NOT LISTED FOR SALE

5506 240th St SW Unit A1 Mountlake Terrace, WA 98043

Gateway Neighborhood

Estimated Value: $599,000 - $726,000

-- Bed
3 Baths
1,470 Sq Ft
$447/Sq Ft Est. Value

About This Home

This home is located at 5506 240th St SW Unit A1, Mountlake Terrace, WA 98043 and is currently estimated at $657,012, approximately $446 per square foot. 5506 240th St SW Unit A1 is a home located in Snohomish County with nearby schools including Mountlake Terrace Elementary School, Brier Terrace Middle School, and Mountlake Terrace High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2025
Sold by
Xu Yangfan
Bought by
Mountain West Llc
Current Estimated Value
$656,787

Purchase Details

Closed on
Nov 2, 2007
Sold by
Hagen Janet D
Bought by
Xu Yangfan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 2005
Sold by
Josito Perry F
Bought by
Hagen Janet D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.85%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 22, 2002
Sold by
Cnss Inc
Bought by
Josito Perry F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,360
Interest Rate
5.37%
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.

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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.

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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.

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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.

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Average Value
Not Available
List Price
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
Mountain West Llc $313 None Listed On Document
Xu Yangfan $315,000 First American Title Ins Co
Hagen Janet D $250,000 Old Republic Title Ltd
Josito Perry F $232,950 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Xu Yangfan $209,600
Previous Owner Xu Yangfan $252,000
Previous Owner Hagen Janet D $175,000
Previous Owner Josito Perry F $186,360
Closed Josito Perry F $46,590
Source: Public Records

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 $5,128 $610,000 $93,500 $516,500
2024 $5,128 $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

Map

Washington Snohomish County Mountlake Terrace 98043 Gateway

5506 240th St SW Unit A1, Mountlake Terrace, WA

This home is located at 5506 240th St SW Unit A1, Mountlake Terrace, WA 98043 and is currently estimated at $657,012, approximately $446 per square foot. 5506 240th St SW Unit A1 is a home located in Snohomish County with nearby schools including Mountlake Terrace Elementary School, Brier Terrace Middle School, and Mountlake Terrace High School.

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