Views
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
Open House
Mountlake Terrace
$ 759,900
- Type
- Single Family | Active
- Size
- 1,766 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Windermere Real Estate GH LLC
Open House
Mountlake Terrace
$ 499,950
- Type
- Single Family | Active
- Size
- 1,728 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: Bentley Properties
Open House
Mountlake Terrace
$ 695,000
- Type
- Single Family | Active
- Size
- 1,706 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: COMPASS
Views
Mountlake Terrace
$ 1,095,000
- Type
- Single Family | Active
- Size
- 2,699 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Listed by: Redfin
Open House
Mountlake Terrace
$ 650,000
- Type
- Single Family | Active
- Size
- 840 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Pointe3 Real Estate
Mountlake Terrace
$ 679,000
- Type
- Single Family | Active
- Size
- 1,332 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Windermere Real Estate/HLC
Open House
Mountlake Terrace
$ 615,000
- Type
- Single Family | Active
- Size
- 960 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: Windermere Real Estate/East
Open House
Mountlake Terrace
$ 1,250,000
- Type
- Single Family | Active
- Size
- 2,858 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Windermere Real Estate/M2, LLC
Mountlake Terrace
$ 975,000
- Type
- Single Family | Active
- Size
- 2,606 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: Whisper Real Estate
Open House
Mountlake Terrace
$ 688,000
- Type
- Single Family | Active
- Size
- 1,870 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Listed by: Windermere Real Estate Central
Reduced
Mountlake Terrace
$ 600,000
- Type
- Single Family | Active
- Size
- 1,200 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: Highest Offer
Views
Mountlake Terrace
$ 675,000
- Type
- Single Family | Active
- Size
- 1,728 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: Keller Williams Realty Bothell
Spokane Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome 365 Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 27, 2026 4:49 AM UTC
