8122 Mercer Way
Mercer Island, WA 98040
5 bd 5 ba 5,770 sqft Built 2008 Lot 14,876 sqft single_family
Most recent sale
$5,200,000
May 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 13, 2022 | Sold | $5,200,000 | MLS #1889820 |
| Mar 10, 2022 | Listed | $4,849,000 | MLS #1889820 |
| May 15, 2017 | Sold | $2,999,998 | MLS #1070306 |
| Mar 9, 2017 | Price changed | $2,999,998 | MLS #1070306 |
| Jan 24, 2017 | Listed | $3,088,000 | MLS #1070306 |
| Oct 17, 2016 | Listed | $3,088,000 | MLS #1038043 |
| Sep 12, 2008 | Sold | $2,940,000 | Public Record |
| Jan 30, 2007 | Sold | $860,000 | Public Record |
| Jul 11, 2006 | Sold | $661,000 | Public Record |
| Sep 23, 1988 | Sold | $95,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $2,713,000 | $1,570,000 | $4,283,000 | $25,370 |
| 2024 | $2,446,000 | $1,428,000 | $3,874,000 | $25,529 |
| 2023 | $2,630,000 | $1,517,000 | $4,147,000 | $25,435 |
| 2022 | $1,837,000 | $1,249,000 | $3,086,000 | $22,726 |
| 2021 | $1,539,000 | $1,190,000 | $2,729,000 | $21,845 |
| 2020 | $1,626,000 | $982,000 | $2,608,000 | $20,603 |
| 2019 | $1,590,000 | $963,000 | $2,553,000 | $19,186 |
| 2018 | $1,433,000 | $871,000 | $2,304,000 | $19,990 |
| 2017 | $1,316,000 | $797,000 | $2,113,000 | $17,199 |
| 2016 | $1,192,000 | $722,000 | $1,914,000 | $16,000 |
| 2015 | $1,094,000 | $668,000 | $1,762,000 | $15,414 |
| 2014 | $1,284,000 | $588,000 | $1,872,000 | $17,102 |
| 2013 | $1,184,000 | $542,000 | $1,726,000 | $16,303 |
| 2012 | $1,188,000 | $597,000 | $1,785,000 | $15,461 |
| 2011 | $1,188,000 | $597,000 | $1,785,000 | $15,314 |
| 2010 | $1,188,000 | $597,000 | $1,785,000 | $13,943 |
| 2009 | $1,176,000 | $740,000 | $1,916,000 | $13,205 |
| 2007 | — | $603,000 | $603,000 | $4,052 |
Property facts
Year built
2008
Property type
single_family
Stories
—
Beds
5
Baths
5
Living area
5,770 sqft
Lot size
14,876 sqft
ZIP code
98040
City
Mercer Island
Street
Mercer Way
Coordinates
47.52994, -122.23312
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$31,200
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 8122 Mercer Way last sell?
8122 Mercer Way most recently sold on May 13, 2022 for $5,200,000.
What is the current tax assessment for 8122 Mercer Way?
The most recent total assessment for 8122 Mercer Way (year 2025) is $4,283,000 with $25,370 in property tax.
How does 8122 Mercer Way's assessment compare to its last sale price?
The current assessment is 17.6% below the last sale price of $5,200,000.
When was 8122 Mercer Way built?
8122 Mercer Way was built in 2008.
How does 8122 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 8122 Mercer Way?
8122 Mercer Way is a 5 bed, 5 bath, 5,770 sqft, 14,876 sqft lot single_family.
Is 8122 Mercer Way a flip candidate?
No — 8122 Mercer Way does not appear in our flips dataset.
Is 8122 Mercer Way a tax-appeal candidate?
No — 8122 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