7545 Mercer Way
Mercer Island, WA 98040
7 bd 4 ba 4,500 sqft Built 1970 Lot 21,143 sqft single_family
Most recent sale
$1,900,000
Dec 10, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 22, 2025 | Listed for rent | $8,500 | TenantTurner |
| Dec 10, 2021 | Sold | $1,900,000 | MLS #1843977 |
| Oct 4, 2021 | Listed | $1,950,000 | MLS #1843977 |
| Apr 18, 1985 | Sold | $170,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $2,223,000 | $1,493,000 | $3,716,000 | $24,611 |
| 2024 | $2,138,000 | $1,620,000 | $3,758,000 | $14,948 |
| 2023 | $707,000 | $1,720,000 | $2,427,000 | $14,894 |
| 2022 | $440,000 | $1,416,000 | $1,856,000 | $13,675 |
| 2021 | $329,000 | $1,349,000 | $1,678,000 | $13,439 |
| 2020 | $329,000 | $1,349,000 | $1,678,000 | $13,657 |
| 2019 | $649,000 | $1,079,000 | $1,728,000 | $12,721 |
| 2018 | $634,000 | $1,058,000 | $1,692,000 | $13,253 |
| 2017 | $570,000 | $957,000 | $1,527,000 | $11,196 |
| 2016 | $500,000 | $875,000 | $1,375,000 | $10,420 |
| 2015 | $454,000 | $792,000 | $1,246,000 | $10,039 |
| 2014 | $415,000 | $732,000 | $1,147,000 | $9,395 |
| 2013 | $343,000 | $685,000 | $1,028,000 | $8,958 |
| 2012 | $316,000 | $632,000 | $948,000 | $8,499 |
| 2011 | $284,000 | $697,000 | $981,000 | $8,422 |
| 2010 | $292,000 | $718,000 | $1,010,000 | $7,895 |
| 2009 | $362,000 | $890,000 | $1,252,000 | $8,634 |
| 2007 | $481,000 | $536,000 | $1,017,000 | $7,141 |
Property facts
Year built
1970
Property type
single_family
Stories
—
Beds
7
Baths
4
Living area
4,500 sqft
Lot size
21,143 sqft
ZIP code
98040
City
Mercer Island
Street
Mercer Way
Coordinates
47.53510, -122.21464
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$10,350
Gross rental yield
6.54%
Implied cap rate
4.25%
Trend-extrapolated value
—
Frequently asked questions
When did 7545 Mercer Way last sell?
7545 Mercer Way most recently sold on Dec 10, 2021 for $1,900,000.
What is the current tax assessment for 7545 Mercer Way?
The most recent total assessment for 7545 Mercer Way (year 2025) is $3,716,000 with $24,611 in property tax.
How does 7545 Mercer Way's assessment compare to its last sale price?
The current assessment is 95.6% above the last sale price of $1,900,000.
When was 7545 Mercer Way built?
7545 Mercer Way was built in 1970.
How does 7545 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 7545 Mercer Way?
7545 Mercer Way is a 7 bed, 4 bath, 4,500 sqft, 21,143 sqft lot single_family.
Is 7545 Mercer Way a flip candidate?
No — 7545 Mercer Way does not appear in our flips dataset.
Is 7545 Mercer Way a tax-appeal candidate?
Yes — 7545 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