Address
5507 240th Street Sw, Mountlake Terrace, WA
Price
$ 799,000
Property Attributes
- ID#2572307
- TypeSingle Family
- CountySNOHOMISH
- CityMountlake Terrace
- AreaSouthwest Snohomish
- NeighborhoodMountlake Terrace
- Zip98043
- Style1 Story
- Year Built1950
- Taxes$ 4769
- Price$ 799,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1100
- Lot Size0.18 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Buyer To Verify Elementary School | Buyer To Verify Middle School | Buyer To Verify High School |
| Price History | |
|---|---|
| 8/21/2026 | Listed $799,000 |
General Features
| Living Area | 1100 |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard |
| Cooling | None |
| Possession | Closing,Negotiable |
| Roof | Metal,Torch Down |
| Year Built | 1950 |
| View | Territorial |
| Topography | Level |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| County | Snohomish |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | Yes |
| Subdivision Name | Mountlake Terrace |
| Garage Y/N | Yes |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS works |
| High School | Buyer To Verify |
| City | Mountlake Terrace |
| Senior Community Y/N | No |
| High School District | Snohomish |
| MLS Area | 730 - Southwest Snohomish |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 7841 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Elementary School | Buyer To Verify |
| Land Lease Y/N | No |
| Tax Annual Amount | 4769 |
| Middle/Junior High School | Buyer To Verify |
| Public Remarks | 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 des |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Property Style | 10 - 1 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Basement | None |
|---|---|
| Flooring | Vinyl Plank |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 3 |
| Total Baths | 1 |
| Power Production Type | Electric |
| Baths Full Main | 1 |
| Bathrooms | 1 |
Exterior Features
| Exterior Amenities | Cement/Concrete |
|---|---|
| Parking Features | Driveway,Attached Garage |
| Lot Features | Corner Lot,Paved |
| Water Source | Public |
| Total Parking | 1 |
| Building Area Total | 1100 |
| Lot Size Acres | 0.18 |
| Waterfront Y/N | No |
| Covered Spaces | 1 |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98043
Price
Taxes
Year Built
Visits
In The Neighborhood
Mountlake Terrace
$ 675,000
- Type
- Single Family | Active
- Size
- 1,728 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: Keller Williams Realty Bothell
Mountlake Terrace
$ 1,062,500
- Type
- Single Family | Active
- Size
- 2,699 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Listed by: WeLakeside
Mountlake Terrace
$ 640,000
- Type
- Single Family | Active
- Size
- 950 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: John L. Scott, Inc.
Open House
Mountlake Terrace
$ 924,900
- Type
- Single Family | Active
- Size
- 2,592 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: Redfin
Mountlake Terrace
$ 925,000
- Type
- Single Family | Active
- Size
- 2,292 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Keller Williams Rlty Bellevue
Mountlake Terrace
$ 875,000
- Type
- Single Family | Active
- Size
- 3,216 SqFt
- Rooms
- 6 Beds + 4 Baths
Listed by: Upgrade Realty
Mountlake Terrace
$ 644,950
- Type
- Single Family | Active
- Size
- 1,392 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Skyline Properties, Inc.
Mountlake Terrace
$ 799,950
- Type
- Single Family | Active
- Size
- 1,596 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: COMPASS
Mountlake Terrace
$ 725,000
- Type
- Single Family | Active
- Size
- 1,870 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Listed by: Windermere Real Estate Central
Mountlake Terrace
$ 1,165,000
- Type
- Single Family | Active
- Size
- 2,699 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Listed by: Redfin
Mountlake Terrace
$ 829,900
- Type
- Single Family | Active
- Size
- 1,864 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: CENTURY 21 North Homes Realty
Mountlake Terrace
$ 715,000
- Type
- Single Family | Active
- Size
- 1,618 SqFt
- Rooms
- 3 Beds + 3.5 Baths
Listed by: Redfin
