NOT LISTED FOR SALE

5032 212th St SW Unit A-D Mountlake Terrace, WA 98043

Cascade View Neighborhood

Estimated Value: $999,000 - $1,276,000

-- Bed
4 Baths
3,648 Sq Ft
$323/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $900,000 $247 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,771/month

82 Days on Market

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • Territorial View
  • Open Space
  • Wood Siding

About This Home

As of January 2021

Super Convenient Location, minutes to I-5 & 405, Shopping & everything!This 4-plex located at end of entire complex w/sprawling lawns & extra space! Exterior of all buildings in ‘The Village’ rebuilt last 10 years & continue well maintained by HOA. Ceiling Fans,Storage,Deck,Patio, Washer & Dryer! Each unit with 1 parking & 1 unassigned spot!HOD includes common ground insurance,garbage,property manager, landscape maintenance!One of the best investment opportunities! Please do not disturb Tenants.

Last Agent to Sell the Property

Robert Patera

HomeSmart Real Estate Assoc License #23048 Listed on: 07/12/2020

HomeSmart Real Estate Assoc

Co-Listed By

Katherine Patera

HomeSmart Real Estate Assoc License #2308

Last Buyer's Agent

Subba Gurram

The Preview Group License #118628

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1627956

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,585

Year Built

  • Built in 1969

Lot Details

  • 8,276 Sq Ft Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

HOA Fees

  • $470 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,648 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Mountlake Terrace El Elementary School
  • Brier Terrace Mid Middle School
  • Mountlake Terrace Hi High School

Utilities

  • Cable TV Available

Community Details

  • The Village Condos
  • Mountlake Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27042800110700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,585

Year Built

Built in 1969

Lot Details

0

HOA Fees

$470 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: The Village
  • New Construction: No
  • CalculatedSquareFootage: 3648
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 358

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Mountlake Terrace
  • WaterCompany: Public
  • WaterSewerGarbage: 2190

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 5640
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 27042800110700
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 5800

Multi Family

  • Gross Scheduled Income: 69600
  • Net Operating Income: 50576
  • Number Of Units Total: 4
  • Insurance Expense: 2609
  • Leasable Area: 3648
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8585

MLS Schools

  • Elementary School: Mountlake Terrace El

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2020
Closed on
Jan 4, 2021
Sold by
Au Kam
Bought by
Gurram Subba Rao and Nadella Sushma
Seller's Agent
Robert Patera
HomeSmart Real Estate Assoc
Buyer's Agent
Subba Gurram
The Preview Group
List Price
$1,080,000
Sold Price
$900,000
Premium/Discount to List
-$180,000
-16.67%
Total Days on Market
82
Current Estimated Value
$1,177,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,559
Avg. Annual Appreciation
8.27%
Original Mortgage
$668,000
Outstanding Balance
$607,014
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$671,715
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gurram Subba Rao $900,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gurram Subba Rao $668,000
Previous Owner Au Kam $350,000
Previous Owner Webb George $393,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $900,000 -9.1% $247 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
10/01/2020 10/01/20 Price Changed $989,950 -8.3% $271 / Sq Ft
09/30/2020 09/30/20 For Sale $1,080,000 0.0% $296 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
08/04/2020 08/04/20 Price Changed $1,080,000 -6.1% $296 / Sq Ft
07/12/2020 07/12/20 For Sale $1,150,000 -- $315 / 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 $8,665 $1,064,200 $426,600 $637,600
2024 $8,665 $1,078,500 $411,600 $666,900
2023 $7,079 $990,000 $398,300 $591,700
2022 $9,084 $1,045,000 $353,500 $691,500
2020 $8,585 $871,000 $354,700 $516,300
2019 $8,058 $822,000 $290,700 $531,300
2018 $8,051 $715,000 $190,000 $525,000
2017 $5,772 $540,000 $190,000 $350,000
2016 $3,816 $371,000 $170,300 $200,700
2015 $3,837 $350,000 $131,000 $219,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Patera

    Seller's Agent in 2021

    Robert Patera

    HomeSmart Real Estate Assoc

    (425) 374-9339

    1 in this area

    19 Total Sales

    Robert Patera
    Section Image
  • Katherine Patera

    Seller Co-Listing Agent in 2021

    Katherine Patera

    HomeSmart Real Estate Assoc

    (425) 334-1818

    1 in this area

    21 Total Sales

    Katherine Patera
    Section Image

  • S

    Buyer's Agent in 2021

    Subba Gurram

    The Preview Group

    (425) 623-4111

    1 in this area

    90 Total Sales

    Subba Gurram
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1627956

Northwest Multiple Listing Service (NWMLS)

APN: 270428-001-107-00

Washington Snohomish County Mountlake Terrace 98043 Cascade View

5032 212th St SW Unit A-D, Mountlake Terrace, WA

This home is located at 5032 212th St SW Unit A-D, Mountlake Terrace, WA 98043 since 12 July 2020 and is currently estimated at $1,177,559, approximately $322 per square foot. This property was built in 1969. 5032 212th St SW Unit A-D is a home located in Snohomish County with nearby schools including Mountlake Terrace Elementary School, Brier Terrace Middle School, and Mountlake Terrace 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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes