Listed by Redfin
$610,000
$15K PRICE DROP

5502 240th St SW Unit C304 Mountlake Terrace, WA 98043

Gateway Neighborhood

Estimated payment $4,201/month

Total Views 18,656
3 Beds
2.5 Baths
1,755 Sq Ft
$348 Price per Sq Ft

Highlights

  • Property is near public transit
  • End Unit
  • Double Oven
  • Bamboo Flooring
  • Community Garden
  • Balcony

About This Home

3 bd, 2.5 bath corner unit Townhome in the heart of Mountlake Terrace. Lower level has an oversized 2-car garage, BR/Den, & tiled entry. Open concept main level w/ bamboo floors in Kitchen and Dining rooms, carpeted living room & stairs, LVP in the powder room. West-facing balcony allows for great light exposure & sun for your beloved plants! Living room includes a cozy gas fireplace, & picture window that looks out on trees & bird feeders. Upper level has LVP throughout, & features 2 large bedrooms, each w/ an ensuite bathroom. Main bedroom includes a large walk-in closet. Laundry is also located upstairs. Quiet, wooded residential street, w/ excellent bird watching opportunities from living room. Easy access to I-5 & light rail station.

Listing Agent

Tin Nguyen

Redfin License #26205 Listed on: 09/10/2025

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2431813

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,938

Year Built

  • Built in 2002

HOA Fees

  • $580 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 1,755 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Insulated Windows

Kitchen

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

Flooring

  • Bamboo
  • Carpet
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Electric Dryer
  • Washer

Home Security

Location

  • Property is near public transit
  • Property is near a bus stop

Additional Features

  • Balcony
  • End Unit
  • Forced Air Heating System

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, lawn service, sewer, trash, water
  • 18 Units
  • 56Th Ave Square Condos
  • Mountlake Terrace Subdivision

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Community Garden
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,938

Year Built

Built in 2002

Lot Details

0

HOA Fees

$580 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 32 - Townhouse
  • Year Built: 2002
  • Inclusions: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: Townhouse
  • Building Name: 56th Ave Square
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1755
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Primary Bath,Walk-in Closet
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing_results/NWMLS/2431813, https://www.workforce-resource.com/dpr/listing/NWMLS/2431813?w=Consumer&agent=93490
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Disposal, Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Bamboo/Cork, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Cooking-Gas, Dryer-Electric, End Unit, Fireplace, Insulated Windows, Primary Bathroom, Walk-In Closet(s), Washer
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 3
  • BathsFullMain: 0
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesUpper: 1

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl, Wood
  • Exterior Features: Metal/Vinyl, Wood Products
  • Structure Type: Townhouse
  • BusLineNearby: true

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Individual Garage, Off Street

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Gas,Dryer-Electric,Washer
  • PowerCompany: Snohomish PUD
  • SewerCompany: Mountlake Terrace
  • WaterCompany: Mountlake Terrace
  • WaterHeaterLocation: Garage

Condo/Co-op/Association

  • Community Features: Fire Sprinklers, Garden Space
  • Senior Community: No
  • Association Fee: 580
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subject to Restrictions
  • CoOp: false
  • CommonPropertyFeatures: Fire Sprinklers,Garden Space

Fee Information

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

Schools

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

Lot Info

  • Parcel Number: 00936700330400
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist - Buyer to Verify

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4938

Multi Family

  • Number Of Units In Community: 18
  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,435 $350,000 $109,000 $241,000
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

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 Price Changed $610,000 -1.6% $348 / Sq Ft
10/02/2025 10/02/25 Price Changed $620,000 -0.8% $353 / Sq Ft
09/10/2025 09/10/25 For Sale $625,000 -- $356 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2431813

Northwest Multiple Listing Service (NWMLS)

APN: 009367-003-304-00