2500 81st Avenue SE Unit #118, Mercer Island, WA 98040

$399,950
2
BD
1
BA
965
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of Realogics Sotheby's Int'l Rlty.

List Price
$399,950
Status
ACTIVE
MLS#
2480792
Price Change
▼ $15,050 1784337416
Days on Market
120
Bedrooms
2
Finished SqFt
965
Fireplace
Yes
Area Total SqFt
965
Annual Tax Ammount
2606

Property Description

PRICE IMPROVED + SELLER PAYS 6 MONTHS OF HOA DUES! Discover one of the best values in downtown Mercer Island. This beautifully remodeled residence is ideally located directly across from the new light rail station and just moments from Luther Burbank Park, downtown Mercer Island, the Community Center, waterfront parks, and regional walking and biking trails. Enjoy rare features including no rental cap, a conveniently located covered carport near the entrance, large storage unit (#14), and an approved, recorded in-unit washer/dryer. Building amenities include an elevator and club/conference room (currently being renovated). The fully renovated interior features a designer kitchen with farmhouse sink, updated bathroom, new lighting, fireplace, custom closet organizers, air conditioning, and a private in-unit washer/dryer. Bright, open living spaces extend to an expansive west-facing veranda—perfect for relaxing, entertaining, and enjoying beautiful sunset views. Located in Mercer Island's award-winning school district with quick access to both Seattle and Bellevue, this home offers exceptional convenience, flexibility, and investment potential. Price has been significantly improved, and the seller will pay 6 months of HOA dues—making this an exceptional opportunity for homeowners and investors alike.

Additional Information

Community
Mercer Island
Building Name
Mercer Isle Condominiums
Style
30 - Condo (1 Level)
Floor #
2
Year Built
1960
# of Assigned Spaces
1
View
City, Territorial
Roof
Flat, Torch Down
Unit Features
Balcony/Deck/Patio, Insulated Windows
Tax Year
2026
HOA Dues
$1,070
School District
Mercer Island
Potential Terms
Cash, Conventional
Interior Features
Cooking-Electric, Dryer-Electric, Fireplace, Insulated Windows, Washer, Water Heater
Flooring
Vinyl Plank
Driving Directions
From I-90, take Mercer Island Exit 7. Head south on 77th Ave SE, turn left on SE 24th St, then right on 81st Ave SE. Building is on the left across from the light rail station. Park @ visitor parking.
Appliance
Dishwasher, Disposal, Dryer, Refrigerator, Stove(s)/Range(s)
Appliances Included
Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s)
Water Heater Location
Utility Room
Water Heater Type
Electric
Energy Source
Electric
Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks