Listed by Redfin, Bought with John L. Scott, Inc.
$693,500
SOLD FEB 11, 2022

5502 240th St SW Unit C-301 Mountlake Terrace, WA 98043

Gateway Neighborhood
3 Beds
2.5 Baths
1,753 Sq Ft
$415/mo HOA Fee

Recently Sold

$396 Per Sq Ft

16% Above List Price

6 Days on Market

Highlights

  • Contemporary Architecture
  • Bamboo Flooring
  • End Unit
  • Property is near public transit
  • 1 Fireplace
  • Corner Lot

About This Home

As of February 2022

This meticulous, spacious & well-lit 3bed, 2.5bath townhome in a quiet community will check most of your boxes! The main floor boasts gleaming hardwood floors, quartz countertops, a breakfast nook & an elegant living area with space for formal dining. The top floor has 2 good-sized owners' suites & laundry. Thoughtful upgrades include energy-efficient blinds in the BRs, an updated closet system, WiFi capable washer/dryer, LED lights. Other general upgrades include fresh paint, Ring bell, Smart thermostat & more (list of items uploaded). With the home being wired for gigabit fiber internet service, working from home is easy in the third BR downstairs. Close to shops, restaurants, transit center & upcoming light rail. Pre inspected.

Last Agent to Sell the Property

Gunjan Nawani

Redfin License #130589 Listed on: 01/19/2022

Redfin

Last Buyer's Agent

Robin Root James

John L. Scott, Inc. License #9254

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1879418

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,551

Year Built

  • Built in 2002

Lot Details

  • End Unit
  • West Facing Home
  • Sprinkler System

HOA Fees

  • $415 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,753 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Insulated Windows
  • Blinds

Kitchen

  • Gas Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Wall to Wall Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Gas Dryer
  • Washer

Home Security

Parking

  • Garage
  • Uncovered Parking

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Utilities

  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 00936700330100

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, road maintenance, sewer, water
  • 19 Units
  • 56Th Ave Square Condos
  • Mountlake Terrace Subdivision
  • Park Phone (425) 424-3153 | Manager Yalnes
  • Property is near a preserve or public land

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,551

Year Built

Built in 2002

Lot Details

0

HOA Fees

$415 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 32 - Townhouse
  • Year Built: 2002
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: 56th Ave Square
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1753
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Primary Bath,Sprinkler System,Walk-in Closet
  • Special Features: VirtualTour
  • Cumulative Days on Market: 1,269

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Lower
  • Fireplace: Yes
  • Flooring: Bamboo/Cork, Hardwood, Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Bamboo/Cork, Hardwood, Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Gas, Dryer-Gas, Washer, Water Heater
  • Stories: 3
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • WindowCoverings: Blinds

Exterior Features

  • Roof: Composition
  • Lot Features: Adjacent to Public Land, Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Direction Faces: West
  • Exterior Features: Metal/Vinyl
  • Structure Type: Townhouse
  • BusLineNearby: true
  • BusRouteNumber: 111, 112, 347

Garage/Parking

  • Carport Y N: No
  • Garage Yn: Yes
  • Parking Features: Individual Garage, Uncovered

Utilities

  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Utilities: Electricity Available, Natural Gas Connected, Common Area Maintenance, Garbage, Road Maintenance, See Remarks
  • HeatingCoolingType: Forced Air
  • ApplianceHookups: Cooking-Gas,Dryer-Gas,Washer
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Community Features: Fire Sprinklers, High Speed Int Avail
  • Park Manager Name: Yalnes
  • Park Manager Phone: 425-424-3153
  • Senior Community: No
  • Association Fee: 415
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subj to Restrictions
  • CoOp: false
  • CommonPropertyFeatures: Fire Sprinklers,High Speed Int Avail

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Road Maintenance, See Remarks, Sewer, Water

Schools

  • Junior High Dist: Edmonds
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00936700330100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist - Buyer to Verify
  • MLSSquareFootageSource: Realist - Buyer to Verify

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • RentalCap: At or above Rental Cap (See Remarks)
  • ShortTermRentalYN: false

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3551

Multi Family

  • Number Of Units In Community: 19
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 2, 2022
Sold by
Erik Fallesen Mikael Bengt and Erik Marina
Bought by
Elliott Joshua Blenkush and Elliott Hannah Blenkush
Seller's Agent
Gunjan Nawani
Redfin
Buyer's Agent
Robin Root James
John L. Scott, Inc.
List Price
$599,990
Sold Price
$693,500
Premium/Discount to List
$93,510
15.59%
Current Estimated Value
$665,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,673
Avg. Annual Appreciation
0.02%
Original Mortgage
$641,487
Outstanding Balance
$601,365
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$92,640

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 9, 2021
Sold by
Miller James C and Miller Diane M
Bought by
Fallesen Mikael Bengt Erik and Berti Marina
Seller's Agent
Angela Kelley
Every Door Real Estate
Buyer's Agent
Gunjan Nawani
Redfin
List Price
$474,950
Sold Price
$560,000
Premium/Discount to List
$85,050
17.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.16%
Original Mortgage
$543,200
Interest Rate
2.7%
Mortgage Type
New Conventional
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 $693,500 First American Title
Warranty Deed $560,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $641,487 New Conventional
Previous Owner $543,200 New Conventional
Previous Owner $192,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $693,500 +15.6% $396 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $599,990 +7.1% $342 / Sq Ft
03/12/2021 03/12/21 Sold $560,000 +17.9% $319 / Sq Ft
02/13/2021 02/13/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $474,950 -- $271 / 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 $5,127 $610,000 $93,500 $516,500
2024 $5,127 $635,500 $88,000 $547,500
2023 $3,855 $538,500 $76,500 $462,000
2022 $3,873 $445,000 $65,000 $380,000
2020 $4,045 $410,000 $109,000 $301,000
2019 $3,925 $400,000 $109,000 $291,000
2018 $3,235 $287,000 $40,500 $246,500
2017 $3,049 $285,000 $40,500 $244,500
2016 $2,727 $265,000 $37,500 $227,500
2015 $1,921 $175,000 $33,500 $141,500
2013 $1,799 $155,500 $33,500 $122,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1879418

Northwest Multiple Listing Service (NWMLS)

APN: 009367-003-301-00