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$799,000

Listing Price

4beds

1baths

1,100sqft

7,841sqft lot

5507 240th Street Sw, Mountlake Terrace, WA 98043

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

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For Sale

Off Market

Single Family

Home type

--

Price / sqft

1950

Year built

Home Details

Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC/D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb tenant or walk the property without prior permission.

Interior Details

Square Feet
  • 1100

Bedrooms
  • 4

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Baseboard

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    None

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Electric

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    Carpet

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 7841

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    2

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • Concrete Block

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Metal

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$2,962

$352,500

$50,400

--%

$402,900

2020

$2,962

$274,400

$25,600

--%

$300,000

2019

$2,416

$221,200

$24,800

--%

$246,000

2018

$2,534

$201,000

$23,700

--%

$224,700

2017

$2,236

$188,900

$20,000

--%

$208,900

2015

$2,100

$138,400

$53,000

--%

$191,400

2014

$2,121

$138,400

$53,000

--%

$191,400

2012

$2,196

$120,200

$55,900

--%

$176,100

percent-home-icon

Average Home Price in 98043

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Bed

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Sold Date

$628,966

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3 Beds

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Sold 10/06/2026

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3 Beds

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2 Beds

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Sold 10/06/2026

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3 Beds

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Sold 09/29/2026

$656,656

3 Beds

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Sold 10/06/2026

$590,267

3 Beds

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Sold 10/06/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
799,000
$
Down payment
159,800
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
4,794
$
HOA (Monthly)
0
$
PMI
0
$
$5,172
Your Payment
Total Monthly Payment:$5,172
Percent of Income:89%
Affordable:No

Details for 5507 240TH ST SW

Property Debt

Foreclosure Contact Details

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