Everything you need to know when buying a homes in Mercer Island WA
Find homes for sale Homes in Mercer Island WA.
Mercer Island is a city in King County, Washington, United States and the name of the island in Lake Washington on which the city sits. The population was 22,699 at the 2010 census. The population was 22,720 at 2013 Estimate from Office of Financial Management.
Located in the Seattle Metropolitan Area,[6] it is the most populated island in a lake within the United States. The ZIP code 98040 is unique to Mercer Island.
Mercer Island, named for the Mercer family of Seattle, was first settled between 1870 and 1880. The Mercer brothers often rowed between the island and Seattle to pick berries, hunt, and fish. Those brothers, Thomas Mercer and Asa Shinn Mercer, are members of the Mercer family of Virginia. The first large settlement, East Seattle, was toward the northwest side of the island near the McGilvra neighborhood. During 1889, a C C Calkins built a large and gilded resort, the Calkins Hotel. The hotel was reached via steamboat between Madison Park, Leschi Park, and the Eastside. Burnt by a mysterious fire, the hotel was razed during 1908.
Click here for a more complete History of Mercer Island.
These King homes have a super convenient location in Mercer Island near Amazon, Microsoft or Lake Washington. You will feel right at home in Mercer Island WA.
Homes for sale in Mercer Island include new construction, remodeled homes, foreclosures, short sales, and traditional resale homes. Home styles range from condos to townhomes and single-family homes.
Selling in Mercer Island? Request a custom evaluation for your home at Home for Sale in Mercer Island WA.
Affordable Spacious Single Family Homes or Condos
The one and two story homes you would expect to find for sale in Mercer Island WA are generally going to range between 900 and 4,600 square feet and mostly apartments. The average home is about 1,000 square feet and Average price per square foot for homes in 98040 was $416, an increase of 17.5% compared to the same period last year. Most of these homes were built back in the 1980's, with the last home completed in 2013. Most of the homes have been extensively remodeled and updated since then. The smallest homes in the neighborhood start with 1 bedrooms/1 bathrooms while the larger floor plans have a five or six bedroom layout. Floor plans feature spacious and kitchens, formal dining rooms, fireplaces, and spacious master bedrooms.
Prices vary depending upon floor plan, size, view, age, condition, updating and remodeling. The average listing price for Mercer Island Average Home prices range between $500,000 to $3,000,000. The average listing price for homes for sale in 98040 was $2,092,330, while the median sales price for homes in ZIP code 98040 in Mercer Island was $872,632 based on 31 sales.
Short Sale Homes in Mercer Island WA.
Foreclosed Homes in Mercer Island WA.
Resale Homes in Mercer Island WA.
Low or No Down Payment Options!
Homes in Mercer Island WA are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, VA zero down payment financing, and WSHF Washington State Housing Finance. Apply online to see which Low Down Payment Mortgage in Mercer Island options you qualify for.
What is a FHA-Insured Loans?? The FHA-insured loan was created to protect lenders from losses should the economy once again tank. That said, the borrower does receive benefits from the loan. First, she benefits from the meticulous appraisal of the home, and second, from the low down payment requirements and attractive interest rates offered by lenders. Read the Complete FHA Guide.
Good tip for Budgeting to Buy a House: The best way to start is by coming up with a budget that is realistic enough for you to stick with and by using other tips to help you get ahead financially… read more.
Learn more about Mortgage and Loan Process in Mercer Island.
STEPS OF THE HOME BUYING PROCESS
The home-buying process is complex, especially for the first-time buyer. Even those moving up to their next home have the challenge of both buying and selling a home at the same time while avoiding a housing gap. Even those who have purchased homes before may need guidance with some of the challenging steps. Follow this link to find the process boiled down as much as possible while still maintaining all the important parts. Enjoy!
If you are already preapproved, remember this 10 THINGS NOT TO DO AFTER LOAN APPLICATION. Never assume that your lender will go over this information, and cover these points if they do not.
Get to know your future neighbors!
Each neighborhood is unique. Each has a distinct history and identity and each offers something special in the way of amenities for its residents. We provide a glimpse into the character of Mercer Island’s neighborhoods here: MERCER ISLAND NEIGHBORHOODS AND VISITORS’ GUIDES & HELPFULL LINKS IN MERCER ISLAND WA
Get all the community information for Homes in Mercer Island WA with our customized Community Information tools including:
· Neighborhood crime rate
· The household incomes of your future neighbors
· Education levels for the community
· Potential for extreme weather and natural events
Find exclusive information and searches for Homes in Mercer Island per Neighborhoods to help you make more informed decisions. All the information is up current and is updated every day. Each month we publish market updates for Mercer Island. You can see the latest information in Sold vs Listing pricing, Market Inventory Trends, Home Ownership in Mercer Island, Income by household, Crime and Weather Risk, Everything that is near Mercer Island, Local Schools Ratings, and much more. You can also compare all these characteristics in Mercer Island with other nearby cities. In Global Home Brokers Real Estate Team we invest in this research and our clients always have the latest insights to make the best decisions with confidence.
Conveniently Located near Downtown Mercer Island WA
Just a short walk to Downtown Mercer Island. Several parks, trails, and shopping are all within a few miles of the homes in Mercer Island WA:
16.5 miles to Seattle-Tacoma International Airport
9.6 miles to Seward Park
4.9 miles to Bellevue Square Mall.
6.0 miles to Overlake Hospital Medical Center
0.3 miles to Mercer Island Library.
The Homes in Mercer Island WA are a great place to call home. You will not be disappointed if you end up living here. You can find homes for sale in Mercer Island all available Mercer Island WA homes for sale on my website.
Free Community and Demographic Reports for Mercer Island
Schools serving the homes in include Lakeridfe Elementary School, Islander Middle School and Mercer Island High School. The quality of a school can greatly influence home values in an area. Access detailed information on Mercer Island’s School Districts, school ratings, test scores by grade, student-teacher ratio, and much more.
Free Market Report For Homes Near Top School Districts in Mercer Island WA
The Community data in this Free Market Report is a consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.
Call or email anytime to discuss how this information can benefit you!
Thank you for reading about the Homes in Mercer Island WA!
Provided courtesy of the Global Home Brokers Team
Keller Williams Realty Bothell
Our goal is to be a resource for our clients and serve the community.
Give me a call and let's go find your home!
425-298-7318 for information on Buyer's Representation Services
(NO COST TO HOME BUYERS)
Search entire Washington MLS for FREE at www.GlobalHomeBrokers.com/search
Get a FREE report on YOUR HOME's Value at www.GlobalHomeBrokers.com/sell
Like us on Facebook! Facebook.com/HomeDeals
Comments(0)