Comparative Market Analysis
The Novak Team at
Summary of Comparable Properties
MLS #2223749
$850,000 4 Beds 2.00 Baths 1,752 Sq. Ft. ($485 / sqft)
SOLD 5/20/24
Details
Prop Type: Residential
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Features
Appliances Included:
Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Basement: Fully Finished
Building Information: Built On Lot
Energy Source: Electric, Natural Gas
Exterior: Metal/Vinyl Financing: Conventional
Style: 16 - 1 Story w/Bsmnt.
Full baths: 2.0
Acres: 0 1700188
Lot Size (sqft): 7,405 Garages: 1
Floor Covering: Ceramic Tile, Hardwood, Vinyl Plank
Foundation: Poured Concrete, Slab
Interior Features: Ceiling Fan(s), Dbl Pane/Storm Windw
Lot Details: Corner Lot
Occupant Name: Vacant
Occupant Type: Vacant
Parking Type: GarageAttached
Year Built 1925 Days on market: 6
List date: 4/17/24
Sold date: 5/20/24
Off-market date: 5/20/24
Updated: May 20, 2024 8:55 AM
List Price: $750,000
Orig list price: $750,000
Taxes: $4,919
School District: Edmonds
Possession: Closing
Potential Terms: Cash Out, Conventional, FHA, VA Power Company: Snohomish PUD
Roof: Composition
Sewer Company: City Mountlake Terrace
Sewer Type: Sewer Connected
Site Features: Deck, Dog Run, Fenced-Fully, Outbuildings, Patio
Sq Ft Finished: 1752
Sq Ft Source: tax records
Topography: Level
Water: Public
Water Company: City Mountlake Terrace
Water Heater Location: closet/ basement
Water Heater Type: Gas
Remarks
Just imagine spending summer nights out back on the freshly poured, stamped concrete patio surround by friends. From the moment you pull up you can tell this is going to be a special place. Newly poured stamped, concrete walkway takes you up to the freshly painted porch. Inside offers original hardwood floors, new linear fireplace & surround and an amazing custom kitchen with too many features to list. Lower level offers 4th bedroom and and full bath with separate soaking tub shower, and family room. Step out back to your composite deck & fully fenced (freshly stained), backyard w/ dog run, storage shed and play house/studio. Basement garage w/ sink could be great workshop too. Close to new light rail station and easy commuting
Courtesy of Windermere RE North, Inc. Information is deemed reliable but not guaranteed. Comparative Market Analysis
MLS #2316194
$850,000 4 Beds 2.00 Baths 1,584 Sq. Ft. ($537 / sqft)
SOLD 1/14/25
Details
Prop Type: Residential
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Style: 10 - 1 Story
Features
Appliances Included: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Architecture: Traditional
Basement: None
Building Condition: Remodeled
Building Information: Built On Lot
Community Features: Park, Playground, Trails
Full baths: 2.0
Acres: 0 18002936
Lot Dim: 104X77
Lot Size (sqft): 7,841
Garages: 2
List date: 12/11/24
Effective Year Built Source: Public Records
Energy Source: Natural Gas, Wood
Exterior: Metal/Vinyl, Stone, Wood
Irrigation Comments: 4 - Zone System
Financing: Conventional
Floor Covering: Ceramic Tile, Engineered Hardwood, Hardwood
Year Built 1960 Days on market: 2
Sold date: 1/14/25
Off-market date: 1/14/25
Updated: Jan 15, 2025 5:14 AM
List Price: $800,000
Orig list price: $800,000
Taxes: $5,339
School District: Edmonds
High: Mountlake Terrace Hi Middle: Buyer To Verify Elementary: Buyer To Verify
Foundation: Poured Concrete, Slab
Interior Features: Bath Off
Primary, Dining Room, French Doors, Jetted Tub, Sprinkler System, Walk-in Closet, Walkin Pantry, Wine/Beverage Refrigerator
Leased Equipment: N/A
Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
Occupant Name: Giles
Occupant Type: Owner
Parking Type: Driveway
Parking, Garage-Detached, Off Street
Possession: Closing
Potential Terms: Cash Out, Conventional, FHA
Power Company: PSE
Roof: Composition
Sewer Type: Sewer Connected
Site Features: Deck, Electric Car Charging, Fenced-Fully, Gas Available, Irrigation, Sprinkler System
Remarks
Sq Ft Finished: 1584
Sq Ft Source: Realist Topography: Level
Water: Public Water Company: City of MLT
Water Heater Location: Hall closet
Water Heater Type: Electric
Step into this beautifully remodeled 4BD/2BA corner lot rambler in the heart of it all, with I-5, I-405 and the new Light Rail Station just minutes away. This house has everything you need: bright open kitchen/great room with large eat-in island, and butlers pantry with beverage/wine cooler. The primary bedroom and ensuite are tucked away with separate entry for privacy and tranquility. Ensuite boasts a rarely seen 6-piece bath, water closet included! Newly landscaped/hardscaped yard with irrigation system, and 2 composite decks (front/back). Large detached two car garage with workbench. New roof and windows as of 2021. Only two owners, and well loved! Come view this Mountlake Terrace gem before its gone!
Courtesy of KW Everett Information is deemed reliable but not guaranteed.
$685,000 4 Beds 2.00 Baths 1,472 Sq. Ft. ($465 / sqft)
SOLD 10/3/24
Details
Prop Type: Residential
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Style: 10 - 1 Story
Features
Appliances Included: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Basement: None
Building Information: Built On Lot
Energy Source: Electric
Exterior: Cement Planked, Wood
Financing: Conventional
Full baths: 2.0
Acres: 0 1700188
Lot Dim: 95X76
Lot Size (sqft): 7,405
Garages: 1
List date: 8/22/24
Floor Covering: Ceramic Tile, Vinyl Plank Foundation: Poured Concrete
Interior Features: Bath Off
Primary, Dbl Pane/Storm Windw, Dining Room
Lot Details: Paved Street
Occupant Name: Vacant
Occupant Type: Vacant
Parking Type: CarportAttached
Year Built 1953 Days on market: 18
Sold date: 10/3/24
Off-market date: 10/3/24
Updated: Oct 4, 2024 1:50 AM
List Price: $695,000
Orig list price: $695,000
Taxes: $4,502
School District: Edmonds
High: Buyer To Verify
Middle: Buyer To Verify
Elementary: Buyer To Verify
Possession: Closing
Potential Terms: Cash Out, Conventional, FHA, VA
Power Company: Snohomish Co PUD
Roof: Composition
Sewer Company: Mountlake Terrace Utilities
Sewer Type: Sewer Connected
Site Features: Fenced-Partially, Outbuildings, Patio, RV Parking
Sq Ft Finished: 1472
Sq Ft Source: SCR
Topography: Garden Space, Level
Water: Public
Water Company: Mountlake Terrace Utilities
Water Heater Location: Laundry room
Water Heater Type: Electic
Remarks
Discover your ideal residence in this beautifully updated 4-bedroom, 2 bath gem in the Edmonds School District. This home features a luxurious primary suite with an ensuite bathroom and dual closets. Enjoy new luxury vinyl plank flooring, and fresh paint throughout. Appreciate the comfort of central air conditioning during warm northwest summers and cozy up in front of the wood-burning stove during the winter. The property also includes two storage sheds, a carport, and a level lot for easy maintenance. The convenience of being close to the light rail makes commuting a breeze. All appliances convey with the home.
Courtesy of Coldwell Banker Bain Information is deemed reliable but not guaranteed.
23405 54th Avenue W
MLS
$670,000 4 Beds 2.00 Baths 1,784 Sq. Ft. ($376 / sqft)
SOLD 11/12/24
Details
Prop Type: Residential
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Style: 12 - 2 Story
Features
Appliances Included: Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Architecture: Traditional
Basement: None
Building Condition: Fixer
Building Information: Built On Lot
Effective Year Built Source: Public Records
Energy Source: Electric
Full baths: 2.0
Acres: 0 19001696
Lot Size (sqft): 8,276
List date: 10/8/24
Sold date: 11/12/24
Off-market date: 11/12/24
Year Built 1951 Days on market: 8
Updated: Dec 12, 2024 8:00 PM
List Price: $585,000
Orig list price: $585,000
Taxes: $4,811
School District: Edmonds
High: Mountlake Terrace Hi Middle: Alderwood Mid
Elementary: Terrace Park Sch
Exterior: Cement/Concrete
Financing: Conventional
Floor Covering: Vinyl Plank, Wall to Wall Carpet
Foundation: Slab
Lot Details: Curbs, Sidewalk
Occupant Name: Sir-VacantA-Lot
Occupant Type: Vacant
Parking Type: None
Possession: Closing
Potential Terms: Cash Out, Conventional, FHA, Rehab Loan, USDA, VA
Power Company: Sno Co PUD
Roof: Composition
Sewer Company: City of Mountlake Terrace
Sewer Type: Sewer Connected
Site Features: Fenced-Fully, Patio
Sq Ft Finished: 1784
Sq Ft Source: tax records
Topography: Level
Water: Public
Water Company: City of Mountlake Terrace
Remarks
Fantastic opportunity 4-bedroom, 2-bath home boasting. Step inside to find a spacious living room that invites relaxation, complete with a woodstove, perfect for those chilly evenings. This home has clean and modern atmosphere. The fully fenced backyard provides an ideal setting for summer barbecues and outdoor gatherings, offering both privacy and a great space for outdoor activities. This property falls within the highly regarded Edmonds School District, making it a perfect choice for quality education options. With its convenient location and appealing features, this home is well-suited for discerning buyers seeking a blend of comfort and investment potential. Don't miss this chance to make it yours!
Information is deemed reliable but not guaranteed.
Courtesy of Coldwell Banker Danforth
$630,000 4 Beds 2.00 Baths 1,344 Sq. Ft. ($469 / sqft)
SOLD 6/28/24
Details
Prop Type: Residential
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Features
Building Information: Built On Lot
Exterior: Cement/Concrete
Financing: Cash
Remarks
No Description for this property
Style: 10 - 1 Story
Full baths: 2.0
Acres: 0 1700188
Lot Size (sqft): 7,405 Garages: 1
Parking Type: CarportAttached
Roof: Composition
Sewer Type: Sewer Connected
Courtesy of NWMLS-NonOffice Information is deemed reliable but not guaranteed.
Year Built 1951 Days on market: 0
List date: 6/28/24
Off-market date: 6/28/24
Updated: Jul 2, 2024 1:59 AM
List Price: $630,000
Orig list price: $630,000
Sq Ft Finished: 1344
Sq Ft Source: Tax Records Water: Public
School District: Edmonds
High: Mountlake Terrace Hi Middle: Brier Terrace Mid Elementary: Terrace Park Sch
Intelligent Pricing and Timing
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
• Fair market value attracts buyers, overpricing never does.
• The first two weeks of marketing are crucial.
• The market never lies, but it can change its mind.
Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons, but the two biggest are location and condition. Generally, fair market value can be estimated by considering the comparables - other similar homes that have sold or are currently for sale in the same area.
Sellers often view their homes as special, which tempts them to put a higher price on it, believing they can always come down later, but that's a serious mistake.
Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range and look for the best value in that range.
Intelligent Pricing and Timing
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.
With a sign in the yard, full description and photos in the local Multiple Listing Service, distribution across the Internet, open houses, broker's caravan, ads, and email blasts to your listing agent's buyers, your home will get the greatest flurry of attention and interest in the first two weeks.
If you don't get many showings or offers, you've probably overpriced your home, and it's not comparing well to the competition. Since you can't change the location, you'll have to either improve the home's condition or lower the price.
Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home's curb appeal, or perhaps stage the interior to better advantage.
The market can always change its mind and give your home another chance, but by then you've lost precious time and perhaps allowed a stigma to cloud your home's value.
Intelligent pricing isn't about getting the most for your home - it's about getting your home sold quickly at fair market value.
