NOT LISTED FOR SALE

7002 78th Ave SE Mercer Island, WA 98040

Scalzo Scar Neighborhood

Estimated Value: $2,266,000 - $2,884,000

5 Beds
3 Baths
1,840 Sq Ft
$1,408/Sq Ft Est. Value

About This Home

This home is located at 7002 78th Ave SE, Mercer Island, WA 98040 and is currently estimated at $2,589,810, approximately $1,407 per square foot. 7002 78th Ave SE is a home located in King County with nearby schools including Lakeridge Elementary School, Islander Middle School, and Mercer Island High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2023
Sold by
Youn Chung Im
Bought by
7002 Revocable Living Trust
Current Estimated Value
$2,589,810

Purchase Details

Closed on
Apr 14, 2006
Sold by
Youn Henry
Bought by
Youn Chung Im

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2001
Sold by
Taylor Gilbert O and Taylor Mall Susan G
Bought by
Edwards Matthew M and Edwards Sarah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
7.09%

Purchase Details

Closed on
Feb 20, 1992
Sold by
Hawes Cori A
Bought by
Taylor Gilbert O and Taylor Susan G

Purchase Details

Closed on
Jan 28, 1992
Sold by
Hawes Kinne F
Bought by
Hawes Cori A

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
7002 Revocable Living Trust $2,063,000 None Listed On Document
Youn Chung Im -- Chicago Title
Youn Chung Im $900,000 Chicago Title
Edwards Matthew M $759,500 Chicago Title
Taylor Gilbert O $347,000 --
Hawes Cori A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Youn Henry H $1,840,000
Previous Owner Youn Chung Im $935,000
Previous Owner Youn Chung Im $720,000
Previous Owner Youn Chung Im $180,000
Previous Owner Edwards Matthew M $315,115
Previous Owner Edwards Matthew M $430,000
Source: Public Records

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 $12,865 $1,963,000 $1,369,000 $594,000
2023 $12,705 $1,844,000 $1,292,000 $552,000
2022 $11,365 $2,063,000 $1,454,000 $609,000
2021 $10,911 $1,542,000 $1,197,000 $345,000
2020 $10,965 $1,362,000 $1,140,000 $222,000
2018 $10,643 $1,358,000 $1,047,000 $311,000
2017 $8,992 $1,226,000 $947,000 $279,000
2016 $8,366 $1,104,000 $866,000 $238,000
2015 $8,063 $1,000,000 $784,000 $216,000
2014 -- $921,000 $725,000 $196,000
2013 -- $845,000 $594,000 $251,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Scalzo Scar

7002 78th Ave SE, Mercer Island, WA

Homes for Sale in Mercer Island, WA

This home is located at 7002 78th Ave SE, Mercer Island, WA 98040 and is currently estimated at $2,589,810, approximately $1,407 per square foot. 7002 78th Ave SE is a home located in King County with nearby schools including Lakeridge Elementary School, Islander Middle School, and Mercer Island High School.

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