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Single Family ResidenceResidential
$750,000$410 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $696,910 on Sep 1, 2026

5501 240TH ST SW

MOUNTLAKE TERRACE, WA 98043
3
Beds
2.5
Baths
1,830 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
871 ft²
Lot SizeThe size of the land the home sits on, from county records.
2020
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$750K
$718K low$782K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$696,910 · Sep 1, 2026

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,082 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$753,700 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$365,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$388,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$779,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$753,700

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.6
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
32
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountySNOHOMISH
Lot (acres)The size of the land the home sits on, from county records.0.02
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Heat Pump
CoolingThe type of cooling or air conditioning in the home.None
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
ViewThe type of view from the property, or another feature of the site that affects value.Condo
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 460 ft²Patio · 460 ft²

Transaction History(5)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Mountlake Terrace Elementary SchoolC
Elementary · Grades KG–6 · 1.3 mi
H
Mountlake Terrace High SchoolB+
High · Grades 9–12 · 1.7 mi
M
Brier Terrace Middle SchoolA-
Middle · Grades 7–8 · 1.8 mi

District: Edmonds School District

Neighborhood · ZIP 98043These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.114
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.109
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.266

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.29%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.5%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.21,745
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,344 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$97,181
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$119,311
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.43%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5501 240th St Sw measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 72% of homes in Mountlake Terrace 98043
  • Costs less per square foot than 76% of homes in Gateway
  • Bigger than 75% of homes in Mountlake Terrace 98043
  • Among the smallest lots in Snohomish County
  • Newer than 97% of homes in Mountlake Terrace 98043

What homes are worth in Mountlake Terrace 98043

Each bar is how many homes fall in that price range. The marker is this home.

This home
$278K$1.1M

This home is worth more than 72% of homes in Mountlake Terrace 98043.

How it measures up in Mountlake Terrace 98043

The dot is this home. The mark in the middle is the typical home in Mountlake Terrace 98043.

Estimated value$750,000
CheaperTypical $654,940Pricier

Pricier than 72% of homes nearby

Price per ft²$410
CheaperTypical $447Pricier

Pricier than 34% of homes nearby

Living area1,830 ft²
SmallerTypical 1,362 ft²Bigger

Bigger than 75% of homes nearby

Lot size871 ft²
SmallerTypical 0.19 acBigger

Smaller than almost all homes nearby

Year built2020
OlderTypical 1963Newer

Newer than 97% of homes nearby

How 5501 240th St Sw ranks against every home in each area.
MeasureThis homeGatewayMountlake Terrace 98043Snohomish County
Estimated valuepricier than$750,00064% of homes72% of homes53% of homes
Price per ft²pricier than$41024% of homes34% of homes52% of homes
Living areabigger than1,830 ft²71% of homes75% of homes51% of homes
Lot sizebigger than871 ft²2% of homesalmost no homesalmost no homes
Year builtnewer than202095% of homes97% of homes97% of homes

About 5501 240th St Sw

How much is 5501 240th St Sw, Mountlake Terrace, WA worth?

The TopHap Estimate for 5501 240th St Sw, Mountlake Terrace, WA is $750,000 as of Sep 24, 2026. The likely range is $718,475 to $781,525. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5501 240th St Sw, Mountlake Terrace, WA last sell?

5501 240th St Sw, Mountlake Terrace, WA last sold on Sep 1, 2026 for $696,910, according to the county's recorded deed.

How big is 5501 240th St Sw, Mountlake Terrace, WA?

5501 240th St Sw, Mountlake Terrace, WA has 3 bedrooms, 2.5 bathrooms, 1,830 square feet of living space and a 0.02-acre lot.

When was 5501 240th St Sw, Mountlake Terrace, WA built?

5501 240th St Sw, Mountlake Terrace, WA was built in 2020, making it 6 years old. The building has 3 stories.

What schools serve 5501 240th St Sw, Mountlake Terrace, WA?

5501 240th St Sw, Mountlake Terrace, WA is assigned to Mountlake Terrace Elementary School (elementary), rated C; Mountlake Terrace High School (high), rated B+; Brier Terrace Middle School (middle), rated A-. All sit in Edmonds School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5501 240th St Sw, Mountlake Terrace, WA compare to other homes in Mountlake Terrace 98043?

Among the 6,757 homes in Mountlake Terrace 98043, it is worth more than 72% of them ($750,000 against a typical $654,940), its price per square foot is higher than 34% of them ($410 against a typical $447), it is bigger than 75% of them (1,830 ft² against a typical 1,362 ft²), its lot is bigger than almost none of them (871 ft² against a typical 0.19 ac) and it is newer than 97% of them (2020 against a typical 1963). Measured against all of Snohomish County, it is worth more than 53% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5501 240th St Sw, Mountlake Terrace, WA?

The 2026 property tax bill for 5501 240th St Sw, Mountlake Terrace, WA was $6,082. The county assessed it at $753,700.

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