Seller's Agent in 2017
Tere Foster
COMPASS
(425) 637-8373
2 in this area
394 Total Sales
7424 SE 71st St Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $4,259,000 - $4,732,000
5
Beds
1
Bath
6,020
Sq Ft
$741/Sq Ft
Est. Value
Highlights
- Bay View
- Fruit Trees
- Traditional Architecture
- Lakeridge Elementary School Rated A
- Deck
- Wood Flooring
About This Home
As of October 2017A 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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM1185473
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
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
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
$1,109,680
Interest Rate
7.72%
Mortgage Type
Negative Amortization
Estimated Equity
$3,352,841
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%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $1,679,250 | |
| Previous Owner | Lanza Gregg S | $558,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Sam Chapin
Buyer's Agent in 2017
Sam Chapin
Engel & Voelkers Mercer Island
(206) 948-9153
1 in this area
53 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1185473
APN: 536800-0200
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Based on information submitted to the MLS GRID
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