NOT LISTED FOR SALE

5708 236th St SW Mountlake Terrace, WA 98043

Gateway Neighborhood

Estimated Value: $543,218 - $575,000

0.35 Acre
$1,601,273 Price per Acre
15,229 Sq Ft Lot

Last Sold March 17, 2022

Last sale price $1,400,000 $2,083 Per Sq Ft

Current estimated payment $3,455/month

13 Days on Market

Highlights

  • Corner Lot
  • Senior Tax Exemptions
  • 2-minute walk to Veterans Memorial Park
  • No HOA

About This Lot

As of March 2022

Two level lots in the new Downtown Core, a total of 15,000+ square feet, zoned TC1 for a minimum of 6 stories - to a maximum of 12 stories - the highest density zone in the city. Two fixer houses on the two properties could be renovated and rented out during the design & permitting phase. Amazing location less than a block from the Mountlake Terrace Transit and Light Rail Stations. TC1 zoning allows multifamily plus a wide array of commercial uses.

Last Listed By

Alan Arafat

John L. Scott, Inc. License #75164 Listed on: 02/18/2022

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1891248

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,979

Year Built

  • 1950

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 120 x 134
  • Corner Lot
  • Level Lot
  • Zoning described as TC1

Community Details

  • No Home Owners Association
  • Mlt Div 2 Condos
  • Mountlake Terrace Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Legal Lot and Block 19 & 20 / 3
  • Assessor Parcel Number 00520600301900

Property Details

Property Type

Land

Est. Annual Taxes

$2,979

Year Built

1950

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 42 - Multi-Family
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: MLT Div 2
  • CalculatedSquareFootage: 0
  • SeniorExemption: true
  • Restrictions: CC&R
  • Improvements: Dwelling
  • Special Features: None
  • Year Built: 1950
  • Cumulative Days on Market: 1,142

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Structure Type: Multi Family
  • RoadInformation: County Right of Way
  • WaterJurisdiction: City of MLT

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: On Property
  • Water Source: On Property
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: In Street

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00520600301900
  • Topography: Level
  • Lot Size Acres: 0.3496
  • Lot Size: 120 x 134
  • Lot Size Sq Ft: 15229
  • Zoning Description: TC1
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: scr
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 19 & 20

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2979
  • AdditionalTaxIds: 00520600302000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Mar 14, 2022
Sold by
Honsberger Duane E
Bought by
Elysian Investment Llc
Seller's Agent
Alan Arafat
John L. Scott, Inc.
Buyer's Agent
Angel Wang
Skyline Properties, Inc.
List Price
$1,400,000
Sold Price
$1,400,000
Total Days on Market
13
Current Estimated Value
$559,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$840,195
Avg. Annual Appreciation
-26.35%

Range of Values:

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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
Elysian Investment Llc $1,400,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2022 03/17/22 Sold $1,400,000 0.0% $2,083 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $1,400,000 -- $2,083 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $4,033 $519,300 $408,300 $111,000
2024 $4,033 $500,800 $389,800 $111,000
2023 $3,360 $469,200 $411,900 $57,300
2022 $3,066 $352,100 $294,300 $57,800
2020 $2,868 $290,400 $239,900 $50,500
2019 $2,680 $272,900 $222,600 $50,300
2018 $2,644 $234,500 $189,600 $44,900
2017 $2,137 $199,600 $160,000 $39,600
2016 $1,845 $179,100 $141,000 $38,100
2015 $1,668 $151,900 $121,200 $30,700
2013 $1,545 $133,500 $99,900 $33,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alan Arafat

    John L Scott

    (425) 775-4591

    Section Image
  • Jon Selin

    Seller Co-Listing Agent in 2022

    Jon Selin

    John L Scott

    (206) 650-4566

    2 in this area

    45 Total Sales

    Jon Selin
    Section Image
  • Angel Wang

    Buyer's Agent in 2022

    Angel Wang

    Skyline Properties, Inc

    (206) 353-5088

    1 in this area

    35 Total Sales

    Angel Wang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1891248

Northwest Multiple Listing Service (NWMLS)

APN: 005206-003-019-00

Washington Snohomish County Mountlake Terrace 98043 Gateway

5708 236th St SW, Mountlake Terrace, WA

Homes for Sale in Mountlake Terrace, WA

This home is located at 5708 236th St SW, Mountlake Terrace, WA 98043 since 18 February 2022 and is currently estimated at $559,805, approximately $833 per square foot. This property was built in 1950. 5708 236th St SW is a home located in Snohomish County with nearby schools including Terrace Park Elementary School, Brier Terrace Middle School, and Mountlake Terrace High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.