507 W Mercer Street #104, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
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507 W Mercer Street #104
Seattle, WA 98119
ACTIVE
CONDITION: GOOD
1Beds
1Baths
590Sq Ft
0Lot Size
Property Price
LIST PRICE$299,000
EST. MARKET VALUE
$289,119
3% AboveMARKET VALUE
SUMMARY
This 1 BR/1 BA Condominium represents a Strong Value Opportunity, listed at $299,000—positioned slightly above the $289,119 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring hardwood floors and an updated kitchen. Located in the highly walkable Lower Queen Anne neighborhood, this end-unit offers a private balcony and dedicated parking. It serves as a stable, move-in ready asset for first-time buyers or urban professionals seeking a serene, well-connected city residence.
Estimated Market Value
$289,119
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 |
|---|---|---|---|---|---|---|
★ 507 W Mercer Street #104 Subject 1 bd · 1 ba · 590 sqft · $490 | $299,000* List Price | 1 | 1 | 590 | $490 | - |
A 275 W Roy Street 315 Sold 1 bd · 1 ba · 598 sqft · $619 · 0.2 mi | $370,000 | 1 | 1 | 598 | $619 | 0.2 mi |
B 500 W 5th Avenue 306 Sold 1 bd · 1 ba · 657 sqft · $457 · 0.1 mi | $300,000 | 1 | 1 | 657 | $457 | 0.1 mi |
C 120 1st Avenue W 306 Sold 1 bd · 1 ba · 603 sqft · $575 · 0.5 mi | $346,500 | 1 | 1 | 603 | $575 | 0.5 mi |
D 919 2nd Avenue W 204 Pending 1 bd · 1 ba · 558 sqft · $421 · 0.3 mi | $235,000 List Price | 1 | 1 | 558 | $421 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1963, the unit has been renovated with hardwood floors and an updated kitchen featuring stone countertops and newer cabinetry (estimated 10-15 years old). The property appears well-maintained, functional, and move-in ready, meeting the criteria for a mid-range renovation age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of Lower Queen Anne, the property boasts exceptional walkability to Metropolitan Market, Climate Pledge Arena, and the Elliott Bay trail, making it ideal for urban lifestyles.
- End-Unit Privacy and Layout
As an end-unit featuring floor-to-ceiling windows and a private balcony overlooking greenery, the condo offers a secluded, quiet atmosphere that is rare for a central city residence.
- Dedicated Parking and Storage
The inclusion of a dedicated parking spot and the convenience of storage and laundry facilities located directly across the hall provide significant functional value and ease of living.
CONSRISKS & DEFICIENCIES
- High HOA Assessment
The monthly association fee of $602 is relatively high for a 590-square-foot unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Lack of In-Unit Laundry
The absence of an in-unit washer and dryer, requiring the use of a communal laundry room, may be a deterrent for buyers seeking modern convenience in a competitive market.
About 507 W Mercer Street #104
Located in the vibrant, highly walkable Lower Queen Anne neighborhood, this 1 BR/1 BA end-unit condo offers a peaceful retreat just moments from everything you need: groceries (Met Market!), restaurants & cafes, Elliott Bay trail, Kinnear Park, Climate Pledge Arena, MOPOP, Pacific Science Center & so much more. Easy commute or bike ride to Belltown/Downtown/SLU. Inside, you'll find hardwood floors and floor-to-ceiling windows in the living room that overlook the large private balcony with tree-lined views. Functional layout seamlessly connects the living, dining and kitchen while keeping the bedroom and bath tucked away for added privacy. Bedroom overlooks outdoor yard space, enhancing the quiet, secluded feel that is rare for a city condo. Building amenities include laundry room and storage room, both conveniently located across the hall and a gym/event room close by on the 2nd floor. Dedicated parking spot included. The perfect blend of serenity and city living! *Some photos are virtually staged
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1963
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $602 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 590 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $299.0K | $548.3K |
| Price per sq ft | $507 | $551 |
| Built year | 1963 | 1997 |
| HOA | $602 | $317 |
| Days on market | 109 | 63 |
Pricing History
Listed for Sale
Jul 7, 2026
$299,000
Initial Listing