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$515,000
EST. MARKET VALUE
$504,081
SUMMARY
This Top-Floor Queen Anne Residence represents a Prime Investment Opportunity, listed at $584,999—positioned well below the $609,824 Fair Market Value by 4%. This valuation gap secures $24,825 in Instant Equity. Maintaining a Fair Condition Rating, the home features bamboo flooring, granite countertops, and a private patio with panoramic rooftop views of the Space Needle. With no rental cap and a high-demand location near Seattle Center, it offers significant rental flexibility. This property is ideal for Urban Professionals or Buy-and-Hold Investors seeking long-term appreciation.
Estimated Market Value
$504,081
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 | $515,000* List Price | 1 | 2 | 1,117 | $451 | - |
A 521 5th Avenue W 602 Sold | $453,000 | 1 | 1 | 907 | $499 | 0.3 mi |
B 522 W Mercer Place 401 Sold | $510,000 | 2 | 2 | 985 | $518 | 0.3 mi |
C 912 3rd Avenue W 501 Sold | $395,000 | 2 | 2 | 853 | $463 | 0.2 mi |
D 521 5th Avenue W 103 Sold | $409,000 | 1 | 1 | 716 | $571 | 0.3 mi |
E 530 4th Avenue W 503 Pending | $469,000 List Price | 1 | 1 | 876 | $535 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2002 (22 years old), the property falls into the 'Fair' category based on age. While the unit is exceptionally well-maintained and move-in ready with bamboo floors and granite counters, the kitchen cabinetry and bathroom fixtures appear original to the 2002 construction, making them dated by modern standards and nearing the end of their typical 20-year lifecycle.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Natural Light
As a top-floor unit featuring soaring ceilings, floor-to-ceiling windows, and a skylight, the residence offers an airy, light-filled atmosphere that is highly desirable in the Seattle market.
- Investment Flexibility
With no rental cap and a prime location near the Seattle Center and major transit routes, this property serves as an excellent long-term investment or high-demand rental opportunity.
- Prime Urban Location
Situated in the heart of Queen Anne, the property offers unbeatable walkability to the Space Needle, waterfront, and downtown, providing a quintessential metropolitan lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Monthly Dues
The monthly association fee of $1,145 is significantly high relative to the listing price, which may impact buyer affordability and overall carrying costs.
- Non-conforming Second Bedroom
The second bedroom is classified as non-conforming, which may limit its utility for certain buyers and could affect the property's appraisal value compared to a true two-bedroom unit.
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 | 1,034.227 |
| Lot Size | - | 2,208.034 |
| Price | $515.0K | $552.8K |
| Price per sq ft | $461 | $559 |
| Built year | 2002 | 1997 |
| HOA | $1145 | $311 |
| Days on market | 131 | 63 |
Pricing History
Listed for Sale
Aug 13, 2026
$515,000
$539,999
-5% Price Drop
Initial Listing
Price Change
Jun 19, 2026
$539,999
$584,999
-8% Price Drop
Initial Listing
Price Change
May 1, 2026
$584,999
Initial Listing