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4465 Island Crest Way

Mercer Island, WA 98040

5 bd 3 ba 2,960 sqft Built 1967 Lot 14,175 sqft single_family
Most recent sale
$2,395,000
Apr 18, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 18, 2022 Sold $2,395,000 MLS #1893405
Feb 25, 2022 Listed $2,000,000 MLS #1893405
Apr 20, 2020 Sold $1,000,000 MLS #1542564
Mar 13, 2020 Listed $950,000 MLS #1542564

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $646,000 $1,559,000 $2,205,000 $13,074
2024 $577,000 $1,418,000 $1,995,000 $13,159
2023 $630,000 $1,506,000 $2,136,000 $13,110
2022 $112,000 $1,082,000 $1,194,000 $8,803
2021 $70,000 $1,031,000 $1,101,000 $8,823
2020 $263,000 $736,000 $999,000 $847
2019 $256,000 $722,000 $978,000 $861
2018 $230,000 $653,000 $883,000 $921
2017 $198,000 $597,000 $795,000 $982
2016 $179,000 $541,000 $720,000 $2,093
2015 $163,000 $500,000 $663,000 $2,148
2014 $103,000 $495,000 $598,000 $1,123
2013 $95,000 $457,000 $552,000 $1,150
2012 $67,000 $504,000 $571,000 $1,086
2011 $67,000 $504,000 $571,000 $1,031
2010 $67,000 $504,000 $571,000 $989
2009 $83,000 $625,000 $708,000 $860
2007 $179,000 $375,000 $554,000 $1,001

Property facts

Year built
1967
Property type
single_family
Stories
Beds
5
Baths
3
Living area
2,960 sqft
Lot size
14,175 sqft
ZIP code
98040
City
Mercer Island
Street
Island Crest Way
Coordinates
47.56613, -122.22643

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$14,370
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 4465 Island Crest Way last sell?
4465 Island Crest Way most recently sold on Apr 18, 2022 for $2,395,000.
What is the current tax assessment for 4465 Island Crest Way?
The most recent total assessment for 4465 Island Crest Way (year 2025) is $2,205,000 with $13,074 in property tax.
How does 4465 Island Crest Way's assessment compare to its last sale price?
The current assessment is 7.9% below the last sale price of $2,395,000.
When was 4465 Island Crest Way built?
4465 Island Crest Way was built in 1967.
How does 4465 Island Crest Way compare to others on Island Crest Way?
We track 8 other properties on Island Crest Way. Browse the list under "Other properties on Island Crest Way" to compare beds, baths, and sale history.
What are the property facts for 4465 Island Crest Way?
4465 Island Crest Way is a 5 bed, 3 bath, 2,960 sqft, 14,175 sqft lot single_family.
Is 4465 Island Crest Way a flip candidate?
Yes — 4465 Island Crest Way appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 4465 Island Crest Way a tax-appeal candidate?
No — 4465 Island Crest Way is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.8%
Implied 1-yr
+15.2%
2026 Q3
$3.48M
2026 Q4
$3.59M
ZIP 98040 — Median Price History + Forecast

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