Fabulous location at the north end of Mercer Island. It's very convenient for nearby restaurants and parks. Commuting is a breeze with the Light Rail Stations, and it's adjacent to the Park and Ride and bus stops to Seattle and Bellevue. Walking distance to enjoy the Farmer's Market. Nicely updated two bedroom condo that features new paint, newer tile floors throughout with radiant floor heating, large windows that bath the unit in natural light, territorial and partial lake views, large deck, and wood burning fireplace. Water, sewer and garbage included in the rent. One designated uncovered off-street parking space (a 2nd space can be rented) and separate large storage unit. No pets (the building doesn't allow them).
Sold for $399,995
$399,995
2500 81st Ave SE APT 332, Mercer Island, WA 98040
2beds
965sqft
Apartment
Built in 1960
-- sqft lot
$395,600 Zestimate®
$415/sqft
$2,468 Estimated rent
Home value
$395,600
$364,000 - $431,000
$2,468/mo
Zestimate® history
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List your homeWhat's special
Wood burning fireplaceLarge deckNew paint
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Fireplace
Appliances
- Included: Dishwasher, Disposal, Microwave
Features
- Elevator, Storage
- Flooring: Tile
- Has fireplace: Yes
Interior area
- Total interior livable area: 965 sqft
Property
Parking
- Parking features: Off Street
- Details: Contact manager
Features
- Patio & porch: Patio
- Exterior features: Balcony, Club Room, Garbage included in rent, High-speed Internet Ready, Near Bus Line, Sewage included in rent, Smoke Free, Water included in rent
Details
- Parcel number: 5451501000
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
Condition
- Year built: 1960
Utilities & green energy
- Utilities for property: Garbage, Sewage, Water
Community & HOA
Community
- Features: Gated, Smoke Free
Location
- Region: Mercer Island
Financial & listing details
- Price per square foot: $415/sqft
- Tax assessed value: $397,000
- Annual tax amount: $2,606
- Date on market: 2/20/2026
- Lease term: One year lease. Water, sewer, garbage, one parking space and one storage unit all included in the rent!
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2026 | Listing removed | $2,500$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/20/2026 | Listed for rent | $2,500+4.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/10/2025 | Sold | $399,995$415/sqft |
Source: Public Record Report a problem | ||
| 7/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/15/2023 | Listed for rent | $2,400$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/3/2021 | Sold | $399,995$415/sqft |
Source:  NWMLS as distributed by MLS GRID #1723001 Report a problem | ||
| 1/31/2021 | Pending sale | $399,995$415/sqft |
Source: NWMLS as distributed by MLS GRID #1723001 Report a problem | ||
| 1/29/2021 | Listed for sale | $399,995+400%$415/sqft |
Source: NWMLS as distributed by MLS GRID #1723001 Report a problem | ||
| 9/26/1996 | Sold | $80,000$83/sqft |
Source: Public Record 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 -5.9% |
| 2011 | -- | $153,000 -24.3% |
| 2010 | -- | $202,000 |
| 2009 | -- | $202,000 +9.2% |
| 2007 | -- | $185,000 +12.8% |
| 2006 | -- | $164,000 +5.8% |
| 2005 | -- | $155,000 +55.5% |
| 2001 | $958 +24.4% | $99,700 +37.5% |
| 2000 | $770 | $72,500 |
Find assessor info on the county website
Neighborhood: 98040
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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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Estimated market value
$395,600
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Estimated market value
$395,600
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