Listed by Coldwell Banker Bain, Bought with Creek and Ocean Real Estate
NOT LISTED FOR SALE

2501 71st Ave SE Mercer Island, WA 98040

East Seattle Neighborhood

Estimated Value: $2,894,000 - $3,591,000

3 Beds
3 Baths
3,600 Sq Ft
$872/Sq Ft Est. Value

Last Sold January 30, 2013

Last sale price $920,000 $256 Per Sq Ft

Est. 241% increase in value since last sale

Current estimated payment $18,348/month

141 Days on Market

About This Home

As of January 2013

Enjoy First Hill residence reborn in 2000. A floor plan for today's lifestyle. Formal areas w/Fireplace. Chef's island kitchen w/slab granite, stainless, Viking. Breafast nook. Main floor guest room. Full bath. Private den. Pvt. master suite with lavish bath & his/her closets. Cozy sitting area with view of city & sunsets. Lower level boasts bedroom, bath, family room with fireplace, 2nd kitchen and work shop.Great walk in wine cellar. Wonderful gardens. Sunny deck. Move in ready.

Last Agent to Sell the Property

Mary Yax

Coldwell Banker Bain License #28583 Listed on: 07/24/2012

Coldwell Banker Bain

Last Buyer's Agent

Daniel Wang

Creek and Ocean Real Estate License #26736

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM385420

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Est. Annual Taxes

$15,430

Year Built

1963

Lot Details

0

Listing Details

  • Condition: Remodeled
  • Special Features: None
  • Year Built: 1963

Interior Features

  • Basement: Daylight, Fully Finished
  • Features: 2nd Kitchen, Wine Cellar, Bath Off Master, Dining Room, Fireplace in Master Bedroom, French Doors, Jetted Tub, Security System, Skylights, Vaulted Ceilings, Walk-in Closet
  • Fireplaces: 3
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Water Heater Location: basement-gas

Exterior Features

  • Homebuilder: Remodoeled
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Lot Details: Paved Street
  • Roof: Composition
  • Site Features: Cable TV, Deck, Full Fence, Patio, Shop, Sprinkler System
  • View: City, Lake

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 3

Utilities

  • Appliances: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Heating and Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Connected
  • Sewer Company: Mercer Island
  • Water Company: Mercer Island
  • Water Source: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2012
Closed on
Jan 25, 2013
Sold by
Rice David R and Rice Mimi A
Bought by
Zhou Dawei
Seller's Agent
Mary Yax
Coldwell Banker Bain
Buyer's Agent
Daniel Wang
Creek and Ocean Real Estate
List Price
$920,000
Sold Price
$920,000
Current Estimated Value
$3,137,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,217,499
Avg. Annual Appreciation
10.23%
Original Mortgage
$644,000
Outstanding Balance
$450,105
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$2,687,394

Purchase Details

Closed on
Nov 15, 2000
Sold by
Mar Violet C
Bought by
Rice David R and Rice Mimi A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,400
Interest Rate
8.75%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Zhou Dawei $920,000 Chicago Title
Rice David R $483,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou Dawei $644,000
Previous Owner Rice David R $471,000
Previous Owner Rice David R $210,000
Previous Owner Rice David R $467,500
Previous Owner Rice David R $386,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2013 01/30/13 Sold $920,000 0.0% $256 / Sq Ft
12/12/2012 12/12/12 Pending -- -- --
07/24/2012 07/24/12 For Sale $920,000 -- $256 / 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 $15,430 $2,355,000 $1,140,000 $1,215,000
2023 $15,237 $2,212,000 $1,076,000 $1,136,000
2022 $13,624 $2,474,000 $1,211,000 $1,263,000
2021 $13,079 $1,849,000 $997,000 $852,000
2020 $14,857 $1,633,000 $950,000 $683,000
2018 $14,415 $1,841,000 $794,000 $1,047,000
2017 $10,546 $1,661,000 $718,000 $943,000
2016 $9,811 $1,295,000 $657,000 $638,000
2015 $9,453 $1,173,000 $595,000 $578,000
2014 -- $1,080,000 $550,000 $530,000
2013 -- $749,000 $538,000 $211,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mary Yax

    Coldwell Banker Bain

    (206) 232-4600

    3 Total Sales

    Mary Yax
    Section Image

  • D

    Buyer's Agent in 2013

    Daniel Wang

    Creek and Ocean Real Estate

    (206) 659-5161

    Daniel Wang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM385420

Northwest Multiple Listing Service (NWMLS)

APN: 217450-3781

Washington King County Mercer Island 98040 East Seattle

2501 71st Ave SE, Mercer Island, WA

This home is located at 2501 71st Ave SE, Mercer Island, WA 98040 since 24 July 2012 and is currently estimated at $3,137,499, approximately $871 per square foot. This property was built in 1963. 2501 71st Ave SE is a home located in King County with nearby schools including West Mercer Elementary School, Islander Middle School, and Mercer Island High School.

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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