For Sale17d on market
2500 81st Avenue SE #118
Mercer Island, WA, 98040 • 98040 • King County
$425,000
$440/sqft
Down payment assistance available
2Beds
1Baths
965Sqft
1960Built
Property DNA
Scenic Views
City · Territorial
Condo (1 Level) Style
Built 1960 · 66 years of history
Mercer Island
98040
Outdoor Living
Cooking-Electric · Dryer-Electric · Fireplace · Insulated Windows · Washer · Water Heater
1 Fireplace
See Remarks · Wood Burning · Main Level: 1 · Fireplace
This home is getting attention
Listed 17 days ago · 1,344 views · 35 saves
Market activity
Demand and pricing signals for this listing
1,344 views
People checking out this listing
35 saves
Buyers have saved this home
17 days on market
Recently listed
$440/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 31% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Condo · Built 1960
LOCATION, LOCATION, LOCATION Centrally located in the heart of Mercer Island (MI), this beautifully updated residence offers the ultimate convenience and lifestyle. Situated directly across from the future light rail station and steps to Luther Burbank Park, the MI Community Center, downtown Mercer Island, and scenic waterfront trails, this residence delivers unmatched accessibility. Rare features include no rental cap, rare covered assigned parking near the entrance, and a large onsite storage unit (#14). Amenities include elevator and a conference club room (currently under renovation). Inside this residence, enjoy a fully remodeled interior with a designer kitchen featuring a farmhouse sink, tastefully updated bathroom, new lightings, a fireplace, large screen doors, new closets and custom closet organizers. It also offers a private in-unit washer/dryer and air conditioning for year-round comfort. Bright, open living spaces flow seamlessly to an expansive 90-foot veranda with serene, unobstructed western exposure—perfect for sunset views and alfresco dining. Located in a top-rated school district with quick access to both Bellevue and Seattle, plus direct connectivity to regional walking and cycling trails, this is Mercer Island living at its finest. No rental cap provides unlimited options for owners at the most central location on the island. MUST SEE. Offers, if any, due by Tuesday, March 31st at 10AM.
Standout features identified
Our analysis highlights large screen doors, fully remodeled interior, and new lightings as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,700/month
Principal & Interest$2,079
Property Tax$425
Insurance$142
HOA$1,054
Down payment20% ($85,000)
3%50%
Est. 6.18% rate · 30yr fixed · $340,000 loan
Full calculator →At a glance
Key facts and listing details
TypeCondominium
Year Built1960
HeatingFireplace, Baseboard, Electric
CoolingWindow Unit(s)
Parking1 Covered Parking space
HOA$1,054 monthly
Days on Zillow17 Days
Price/sqft$440
Property
Home typeCondo
Sub-typeCondominium
StyleCondo (1 Level)
Year built1960
Stories1
Systems
HeatingFireplace, Baseboard, Electric
CoolingWindow Unit(s)
RoofFlat,Torch Down
ConstructionBrick, Wood Products
Water / SewerCompany: HOA / Company: HOA
Parking & Outdoor
ParkingOff Street, Uncovered
Fireplaces1
Location & Tax
Neighborhood98040
Annual tax$2,606
Parcel5451500180
Bathrooms & Fees
Full baths1
HOA$1,054/mo
Features & details
14 categories of property features
Interior Features
Appliances
Dishwasher
Disposal
Dryer
Refrigerator
Stove(s)/Range(s)
Dishwasher(s)
Dryer(s)
Garbage Disposal
Refrigerator(s)
Water Heater: Electric
Water Heater Location: Utility Room
Cooking - Electric Hookup
Cooking-Electric
Dryer-Electric
Washer
Flooring
Vinyl Plank
Heating
Fireplace
Baseboard
Electric
Cooling
Window Unit(s)
Laundry
Electric Dryer Hookup
Washer Hookup
Common Area
Fireplace
See Remarks
Wood Burning
Main Level: 1
Fireplace
Windows
Insulated Windows
Green/Energy
Insulated Windows
Exterior Features
Parking
Off Street
Uncovered
Construction
Brick
Wood Products
Patio & Porch
Cooking-Electric
Dryer-Electric
Fireplace
Insulated Windows
Washer
Water Heater
Lot Features
Curbs
Open Lot
Paved
Sidewalk
Community
Clubhouse
Elevator
Lobby Entrance
Outside Entry
See Remarks
Views
City
Territorial
Room details
7 rooms detailed
Bedroom
MainBedroom
MainBathroom Full
Dining Room
MainKitchen With Eating Space
MainLiving Room
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market17
Est. value$419,100
Est. rent$2,519/mo
Tax rate0.82%
Price/sqft$440
On marketMar 20, 2026
PostedMar 20, 2026
Last sold$249,950
MLS statusActive
MLS updatedApr 4, 2026
Tour days9
Views1,344
Favorites35
How are the schools in Mercer Island?
3 schools rated nearby
Location
Mercer Island, WA, 98040
Price history
3 events
DateEventPrice$/sqftSource
Mar 20, 2026Listed For Sale$425,000$440NWMLS as distributed by MLS GRID
Aug 29, 2014Sold$249,950$259NWMLS as distributed by MLS GRID
Jul 13, 2014Listed For Sale$249,950$259Coldwell Banker Danforth
Listed For Sale$425,000
Mar 20, 2026•$440/sqft•NWMLS as distributed by MLS GRID
Sold$249,950
Aug 29, 2014•$259/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$249,950
Jul 13, 2014•$259/sqft•Coldwell Banker Danforth
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$2,251$341,000
Apr 7, 2023$2,915$421,000
Apr 7, 2022$2,489$403,000
Apr 7, 2021$2,917$394,000
Apr 7, 2020$2,889$359,000
Apr 7, 2019$2,945$371,000
Apr 7, 2018$2,696$357,000
Apr 7, 2017$2,510$288,000
Apr 7, 2016$1,892$244,000
Apr 7, 2015$1,892$221,000
Apr 7, 2014$1,892$215,000
Apr 7, 2013$1,892$157,000
Apr 7, 2012—$144,000
Apr 7, 2011—$72,500
Apr 7, 2010—$72,500
Apr 7, 2009—$72,500
Apr 7, 2007—$72,500
Apr 7, 2006—$72,500
Apr 7, 2005—$72,500
Apr 7, 2001$163$72,500
Apr 7, 2000$176$72,500
Nearby homes
Neighborhood details
Local context around this listing
Mercer Island, WA • King County
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98040
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 05:48:26 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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