NOT LISTED FOR SALE

7465 81st Place SE Mercer Island, WA 98040

Island Point Neighborhood

Estimated Value: $2,551,000 - $3,342,000

4 Beds
4 Baths
2,800 Sq Ft
$1,038/Sq Ft Est. Value

About This Home

This home is located at 7465 81st Place SE, Mercer Island, WA 98040 and is currently estimated at $2,906,077, approximately $1,037 per square foot. 7465 81st Place 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 30, 2019
Sold by
Zhao Qiang and Lin Shumei
Bought by
Zhao Qiang and Zhao Family Trust
Current Estimated Value
$2,906,077

Purchase Details

Closed on
Jan 21, 2009
Sold by
Smith Katherine Elliott
Bought by
Zhao Qiang and Lin Shumei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2003
Sold by
Omalley Herbert F and Omalley Patricia B
Bought by
Smith Michael E and Smith Katherine Elliott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 1995
Sold by
Orehek John M and Orehek Paula A C
Bought by
Omalley Herber F and Omalley Patricia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
5.75%

Purchase Details

Closed on
May 8, 1992
Sold by
Potashnick Jane E and Potashnick Barry
Bought by
Orehek John M and Orehek Paula A
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Zhao Qiang -- None Available
Zhao Qiang $995,000 Rainier Title
Smith Michael E $855,000 Lawyers Title
Omalley Herber F $523,000 Transamerica Title Ins Co
Orehek John M $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Qiang $370,000
Closed Zhao Qiang $405,000
Closed Zhao Qiang $410,000
Closed Zhao Qiang $417,000
Closed Zhao Qiang $600,000
Previous Owner Smith Michael E $684,000
Previous Owner Omalley Herber F $413,000
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 $15,816 $2,414,000 $1,410,000 $1,004,000
2023 $15,562 $2,267,000 $1,331,000 $936,000
2022 $13,970 $2,536,000 $1,498,000 $1,038,000
2021 $13,407 $1,896,000 $1,233,000 $663,000
2020 $13,436 $1,674,000 $1,175,000 $499,000
2018 $11,883 $1,664,000 $917,000 $747,000
2017 $10,375 $1,369,000 $830,000 $539,000
2016 $9,652 $1,274,000 $759,000 $515,000
2015 $9,305 $1,154,000 $687,000 $467,000
2014 -- $1,063,000 $635,000 $428,000
2013 -- $980,000 $594,000 $386,000
Source: Public Records

Map

Washington King County Mercer Island 98040 Island Point

7465 81st Place SE, Mercer Island, WA

This home is located at 7465 81st Place SE, Mercer Island, WA 98040 and is currently estimated at $2,906,077, approximately $1,037 per square foot. 7465 81st Place SE 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.

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