NOT LISTED FOR SALE

5506 240th St SW Unit A2 Mountlake Terrace, WA 98043

Gateway Neighborhood

Estimated Value: $549,000 - $686,000

-- Bed
3 Baths
1,470 Sq Ft
$434/Sq Ft Est. Value

About This Home

This home is located at 5506 240th St SW Unit A2, Mountlake Terrace, WA 98043 and is currently estimated at $637,523, approximately $433 per square foot. 5506 240th St SW Unit A2 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
Dec 7, 2020
Sold by
Chang Jason
Bought by
Gorti Tejaswi Venkata
Current Estimated Value
$637,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,760
Outstanding Balance
$353,103
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$310,259

Purchase Details

Closed on
Apr 18, 2007
Sold by
Russell Bruce G
Bought by
Chang Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,950
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2002
Sold by
Cnss Inc
Bought by
Russell Bruce G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,452
Interest Rate
6.69%
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
Gorti Tejaswi Venkata $487,200 Cw Title
Chang Jason $320,230 First American Title Ins Co
Russell Bruce G $229,950 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorti Tejaswi Venkata $389,760
Previous Owner Chang Jason $227,000
Previous Owner Chang Jason K $250,000
Previous Owner Chang Jason $255,950
Previous Owner Russell Bruce G $218,452
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 A2, Mountlake Terrace, WA

This home is located at 5506 240th St SW Unit A2, Mountlake Terrace, WA 98043 and is currently estimated at $637,523, approximately $433 per square foot. 5506 240th St SW Unit A2 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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