507 W Mercer Street 704, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
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Seattle, WA 98119
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $385,000—positioned well below the $391,206 Fair Market Value by 1.6%. This valuation gap offers $6,206 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern laminate flooring and stainless steel appliances. Residents enjoy a Space Needle view, a private balcony, and covered parking. This property is an ideal acquisition for first-time buyers or urban professionals seeking a vibrant, walkable lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 W Mercer Street 704 Subject | $385,000* List Price | 1 | 1 | 728 | $537 | - |
A 521 5th Avenue W 103 Pending | $399,000 List Price | 1 | 1 | 716 | $557 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1963, the unit has been well-maintained and updated with modern laminate flooring and stainless steel appliances. The kitchen features painted cabinetry and laminate counters that appear to be from a mid-range renovation within the 5-15 year range, making it functional and move-in ready.
Situated in the heart of Uptown/Lower Queen Anne, this property offers exceptional walkability to Seattle Center, Climate Pledge Arena, and world-class dining and entertainment.
This bright corner unit features a direct view of the Space Needle from the dining room and a north-facing balcony with peek-a-boo views of the Sound, providing a quintessential city living experience.
The inclusion of a dedicated covered parking space, private storage unit, and community fitness lounge with a pool table adds significant value and convenience in a high-density neighborhood.
The monthly HOA fee of $698 is relatively high for a one-bedroom unit at this price point, which may impact the overall affordability and debt-to-income ratio for some buyers.
Constructed in 1963, the building may lack some of the modern energy efficiencies, soundproofing, or contemporary infrastructure found in newer condominium developments.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1963 | - | 0% |
| HOA | $698 | $0 | 0% |
| Days on market | - | - | 0% |
May 14, 2026
$385,000
Initial Listing