7505 Southeast 28th Street, Mercer Island, WA 98040

Downtown Mercer Island, King
3 Stories
Built in 1960
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Welcome to 7505 Southeast 28th Street, a building located in Downtown Mercer Island, King in Mercer Island, WA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1960. There are a total of 3 floors. The market value for the land that the building sits on has been listed at $1,932,100. In addition, improvements upon the building have an added value of $8,070,900. In total, the total market value of the property as a whole is $10,003,000. According to local assessors, the total value of the building is currently valued at $10,003,000. Specifically, the value of the land that the property sits on has been assessed at $1,932,100. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
1960
Effective Year Built
1996
Building Count
1
Bedroom Count
0
Building Condition
Average
Building Quality
C
Construction Type
Wood
Building Style
Custom
Exterior Walls Type
Stucco
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
3
Living Units
25
Business/Commerical Units Count
1
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
Open
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Location Influence Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
MERCER VIEW ADD
Land Acres
0.555
Standard Land Use Code
Apartments (generic)
County Land Use Code
Pipeline or right-of-way
Legal Description 1
MERCER VIEW ADD
Ownership
Current Owner's Name
MVT APTS LLC
Owner Address - City
KIRKLAND
Owner Address - State
WA
Owner Address - ZIP Code
98034
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Mercer Island School District
Census Tract
024301
Census Block Code
4010
Census Group
4
Census Year
2018
Census - Combined Statistical Area - Area Code
500
Census - Combined Statistical Area - Area Name
Seattle-Tacoma, WA
Census - County FIPS
53033
Census - Full FIPS
530330243004010
Census - Metropolitan Division - Area Code
42644
Census - Metropolitan Division - Area Name
Seattle-Bellevue-Everett, WA
Census - Metro Micro Statistical Area - Area Code
42660
Census - Metro Micro Statistical Area - Area Name
Seattle-Tacoma-Bellevue, WA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
5345005
Census Source
US Census Bureau
Census State FIPS
53
Census Tract Code
024300
School District - Unified - Grade High
12
School District - Unified - Grade Low
KG
School District - Unified - LEA Code
5304980
School District - Unified - Name
Mercer Island School District
Zoning
Zoning
MF-2
Geography
Account Number
545380000509
District
MERCER ISLAN
Parcel
545380-0005
Lot
1
Lot Code
unknown
Meridian
SEC 12 TWN 24 RNG 04
Municipality
MERCER ISLAND
Latitude
47.5851
Longitude
-122.238
FIPS
53033
Mailing Carrier Code
C040
Mailing Street Direction
NE
Mailing Full Street Address
11410 NE 124TH ST
Mailing House Number
11410
Mailing Street Mode
ST
Mailing Street
124TH
Mailing 4-Digit Zip Code
4399
Old APN
545380000509
Geo Status Code
unknown
Valuation
Timestamp
2024-03-11 22:07:57
UCID Flag
C
More About The Building
In total, the building area is listed as 22,315 square feet. The building itself has 22,315 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 7505 Southeast 28th Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Downtown Mercer Island area have a median price of $2,273. Those in the 25th percentile, have a price around $1,949. While those in the 75th percentile, have a price around $3,035. Typically, the buildings in this area have a median sqft of 711. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $3. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There are currently a total of 8 studio listings. The median price for these types of listings is $1,948. That's $3.38 price per sqft.

  • There are currently a total of 4 one bedroom listings. The median price for these types of listings is $2,588. That's $3.34 price per sqft.

  • There are currently a total of 4 two bedroom listings. The median price for these types of listings is $3,581. That's $2.67 price per sqft.

  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
7505 Southeast 28th Street is located in 98040. There are 24,467 people living here. There are 9,820 households. Most of these households have an average family size of 2.96 people. According to the census, 28% are currently renting while 72% own their homes. The median age of this population is around 46.2 years old. On average, most folks in the zipcode are married. About 19% of folks speak a language other than English in this area. The area's employment rate is currently around 57%. Speaking of employment, the median income is $129,348. Most folks will commute by car for around 23.1 minutes. Finally, we know that 5% of residents in the area have graduated with their high school degree. Additionally, 41% and 37% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. King County, Washington has a population of 2,079,550 people. Based on census records, there are 831,995 registered households. Families in this area are on average made up of 3.09 people per household. Most folks are unmarried. They are also typically around 37.2 years old. Does diversity matter to you? Right now, 27% of folks speak a language other than English here. About 43% rent while 57% purchased their homes. Right now, the community is made up of 16% of residents who have graduated with at least a high school degree. On top of that, 30% have a Bachelor's degree and 19% have a Master's degree. The employment rate is currently around 65.5%. Those employed, have a median income of $78,800.

Finally, let's take a look at the stats related to Seattle, WA Urban Area. The urban area is home to 3,276,247 people. A total of 1,272,850 households are registered here. With average family sizes being listed at 3.14 people. About 19% of residents have graduated with a high school degree. Of the rest, 26% have their Bachelor's and 16% have their Master's degree. Folks speaking a language other than English, make up about 24% of the population. Speaking of your commute, 63.3% of people in this area are employed. The recorded median income is currently at $72,541 per year. The median population age has been listed at 36.6 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 42% of the population while homeowners are at about 58% of the population.
$1,948
Studio Median Rent
$2,588
1BR Median Rent
$3,581
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
630
77th Ave SE & SE 27th St (1040 ft - 4 min walk)
King County Metro
630
77th Ave SE & SE 27th St (1040 ft - 4 min walk)
King County Metro
204
78th Ave SE & SE 28th St (0.20 mi - 5 min walk)
King County Metro
204
78th Ave SE & SE 28th St (0.20 mi - 5 min walk)
King County Metro
204
77th Ave SE & SE 27th St (0.21 mi - 5 min walk)
King County Metro

Nearby Schools

(within attendance boundary)
West Mercer Elementary  •  0.98 mi
4141 81st Ave Se, Mercer Island, WA 98040
Public  •  Elementary  •  Grades KG to 5
Mercer Island School District
Islander Middle School  •  3.3 mi
8225 Se 72nd, Mercer Island, WA 98040
Public  •  Middle School  •  Grades 6 to 8
Mercer Island School District
Mercer Island High School  •  1.34 mi
9100 Se 42nd, Mercer Island, WA 98040
Public  •  High School  •  Grades 9 to 12
Mercer Island School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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