Listed by Lake & Company, Bought with Lake & Company
NOT LISTED FOR SALE

22906 40th Place W Mountlake Terrace, WA 98043

Estimated Value: $796,000 - $993,000

4 Beds
2 Baths
2,332 Sq Ft
$397/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $505,000 $217 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $5,552/month

5 Days on Market

Highlights

  • Wood Flooring
  • Cul-De-Sac
  • Property is Fully Fenced
  • 2 Fireplaces
  • Attached Garage
  • Level Lot

About This Home

As of February 2019

Estate sale. Great cosmetic fixer on quiet cul-de-sac of lovely well-maintained homes, easy to add value to this solid mid-70s house on large lot with classic floor plan: master BR suite, 3BRs up, 1 down for guests; light-filled with kitchen overlooking huge back yard, dining room opens to party-sized deck, daylight basement walks out to yard. Close to shopping, bus, Park & Ride, parks & playgrounds!

Last Agent to Sell the Property

Mack McCoy

Lake & Company License #17986 Listed on: 01/19/2019

Lake & Company

Co-Listed By

Cynthia Creasey

Lake & Company

Last Buyer's Agent

Christine Palmer

Lake & Company License #109618

Lake & Company

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1402462

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,092

Year Built

  • Built in 1976

Lot Details

  • Cul-De-Sac
  • Property is Fully Fenced
  • Level Lot
  • Property is zoned RS 7200

Parking

  • Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Utilities

  • Cable TV Available

Community Details

  • Mountlake Terrace Community

Listing and Financial Details

  • Assessor Parcel Number 00647900007000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,092

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 14 - Split Entry
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Lower Level Bedroom: 1
  • Bathrooms: 2.50
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Dining Room: Upper
  • Kitchen: Upper
  • Living Room: Upper
  • Recreation Room: Lower
  • Estimated Sq Ft: 2332
  • Square Footage Finished: 2332

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Snohomish County PUD No.1
  • Sewer: Available, Sewer Connected
  • Sewer Company: City of Mountlake Terrace
  • Water Company: City of Mountlake Terrace
  • Water Heater: Basement-Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Mountlake Terrace
  • Project: Cedar Ridge

Schools

  • Elementary School: Cedar Way Elem
  • Middle School: Brier Terrace Mid
  • High School: Mountlake Terrace Hi
  • School District: ED

Lot Info

  • Lot Number: 70
  • Lot Details: Cul-De-Sac, Curbs, Paved Street, Sidewalk
  • Lot Dimensions: 85’ x 126’ x 59’ x 132’
  • Lot Sq Ft: 9148
  • Lot Topography Vegetation: Level
  • Parcel Number: 00647900007000
  • Zoning Code: RS 7200
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Tax Info

  • Tax Amount: 4807

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2019
Closed on
Feb 19, 2019
Sold by
Burns Charles B and Brian E Burns Living Trust
Bought by
Tadesse Tameru G and Gebreselase Senkensh G
Seller's Agent
Mack McCoy
Lake & Company
Buyer's Agent
Christine Palmer
Lake & Company
List Price
$425,000
Sold Price
$505,000
Premium/Discount to List
$80,000
18.82%
Current Estimated Value
$925,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,753
Avg. Annual Appreciation
8.88%
Original Mortgage
$404,000
Outstanding Balance
$358,749
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$518,256

Purchase Details

Closed on
May 27, 2014
Sold by
Burns Brian E
Bought by
Burns Brian E

Purchase Details

Closed on
Aug 25, 2003
Sold by
Morrison Herbert A and Morrison Helen Z
Bought by
Burns Brian E and Burns Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Tadesse Tameru G $505,000 Rainier Title
Burns Brian E -- None Available
Burns Brian E $265,000 Chicago
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tadesse Tameru G $404,000
Previous Owner Burns Brian E $57,000
Previous Owner Burns Brian E $285,000
Previous Owner Burns Brian E $57,800
Previous Owner Burns Brian E $57,500
Previous Owner Burns Brian E $210,000
Previous Owner Burns Brian E $26,800
Previous Owner Burns Brian E $212,000
Closed Burns Brian E $39,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2019 02/26/19 Sold $505,000 +18.8% $217 / Sq Ft
01/24/2019 01/24/19 Pending -- -- --
01/19/2019 01/19/19 For Sale $425,000 -- $182 / 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
2025 $6,092 $749,700 $520,000 $229,700
2024 $6,092 $755,700 $526,000 $229,700
2023 $5,585 $780,700 $536,000 $244,700
2022 $5,034 $578,700 $368,000 $210,700
2020 $5,135 $520,700 $338,000 $182,700
2019 $4,683 $477,400 $299,000 $178,400
2018 $4,807 $426,700 $267,000 $159,700
2017 $3,858 $360,800 $215,000 $145,800
2016 $3,382 $328,800 $189,000 $139,800
2015 $3,378 $308,000 $171,000 $137,000
2013 $3,120 $270,100 $134,000 $136,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1402462

Northwest Multiple Listing Service (NWMLS)

APN: 006479-000-070-00