4242 Mercer Way
Mercer Island, WA 98040
3 bd 2 ba 1,830 sqft Built 1978 Lot 32,089 sqft single_family
Most recent sale
$2,460,000
May 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 27, 2022 | Sold | $2,460,000 | MLS #1922919 |
| May 12, 2022 | Relisted | $2,098,000 | MLS #1922919 |
| Apr 27, 2022 | Listed | $2,098,000 | MLS #1922919 |
| Feb 23, 2017 | Sold | $1,310,000 | MLS #1071858 |
| Feb 8, 2017 | Listed | $1,268,000 | MLS #1071858 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $384,000 | $1,815,000 | $2,199,000 | $6,916 |
| 2024 | $461,000 | $1,650,000 | $2,111,000 | $13,661 |
| 2023 | $466,000 | $1,752,000 | $2,218,000 | $13,613 |
| 2022 | $216,000 | $1,442,000 | $1,658,000 | $12,218 |
| 2021 | $90,000 | $1,382,000 | $1,472,000 | $11,791 |
| 2020 | $10,000 | $1,470,000 | $1,480,000 | $11,699 |
| 2019 | $10,000 | $1,442,000 | $1,452,000 | $10,918 |
| 2018 | $10,000 | $1,304,000 | $1,314,000 | $11,406 |
| 2017 | $10,000 | $1,192,000 | $1,202,000 | $9,789 |
| 2016 | $10,000 | $1,079,000 | $1,089,000 | $9,109 |
| 2015 | $10,000 | $998,000 | $1,008,000 | $8,823 |
| 2014 | $59,000 | $769,000 | $828,000 | $7,568 |
| 2013 | $55,000 | $709,000 | $764,000 | $7,220 |
| 2012 | $9,000 | $782,000 | $791,000 | $6,857 |
| 2011 | $9,000 | $782,000 | $791,000 | $6,793 |
| 2010 | $9,000 | $782,000 | $791,000 | $6,186 |
| 2009 | $96,000 | $1,020,000 | $1,116,000 | $7,697 |
| 2007 | $262,000 | $630,000 | $892,000 | $5,979 |
Property facts
Year built
1978
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,830 sqft
Lot size
32,089 sqft
ZIP code
98040
City
Mercer Island
Street
Mercer Way
Coordinates
47.56932, -122.22885
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$14,760
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 4242 Mercer Way last sell?
4242 Mercer Way most recently sold on May 27, 2022 for $2,460,000.
What is the current tax assessment for 4242 Mercer Way?
The most recent total assessment for 4242 Mercer Way (year 2025) is $2,199,000 with $6,916 in property tax.
How does 4242 Mercer Way's assessment compare to its last sale price?
The current assessment is 10.6% below the last sale price of $2,460,000.
When was 4242 Mercer Way built?
4242 Mercer Way was built in 1978.
How does 4242 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 4242 Mercer Way?
4242 Mercer Way is a 3 bed, 2 bath, 1,830 sqft, 32,089 sqft lot single_family.
Is 4242 Mercer Way a flip candidate?
No — 4242 Mercer Way does not appear in our flips dataset.
Is 4242 Mercer Way a tax-appeal candidate?
No — 4242 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