1 month on rocket

Sale Pending

314 E Mercer St, Seattle, WA, 98102

$1,395,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,595 SqFt
$304/SqFt
House
Schools Nearby

Location

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314 E Mercer St, Seattle$1,395,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Year Built1909
ViewCity, Mountain(s), Partial, Territorial
MLS #2211088
Lot Size0.06 Acres
StatusSale Pending
(Pending)

About 314 E Mercer St

This classic 5-unit apartment building in prime Capitol Hill location will offer the savvy investor a strong revenue stream and tons of upside. Each spacious unit features a unique layout, wood floors, fresh interior paint, gas cooking. Great mix of 1 bed, 1+ den, 2-story units, some with views of city + mountains. The basement includes storage, common laundry, large unfinished area for possible expansion. Rents are proforma from property manager. Currently a 5.2 CAP with room for upside. The building is now vacant, allowing new owner the option to renovate or place tenants immediately. Low vacancy rate historically (fully leased for many years). Great location, close to light rail, SLU, freeway, everything on Capitol Hill and DT Seattle.

Property Details

Property Features

Property Information:

  • Year Built: 1909
  • Stories: 3
  • Living Area: 4,595 SqFt

Listing Office:

  • Office Name: Windermere RE Greenwood
  • Listing Agent: Jed A Kliman

Interior Features

Interior Information:

  • Flooring Type: Concrete, Softwood, Hardwood, Vinyl Plank, Carpet
  • Interior: Concrete, Fir/Softwood, Hardwood, Wall to Wall Carpet

Exterior Features

Exterior Information:

  • View: City, Mountain(s), Partial, Territorial
  • Exterior: Wood

Lot Features

Lot Information:

  • Lot: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size: 0.06 Acres

School Info

Assigned Schools Information:

  • Cleveland High School, Public District Grades 9-12
  • Washington Middle School, Public District Grades 6-8
  • Jane Addams K-8, Public District Grades KG-8
  • South Shore K-8 School, Public District Grades PK-8
  • Lowell Elementary School, Public District Grades PK-5
  • Queen Anne Elementary School, Public District Grades KG-5
  • K-5 STEM At Boren, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Broadway, go west on E Mercer St to property. Great Capitol Hill location.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,395,000
  • Price Per SqFt: $304/SqFt

Tax Information:

  • Annual Amount: $13,153
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Seattle, WA.

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Seattle, WA

City

Med. Sold Price

$807.3K

Med. Price/SqFt

$563

Avg. Days On Market

33

# of Sold Homes

735

314 E Mercer St vs Seattle

37 DAYS ON ROCKET

+4 Days

$1,395,000

+$587.6K More

$304/SqFt

-$260 Less

KEY TAKEAWAY

This property is $587.6K more than the Median Sold Price and $260/SqFt less than other homes in Seattle, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2211088

Listing Office:

  • Office Name: Windermere RE Greenwood
  • Listing Agent: Jed A Kliman

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

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.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:47:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$13,153$1,368,000
2018$9,455$1,098,000
2017$9,831$993,000

History based on county public records data.

Payment Calculator

$7,030

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,249

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1088483
8
/10

  • Lowell Elementary School

  • 1058 E Mercer St

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-1088484
8
/10

  • Queen Anne Elementary School

  • 4400 Interlake Ave N

  • 2.52 miles

  • Public District Grades KG-5

school-card-donut-1088485
6
/10

  • K-5 STEM At Boren

  • 5950 Delridge Way SW

  • 5.48 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1088486
5
/10

  • Washington Middle School

  • 2101 S Jackson St

  • 2.12 miles

  • Public District Grades 6-8

school-card-donut-1088487
7
/10

  • Jane Addams K-8

  • 11051 34th Ave NE

  • 6.15 miles

  • Public District Grades KG-8

school-card-donut-1088488
4
/10

  • South Shore K-8 School

  • 4800 S Henderson St

  • 7.39 miles

  • Public District Grades PK-8

High School

school-card-donut-1088489
6
/10

  • Cleveland High School

  • 5511 15th Ave S

  • 5.02 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,026. The most common annual income of people living in Seattle, WA is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 314 E Mercer St

What is the listing price of this property?

The listing price of 314 E Mercer St property is $1,395,000.

What type of property is this?

The property 314 E Mercer St is a house located in Seattle, Washington, 98102.

Is this property for sale now?

Sale Pending: 314 E Mercer St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 314 E Mercer St are:
Lowell Elementary School: GreatSchools Rating 8/10
Queen Anne Elementary School: GreatSchools Rating 8/10
K-5 STEM At Boren: GreatSchools Rating 6/10
Washington Middle School: GreatSchools Rating 5/10
Jane Addams K-8: GreatSchools Rating 7/10
South Shore K-8 School: GreatSchools Rating 4/10
Cleveland High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $13,153 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 314 E Mercer St is 4,595 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 314 E Mercer St is 1909.

Rocket Homes›Washington›King County›Seattle›98102›314 E Mercer St

This home is located at 314 E Mercer St in Seattle, WA and zip code 98102 in the East neighborhood. This 4,595 square foot home, which was built in 1909, sits on a 0.06 acre lot. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $1,395,000.

In March 2024, from all listings sold in Seattle, WA there were more than 243 sold above asking price, over 241 sold below and more than 251 were sold right at the asked price. The number of homes for sale in Seattle, WA increased by 18.2% between February 2024 and March 2024. Listings spent 33 days on the market in March 2024, and had a median list price of $807,306 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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