Ex-WaMu exec puts house for sale for $6.2 million

By KOMO Staff and Associated Press

Summary

The former president and chief operating officer of failed Washington Mutual Inc. has put his Capitol Hill neighborhood house up for sale for $6.25 million. The 7,430-square-foot house has five bedrooms, four-and-a-half baths, a wine cellar, handmade tile fireplaces and a fountain in the yard.

Story Published: Oct 19, 2008 at 9:55 AM PST

Story Updated: Nov 21, 2008 at 3:09 AM PST

Ex-WaMu exec puts house for sale for $6.2 million

The Rotella home (Photo courtesy of Coldwell Banker)

SEATTLE - The former president and chief operating officer of failed Washington Mutual Inc. has put his Capitol Hill neighborhood house up for sale for $6.25 million.

King County records show Stephen Rotella and his wife, Esther, paid $3.78 million for the home in June 2005, a few months after Rotella arrived in Seattle.

The 7,430-square-foot house has five bedrooms, four-and-a-half baths, a wine cellar, handmade tile fireplaces and a fountain in the yard.

"Restored to its 1909 charm, this early modern exudes elegance and grandeur from every room," according to the real estate listing with Coldwell Banker Bain.

According to the real estate listing, monthly payments on the home would be $29,577 with a down payment of $1.25 million and a 30-year mortgage.

Rotella departed WaMu after it filed for Chapter 11 bankruptcy protection and was sold in a $1.9 billion sale to JPMorgan Chase & Co.


Viewer Poll

Facing a $2.6 billion deficit, some lawmakers want to roll back I-960 to make it easier to raise taxes. Should lawmakers:

  • Override I-960 and allow a simple majority to raise taxes
  • Keep I-960 and require a 2/3’s vote for tax increases