7321 Mercer Way
Mercer Island, WA 98040
4 bd 4 ba 4,395 sqft Built 1982 Lot 11,363 sqft single_family
Most recent sale
$4,100,000
Sep 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 9, 2022 | Sold | $4,100,000 | MLS #1938900 |
| Jun 20, 2022 | Price changed | $4,388,000 | MLS #1938900 |
| May 25, 2022 | Listed | $4,688,000 | MLS #1938900 |
| Oct 31, 2017 | Sold | $2,398,000 | Public Record |
| Sep 27, 2017 | Listing removed | $2,398,000 | NWMLS |
| Sep 26, 2017 | Listed | $2,398,000 | MLS #1198451 |
| Dec 6, 2010 | Sold | $1,590,000 | Public Record |
| Nov 16, 2010 | Listing removed | $5,600 | NWMLS |
| Nov 5, 2010 | Listing removed | $1,795,000 | NWMLS |
| Nov 2, 2010 | Relisted | $1,795,000 | MLS #56606 |
| Oct 31, 2010 | Listing removed | $1,795,000 | NWMLS |
| Sep 21, 2010 | Listed for rent | $5,600 | NWMLS |
| Sep 14, 2010 | Price changed | $1,795,000 | MLS #56606 |
| Aug 25, 2010 | Relisted | $1,895,000 | MLS #56606 |
| May 3, 2010 | Listing removed | $1,895,000 | NWMLS |
| Apr 27, 2010 | Listed | $1,895,000 | MLS #56606 |
| Jun 14, 1991 | Sold | $890,000 | Public Record |
| Oct 27, 1982 | Sold | $538,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $4,138,000 | $1,940,000 | $6,078,000 | $25,370 |
| 2024 | $2,110,000 | $1,764,000 | $3,874,000 | $25,047 |
| 2023 | $2,195,000 | $1,874,000 | $4,069,000 | $24,957 |
| 2022 | $1,157,000 | $1,543,000 | $2,700,000 | $19,885 |
| 2021 | $914,000 | $1,470,000 | $2,384,000 | $19,085 |
| 2020 | $914,000 | $1,470,000 | $2,384,000 | $19,830 |
| 2019 | $1,184,000 | $1,326,000 | $2,510,000 | $18,466 |
| 2018 | $1,157,000 | $1,300,000 | $2,457,000 | $19,236 |
| 2017 | $1,041,000 | $1,176,000 | $2,217,000 | $16,247 |
| 2016 | $921,000 | $1,075,000 | $1,996,000 | $15,115 |
| 2015 | $835,000 | $973,000 | $1,808,000 | $14,567 |
| 2014 | $765,000 | $900,000 | $1,665,000 | $14,198 |
| 2013 | $629,000 | $925,000 | $1,554,000 | $13,537 |
| 2012 | $580,000 | $853,000 | $1,433,000 | $12,841 |
| 2011 | $542,000 | $940,000 | $1,482,000 | $12,717 |
| 2010 | $558,000 | $968,000 | $1,526,000 | $11,922 |
| 2009 | $691,000 | $1,200,000 | $1,891,000 | $13,034 |
| 2007 | $530,000 | $751,000 | $1,281,000 | $8,993 |
Property facts
Year built
1982
Property type
single_family
Stories
—
Beds
4
Baths
4
Living area
4,395 sqft
Lot size
11,363 sqft
ZIP code
98040
City
Mercer Island
Street
Mercer Way
Coordinates
47.53639, -122.24210
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$24,600
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 7321 Mercer Way last sell?
7321 Mercer Way most recently sold on Sep 9, 2022 for $4,100,000.
What is the current tax assessment for 7321 Mercer Way?
The most recent total assessment for 7321 Mercer Way (year 2025) is $6,078,000 with $25,370 in property tax.
How does 7321 Mercer Way's assessment compare to its last sale price?
The current assessment is 48.2% above the last sale price of $4,100,000.
When was 7321 Mercer Way built?
7321 Mercer Way was built in 1982.
How does 7321 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 7321 Mercer Way?
7321 Mercer Way is a 4 bed, 4 bath, 4,395 sqft, 11,363 sqft lot single_family.
Is 7321 Mercer Way a flip candidate?
No — 7321 Mercer Way does not appear in our flips dataset.
Is 7321 Mercer Way a tax-appeal candidate?
Yes — 7321 Mercer Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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