NOT LISTED FOR SALE

4605 W Mercer Way Mercer Island, WA 98040

Forest Avenue Neighborhood

Estimated Value: $1,713,000 - $2,458,345

2 Beds
1 Bath
1,500 Sq Ft
$1,404/Sq Ft Est. Value

About This Home

Property Id: 469605

Mercer Island Cottage - Quiet, Comfortable, and Convenient
This well-maintained cottage offers a peaceful setting with natural surroundings and easy access to Seattle and Bellevue. Ideal for tenants who value comfort, privacy, and proximity to top-rated schools.
Property Features
•Open Layout: Spacious floor plan with good separation of living areas
•Updated Kitchen: Large prep space and modern appliances
•Fireplace: Wood-burning log fireplace for added comfort
•Natural Light: Wall of windows with views of surrounding greenery & Lake
•Outdoor Space: Sunny deck for relaxing or entertaining
•Pet Policy: Pets welcome with landlords approval and a Non Refundable pet deposit.
•No Smoking: Smoke-free home
•Parking: Plenty of off-street parking (no garage)
Location
•Located on Mercer Island
•About 10 minutes to Seattle or Bellevue
•Near Mercer Island High School, West Mercer Elementary, Island Crest Elementary and Northwood Elementary

Showings will be via upcoming OPEN HOUSE

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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Average Value
Not Available
List Price
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 List to Sale Price per Sq Ft
09/26/2025 09/26/25 Off Market $2,700 -- --
09/13/2025 09/13/25 For Rent $2,700 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,375 $1,888,000 $1,614,000 $274,000
2023 $12,406 $1,807,000 $1,523,000 $284,000
2022 $11,137 $2,021,000 $1,714,000 $307,000
2021 $11,168 $1,511,000 $1,411,000 $100,000
2020 $6,545 $1,394,000 $1,344,000 $50,000
2018 $6,386 $811,000 $801,000 $10,000
2017 $5,487 $735,000 $725,000 $10,000
2016 $5,108 $673,000 $663,000 $10,000
2015 $4,952 $610,000 $600,000 $10,000
2014 -- $565,000 $555,000 $10,000
2013 -- $717,000 $664,000 $53,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Forest Avenue

4605 W Mercer Way, Mercer Island, WA

Not Listed for Sale

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