507 W Mercer Street #704, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
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This Condominium represents a Strong Value Opportunity, listed at $385,000—positioned slightly above the $383,351 Fair Market Value. While the price reflects current market stability, the property offers significant lifestyle value through its Prime Urban Location and Iconic City Views of the Space Needle and Puget Sound. With a Condition Rating of 4, the unit provides a solid foundation for cosmetic updates to drive future appreciation. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a walkable, amenity-rich urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 W Mercer Street #704 Subject 1 bd · 1 ba · 728 sqft · $527 | $385,000* List Price | 1 | 1 | 728 | $527 | - |
A 521 5th Avenue W 103 Sold 1 bd · 1 ba · 716 sqft · $571 · 0.0 mi | $409,000 | 1 | 1 | 716 | $571 | 0.0 mi |
B 521 5th Avenue W 602 Sold 1 bd · 1 ba · 907 sqft · $499 · 0.0 mi | $453,000 | 1 | 1 | 907 | $499 | 0.0 mi |
C 912 3rd Avenue W 101 Sold 2 bd · 2 ba · 800 sqft · $536 · 0.3 mi | $429,000 | 2 | 2 | 800 | $536 | 0.3 mi |
D 530 4th Avenue W 503 Sold 1 bd · 1 ba · 876 sqft · $524 · 0.1 mi | $459,000 | 1 | 1 | 876 | $524 | 0.1 mi |
E 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 |
F 200 W Comstock Street 102 Sold 1 bd · 1 ba · 707 sqft · $686 · 0.5 mi | $485,000 | 1 | 1 | 707 | $686 | 0.5 mi |
G 601 W Mercer Place 304 Sold 2 bd · 2 ba · 838 sqft · $525 · 0.1 mi | $440,000 | 2 | 2 | 838 | $525 | 0.1 mi |
H 521 5th Avenue W 602 Active 1 bd · 1 ba · 907 sqft · $550 · 0.0 mi | $499,000 List Price | 1 | 1 | 907 | $550 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is over 60 years old. While the listing highlights a well-run HOA and functional living space, there is no mention of recent major renovations to the kitchen, bathroom, or systems. Based on the age and description, the unit likely features dated finishes and original systems that require cosmetic updates and minor repairs.
Situated in the heart of Uptown, the property offers unparalleled walkability to Seattle's premier entertainment hubs, including the Seattle Center, Climate Pledge Arena, and top-tier dining.
This corner unit boasts exceptional natural light and features a direct view of the Space Needle from the dining room, complemented by a private balcony with peek-a-boo views of the Sound.
The inclusion of a dedicated covered parking space and a private storage unit provides significant convenience and added value in a high-density neighborhood where parking is at a premium.
The monthly HOA fee of $698 is relatively high for a one-bedroom unit, which may impact the debt-to-income ratio and overall affordability for budget-conscious buyers.
With 134 days on the market, the listing may be perceived as stagnant, potentially requiring a strategic price adjustment or renovation to compete with newer inventory.
Welcome to Triton Terrace in the heart of the vibrant Uptown/Lower Queen Anne neighborhood! This bright 1-bedroom/1-bath corner unit lives large with tons of natural light, a spacious north-facing balcony with a peek-a-boo view of the Sound, and a fabulous view of the Space Needle from the dining room. You are steps away from Seattle's best arts and entertainment: Seattle Center, MoPOP, McCaw Hall, Seattle Rep, and Climate Pledge Arena just to scratch the surface, along with Metropolitan Market and top-tier dining. Community amenities include a fitness/lounge room complete with a kitchen, sitting area, and a pool table. A dedicated covered parking space, private storage unit, secure entry and well-run HOA make this a perfect place to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 728 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $385.0K | $548.3K |
| Price per sq ft | $529 | $551 |
| Built year | 1963 | 1997 |
| HOA | $698 | $317 |
| Days on market | 163 | 63 |
May 14, 2026
$385,000
Initial Listing