Score
0Mercer Island, WA
8211 Avalon Dr
2.5M
4 beds
2 baths
2,150 sqft
4 bd • 2 ba • 2,150 sf
This analysis was generated on 2/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$2,493,200
Price/Sq.Ft
$1,160
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Mercer Island is known for its excellent schools, making this property attractive to families prioritizing education.
• The median income on Mercer Island is $170,000, indicating an affluent community with high property values and a desirable quality of life.
• Strong rental market with a four-bedroom rental rate of $4,500 per month, offering potential income for investors or homeowners looking to offset mortgage costs.
• Proximity to Seattle provides convenient access to employment opportunities, cultural attractions, and amenities. Mercer Island is a desirable location for those working in the city.
The Bad
• The high price per square foot ($1159.63) is significantly above the average for similar properties in the Seattle metropolitan area, suggesting either a premium location or overpricing. Further comparative market analysis is needed.
• The lack of property details, including the year built and specific features, creates uncertainty about the home's condition and potential maintenance costs. This makes it difficult to assess the true value of the property.
• The absence of a property description limits understanding of the home's layout, amenities, and overall appeal. This lack of information can deter potential buyers.
• Mercer Island's limited public transportation options and potential traffic congestion may pose challenges for commuters, especially those working outside the island.
The Ugly
• The unknown build year raises concerns about potential structural issues, outdated systems (plumbing, electrical), and the need for significant renovations. This could result in unexpected costs.
• The lack of property features listed suggests the home may lack modern amenities or upgrades, requiring substantial investment to bring it up to current standards. This could impact the resale value.
• The absence of room details makes it difficult to assess the layout and functionality of the home, potentially deterring buyers with specific needs or preferences.
• Without utility information, it's impossible to estimate the monthly costs of heating, cooling, and other essential services. This lack of transparency can make budgeting difficult.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• High-income individuals seeking a prestigious address and excellent schools, who value location over the need for a modern, updated home. The median household income in Mercer Island is $170,000, suggesting this property is best suited for those well above this threshold.
• Buyers interested in a property with renovation potential to customize to their taste. This property likely needs updating, offering a blank canvas for those with specific design preferences.
• Families or individuals who plan to rent out the property, given the strong rental market. The estimated monthly rental income for a four-bedroom home is $4,500, which could offset mortgage costs.
• Seattle commuters who value a shorter commute and access to high-end amenities. Mercer Island offers a convenient location for those working in Seattle's tech industry.
Not For
• Buyers on a strict budget or those seeking a move-in ready home. The high price per square foot ($1159.63) and likely need for renovations make this property less suitable.
• Individuals who prefer a modern, updated home without the hassle of renovations. This property likely needs significant updates.
• Those who prefer larger lots or extensive property features. The listing lacks details on lot size and features, indicating they may be limited.
• Buyers sensitive to potential traffic congestion or limited public transportation options. Mercer Island's infrastructure may present challenges for some commuters.
Demographics
Area Median Income
$170,000
Property History
Price History
Ownership Timeline
$0Financed
Sep 19, 2012Joanne PetittoGregory J Ritts
Quit Claim Deed
Non-Arm's Length Transactions
$875,000Financed
Jun 24, 2010Cor Segers, Velma SegersGregory J Ritts
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 11, 1996Cornelis Segers, Betty M SegersCornelis Segers
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$2,390
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,493,200
Price/sqft
$1,160
Layout
4 bd•2 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$955,833
160.8%
Your price is 160.8% above average
Median Price
$925,000
169.5%
Based on 6 recent sales
Price per Sq.Ft
$425
172.9%
Your price is 172.9% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1114 N 37th Street, Renton, WA 98056 | $540,000 | 2,160 | 4 | 2 | $25078.4% | 9/6/2024 |
| 1007 N 30th Street, Renton, WA 98056 | $1,080,000 | 2,280 | 3 | 2 | $47459.2% | 9/6/2024 |
| 8570 SE 73rd Street, Mercer Island, WA 98040 | $895,000 | 2,310 | 4 | 2 | $38766.6% | 9/6/2024 |
| 6551 81st Avenue SE, Mercer Island, WA 98040 | $925,000 | 2,315 | 4 | 2 | $40065.5% | 9/6/2024 |
| 6801 96 Avenue SE, Mercer Island, WA 98040 | $900,000 | 2,360 | 3 | 2 | $38167.1% | 9/6/2024 |
| 3713 Meadow Avenue N, Renton, WA 98056 | $1,395,000 | 2,120 | 4 | 3 | $65843.3% | 10/22/2024 |
1114 N 37th Street, Renton, WA 98056
Price: $540,000
Sq.Ft: 2,160
Beds/Baths: 4/2
$/Sq.Ft:
$25078.4%
Sale Date: 9/6/2024
1007 N 30th Street, Renton, WA 98056
Price: $1,080,000
Sq.Ft: 2,280
Beds/Baths: 3/2
$/Sq.Ft:
$47459.2%
Sale Date: 9/6/2024
8570 SE 73rd Street, Mercer Island, WA 98040
Price: $895,000
Sq.Ft: 2,310
Beds/Baths: 4/2
$/Sq.Ft:
$38766.6%
Sale Date: 9/6/2024
6551 81st Avenue SE, Mercer Island, WA 98040
Price: $925,000
Sq.Ft: 2,315
Beds/Baths: 4/2
$/Sq.Ft:
$40065.5%
Sale Date: 9/6/2024
6801 96 Avenue SE, Mercer Island, WA 98040
Price: $900,000
Sq.Ft: 2,360
Beds/Baths: 3/2
$/Sq.Ft:
$38167.1%
Sale Date: 9/6/2024
3713 Meadow Avenue N, Renton, WA 98056
Price: $1,395,000
Sq.Ft: 2,120
Beds/Baths: 4/3
$/Sq.Ft:
$65843.3%
Sale Date: 10/22/2024
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