Summary of Comparable Properties
A ACTIVE LISTINGS
S SOLD LISTINGS
23319 Cedar Way K105
Mountlake Terrace, WA 98043
MLS #2479402
$425,000 3 Beds 2.00 Baths 1,229 Sq. Ft. ($346 / sqft)
ACTIVE 2/12/26
Details
Prop Type: Condominium
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Features
Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Building Complex Or Project: Markland Woods
Condominiums
Style: 30 - Condo (1 Level)
Full baths: 2.0
Lot Size (sqft):
List date: 2/12/26
Updated: Feb 12, 2026 9:00 PM
Year Built 1990 Days on market: 11
List Price: $425,000
Orig list price: $425,000
Assoc Fee: $599
Taxes: $3,596
School District: Edmonds
High: Mountlake Terrace Hi Middle: Brier Terrace Mid Elementary: Cedar Way Elem
Common Property: Clubhouse, Exercise Room, Fire Sprinklers, High Speed Int Avail, Hot Tub, Outside Entry, Playground, Pool-Outdoor, Sauna
Energy Source: Electric
Exterior: Metal/Vinyl, Wood Products
Floor Covering: Laminate, Laminate Hardwood
Lot Details: Curbs, Paved Street, Sidewalk Stories: 2
Occupant Type: Vacant
Parking Type: Uncovered
Possession: Closing
Potential Terms: Cash Out, Conventional
Power Company: Snohomish PUD
Roof: Composition
Sewer Company: HOA
Sq Ft Source: Realist
Unit Features: Balcony/Deck/ Patio, End Unit, Ground Floor, Insulated Windows, Primary Bath, Sprinkler System, Walkin Closet
View: Territorial Water Company: HOA
Remarks
A fantastic condo awaits you in Mountlake Terrace. Inside, the three-bedroom, two-bath property sparkles with details like new paint and flooring, ample natural light, and laundry. An enclosed patio offers a tree-filled outlook and is the perfect space for entertaining, or for a furry friends catio. Touches like an eating bar, Stainless Steel appliances, and a wood-burning fireplace further the condos comfort. The complex also comes complete with winning amenities, such as a workout room, Sauna, playground and a swimming pool. Ideally situated in Mountlake Terrace, city life and outdoor adventure are equally accessible, providing further proof of the condos status as a bonafide knockout. The unit also features 2 reserved parking spots and is located close to the MLT light rail.
Courtesy of Windermere RE Greenwood Information is deemed reliable but not guaranteed. Comparative Market Analysis
4122 212th Street SW A201
Mountlake Terrace, WA 98043
MLS #2465910
$405,000 3 Beds 1.75 Baths 1,146 Sq. Ft. ($353 / sqft)
ACTIVE 1/8/26
Details
Prop Type: Condominium
County: Snohomish
Area: 730 - Southwest
Snohomish
Subdivision: Mountlake Terrace
Features
Appliances Included: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Building Complex Or Project: Wildmere
Common Property: High
Speed Int Avail, Pool-Outdoor, Security Gate
Remarks
Style: 30 - Condo (1 Level)
Full baths: 1.0
3/4 Baths: 1.0
Lot Size (sqft):
List date: 1/8/26
Energy Source: Electric
Exterior: Wood
Floor Covering: Ceramic Tile, Vinyl, Wall to Wall Carpet
Lot Details: Curbs, Paved Street
Stories: 2
Occupant Name: Guy & Kelly
Year Built 1981 Days on market: 46
Updated: Feb 19, 2026 5:29 AM
List Price: $405,000
Orig list price: $420,000
Assoc Fee: $806
Taxes: $3,060
School District: Edmonds
Occupant Type: Owner
Parking Type: Off Street, Uncovered
Possession: Closing, See Remarks
Potential Terms: Cash Out, Conventional Roof: Composition
Sq Ft Source: Realist
Unit Features: Balcony/Deck/ Patio, Insulated Windows, Primary Bath, Top Floor
Water Heater Location: Closet
Water Heater Type: Electric
Rare opportunity to own a true 3-bedroom condo with a spacious 1,146 sq ft floorplan. This move-in-ready home features an
updated kitchen with newer appliances, refreshed bathrooms, fresh interior paint, and thoughtful upgrades throughout. Enjoy year-round comfort with air conditioning and a cozy wood-burning fireplace. The oversized primary bedroom offers generous space and a private ensuite bath. Step outside to your balcony with additional storage. Community amenities include a swimming pool, while the unbeatable location places you close to light rail, shopping, Mountlake Terrace High School, Alderwood Mall, and quick access to I-5, making commuting and daily life effortless.
Courtesy of Real Broker LLC Information is deemed reliable but not guaranteed. Comparative Market Analysis 23339 Cedar Way, Mountlake Terrace, Washington
The Novak Team at REAL Brokerage www.NovakTeam.com
23311 Cedar Way P201
$530,000 3 Beds 2.00 Baths 1,387 Sq. Ft. ($382 / sqft)
SOLD 7/30/25
Details
Prop Type: Condominium
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Features
Appliances Included: Dishwasher(s), Dryer(s), Stove(s)/Range(s), Refrigerator(s), Washer(s) Architecture: Craftsman
Building Complex Or Project: Markland Woods Apts Condo
Common Property: Athletic Court, Clubhouse, Exercise Room, Hot Tub, Playground, Pool-Outdoor, Sauna, Trails
Style: 30 - Condo (1 Level)
Full baths: 2.0
Lot Size (sqft):
Garages: 1
List date: 6/4/25
Energy Source: Electric
Exterior: Metal/Vinyl Financing: FHA
Floor Covering: Vinyl, Vinyl Plank
Lot Details: Curbs, Paved Street, Sidewalk
Stories: 2
Occupant Name: David & Bruna
Year Built 1990 Days on market: 26
Sold date: 7/30/25
Off-market date: 7/30/25
Updated: Aug 29, 2025 9:00 PM
List Price: $525,000
Orig list price: $525,000
Assoc Fee: $582
Taxes: $3,995
School District: Edmonds
Occupant Type: Owner
Parking Type: Individual Garage, Uncovered Possession: Closing
Potential Terms: Cash Out, Conventional, FHA Roof: Composition
Sq Ft Source: Realist
Unit Features: Balcony/Deck/ Patio, End Unit, Insulated Windows, Primary Bath, Top Floor, Vaulted Ceilings View: Territorial
Water Heater Location: Laundry
Water Heater Type: Electric2018
Remarks
Show-stopper!! A picture-perfect condo that would make Pottery Barn jealous! Everything you could need or want in a condo. 3 bedrooms, 2 full baths, top-floor, vaulted ceilings, deck backing to greenery with storage. Generous parking with private garage, additional reserved space, & plenty of visitor spots. The interior is immaculate-hard flooring throughout, quartz counters, stainless appliances, custom light fixtures, laundry room, fresh paint. All bedrooms are spacious with plenty of closet space. Amazing amenities, pool, sauna, gym, hot tub, sport court, all in a very quiet community. Located near MLT light rail, Alderwood Mall, Edmonds ferry, walk to Bartells & QFC. Friendly pet policy, no assessments, manageable dues, FHA approved!
Courtesy of Coldwell Banker Bain Information is deemed reliable but not guaranteed.
23303 Cedar Way T201
MLS
$513,750 3 Beds 1.75 Baths 1,322 Sq. Ft. ($389 / sqft)
SOLD 10/29/25
Details
Prop Type: Condominium
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Style: 30 - Condo (1 Level)
Features
Appliances Included:
Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Building Complex Or Project: Markland Woods
Common Property: Athletic Court, Clubhouse, Exercise Room, Game/Rec Rm, Garden Space, Hot Tub, Outside Entry, Playground, Pool-Outdoor, Sauna, Trails
Full baths: 1.0
3/4 Baths: 1.0
Lot Size (sqft):
Garages: 1
List date: 8/28/25
Sold date: 10/29/25
Effective Year Built Source:
Public Records
Energy Source: Electric, Wood
Exterior: Metal/Vinyl
Financing: Conventional
Floor Covering: Vinyl, Wall to Wall Carpet
Leased Equipment: none
Lot Details: Curbs, Dead End Street, Paved Street, Sidewalk Stories: 2
Year Built 1990 Days on market: 36
Off-market date: 10/29/25
Updated: Nov 28, 2025 8:00 PM
List Price: $490,000
Orig list price: $500,000
Assoc Fee: $595
Taxes: $3,596
School District: Edmonds
High: Mountlake Terrace Hi Middle: Brier Terrace Mid Elementary: Cedar Way Elem
Occupant Name: Mark
Occupant Type: Owner
Parking Type: Carport, Uncovered
Possession: Closing
Potential Terms: Cash Out, Conventional, FHA, VA
Power Company: PUD
Roof: Composition
Sq Ft Source: Previous listing
Unit Features: Balcony/Deck/ Patio, Insulated Windows, Primary Bath, Top Floor, Vaulted Ceilings, Walk-in Closet
View: See Remarks
Water Heater Location: Closet
Water Heater Type: Electric
Remarks
Discover the ease of condo living at Markland Woods! Step into this bright, spacious home featuring granite counters, new floors, & the convenience of in-unit laundry. The updated primary bath offers a walk-in shower for a spa-like feel. Start your mornings on the private balcony, sipping coffee surrounded by trees, your peaceful retreat in the city. Enjoy 2 parking spaces (incl. 1 covered/carport) & generous storage space on the balcony + extra storage unit near parking. The community offers resort-style living w/ a full gym, sauna, pool, hot tub, sport court, playground, clubhouse, tanning bed & garden space. All just mins from light rail, shops & dining. Comfort, convenience & community, it's all here!
Courtesy of Realty One Group Orca Information is deemed reliable but not guaranteed.
23317 Cedar Way L201
$510,000 3 Beds 2.00 Baths 1,229 Sq. Ft. ($415 / sqft)
SOLD 9/19/25
Year Built 1990 Days on market: 26
Details
Prop Type: Condominium
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Mountlake Terrace
Style: 31 - Condo (2 Levels)
Features
Appliances Included: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
Architecture: Contemporary
Building Complex Or Project: Markland Woods Condominiums
Full baths: 2.0
Lot Size (sqft):
List date: 7/17/25
Sold date: 9/19/25
Off-market date: 9/19/25
Updated: Oct 19, 2025 9:00 PM
List Price: $499,950
Orig list price: $499,950
Assoc Fee: $599
Taxes: $3,596
School District: Edmonds
High: Mountlake Terrace Hi Middle: Brier Terrace Mid Elementary: Cedar Vly Community
Common Property: Athletic Court, Clubhouse, Exercise Room, Fire Sprinklers, Game/ Rec Rm, Hot Tub, Outside Entry, Pool-Outdoor, Sauna, Trails
Energy Source: Electric
Exterior: Wood Products
Financing: Conventional
Floor Covering: Vinyl, Wall to Wall Carpet
Stories: 2
Occupant Type: Tenant
Parking Type: Carport, Individual Garage
Possession: Closing
Potential Terms: Cash Out, Conventional
Power Company: SPUD
Roof: Composition
Sq Ft Source: Snohomish County Records
Unit Features: Balcony/Deck/ Patio, Primary Bath, Walk-in Closet
Water Company: SPUD
Remarks
Elevated living meets everyday convenience in this stylish top-floor 3BR/2BA condo! Vaulted ceilings, sleek quartz counters, stainless steel appliances, and custom lighting bring modern flair to a lush greenbelt view. Lounge on your private deck or dive into resort-style perkspool, sauna, hot tub, gym, and sport court. Spacious bedrooms, in-unit laundry, private garage + guest parking add daily ease. Pet-friendly, peaceful, and perfectly placedwalk to light rail, Bartells, QFC; quick hop to Alderwood Mall & Edmonds ferry. FHA approved, low dues, no assessments!
Courtesy of Real Property Associates Information is deemed reliable but not guaranteed.
22703 Lakeview Dr E5
$435,000 3 Beds 1.50 Baths 1,329 Sq. Ft. ($327 / sqft)
SOLD 9/24/25
Year Built 1980 Days on market: 43
Details
Prop Type: Condominium
County: Snohomish
Area: 730 - Southwest Snohomish
Subdivision: Lake Ballinger
Style: 32 - Townhouse
Full baths: 1.0
Features
Appliances Included: Dishwasher(s), Dryer(s), Garbage Disposal, Stove(s)/Range(s), Washer(s)
Architecture: Townhouse
Building Complex Or Project: Lake Village Condominium
Common Property: Athletic Court, Pool-Outdoor
Effective Year Built Source: Public Records
Half baths: 1.0
Lot Size (sqft):
Garages: 1
List date: 7/8/25
Sold date: 9/24/25
Off-market date: 9/24/25
Updated: Oct 24, 2025 9:00 PM
List Price: $445,000
Orig list price: $465,000
Assoc Fee: $557
Taxes: $3,733
School District: Edmonds
High: Edmonds Woodway High
Middle: College Pl Mid
Elementary: Westgate ElemWg
Energy Source: Electric
Exterior: Wood Products
Financing: Conventional
Floor Covering: Vinyl Plank, Wall to Wall Carpet
Lot Details: Curbs, Dead End Street, Open Space, Paved Street
Stories: 2
Occupant Name: Vacant
Occupant Type: Vacant
Parking Type: Carport
Possession: Closing
Potential Terms: Cash Out, Conventional
Roof: Composition
Sq Ft Source: Realist
Unit Features: Balcony/Deck/ Patio, Ground Floor, Insulated Windows, Top Floor
View: Territorial
Water Heater Location: Closet
Water Heater Type: Electric
Remarks
PRICE DROP! The deal of the Summer just got sweeter! This updated 3 bed, 1.5 bath townhome near Lake Ballinger locationminutes to the lake, golf course, parks, Interurban Trail, and light rail. Freshly painted with new carpet. The first floor has a half bathroom off the entry, a light filled kitchen with bay window, a dining room, oversized living room with a wall of glass that opens to the sunny private patio. Upstairs, you'll find a large Primary bedroom with double closets and a private balcony. The second floor has two more bedroom with glass sliders that each open to a shared balcony. A full bathroom and utility closet with stacked washer/dryer complete the upstairs. Enjoy the community pool and sports court. Edmonds School District.
Courtesy of Lyon Creek Real Estate Information is deemed reliable but not guaranteed.
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.