601 W Mercer Place #301, Seattle, WA 98119, Seattle, 98119 - 2 bed, 2 bath
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601 W Mercer Place #301
Seattle, WA 98119
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,513Sq Ft
1,513Lot Size
Property Price
LIST PRICE$649,999
EST. MARKET VALUE
$661,336
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $649,999—positioned well below the $661,336 Fair Market Value by 1.7%. This valuation gap offers $11,337 in Instant Equity for the buyer. Featuring an updated granite kitchen, dual gas fireplaces, and panoramic Puget Sound views, the property maintains a Good Condition Rating. With proximity to top-rated schools like Queen Anne Elementary, this residence is an ideal acquisition for Owner-Occupants or first-time buyers seeking a premium, move-in ready lifestyle.
Estimated Market Value
$661,336
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 |
|---|---|---|---|---|---|---|
★ 601 W Mercer Place #301 Subject 2 bd · 2 ba · 1,513 sqft · $437 | $649,999* List Price | 2 | 2 | 1,513 | $437 | - |
A 2040 13th Avenue W 13 Sold 2 bd · 2 ba · 1,260 sqft · $468 · 1.0 mi | $590,000 | 2 | 2 | 1,260 | $468 | 1.0 mi |
B 522 W Mercer Place 401 Sold 2 bd · 2 ba · 985 sqft · $518 · 0.1 mi | $510,000 | 2 | 2 | 985 | $518 | 0.1 mi |
C 410 W Roy Street E101 Sold 2 bd · 2 ba · 1,112 sqft · $508 · 0.1 mi | $565,000 | 2 | 2 | 1,112 | $508 | 0.1 mi |
D 619 5th Avenue W 302 Pending 3 bd · 2 ba · 1,604 sqft · $514 · 0.1 mi | $825,000 List Price | 3 | 2 | 1,604 | $514 | 0.1 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 1995 (29 years old), the property features an updated kitchen with granite countertops, stainless steel appliances, and modern flooring. The interior is well-maintained, move-in ready, and includes functional systems like dual gas fireplaces and wall-mounted AC units, fitting the 5-15 year renovation criteria for a Good rating.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views & Natural Light
The west-facing orientation provides sweeping panoramic views of the Puget Sound and mountains, paired with excellent natural light throughout the 1,513 square foot layout.
- Exceptional Parking & Storage
Rare for city living, this unit includes two assigned secure garage parking spaces, guest parking, and private storage, offering significant convenience and value.
- Significant Seller Incentive
The seller is offering up to $15,000 toward buyer closing costs, which substantially reduces the initial capital required for purchase.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $998 is relatively high, which may impact the debt-to-income ratio for some buyers and increases ongoing carrying costs.
- Building Age
Constructed in 1995, the property may soon require capital improvements or updates to common areas and systems compared to newer condominium developments in Queen Anne.
About 601 W Mercer Place #301
Enjoy sweeping panoramic Puget Sound views and beautiful natural light from this west-facing 2 bed condo. With over 1,500 square feet, the spacious layout offers 2 bedrooms and 2 bathrooms designed for comfortable city living. Two gas fireplaces create a warm and inviting atmosphere in both the living room and dining area. The updated kitchen opens nicely for everyday living and entertaining. The primary bedroom features a walk-in closet and en suite bathroom, while the unit also offers ample closet and storage space throughout. Enjoy the convenience of secure garage parking with two assigned spaces, guest parking, and private storage. Just moments from Seattle’s best dining, shopping, and entertainment. Seller is offering up to $15,000 to buyer in closing costs!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1995
- Lot Size
- 1,513 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $998 / Month
Neighborhood Insights
Seattle Unified Schools
Hay Elementary School
Grades K-5 • 0.8 mi
7/10
Queen Anne Elementary School
Grades K-5 • 1.2 mi
8/10
Mcclure Middle School
Grades 6-8 • 0.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,513 | 1,048.033 |
| Lot Size | 1,513 | 1,930.425 |
| Price | $650.0K | $548.3K |
| Price per sq ft | $430 | $551 |
| Built year | 1995 | 1997 |
| HOA | $998 | $317 |
| Days on market | 4 | 63 |
Pricing History
Listed for Sale
Oct 20, 2026
$649,999
Initial Listing