Mercer Island is a highly ranked location by any standards, but there are still sometimes REOs (bank owned properties, also known as repossessed properties). At the moment there are four bank owned properties on Mercer Island, but each one is quite different (click on link below to see all 4). One is a 3 bedroom condo for around $200,000, one is a house for under $350,000, one is a large house for around $699,000 and the last one is a luxury property at over a million. All four of them represent good value compared to the prices we are seeing on the general inventory. So if you are interested in bank owned properties on Mercer Island don’t hesitate to drop me an email and I will let you know what’s available in your price range.
Part 8 of Edy Kizaki’s series on Mercer Island Real Estate currently available. These listings are good for 30 days, then please email me for an updated list at email@example.com. Mercer Island Real Estate is a subset of Seattle Real Estate.