NOT LISTED FOR SALE

3043 Island Crest Way Unit 1-5 Mercer Island, WA 98040

Downtown Mercer Island Neighborhood
-- Bed
-- Bath
5,952 Sq Ft
9,000 Sq Ft Lot

Last Sold July 18, 2018

Last sale price $2,150,000 $361 Per Sq Ft

15 Days on Market

Highlights

  • 0.21 Acre Lot
  • Deck
  • Patio
  • West Mercer Elementary School Rated A
  • Territorial View
  • Slate Flooring

About This Home

As of July 2018

Well located in a walkable neighborhood blocks from the vibrant Mercer Island Town Center district, approx a 1/4 mile from I-90, & roughly halfway between Seattle & Bellevue. Immediate upside potential: Raise rents & implement RUBS. Possible to add 6th unit in ground-level laundry/storage area (buyer to verify). Excellent schools, safe community. Spacious, all-corner units. Long-term tenants, mostly MTM. 0.6 miles from park & ride and future Light Rail (opening 2023). Owner-occupant opportunity.

Last Agent to Sell the Property

Dan Swanson

Kidder Mathews License #13533 Listed on: 05/07/2018

Last Buyer's Agent

Dan Swanson

Kidder Mathews License #13533 Listed on: 05/07/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1287216

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,989

Year Built

  • Built in 1960

Lot Details

  • 9,000 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 5,952 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Slate Flooring
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Mercer Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5452300200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,989

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1960
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5952
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 300

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Slate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood, Wood Products
  • Foundation Details: Slab
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 7488

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Mercer Island

Lot Info

  • Parcel Number: 5452300200
  • Lot Size Acres: 0.2066
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: County Assessor's Webpage
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 23
  • LeasedItems: None
  • TotalMonthlyIncome: 7350

Multi Family

  • Gross Scheduled Income: 88200
  • Net Operating Income: 57113
  • Number Of Units Total: 5
  • Insurance Expense: 2564
  • Leasable Area: 4900
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 10989

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2018 07/18/18 Sold $2,150,000 +7.5% $361 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $2,000,000 -- $336 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Swanson

    Seller's Agent in 2018

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    59 Total Sales

    Dan Swanson
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1287216

Northwest Multiple Listing Service (NWMLS)

Washington King County Mercer Island 98040 Downtown Mercer Island

3043 Island Crest Way Unit 1-5, Mercer Island, WA

This home is located at 3043 Island Crest Way Unit 1-5, Mercer Island, WA 98040 since 07 May 2018. This property was built in 1960. 3043 Island Crest Way Unit 1-5 is a home located in King County with nearby schools including West Mercer Elementary School, Islander Middle School, and Mercer Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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