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$489,995 Just Listed
Property Description
Reverie at Mercato, one of downtown Tacoma's premier condominium communities, ideally located in the heart of vibrant New Tacoma. This beautifully updated 2-bedroom + den, 2-bath residence offers an exceptional blend of style, comfort, and walkable urban living. Freshly refreshed with updated flooring, paint, and modern finishes, the open-concept design is filled with natural light from expansive windows overlooking the beautifully landscaped courtyard below. Well-appointed kitchen features rich cabinetry, granite countertops, stainless steel appliances, abundant storage, and a generous breakfast bar that opens seamlessly to the dining and living areas. The spacious primary suite includes a walk-in closet and private ensuite bath, while the second bedroom and dedicated den provide flexible space for guests, a home office, fitness room. Morning coffee or evening relaxation on your private balcony overlooking the peaceful courtyard. Residents enjoy secure access, underground parking with three (3) parking spaces, private storage, a fitness center, theater, community kitchen, and beautifully maintained outdoor gathering spaces with BBQ areas. With an outstanding Walk Score, you're just steps from Tacoma's best restaurants, coffee shops, museums, theaters, UWT, the waterfront, Link light rail, and countless entertainment options. Experience the convenience of low-maintenance living without sacrificing space, amenities, or location. This is downtown Tacoma living at its finest.
Full Property Details
Full Property Details for 1501 Tacoma Ave S #312
General
- Price: $489,995
- HOA FEE: $625/month
- Taxes: $4,216 (2025)
- Status: Active
- Type: Condo
- Source: NWMLS
- MLS ID: 2531969
- Updated: 5/31/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Cooking-Electric, Dryer-Electric, Fireplace, Ice Maker, Insulated Windows, Primary Bathroom, Walk-In Closet(s), Washer, Water Heater
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Electric
- Appliances: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Flooring: Ceramic Tile, Carpet
- Floor/Window Décor: Blinds
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
- Main Floor Baths: 2
- Main - 3/4 Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Electric Dryer Hookup, Washer Hookup
Parking
- Garage: Yes
- Covered Spaces: 3
- Parking Features: Common Garage
Location
- Area: 30 - Central Tacoma
- County: Pierce
- Subdivision: Tacoma
- Building Name: Reverie At Marcato
- Driving Directions: From the 702 exit A St and 15th. Bear left on 15th up the hill to Tacoma Ave. Entry at the corner of Tacoma Ave and 15th
- Direction Faces: North
School Information
- High School District: Tacoma
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Community
- Association: Yes
- Assoc. Fees Include: Common Area Maintenance, Earthquake Insurance, Lawn Service, Trash
- Units Assoc/Comm: 97
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant
- Water Heater: Electric
Structural Information
- Architectural Style: Modern
- Structure Type: Condominium
- Exterior Const.: Brick, Cement/Concrete, Metal/Vinyl, Wood
- Roof: Flat
- Entry Location: Main
- Stories in Building: 6
- Square Feet: 1,195
- Year Built: 2006
Unit Information
- Units in Building: 97
- Unit Features: Balcony/Deck/Patio, Insulated Windows, Primary Bath, Walk-in Closet
Lot Features
- Property View: Mountains, Sound, Territorial
- Lot Size (Acres): 0.0099
- Lot Size (Sq. Ft.): 431
- Lot Size Source: Realist
- Lot Features: Corner Lot, Curbs, Paved, Sidewalk
Green Features
- Energy Efficient: Insulated Windows
Financial Considerations
- Association Fee: $625
- Assoc Fee Freq.: Monthly
- Tax Amount: $4,216
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, State Bond, VA Loan
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Property ID: 9006930430
Listed by Danny Altizer | Real Broker LLC | (855) 450-0442
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Schools
Schools serving 1501 Tacoma Ave S #312
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
Edna Travis Elementary 2111 South J Street, Tacoma, WA 98405 | PK-5 | 0.5 mi |
Hilltop Heritage Middle School 602 North Sprague Avenue, Tacoma, WA 98403 | 6-8 | 1.2 mi |
Stadium High School 111 North E Street, Tacoma, WA 98403 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1501 Tacoma Ave S #312
Date
Details
Price
Change
Source
5/29/2026
Listed
$489,995
96%
MLS
11/12/2009
Sold
$250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1501 Tacoma Ave S #312
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,216
-2%
$387,100
—
2024
$4,311
7%
$387,100
—
2023
$4,022
-10%
$387,100
-1%
2022
$4,478
-9%
$390,400
—
2021
$4,906
16%
$390,400
-3%
2020
$4,245
7%
$402,500
45%
2018
$3,979
—
$277,100
10%
2018
$3,979
707%
$251,900
20%
2017
$493
-4%
$209,900
8%
2016
$515
-50%
$194,400
-8%
2014
$1,032
—
$211,300
—
2014
$1,032
—
$211,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1501 Tacoma Ave S #312
1501 Tacoma Avenue S #312, Tacoma, WA 98402 (MLS# 2531969) is a Condo property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 1501 Tacoma Avenue S #312 is currently listed for $489,995 and was received on May 29, 2026. Want to learn more about 1501 Tacoma Avenue S #312? Do you have questions about finding other Condo real estate for sale in New Tacoma? You can browse all New Tacoma real estate or contact a Coldwell Banker agent to request more information.
