Listed by Windermere Real Estate/East, Bought with Realty One Group Enterprise
NOT LISTED FOR SALE

5504 240th St SW Unit B206 Mountlake Terrace, WA 98043

Gateway Neighborhood

Estimated Value: $615,000 - $730,000

3 Beds
2.5 Baths
1,907 Sq Ft
$465/mo HOA Fee

Last Sold March 10, 2023

Last sale price $630,000 $330 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,500/month

1 Day on Market

Highlights

  • Contemporary Architecture
  • Territorial View
  • Corner Lot
  • Property is near public transit
  • End Unit
  • Balcony

About This Home

As of March 2023

This beautiful end unit townhome-style condo offers more privacy than most and a spacious open floor plan. Move right in and enjoy all new interior paint and low-maintenance flooring! Kitchen features: quartz countertops, gas stove (optional electric outlet), pantry, and breakfast bar. The Great Room easily accommodates holiday gatherings. Upstairs Primary BR has ensuite 5-point bath and big walk-n-closet. Guest BR also has adjoining bath. 1st floor 3rd BR/Den. Wired for hi-speed internet = WFH options. Parking in this 2 car garage is a straight shot; Guest Parking is a few feet away & good street parking. Easy access to I-5, arterials, shopping, restaurants, pub, movie theatre, PnR, and .5 mile to Light Rail Station (opening in 2024)!

Last Agent to Sell the Property

Grace Currier

Windermere Real Estate/East License #32412 Listed on: 01/27/2023

Windermere Real Estate/East

Last Buyer's Agent

Janine Bolivar

Realty One Group Enterprise License #49233

Realty One Group Enterprise

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2030938

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,873

Year Built

  • Built in 2002

Lot Details

  • End Unit
  • North Facing Home
  • Sprinkler System

HOA Fees

  • $465 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,907 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Insulated Windows
  • Blinds
  • Territorial Views

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Washer
  • Gas Dryer

Home Security

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Utilities

  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 00936700220600

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, sewer, water
  • 19 Units
  • Alex Mofidi Association
  • Secondary HOA Phone (206) 866-4562
  • 56Th Avenue Square Condos
  • Mountlake Terrace Subdivision
  • Park Manager: Yalnes, Inc.

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,873

Year Built

Built in 2002

Lot Details

0

HOA Fees

$465 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 34 - Condo (3 Levels)
  • Year Built: 2002
  • Inclusions: Dishwasher,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: 56th Avenue Square
  • Unit Levels: Three Or More
  • New Construction: No
  • CalculatedSquareFootage: 1907
  • 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: 890

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Lower
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet, Balcony/Deck/Patio, Cooking-Electric, Cooking-Gas, Dryer-Electric, Dryer-Gas, 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,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer
  • WindowCoverings: Blinds

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: North
  • Exterior Features: Metal/Vinyl
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Individual Garage
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • ApplianceHookups: Cooking-Electric,Cooking-Gas,Dryer-Electric,Dryer-Gas
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Fire Sprinklers, High Speed Int Avail
  • Park Manager Name: Yalnes, Inc.
  • Senior Community: No
  • Association Fee: 465
  • Association Fee Frequency: Monthly
  • Phone: 206-866-4562
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subj to Restrictions
  • Common Interest: Condominium
  • AssociationContactName: Alex Mofidi
  • CoOp: false
  • CommonPropertyFeatures: Fire Sprinklers,High Speed Int Avail

Fee Information

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

Schools

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

Lot Info

  • Parcel Number: 00936700220600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: REALIST

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: 2022
  • Tax Annual Amount: 3873

Multi Family

  • Number Of Units In Community: 19
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 6

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Mar 9, 2023
Sold by
Homes Living Trust
Bought by
Gimenez Guillermo and Amighi Caroline
Seller's Agent
Grace Currier
Windermere Real Estate/East
Buyer's Agent
Janine Bolivar
Realty One Group Enterprise
List Price
$625,000
Sold Price
$630,000
Premium/Discount to List
$5,000
0.8%
Views
9
Current Estimated Value
$659,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,413
Avg. Annual Appreciation
1.17%
Original Mortgage
$504,000
Outstanding Balance
$490,985
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$157,096

Purchase Details

Closed on
Jul 31, 2013
Sold by
Holmes Wayne L and Holmes Naomi R
Bought by
Holmes Wayne L and Holmes Naomi R
Source: Public Records

Range of Values:

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Sold Price
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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
Gimenez Guillermo -- Cw Title
Holmes Wayne L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gimenez Guillermo $504,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $630,000 +0.8% $330 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $625,000 -- $328 / 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 $5,300 $630,500 $93,500 $537,000
2024 $5,300 $657,000 $88,000 $569,000
2023 $3,855 $538,500 $76,500 $462,000
2022 $3,873 $445,000 $65,000 $380,000
2020 $4,144 $420,000 $109,000 $311,000
2019 $3,533 $360,000 $109,000 $251,000
2018 $3,269 $290,000 $40,500 $249,500
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: 2030938

Northwest Multiple Listing Service (NWMLS)

APN: 009367-002-206-00