Listed by NW Experience Real Estate, Bought with American Classic Homes
NOT LISTED FOR SALE

2500 81st Ave SE Unit A125 Mercer Island, WA 98040

North Mercer Neighborhood

Estimated Value: $325,893 - $425,000

1 Bed
1 Bath
715 Sq Ft
2.67 Acres

Last Sold June 30, 2015

Last sale price $180,000 $252 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,079/month

6 Days on Market

Highlights

  • City View
  • Contemporary Architecture
  • Wall to Wall Carpet
  • Northwood Elementary School Rated A

About This Home

As of June 2015

Superbly located in the TOP flr SW corner, this 715 sf, 1-bed/1 bath home at the Mercer Isle has no shared walls. This well-laid out, nicely maintained unit has a lg living rm w/space for an office area. Kitchen w/fridge, dw & newer stove plus a generous dining area. Excellent rental history past 16 yrs. Enjoy the convenience of being located across the st frm the Park/Ride, near downtown & a couple of blocks frm Luther Burbank Park. NO RENTAL CAP. Low dues $305. Lg storage/1 parking. No pets.

Last Agent to Sell the Property

Renata Andrews

NW Experience Real Estate License #11199 Listed on: 06/11/2015

Last Buyer's Agent

Ryan Runge

American Classic Homes License #25405

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM800322

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,838

Year Built

  • Built in 1960

Lot Details

  • 2.67

Parking

  • Uncovered Parking

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 3-Story Property
  • Blinds
  • City Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl

Listing and Financial Details

  • Assessor Parcel Number 5451500250

Community Details

Overview

  • Downtown Community

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,838

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 30 - Condo (1 Level)
  • Architecture: Contemporary
  • Entrance Level: Main
  • Unit Floor Number: 3
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Bedrooms: 1.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Dining Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Storage: Basement L-2
  • Storage Number: 21
  • Estimated Sq Ft: 715
  • Window Coverings: Blinds

Exterior Features

  • Exterior: Brick, Stucco
  • Roof: Flat
  • View: City

Garage/Parking

  • Numberof Assigned Spaces: 1
  • Parking Type: Uncovered
  • Parking Space Number: 63

Utilities

  • Heating And Cooling: Radiant
  • Water Heater: Closet-Electric-5 years old

Condo/Co-op/Association

  • Numberof Units In Complex: 89
  • HOA Fees: 305
  • Community Name: Downtown
  • Project: Mercer Isle
  • Cats And Dogs: No Dogs Or Cats
  • Manager Contact Information: SUHRCO/Richard Perry (425) 455-0900
  • Common Property Features: Elevator, Laundry Room, Lobby Entrance
  • Home Owner Dues Included: Earthquake Ins., Garbage, Water/Sewer, Common Area Maintenance
  • Unit Features: Balcony/Deck/Patio, End Unit, Top Floor

Schools

  • School District: MIS

Lot Info

  • Lot Details: Paved Street, Sidewalk
  • Lot Sq Ft: 116373
  • Parcel Number: 5451500250

Tax Info

  • Tax Amount: 1495

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2015
Closed on
Jun 26, 2015
Sold by
Mulholland Michael A and Mulholland Deborah K
Bought by
Chan Lily
Seller's Agent
Renata Andrews
NW Experience Real Estate
Buyer's Agent
Ryan Runge
American Classic Homes
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%
Current Estimated Value
$367,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,973
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Aug 18, 1999
Sold by
Gordon Bernard B and Gordon Barbara L
Bought by
Mulholland Michael A and Mulholland Deborah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
7.63%
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
Chan Lily $180,000 First American
Mulholland Michael A $109,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mulholland Michael A $81,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 Sold $180,000 -4.8% $252 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $189,000 -- $264 / 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 $1,838 $278,000 $82,200 $195,800
2023 $2,078 $344,000 $82,200 $261,800
2022 $2,394 $336,000 $82,200 $253,800
2021 $2,377 $323,000 $82,200 $240,800
2020 $2,432 $295,000 $82,200 $212,800
2018 $1,903 $289,000 $82,200 $206,800
2017 $1,525 $218,000 $82,200 $135,800
2016 $1,524 $186,000 $82,200 $103,800
2015 $1,507 $181,000 $82,200 $98,800
2014 -- $171,000 $80,000 $91,000
2013 -- $128,000 $80,000 $48,000
Source: Public Records

Agents Affiliated with this Home

  • Renata Andrews

    Seller's Agent in 2015

    Renata Andrews

    NW Experience Real Estate

    (206) 473-8848

    1 in this area

    23 Total Sales

    Renata Andrews
    Section Image
  • Ryan Runge

    Buyer's Agent in 2015

    Ryan Runge

    American Classic Homes

    (206) 407-8719

    152 Total Sales

    Ryan Runge
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM800322

Northwest Multiple Listing Service (NWMLS)

APN: 545150-0250

Washington King County Mercer Island 98040 North Mercer

2500 81st Ave SE Unit A125, Mercer Island, WA

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Based on information submitted to the MLS GRID

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