Sold384d on market
7425 E Mercer Way
Mercer Island, WA, 98040 • 98040 • King County
$2,500,000
$696/sqft
6Beds
4Baths
3,590Sqft
0.49 acLot
1941Built
Property DNA
Waterfront Property
Direct water access
Lake Views
Lake
Character Home
Built 1941 · 85 years of history
South End
98040
Outdoor Living
Dining Room · Fireplace · Skylight(s) · Wall to Wall Carpet · Water Heater
2 Fireplaces
Main Level: 2 · Fireplace
This home is getting attention
Listed 384 days ago · 18 views
Market activity
Demand and pricing signals for this listing
18 views
People checking out this listing
384 days on market
Established listing
$696/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 44% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1941
One of the original "homestead" properties of the island in beautiful setting with water views. Many potential options for customizing, starting over or possible development of the 21,000sf + lot. This home has architectural features of the mid century with exposed beam ceilings, large floor to ceiling windows and slate entry. Effective year built is 1954. Periodic renovations and updates since original construction in 1941. Additional dwelling (DADU) is freshly renovated-- a studs out beauty. Site improvements have been made and system updates in main home with new furnace, new appliances, updated bath and more. Plenty of bedrooms for work at home and guests. Fabulous layout for entertaining inside and out. Call your Broker for a showing!
Standout features identified
Our analysis highlights water views, exposed beam ceilings, and plenty of bedrooms as key attractions of this home.
Estimated monthly payment
Based on current rates
$15,567/month
Principal & Interest$12,234
Property Tax$2,500
Insurance$833
Down payment20% ($500,000)
3%50%
Est. 6.19% rate · 30yr fixed · $2,000,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1941
HeatingFireplace, Forced Air, Natural Gas
CoolingNone
ParkingDriveway, Off Street
Lot0.49 Acres
Offer Review Date2025-02-12
Property
Home typeSingle Family
Sub-typeSingle Family Residence
ConditionAverage
Year built1941
Systems
HeatingFireplace, Forced Air, Natural Gas
CoolingNone
RoofComposition
ConstructionWood Siding
Water / SewerPublic, Company: City / Sewer Connected, Company: City
Parking & Outdoor
ParkingDriveway, Off Street
BasementNone
Fireplaces2
Lot0.49 Acres
Location & Tax
Neighborhood98040
ZoningR 9-6
Annual tax$11,680
Parcel2579500150
Bathrooms & Fees
Full baths1
Features & details
12 categories of property features
Interior Features
Interior
Dining Room
Appliances
Dishwasher(s)
Dryer(s)
Refrigerator(s)
Stove(s)/Range(s)
Washer(s)
Water Heater: Gas
Flooring
Slate
Vinyl
Carpet
Heating
Fireplace
Forced Air
Natural Gas
Cooling
None
Fireplace
Main Level: 2
Fireplace
Windows
Skylight(s)
Exterior Features
Parking
Driveway
Off Street
Construction
Wood Siding
Patio & Porch
Dining Room
Fireplace
Skylight(s)
Wall to Wall Carpet
Water Heater
Lot Features
Value In Land
Cable TV
Outbuildings
Patio
Views
Lake
Room details
16 rooms detailed
Bedroom
MainBedroom
MainBedroom
MainBedroom
MainBedroom
Bedroom
Listing insights
Market data and value estimates
StatusSold
Days on market384
Est. value$2,477,300
Est. rent$6,727/mo
Tax rate0.82%
Price/sqft$696
On marketApr 12, 2025
PostedFeb 7, 2025
Last sold$2,500,000
MLS statusSold
MLS updatedApr 19, 2025
Tour days6
Views18
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
6 events
DateEventPrice$/sqftSource
Mar 19, 2025Sold$2,500,000$696NWMLS as distributed by MLS GRID
Feb 13, 2025Pending Sale$2,770,500$772NWMLS as distributed by MLS GRID
Feb 7, 2025Listed For Sale$2,770,500$772NWMLS as distributed by MLS GRID
Jan 19, 2021Sold$1,600,000$446NWMLS as distributed by MLS GRID
Dec 15, 2020Pending Sale$1,600,000$446NWMLS as distributed by MLS GRID
Dec 8, 2020Listed For Sale$1,600,000$446COMPASS
Sold$2,500,000
Mar 19, 2025•$696/sqft•NWMLS as distributed by MLS GRID
Pending Sale$2,770,500
Feb 13, 2025•$772/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$2,770,500
Feb 7, 2025•$772/sqft•NWMLS as distributed by MLS GRID
Sold$1,600,000
Jan 19, 2021•$446/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,600,000
Dec 15, 2020•$446/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,600,000
Dec 8, 2020•$446/sqft•COMPASS
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$11,609$1,771,000
Apr 8, 2023$11,680$1,695,000
Apr 8, 2022$11,640$1,896,000
Apr 8, 2021$10,445$1,417,000
Apr 8, 2020$10,456$1,305,000
Apr 8, 2019$11,273$1,426,000
Apr 8, 2018$10,498$1,396,000
Apr 8, 2017$10,938$1,260,000
Apr 8, 2016$8,282$1,134,000
Apr 8, 2015$8,282$1,027,000
Apr 8, 2014$8,282$946,000
Apr 8, 2013$8,282$894,000
Apr 8, 2012—$825,000
Apr 8, 2011—$815,000
Apr 8, 2010—$879,000
Apr 8, 2009—$879,000
Apr 8, 2007—$761,000
Apr 8, 2006—$706,000
Apr 8, 2005—$643,000
Apr 8, 2001$5,193$543,000
Apr 8, 2000$5,195$492,000
Nearby homes
Neighborhood details
Local context around this listing
Mercer Island, WA • King County
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 19:38:53 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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