Listed by Keller Williams Rlty Bellevue, Bought with Keller Williams Rlty Bellevue
NOT LISTED FOR SALE

2500 118th Ave SE Unit 16203 Bellevue, WA 98005

Southwest Bellevue Neighborhood

Estimated Value: $482,000 - $531,000

2 Beds
2 Baths
885 Sq Ft
$552/mo HOA Fee

Last Sold December 11, 2023

Last sale price $463,000 $523 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,588/month

40 Days on Market

Highlights

  • Territorial View
  • End Unit
  • Walk-In Closet
  • Woodridge Elementary School Rated A
  • Balcony
  • Patio

About This Home

As of December 2023

Wonderful Mercer Park Condo, 5 minute drive to downtown Bellevue, parks & trails. No stairs condo & the private garage entrance/exit is right next to the front door. New interior paint, carpet & comes w/ all appliances including washer & dryer. Guest bedroom has French doors leading to the spacious deck w/ views of the greenbelt area. Master bedroom features it's own full bath & 2 walk-in closets. Wonderfully light & bright END unit w/ lots of privacy, no one looking in. A great value, w/ just minutes to downtown Bellevue w/ jogging/biking trails across the street. No rent cap, must have 1 year ownership prior to renting! 1 car garage plus two outdoor parking spots. Clubhouse has exercise room, sauna & gathering room, just an amazing condo!

Last Agent to Sell the Property

Jacqueline Nguyen

Keller Williams Rlty Bellevue License #26631 Listed on: 10/12/2023

Keller Williams Rlty Bellevue

Last Buyer's Agent

Junjie Wu

Keller Williams Rlty Bellevue License #22005572

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2171382

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,038

Year Built

  • Built in 1990

Lot Details

  • End Unit

HOA Fees

  • $552 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 885 Sq Ft Home
  • 3-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Ceramic Tile Flooring
  • Territorial Views

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater

Community Details

  • Association fees include common area maintenance, garbage, sewer, snow removal, water
  • 122 Units
  • Trestle Community Management Association
  • Secondary HOA Phone (425) 454-6404
  • Mercer Park Condos
  • Bellevue Subdivision
  • Park Phone (425) 454-6404 | Manager Trestle Community Management

Listing and Financial Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,038

Year Built

Built in 1990

Lot Details

0

HOA Fees

$552 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1990
  • Inclusions: Dishwasher,Dryer,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Mercer Park
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 885
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Primary Bath,Walk-in Closet
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2171382?w=Consumer&agent=75334
  • Special Features: VirtualTour
  • Cumulative Days on Market: 629

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceramic Tile, Balcony/Deck/Patio, Fireplace, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 3
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 2
  • AppliancesIncluded: Dishwasher,Dryer,Refrigerator,Stove/Range,Washer
  • NWM_NumberOfBathtubs: 2

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Individual Garage
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 2

Utilities

  • Cooling: Insert
  • Cooling Y N: Yes
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • WaterHeaterLocation: Closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Park Manager Name: Trestle Community Management
  • Park Manager Phone: 425-454-6404
  • Senior Community: No
  • Association Fee: 552
  • Association Fee Frequency: Monthly
  • Phone: 425-454-6404
  • Association: Yes
  • Pets Allowed: See Remarks
  • AssociationContactName: Trestle Community Management

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Sewer, Snow Removal, Water

Schools

  • Junior High Dist: Bellevue

Lot Info

  • Parcel Number: 5452291210
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • RentalCap: No Rental Cap
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3038

Multi Family

  • Number Of Units In Community: 122
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Dec 7, 2023
Sold by
Wagner Bryan W and Wagner Rachelle J
Bought by
Zhang Xian and Li Zhi
Seller's Agent
Jacqueline Nguyen
Keller Williams Rlty Bellevue
Buyer's Agent
Junjie Wu
Keller Williams Rlty Bellevue
List Price
$475,000
Sold Price
$463,000
Premium/Discount to List
-$12,000
-2.53%
Views
385
Current Estimated Value
$503,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,299
Avg. Annual Appreciation
5.03%

Purchase Details

Closed on
Apr 22, 2017
Sold by
Wagner Jared and Tan Lilian
Bought by
Wagner Bryan W and Nicolle Rachelle J

Purchase Details

Closed on
Sep 15, 2015
Sold by
Howard Janelle and Howard Kenneth David Franklin
Bought by
Wagner Jared and Tan Lilian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,875
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 29, 2005
Sold by
Bartelt Lucas and Jones Christy
Bought by
Didericksen Janelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
5.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 7, 2004
Sold by
Yglesias Michael J
Bought by
Bartelt Lucas and Jones Christy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,800
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2000
Sold by
Draheim Timothy D and Draheim Julie E
Bought by
Yglesias Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,450
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 2, 1998
Sold by
Yelton Bruce G and Yelton Cynthia M
Bought by
Draheim Timothy D and Draheim Julie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,480
Interest Rate
6.9%

Purchase Details

Closed on
Dec 24, 1996
Sold by
Yelton Bruce G
Bought by
Yelton Bruce G and Yelton Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,200
Interest Rate
7.59%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhang Xian $463,000 Wfg National Title Company Of
Wagner Bryan W -- None Available
Wagner Jared $242,500 Ticor National
Didericksen Janelle $235,000 Lawyers Title
Bartelt Lucas $181,000 Chicago Title
Yglesias Michael J $149,950 Chicago Title
Draheim Timothy D $124,000 --
Yelton Bruce G -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wagner Jared $181,875
Previous Owner Didericksen Janelle $47,000
Previous Owner Didericksen Janelle $188,000
Previous Owner Bartelt Lucas $144,800
Previous Owner Yglesias Michael J $145,450
Previous Owner Draheim Timothy D $126,480
Previous Owner Yelton Bruce G $54,200
Closed Bartelt Lucas $27,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $463,000 -2.5% $523 / Sq Ft
11/21/2023 11/21/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $475,000 0.0% $537 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $475,000 0.0% $537 / Sq Ft
10/17/2023 10/17/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $475,000 -- $537 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,089 $419,000 $63,400 $355,600
2023 $3,038 $473,000 $63,400 $409,600
2022 $3,175 $427,000 $61,200 $365,800
2021 $3,113 $385,000 $61,200 $323,800
2020 $3,090 $350,000 $61,200 $288,800
2018 $2,486 $326,000 $59,000 $267,000
2017 $2,079 $269,000 $56,800 $212,200
2016 $1,980 $237,000 $54,600 $182,400
2015 $1,884 $224,000 $52,400 $171,600
2014 -- $211,000 $34,900 $176,100
2013 -- $157,000 $30,600 $126,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2171382

Northwest Multiple Listing Service (NWMLS)

APN: 545229-1210