$535,000
2 bd•1 ba•672 sq ft
23208 55th Avenue W, Mountlake Terrace, WA 98043
• Listed 2025-09-11
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Unique opportunity in transforming community of Mountlake Terrace. Over 10K lot size and current home positioned to allow easy access to backyard. Overall level site and current zoning allows for build out of additional home(s) on site or complete revamp to building/site. Combine with lot on 56th for larger commercial use/site. Current home is nicely updated with long-life metal roof, vinyl windows, fresh paint & carpet. Large carport with storage closets. Easily rents or enjoy as your home while you set your development goals in motion. Enjoy the privacy of this fully fenced backyard with room for hobbies, toys and outdoor activities. Quick walk to elementary school too. Affordable entry point into amazing real estate opportunity.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
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Open Sat, Jun 13$535,000
+in line with the list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $440K and $625K.
Rental earnings
$1,600/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$535,000Last sold price
23208 55th Avenue W, Mountlake Terrace, WA 98043
$500,000Last sold price
22907 60th Ave W, Mountlake Terrace, WA 98043
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 23, 2025 at 04:02am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the 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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Listed by Paul Isenburg • Windermere Real Estate/East
Listing updated: November 23, 2025 at 04:02am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2430346
Open Sat, Jun 13Open Sat, Jun 13 +1Open Sat, Jun 13Open Sat, Jun 13Open Sat, Jun 13Open Sat, Jun 13Open Sat, Jun 13$565,000
5705 2238th Street Sw, Mountlake Terrace, WA 98043
Lacey Winslow · Windermere Real Estate/CIR
Mountlake Terrace is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 7 days.
$625,000 Sold
2 days ago
2 bd•1 ba•~1,170 sq ft•Single Family
5907 227th Street Sw, Mountlake Terrace, WA 98043
0%
Over list
—
Days on market
0.5 mi
Distance
$625,000 Sold
1 week ago
3 bd•1 ba•~1,036 sq ft•Single Family
23004 52nd Avenue W, Mountlake Terrace, WA 98043
1%
Under list
—
Days on market
0.2 mi
Distance
$800,000 Sold
2 weeks ago
4 bd•1 ba•~2,004 sq ft•Single Family
22904 41st Place Sw, Mountlake Terrace, WA 98043
5%
Over list
—
Days on market
0.9 mi
Distance
$78,000 Sold
2 weeks ago
2 bd•1 ba•Single Family
24222 54th Avenue W #57, Mountlake Terrace, WA 98043
22%
Under list
—
Days on market
0.6 mi
Distance
$1,150,000 Sold
3 weeks ago
4 bd•2.5 ba•~2,418 sq ft•Single Family
4802 236th Street Sw, Mountlake Terrace, WA 98043
8%
Under list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Edmonds School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
