Seller's Agent in 2017
Tere Foster
COMPASS
(425) 637-8373
2 in this area
400 Total Sales
7424 SE 71st St Mercer Island, WA 98040
Island Point NeighborhoodEstimated Value: $3,405,000 - $4,642,000
5
Beds
1
Bath
6,020
Sq Ft
$700/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
Total Days on Market
2
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
$1,142,818
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%
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 | $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
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
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Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM1185473
APN: 536800-0200
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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. ©2025 NWMLS.
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