NOT LISTED FOR SALE

2500 81st Ave SE Mercer Island, WA 98040

North Mercer Neighborhood

Estimated Value: $415,000 - $524,000

3 Beds
1.5 Baths
1,065 Sq Ft
$737/mo HOA Fee

Last Sold April 28, 2023

Last sale price $450,000 $423 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,411/month

About This Home

As of April 2023

This home is located at 2500 81st Ave SE, Mercer Island, WA 98040 since 28 April 2023 and is currently estimated at $468,487, approximately $439 per square foot. This property was built in 1970. 2500 81st Ave SE is a home located in King County with nearby schools including Northwood Elementary School, Islander Middle School, and Mercer Island High School.

Last Agent to Sell the Property

Ling Drost

WeLakeside License #27427 Listed on: 04/28/2023

WeLakeside

Last Buyer's Agent

Ling Drost

WeLakeside License #27427 Listed on: 04/28/2023

WeLakeside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2065726

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,669

Year Built

  • Built in 1970

Lot Details

  • 2.67

HOA Fees

  • $737 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,065 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Community Details

  • Association fees include sewer
  • 89 Units
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5451500290

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,669

Year Built

Built in 1970

Lot Details

0

HOA Fees

$737 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 34 - Condo (3 Levels)
  • Year Built: 1970
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Three Or More
  • New Construction: No
  • CalculatedSquareFootage: 1065
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Main Level Bedrooms: 3
  • Stories: 3
  • BathsFullMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No

Utilities

  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 737
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Sewer

Lot Info

  • Parcel Number: 5451500290
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units In Community: 89

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Apr 24, 2023
Sold by
Yan
Bought by
Yin Hang and Guo Hanchang
Seller's Agent
Ling Drost
WeLakeside
Buyer's Agent
Ling Drost
WeLakeside
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$468,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,487
Avg. Annual Appreciation
1.62%
Original Mortgage
$382,500
Outstanding Balance
$371,869
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$96,618

Purchase Details

Closed on
Mar 2, 2015
Sold by
Chen Weian and Chen Yiqun
Bought by
Yan Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,320
Interest Rate
3.57%

Purchase Details

Closed on
Feb 18, 2015
Sold by
Mcdonald William and Yan Yan
Bought by
Yan Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,320
Interest Rate
3.57%

Purchase Details

Closed on
Feb 1, 2000
Sold by
Pollard Katheryn Elizabeth and Pollard Robert W
Bought by
Chen Weian and Chen Yiqun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,200
Interest Rate
7.5%
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
Yin Hang $450,000 Chicago Title
Yan Yan $297,900 Chicago Title
Yan Yan -- Chicago Title
Chen Weian $164,000 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yin Hang $382,500
Previous Owner Yan Yan $238,320
Previous Owner Chen Weian $131,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2023 04/28/23 Sold $450,000 0.0% $423 / Sq Ft
04/28/2023 04/28/23 For Sale $450,000 -- $423 / 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 $2,669 $405,000 $120,700 $284,300
2023 $3,053 $509,000 $120,700 $388,300
2022 $3,638 $495,000 $120,700 $374,300
2021 $3,521 $492,000 $120,700 $371,300
2020 $3,680 $438,000 $120,700 $317,300
2018 $3,030 $424,000 $120,700 $303,300
2017 $2,412 $348,000 $120,700 $227,300
2016 $2,201 $295,000 $120,700 $174,300
2015 $2,076 $262,000 $120,700 $141,300
2014 -- $236,000 $117,600 $118,400
2013 -- $176,000 $117,600 $58,400
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Ling Drost

    WeLakeside

    (206) 876-0140

    4 in this area

    187 Total Sales

    Ling Drost
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2065726

Northwest Multiple Listing Service (NWMLS)

APN: 545150-0290

Washington King County Mercer Island 98040 North Mercer

2500 81st Ave SE, Mercer Island, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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