-311108
9
/10
  • Island Park Elementary School

  • 5437 Island Crest Way

  • 0.57 miles

  • Public District Grades KG-5

school-card-donut-311109
7
/10
  • Newport Heights Elementary School

  • 5225 119th Ave SE

  • 1.41 miles

  • Public District Grades KG-5

school-card-donut-311110
9
/10
  • Northwood Elementary School

  • 4030 86th Ave SE

  • 1.52 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $167,949. Residents of Mercer Island, WA typically earn $200k+ each year. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5438 E Mercer Way

What is the listing price of this property?

The listing price of 5438 E Mercer Way property is $5,980,000.

What type of property is this?

The property 5438 E Mercer Way is a house located in Mercer Island, Washington, 98040.

Is this property for sale now?

Active Listing: 5438 E 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 $25,757 (source: MLS/based on county public records data).

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

The last sale was on September 27, 2019 for $3,618,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5438 E Mercer Way has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5438 E Mercer Way is 3,750 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5438 E Mercer Way is 1960.
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Rocket Homes›Washington›King County›Mercer Island›98040›5438 E Mercer Way

This home is located at 5438 E Mercer Way in Mercer Island, WA and zip code 98040 in the Parkwood / Mercer Firs neighborhood. This 3,750 square foot home, which was built in 1960, sits on a 0.58 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $5,980,000.

In October 2024 more than 11 listings in Mercer Island, WA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while 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%. The median list price of listings available in October 2024 was $2,308,333, while the average time on the real estate market was 35 days.

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

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