Listed by RSVP Brokers ERA, Bought with Windermere RE Magnolia
$1,150,000
SOLD SEP 20, 2016

505 W Mercer Place Unit 101 Seattle, WA 98119

Lower Queen Anne Neighborhood
2 Beds
3 Baths
2,718 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$423 Per Sq Ft

4% Below List Price

Highlights

  • Views of a Sound
  • Wood Flooring
  • 1 Fireplace
  • John Hay Elementary School Rated A

About This Home

As of October 2023

Beautiful Sound and mountain views from the large patio and almost every room in this spectacular home with the walls of floor to ceiling windows. This amazing steel and concrete building is first class quality with the elevator opening directly into your home. Dramatic open floor perfect for ent and a kitchen and wine cellar, that the true chef at heart will cherish.The master suite is complete with a spa style bath with tub and walk-in shower.Large bonus room, amazing storage and 3 car parking

Last Agent to Sell the Property

Kurt Metzger

RSVP Brokers ERA License #2426 Listed on: 07/18/2016

Co-Listed By

Dawn Leverett

Ensemble License #4797

Last Buyer's Agent

Colleen McCann

Windermere RE Magnolia License #49851

Windermere RE Magnolia

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM977248

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,183

Year Built

  • Built in 2002

Parking

  • Common or Shared Parking

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1 Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Assessor Parcel Number 1532000010

Community Details

Overview

  • 8 Units
  • Queen Anne Community
  • 5-Story Property

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,183

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 30 - Condo (1 Level)
  • Entrance Level: Main
  • Unit Floor Number: 1
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliance Hookups: Cooking-Gas, Dryer-Gas, Ice Maker, Washer
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.50
  • Bathrooms Main: Main
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplace Type: Gas
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Storage: Garage
  • Storage Number: P2 Next to Parking #5
  • Estimated Sq Ft: 2718
  • Window Coverings: Shades

Exterior Features

  • Exterior: Brick, Stucco
  • Roof: Composition, Flat
  • View: Bay, Mountain, Sound

Garage/Parking

  • Numberof Assigned Spaces: 3
  • Parking Type: Common Garage
  • Parking Space Number: 17,18,19

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Radiant
  • Water Heater: Laundry-Gas

Condo/Co-op/Association

  • Numberof Units in Building: 8
  • Numberof Units In Complex: 8
  • HOA Fees: 1078
  • Community Name: Queen Anne
  • Project: Chatillon
  • Cats And Dogs: Subj To Restrictions
  • Association Contact: Sandra Wilcox (206) 818-5248
  • Common Property Features: Cable Tv, Elevator, Fire Sprinklers, High Speed Int Avail, Lobby Entrance
  • Home Owner Dues Included: Cable Tv, Central Hot Water, Earthquake Ins., Garbage, Water/Sewer, Common Area Maintenance
  • Unit Features: Balcony/Deck/Patio, Disabled Access, Ground Floor, Insulated Windows, Jetted/Soaking Tub, Master Bath, Walk-In Closet

Schools

  • School District: SEA

Lot Info

  • Lot Details: Alley, Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 5134
  • Parcel Number: 1532000010

Tax Info

  • Tax Amount: 9751

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2023
Closed on
Sep 30, 2023
Sold by
Savitt Katherine and Savitt Adam
Bought by
Austin Sanchez Trust and Jones
Seller's Agent
Julie Taylor
Windermere Real Estate/East
Buyer's Agent
Daniel Sessoms
COMPASS
List Price
$1,875,000
Sold Price
$1,800,000
Premium/Discount to List
-$75,000
-4%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%

Purchase Details

Listed on
Nov 17, 2019
Closed on
Jan 16, 2020
Sold by
Garbe John and Weller Susan
Bought by
Savitt Katherine and Diamond Adam
Seller's Agent
Colleen McCann
Windermere RE Magnolia
Buyer's Agent
Domonique Pevny
FIRST AND MAIN
List Price
$1,385,000
Sold Price
$1,285,000
Premium/Discount to List
-$100,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$963,750
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2016
Closed on
Sep 6, 2016
Sold by
Riser Jon D and Riser Tracy
Bought by
Weller Susan and Garbe John
Seller's Agent
Kurt Metzger
RSVP Brokers ERA
Buyer's Agent
Colleen McCann
Windermere RE Magnolia
List Price
$1,199,500
Sold Price
$1,150,000
Premium/Discount to List
-$49,500
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.38%
Original Mortgage
$862,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2006
Sold by
Riser Don and Riser Joan
Bought by
Riser Jon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 20, 2003
Sold by
505 W Mercer Place Llc
Bought by
Riser Don and Riser Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,500
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2000
Sold by
Linardos James T
Bought by
Riser Jon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.35%
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 Type Sale Price Title Company
Warranty Deed $1,800,000 Stewart Title
Warranty Deed $1,286,000 Cw Title
Warranty Deed $1,150,000 Chicago Title
Warranty Deed $1,250,000 Pacific Nw Tit
Warranty Deed $945,000 Chicago Title
Warranty Deed $600,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $963,750 New Conventional
Previous Owner $862,500 New Conventional
Previous Owner $124,875 Credit Line Revolving
Previous Owner $1,000,000 Fannie Mae Freddie Mac
Previous Owner $661,500 Purchase Money Mortgage
Previous Owner $480,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $1,995,888 -5.0% $678 / Sq Ft
07/09/2025 07/09/25 Price Changed $2,100,000 -2.3% $714 / Sq Ft
06/21/2025 06/21/25 For Sale $2,150,000 +19.4% $731 / Sq Ft
10/06/2023 10/06/23 Sold $1,800,000 -4.0% $612 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
07/05/2023 07/05/23 For Sale $1,875,000 +45.9% $637 / Sq Ft
01/22/2020 01/22/20 Sold $1,285,000 -7.2% $473 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
11/17/2019 11/17/19 For Sale $1,385,000 +20.4% $510 / Sq Ft
09/20/2016 09/20/16 Sold $1,150,000 -4.1% $423 / Sq Ft
08/11/2016 08/11/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $1,199,500 0.0% $441 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $1,199,500 -- $441 / 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 $16,183 $1,743,000 $341,400 $1,401,600
2023 $10,150 $1,307,000 $341,400 $965,600
2022 $10,656 $1,233,000 $305,400 $927,600
2021 $11,018 $1,192,000 $287,500 $904,500
2020 $10,970 $1,170,000 $287,500 $882,500
2018 $12,386 $1,361,000 $269,500 $1,091,500
2017 $10,440 $1,285,000 $215,600 $1,069,400
2016 $9,751 $1,119,000 $161,700 $957,300
2015 $10,418 $1,019,000 $114,900 $904,100
2014 -- $1,115,000 $114,900 $1,000,100
2013 -- $894,000 $111,300 $782,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM977248

Northwest Multiple Listing Service (NWMLS)

APN: 153200-0010