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5507 240th Street SW Mountlake Terrace, WA $ 799,000
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5507 240th Street SW
$ 799,000
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5507 240th Street SW

Mountlake Terrace, WA, 98043
$ 799,000
Bedrooms3 Baths1.0 Sq 1,100

Monthly Estimate*

$ 5,045

Listed by John L. Scott, Inc.
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 1
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 2
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 3
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 4
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 5
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 6
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 7
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 8
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 9
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 10
5507 240th Street SW, Mountlake Terrace, WA 98043 - Image 11

Single Family Home for sale in Mountlake Terrace, WA

for $799,000 with 3 bedrooms and 1 full bath. This 1,100 square foot home was built in 1950 on a lot size of 0.18.

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.

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Single Family Active

Price

$ 799,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 4,769

Style

1 Story

Lot Size

0.18

Year Built

1950

Town/City

Mountlake Terrace

County/Region

Snohomish

MLS | Web ID

2572307
Features
General
Living Area 1100
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Negotiable
Roof Metal Torch Down
HOA Fee 0
Year Built 1950
View Territorial
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
County Snohomish
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name Mountlake Terrace
Garage Y/N Y
Full Baths 1
Special Listing Conditions None
Status Active
Directions GPS works
High School Buyer To Verify
City Mountlake Terrace
Senior Community Y/N N
High School District Snohomish
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 7841
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Buyer To Verify
Land Lease Y/N N
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
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Interior
Basement None
Flooring Vinyl Plank
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
3/4 Baths 0
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 1
Power Production Type Electric
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 1
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1
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Exterior
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 N
Covered Spaces 1
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2572307
Street Number 1 5507
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* Excluded Features
List By
Kimberly Shaeffer

Listing Agent

John L. Scott, Inc.

Broker

Affordability Calculator

$5,442
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,045
Monthly Property Taxes
$397
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100348 Elementary School
3100489 Middle School
Buyer To Verify High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/21/2026$799,000 Listed Price

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5507 240th Street SW, Mountlake Terrace, WA, 98043 is a Single Family Home for sale at $799,000 with 1,100 sqft and a lot size of 0.18. 5507 240th Street SW has 3 bedrooms, 1.0 baths, and was built in 1950. The property's zip code is 98043 which is in Mountlake Terrace, WA

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