17 W Mercer Street #301, Seattle, WA 98119, Seattle, 98119 - 1 bed, 2 bath
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17 W Mercer Street #301
Seattle, WA 98119
ACTIVE
CONDITION: FAIR
1Beds
2Baths
1,117Sq Ft
0Lot Size
Property Price
LIST PRICE$499,999
EST. MARKET VALUE
$499,999
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $499,999, which aligns with its $499,999 Fair Market Value. While the property maintains a Fair Condition Rating due to original finishes, its prime location in Queen Anne and the No Rental Cap policy make it a compelling Buy-and-Hold Asset. The unit features a Versatile Top-Floor Layout with a Large Den and Private Patio, offering significant lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic urban residence.
Estimated Market Value
$499,999
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17 W Mercer Street #301 Subject 1 bd · 2 ba · 1,117 sqft · $448 | $499,999* List Price | 1 | 2 | 1,117 | $448 | - |
A 530 4th Avenue W 503 Sold 1 bd · 1 ba · 876 sqft · $524 · 0.2 mi | $459,000 | 1 | 1 | 876 | $524 | 0.2 mi |
B 601 W Mercer Place 304 Sold 2 bd · 2 ba · 838 sqft · $525 · 0.4 mi | $440,000 | 2 | 2 | 838 | $525 | 0.4 mi |
C 521 5th Avenue W 602 Sold 1 bd · 1 ba · 907 sqft · $499 · 0.3 mi | $453,000 | 1 | 1 | 907 | $499 | 0.3 mi |
D 522 W Mercer Place 401 Sold 2 bd · 2 ba · 985 sqft · $518 · 0.3 mi | $510,000 | 2 | 2 | 985 | $518 | 0.3 mi |
E 912 3rd Avenue W 501 Sold 2 bd · 2 ba · 853 sqft · $463 · 0.2 mi | $395,000 | 2 | 2 | 853 | $463 | 0.2 mi |
F 912 3rd Avenue W 101 Sold 2 bd · 2 ba · 800 sqft · $536 · 0.2 mi | $429,000 | 2 | 2 | 800 | $536 | 0.2 mi |
G 500 Olympic Place 304 Pending 2 bd · 2 ba · 1,000 sqft · $505 · 0.3 mi | $505,000 List Price | 2 | 2 | 1,000 | $505 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 2002, making it 24 years old. While the unit is well-maintained and move-in ready, the kitchen cabinetry, granite countertops, and bathroom fixtures appear original to the construction date and are now dated. According to the criteria, properties over 20 years old with original finishes are classified as Fair.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Queen Anne just blocks from the Space Needle and Seattle Center, the property offers unparalleled access to downtown, the waterfront, and major transit routes.
- Versatile Top-Floor Layout
As a top-floor unit with soaring ceilings and a skylight, the 1,117 sqft floor plan includes a large den, providing rare flexibility for a home office, media room, or guest space.
- Investment Potential
The absence of a rental cap makes this property an excellent opportunity for investors or owners seeking long-term flexibility in a high-demand rental market.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,145 is notably high for a one-bedroom unit, which may impact buyer affordability and overall return on investment.
- Extended Market Stagnation
With 160 days on the market and a history of price reductions, the property may face challenges with perceived value or competition compared to newer inventory.
About 17 W Mercer Street #301
Experience elevated city living in this modern TOP FLOOR residence in the heart of Queen Anne! 1 bedroom w/ den and 1.75 bathrooms. Unbeatable location just blocks from Seattle Center and the Space Needle, with easy access to downtown, waterfront, Pike Place Market, and major transit routes. This unit offers soaring ceilings, tall windows, and a skylight at entry. The oversized primary suite has a double vanity, large walk-in closet, spacious shower and an outdoor private patio. This unit also has a large den - Great for added flexibility! Ideal as a guest room, additional living space, media room or home office. This top floor unit is thoughtfully designed with bamboo flooring, granite countertops, tall sleek cabinetry, gas range, central gas fireplace, and abundant storage throughout. Sit at your breakfast bar or designated dining area. Enjoy your private patio off of the primary suite, or take just a few steps to the rooftop deck, where panoramic views await of the beautiful city and waterfront. The building offers secure indoor access, a wide and welcoming hallway, and a large designated parking space (ADA) in the covered garage. No rental cap!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2002
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1145 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,117 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $500.0K | $548.3K |
| Price per sq ft | $448 | $551 |
| Built year | 2002 | 1997 |
| HOA | $1145 | $317 |
| Days on market | 176 | 63 |
Pricing History
Listed for Sale
Oct 8, 2026
$499,999
$515,000
-3% Price Drop
Initial Listing
Price Change
May 1, 2026
$515,000
Initial Listing