NOT LISTED FOR SALE

7424 SE 71st St Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $3,579,000 - $4,496,000

5 Beds
1 Bath
6,020 Sq Ft
$704/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $2,682,000 $446 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $25,662/month

2 Days on Market

Highlights

  • Bay View
  • Fruit Trees
  • Traditional Architecture
  • Lakeridge Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of October 2017

A Timeless Classic in a cherished community. This warm & inviting home is classically styled with show stopping views at every turn. Water-skiers on the lake, sunsets on the horizon, enjoy it all. Wonderful living spaces & an ideal floor plan with 4 bedrooms and a guest room, game & rec area on the lower level. Plenty of parking for hosting summer & holiday gatherings. Minutes to the Beach Club, easy access to shopping & parks. Once in a lifetime an opportunity presents itself, this is the one.

Last Agent to Sell the Property

Tere Foster

COMPASS License #7690 Listed on: 08/29/2017

COMPASS

Last Buyer's Agent

Sam Chapin

Engel & Voelkers Mercer Island License #117668

Engel & Voelkers Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1185473

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,950

Year Built

  • Built in 1971

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Garden

Parking

  • Attached Garage

Property Views

  • Bay
  • Lake
  • Territorial

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 3 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • West Mercer Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 5368000200

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,950

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 18 - 2 Stories W/Bsmnt
  • Architecture: Traditional
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, French Doors, Sauna, Security System
  • Floor Covering: Ceramic Tile, Hardwood, Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Lower Level Bedroom: 1
  • Bathrooms: 3.25
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 3
  • Fireplaces Main: 2
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 6020
  • Square Footage Finished: 6020

Exterior Features

  • Exterior: Brick, Wood
  • Foundation: Poured Concrete
  • Roof: Cedar Shake
  • View: Bay, Lake, Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Baseboard, Central A/C, Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Mercer Island
  • Water Company: City of Mercer Island
  • Water Heater: LL Storage Room-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: West Mercer
  • Community Features: Ccrs

Schools

  • Elementary School: Lakeridge Elem
  • Middle School: Islander Mid
  • High School: Mercer Isl High
  • School District: MIS

Lot Info

  • Lot Details: Paved Street
  • Lot Sq Ft: 14733
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Level
  • Parcel Number: 5368000200
  • Lot Topography: Fruit Trees, Garden Space, Level

Tax Info

  • Tax Amount: 16321

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2013
Sold by
Sotelo Michael E
Bought by
Sotelo Lori D
Current Estimated Value
$4,235,997

Purchase Details

Closed on
Jun 13, 2007
Sold by
Rosenman Stephen and Rosenman Elizabeth
Bought by
Sotelo Michael E and Sotelo Lori D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,679,250
Outstanding Balance
$1,142,818
Interest Rate
7.72%
Mortgage Type
Negative Amortization
Estimated Equity
$3,536,629

Purchase Details

Closed on
Mar 5, 1998
Sold by
Lanza Gregg S and Lanza Shelley B
Bought by
Rosenman Stephen and Rosenman Elizabeth

Purchase Details

Closed on
Aug 2, 1995
Sold by
Beattle Virginia H
Bought by
Lanza Gregg S and Lanza Shelley B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,750
Interest Rate
7.61%
Source: Public Records

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Range of Values:

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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
Sotelo Lori D -- None Available
Sotelo Michael E $2,239,000 Chicago Title
Rosenman Stephen $959,000 Chicago Title Insurance Co
Lanza Gregg S $745,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sotelo Michael E $250,000
Open Sotelo Michael E $1,679,250
Previous Owner Lanza Gregg S $558,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2017 10/06/17 Sold $2,682,000 0.0% $446 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
08/29/2017 08/29/17 For Sale $2,682,000 -- $446 / 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 $23,950 $3,657,000 $1,944,000 $1,713,000
2023 $23,651 $3,435,000 $1,834,000 $1,601,000
2022 $20,614 $3,842,000 $2,064,000 $1,778,000
2021 $19,766 $2,799,000 $1,699,000 $1,100,000
2020 $19,916 $2,469,000 $1,619,000 $850,000
2018 $19,323 $2,468,000 $1,154,000 $1,314,000
2017 $16,321 $2,227,000 $1,044,000 $1,183,000
2016 $15,182 $2,005,000 $955,000 $1,050,000
2015 $14,628 $1,816,000 $865,000 $951,000
2014 -- $1,672,000 $800,000 $872,000
2013 -- $1,695,000 $963,000 $732,000
Source: Public Records

Agents Affiliated with this Home

  • Tere Foster

    Seller's Agent in 2017

    Tere Foster

    COMPASS

    (425) 637-8373

    2 in this area

    400 Total Sales

    Tere Foster
    Section Image
  • Sam Chapin

    Buyer's Agent in 2017

    Sam Chapin

    Engel & Voelkers Mercer Island

    (206) 948-9153

    1 in this area

    52 Total Sales

    Sam Chapin
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1185473

Northwest Multiple Listing Service (NWMLS)

APN: 536800-0200

Washington King County Mercer Island 98040 Island Point

7424 SE 71st St, Mercer Island, WA

This home is located at 7424 SE 71st St, Mercer Island, WA 98040 since 29 August 2017 and is currently estimated at $4,235,997, approximately $703 per square foot. This property was built in 1971. 7424 SE 71st St is a home located in King County with nearby schools including Lakeridge 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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