Listed by KW Greater Seattle
$549,000
SOLD MAY 22, 2025

23307 Cedar Way Unit R201 Mountlake Terrace, WA 98043

4 Beds
2 Baths
1,387 Sq Ft
$666/mo HOA Fee

Recently Sold

$396 Per Sq Ft

59 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • End Unit
  • Unit is on the top floor
  • Sauna
  • Community Pool

About This Home

As of May 2025

This is rare to find FOUR bedrooms, 2 full bath 1387 sf top floor corner unit has been well cared for! Tucked away at the back of the complex, it's a bit quieter & offers more privacy. Two parking spaces- 1 uncovered, 1 not. 2 storage spaces- one on balcony, one out front. Primary bedroom has spacious walk-in closet & full bath, newer water heater! Amenities includes club house, pool, hot tub, exercise room, playground and trails. Close to parks, schools and new light rail station. Rental cap maxed. Max of 2 small animals- dogs/cats Close to I-5, I-405, close to all amenities. A must see!

Last Agent to Sell the Property

Quinnie Phan

KW Greater Seattle License #133713 Listed on: 02/24/2025

KW Greater Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2333789

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 1990

Lot Details

  • End Unit
  • Street terminates at a dead end
  • East Facing Home

HOA Fees

  • $666 Monthly HOA Fees

Home Design

  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,387 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace

Kitchen

  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport
  • Uncovered Parking

Schools

  • Cedar Way Elementary School
  • Brier Terrace Mid Middle School
  • Mountlake Terrace Hi High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Balcony
  • Unit is on the top floor

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, lawn service, security, sewer, snow removal, trash, water
  • 157 Units
  • Markland Woods Condominiums Association
  • Secondary HOA Phone (425) 339-1160
  • Markland Woods Condos
  • Sw Mountlake Terrace Subdivision
  • Park Phone (425) 339-1160 | Manager Tom Gish Jr

Amenities

  • Community Garden
  • Sauna
  • Clubhouse
  • Game Room
  • Recreation Room

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,995

Year Built

Built in 1990

Lot Details

0

HOA Fees

$666 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1990
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Markland Woods
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1387
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Primary Bath,Top Floor,Walk-in Closet
  • SOCComments: Thank you for showing!
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2333789?w=Consumer&agent=118384
  • Special Features: VirtualTour
  • Cumulative Days on Market: 108

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Cooking-Electric, Dryer-Electric, Fireplace, Washer, Water Heater
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Stories: 2
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 2
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 2

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Direction Faces: East
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: Yes
  • Parking Features: Carport, Uncovered
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 270-272

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Security Service
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • PowerCompany: Snohomish PUD
  • SewerCompany: HOA
  • WaterCompany: HOA
  • WaterHeaterLocation: Laundry Room
  • WaterHeaterType: Electric
  • InternetConnected: Ziply

Condo/Co-op/Association

  • Community Features: Cable TV, Club House, Exercise Room, Game/Rec Rm, Garden Space, High Speed Internet, Hot Tub, Playground, Pool, Sauna, See Remarks, Trail(s)
  • Park Manager Name: Tom Gish Jr
  • Park Manager Phone: 425-339-1160
  • Senior Community: No
  • Association Fee: 666
  • Association Fee Frequency: Monthly
  • Phone: 425-339-1160
  • Association: Yes
  • Pets Allowed: Subject to Restrictions
  • AssociationContactName: Markland Woods Condominiums
  • CommonPropertyFeatures: Cable TV,Clubhouse,Exercise Room,Game/Rec Rm,Garden Space,High Speed Int Avail,Hot Tub,Playground,Pool-Outdoor,Sauna,See Remarks,Trails

Fee Information

  • Association Fee Includes: Common Area Maintenance, Lawn Service, Security, Sewer, Snow Removal, Trash, Water

Schools

  • Junior High Dist: Edmonds
  • High School: Mountlake Terrace Hi
  • Middle Or Junior School: Brier Terrace Mid

Lot Info

  • Parcel Number: 00783501820101
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • RentalCap: At or above Rental Cap (See Remarks)

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3995

Multi Family

  • Number Of Units In Community: 157
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4

MLS Schools

  • Elementary School: Cedar Way Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2025
Closed on
May 20, 2025
Sold by
Adams Joseph Dale Frank and Ho Anh Nguyen
Bought by
Carlson Rhonda
Seller's Agent
Quinnie Phan
KW Greater Seattle
List Price
$549,000
Sold Price
$549,000
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.46%

Purchase Details

Listed on
Apr 14, 2022
Closed on
May 9, 2022
Sold by
Royston Elizabeth P
Bought by
Adams Joseph Dale Frank and Ho Anh Nguyen
Seller's Agent
Christine Fennell
Flux Real Estate
Buyer's Agent
Helen Martin
eXp Realty
List Price
$529,950
Sold Price
$550,200
Premium/Discount to List
$20,250
3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.07%
Original Mortgage
$522,500
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2004
Sold by
Housing Authority Of Snohomish County
Bought by
Royston Elizabeth P and Royston Cathryn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,150
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $549,000 Equity Title
Warranty Deed -- None Listed On Document
Warranty Deed -- Stewart
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $522,500 New Conventional
Previous Owner $288,500 New Conventional
Previous Owner $243,750 New Conventional
Previous Owner $195,000 New Conventional
Previous Owner $170,400 New Conventional
Previous Owner $190,000 New Conventional
Previous Owner $194,150 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $549,000 0.0% $396 / Sq Ft
04/24/2025 04/24/25 Pending -- -- --
04/19/2025 04/19/25 For Sale $549,000 0.0% $396 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
02/24/2025 02/24/25 For Sale $549,000 -0.2% $396 / Sq Ft
05/12/2022 05/12/22 Sold $550,200 +3.8% $397 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $529,950 -- $382 / 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 $3,995 $489,500 $174,500 $315,000
2024 $3,995 $494,500 $164,500 $330,000
2023 $3,004 $419,000 $143,000 $276,000
2022 $3,092 $355,000 $121,000 $234,000
2020 $3,405 $345,000 $87,500 $257,500
2019 $3,141 $320,000 $87,500 $232,500
2018 $2,706 $240,000 $43,000 $197,000
2017 $2,515 $235,000 $43,000 $192,000
2016 $1,905 $185,000 $39,500 $145,500
2015 $1,489 $135,500 $35,500 $100,000
2013 $1,418 $122,500 $35,500 $87,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2333789

Northwest Multiple Listing Service (NWMLS)

APN: 007835-018-201-01