PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new light rail station and just moments from Luther Burbank Park, downtown Mercer Island, the Community Center, waterfront parks, and regional walking and biking trails. Enjoy rare features including no rental cap, a conveniently located covered carport near the entrance, large storage unit (#14), and an approved, recorded in-unit washer/dryer. Building amenities include an elevator and club/conference room (currently being renovated). The fully renovated interior features a designer kitchen with farmhouse sink, updated bathroom, new lighting, fireplace, custom closet organizers, air conditioning, and a private in-unit washer/dryer. Bright, open living spaces extend to an expansive west-facing veranda—perfect for relaxing, entertaining, and enjoying beautiful sunset views. Located in Mercer Island's award-winning school district with quick access to both Seattle and Bellevue, this home offers exceptional convenience, flexibility, and investment potential. Price has been significantly improved, and the seller will pay 6 months of HOA dues—making this an exceptional opportunity for homeowners and investors alike.
Active
Listed by: Realogics Sotheby's Int'l Rlty • Amy Thompson
Price cut: $15.1K (7/17)
$399,950
2500 81st Avenue SE #118, Mercer Island, WA 98040
2beds
965sqft
:
Get pre-qualified$3,529/mo
Single Family Residence, Condominium
Built in 1960
-- sqft lot
$398,300 Zestimate®
$414/sqft
$1,071/mo HOA
What's special
Large screen doorsAc for year-round comfortFully remodeled interiorNew lightingsTastefully updated bathroomBright open living spaces
- 125 days |
- 1,138 |
- 31 |
Zillow last checked:
Listing updated:
Listed by:
Amy Thompson,
Realogics Sotheby's Int'l Rlty
Source: NWMLS as distributed by MLS GRID,MLS#: 2480792
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Dining room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Water Heater: Electric, Water Heater Location: Utility Room, Cooking - Electric Hookup, Cooking-Electric, Dryer-Electric, Washer
- Laundry: Electric Dryer Hookup, Washer Hookup, Common Area
Features
- Flooring: Vinyl Plank
- Windows: Insulated Windows
- Number of fireplaces: 1
- Fireplace features: See Remarks, Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 965
- Total interior livable area: 965 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, Off Street, Uncovered
- Has carport: Yes
- Covered spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Washer, Water Heater
- Has view: Yes
- View description: City, Territorial
Lot
- Features: Curbs, Open Lot, Paved, Sidewalk
Details
- Parcel number: 545150028003
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Condo (1 Level)
- Property subtype: Single Family Residence, Condominium
Materials
- Brick, Wood Products
- Roof: Flat,Torch Down
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Company: HOA
- Water: Company: HOA
Green energy
- Energy efficient items: Insulated Windows
Community & HOA
Community
- Features: Clubhouse, Elevator, Lobby Entrance, Outside Entry, See Remarks
- Subdivision: Mercer Island
HOA
- Services included: Earthquake Insurance, Maintenance Grounds, Road Maintenance, Sewer, Snow Removal, Water
- HOA fee: $1,071 monthly
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $414/sqft
- Tax assessed value: $397,000
- Annual tax amount: $2,606
- Date on market: 3/27/2026
- Cumulative days on market: 119 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$398,300
$378,000 - $418,000
$2,567/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $399,950-3.6%$414/sqft |
Source:  NWMLS as distributed by MLS GRID #2480792 Report a problem | ||
| 6/28/2026 | Listed for sale | $415,000$430/sqft |
Source: NWMLS as distributed by MLS GRID #2480792 Report a problem | ||
| 6/20/2026 | Pending sale | $415,000$430/sqft |
Source: NWMLS as distributed by MLS GRID #2480792 Report a problem | ||
| 4/28/2026 | Price change | $415,000-2.4%$430/sqft |
Source: NWMLS as distributed by MLS GRID #2480792 Report a problem | ||
| 3/20/2026 | Listed for sale | $425,000+70%$440/sqft |
Source: NWMLS as distributed by MLS GRID #2480792 Report a problem | ||
| 8/29/2014 | Sold | $249,950$259/sqft |
Source: NWMLS as distributed by MLS GRID #661687 Report a problem | ||
| 7/13/2014 | Listed for sale | $249,950$259/sqft |
Source: Coldwell Banker Danforth #661687 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,606 +15.8% | $397,000 +16.4% |
| 2024 | $2,251 -22.8% | $341,000 -19% |
| 2023 | $2,915 +17.1% | $421,000 +4.5% |
| 2022 | $2,489 -14.7% | $403,000 +2.3% |
| 2021 | $2,917 +1% | $394,000 +9.7% |
| 2020 | $2,889 -1.9% | $359,000 -3.2% |
| 2019 | $2,945 +9.3% | $371,000 +3.9% |
| 2018 | $2,696 +7.4% | $357,000 +24% |
| 2017 | $2,510 +32.7% | $288,000 +18% |
| 2016 | $1,892 | $244,000 +10.4% |
| 2015 | $1,892 | $221,000 +2.8% |
| 2014 | $1,892 | $215,000 +36.9% |
| 2013 | $1,892 | $157,000 +9% |
| 2012 | -- | $144,000 +98.6% |
| 2011 | -- | $72,500 |
| 2010 | -- | $72,500 |
| 2009 | -- | $72,500 |
| 2007 | -- | $72,500 |
| 2006 | -- | $72,500 |
| 2005 | -- | $72,500 |
| 2001 | $163 -7.2% | $72,500 |
| 2000 | $176 | $72,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98040
Nearby schools
GreatSchools rating
- 9/10Northwood Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 9/10Islander Middle SchoolGrades: 6-8Distance: 3.5 mi
- 10/10Mercer Island High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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