3450 Mercer Way
Mercer Island, WA 98040
3 bd 3 ba 2,890 sqft Built 1925 Lot 16,900 sqft single_family
Most recent sale
$1,899,000
Aug 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 1, 2022 | Sold | $1,899,000 | MLS #1970461 |
| Jul 20, 2022 | Listed | $1,899,000 | MLS #1970461 |
| Jan 24, 2014 | Sold | $788,000 | Public Record |
| Nov 21, 2013 | Listed | $800,000 | MLS #568118 |
| Aug 31, 2013 | Price changed | $878,000 | MLS #517868 |
| Jul 16, 2013 | Listed | $899,950 | MLS #517868 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $385,000 | $1,688,000 | $2,073,000 | $12,289 |
| 2024 | $340,000 | $1,535,000 | $1,875,000 | $12,368 |
| 2023 | $378,000 | $1,630,000 | $2,008,000 | $12,325 |
| 2022 | $121,000 | $1,342,000 | $1,463,000 | $10,783 |
| 2021 | $70,000 | $1,279,000 | $1,349,000 | $10,807 |
| 2020 | $70,000 | $1,279,000 | $1,349,000 | $10,136 |
| 2019 | $322,000 | $960,000 | $1,282,000 | $9,439 |
| 2018 | $313,000 | $942,000 | $1,255,000 | $9,837 |
| 2017 | $281,000 | $852,000 | $1,133,000 | $8,309 |
| 2016 | $241,000 | $779,000 | $1,020,000 | $7,731 |
| 2015 | $219,000 | $705,000 | $924,000 | $6,656 |
| 2014 | $108,000 | $652,000 | $760,000 | $6,327 |
| 2013 | $120,000 | $572,000 | $692,000 | $6,031 |
| 2012 | $110,000 | $528,000 | $638,000 | $5,724 |
| 2011 | $77,000 | $583,000 | $660,000 | $5,670 |
| 2010 | $79,000 | $601,000 | $680,000 | $5,319 |
| 2009 | $98,000 | $745,000 | $843,000 | $5,817 |
| 2007 | $180,000 | $575,000 | $755,000 | $4,884 |
Property facts
Year built
1925
Property type
single_family
Stories
—
Beds
3
Baths
3
Living area
2,890 sqft
Lot size
16,900 sqft
ZIP code
98040
City
Mercer Island
Street
Mercer Way
Coordinates
47.57915, -122.24614
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$6,647
Gross rental yield
4.20%
Implied cap rate
2.73%
Trend-extrapolated value
—
Frequently asked questions
When did 3450 Mercer Way last sell?
3450 Mercer Way most recently sold on Aug 1, 2022 for $1,899,000.
What is the current tax assessment for 3450 Mercer Way?
The most recent total assessment for 3450 Mercer Way (year 2025) is $2,073,000 with $12,289 in property tax.
How does 3450 Mercer Way's assessment compare to its last sale price?
The current assessment is 9.2% above the last sale price of $1,899,000.
When was 3450 Mercer Way built?
3450 Mercer Way was built in 1925.
How does 3450 Mercer Way compare to others on Mercer Way?
We track 8 other properties on Mercer Way. Browse the list under "Other properties on Mercer Way" to compare beds, baths, and sale history.
What are the property facts for 3450 Mercer Way?
3450 Mercer Way is a 3 bed, 3 bath, 2,890 sqft, 16,900 sqft lot single_family.
Is 3450 Mercer Way a flip candidate?
No — 3450 Mercer Way does not appear in our flips dataset.
Is 3450 Mercer Way a tax-appeal candidate?
No — 3450 Mercer Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.8%
Implied 1-yr
+15.2%
2026 Q3
$3.48M
2026 Q4
$3.59M
ZIP 98040 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Mercer Way