$560,000
SOLD MAR 12, 2021

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

Gateway Neighborhood
3 Beds
3 Baths
1,753 Sq Ft
0.9 Acres

Recently Sold

$319 Per Sq Ft

18% Above List Price

3 Days on Market

Highlights

  • Contemporary Architecture
  • Bamboo Flooring
  • Corner Lot
  • Territorial View
  • 1 Fireplace
  • Garage

About This Home

As of February 2022

Dwell Well Here! 3 BR townhome in the heart of MTLKT located w/i close proximity to Shops and Public Transportation. Lower level has an oversized 2-car garage, BR/Den, and tiled entry. Open concept on the main level boasting gleaming hardwood floors throughout Kitchen, L/R, Powder Room, and D/R. West-facing balcony allows for great light exposure and sun for your beloved plants! Kitchen has SS appliances, gas cooking, quartz countertops, shaker-style cabinetry, nice sized pantry, and fresh paint. Beautiful white wainscotting on the walls and a cozy gas fireplace in the corner of inviting L/R . Upper level features 2 Suites; 1 w/ensuite and WIC, the other with full bath. Laundry located upstairs also. Quiet, wooded residential street.

Last Agent to Sell the Property

Angela Kelley

Every Door Real Estate License #116871 Listed on: 02/10/2021

Every Door Real Estate

Last Buyer's Agent

Gunjan Nawani

Redfin License #130589

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1723452

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,127

Year Built

  • Built in 2002

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • 1 Fireplace
  • Blinds
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 00936700330100

Community Details

Overview

  • 4 Units
  • Mountlake Terrace Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,127

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Condominium
  • Style: 32 - Townhouse
  • Architecture: Contemporary
  • Entrance Level: Lower
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Covering: Bamboo/Cork, Vinyl, Wall To Wall Carpet
  • Remodeled: Y
  • Remodeled Updated: Y
  • Appliance Hookups: Cooking-Gas, Dryer-Gas, Ice Maker, Washer
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Lower Level Bedroom: 1
  • Bathrooms: 2.50
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Den or Office: Lower
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1753
  • Window Coverings: Blinds

Exterior Features

  • Exterior: Metal/Vinyl
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Individual Garage, Off Street

Utilities

  • Heating And Cooling: Forced Air
  • Water Heater: Garage-Gas

Condo/Co-op/Association

  • Numberof Units in Building: 4
  • Numberof Units In Complex: 17
  • HOA Fees: 415
  • Community Name: Mountlake Terrace
  • Cats And Dogs: No Restrictions
  • Manager Contact Information: yalnes (425) 424-3153
  • Association Contact: Caitlin (425) 424-3153
  • Common Property Features: Outside Entry
  • Home Owner Dues Included: Garbage, Water/Sewer, Road Maintenance, Common Area Maintenance, Lawn Service
  • Unit Features: Balcony/Deck/Patio, End Unit, Insulated Windows, Master Bath, Walk-In Closet

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: ED

Lot Info

  • Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
  • Parcel Number: 00936700330100

Tax Info

  • Tax Amount: 4045

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
$665,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,471
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

Similar Homes in the area

  • 20301 19th Ave NE Unit 1101, Shoreline, WA 98155

    $440,000

    • 2 Beds
    • 2 Baths
    • 1,279 Sq Ft
    • 20301 19th Ave NE
    • Unit 1101
    • Shoreline, WA

    The Best of Both Worlds! Experience the charm of a single-family home with the simplicity of condo life! This unique free-standing 2 bed, 2 bath condo offers 1,279 sq. ft. of well-planned living. Vaulted ceilings, tile entry, and a cozy wood-burning fireplace with crown molding offer a warm touch. The open-concept kitchen boasts a large island and stainless steel appliances, ideal for hosting.

    Vanno Vong Pellego, Inc.

    Section Image
  • 23311 Cedar Way Unit P201, Mountlake Terrace, WA 98043

    $525,000

    • 3 Beds
    • 2 Baths
    • 1,387 Sq Ft
    • 23311 Cedar Way
    • Unit P201
    • Mountlake Terrace, WA

    Show-stopper!! A picture-perfect condo that would make Pottery Barn jealous! Everything you could need or want in a condo. 3 bedrooms, 2 full baths, top-floor, vaulted ceilings, deck backing to greenery with storage. Generous parking with private garage, additional reserved space, & plenty of visitor spots. The interior is immaculate-hard flooring throughout, quartz counters, stainless

    Christian Lalario Coldwell Banker Bain

    Section Image
  • 23405 Lakeview Dr Unit H306, Mountlake Terrace, WA 98043

    $599,999

    • 2 Beds
    • 2 Baths
    • 1,422 Sq Ft
    • 23405 Lakeview Dr
    • Unit H306
    • Mountlake Terrace, WA

    Stunning Fully Updated Top-Floor End Unit with Territorial and Lake Views! This bright and airy space boasts an open floor plan, with abundant natural light pouring in through the extra windows unique to end units. Nestled off beautiful Lakeview Drive, across the street from Lake Ballinger Park. Only mintues from Mountlake Terrace's transit station and Light Rail for a commuters dream.

    Michael Rodolf eXp Realty

    Section Image
  • 23313 Cedar Way Unit N205, Mountlake Terrace, WA 98043

    $509,950

    • 3 Beds
    • 2 Baths
    • 1,322 Sq Ft
    • 23313 Cedar Way
    • Unit N205
    • Mountlake Terrace, WA

    Hidden GEM with so many amenities! Fab CORNER UNIT has 1,322 sq ft, 3 beds & 1.75 baths. VAULTED ceilings, spacious floor plan & its own garage! Enjoy cool nights with your WOOD FIREPLACE . Kitchen/ dining boasts 2 windows for added natural light. Feels like a treehouse! Separate laundry room. Elevated community includes a swimming pool, hot tub, bb court, playground, sauna, fitness center &

    Kevin Adcock RE/MAX Town Center

    Section Image

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 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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1723452

Northwest Multiple Listing Service (NWMLS)

APN: 009367-003-301-00