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24325 56th Avenue West

24325 56th Avenue West, Mountlake Terrace, WA 98043
Property in Gateway
1 Units For Sale
Unit for sale at 24325 56th Ave W, Mountlake Terrace, WA 98043

$500,000

  • Commercial
24325 56th Ave W, Mountlake Terrace, WA 98043 Listing by Katie Pyon

24325 56th Avenue West has been categorized by the local assessors in Mountlake Terrace, WA as a commercial type of property. The building on the property was first built in 1976 and is 48 years old. However, we must point out that the home was most recently renovated and altered in 1982. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 24325 56th Avenue West has 2,400 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 14,375 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Residents will have the luxury of enjoying both a screened porch and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with steel control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt and ply sheets in a built-up roof style. The exterior walls of the building are made of concrete block. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $235,000 in Jun 25, 1996. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,130 in taxes each year. 24325 56th Avenue West was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $972,600. If we break it down further, the land itself was valued at $612,700. Improvements to the property, however, were assessed at a total of $359,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Steel
  • Exterior Walls Type: Concrete block
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Business/Commerical Units Count: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 2,400
  • Gross Building Area: 2,400
  • Building Area: 2,400
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: LAKE FOREST CREST
  • Land Acres: 0.33
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: LAKE FOREST CREST BLK 000 D-01 WLY 120FT OF LOT 31

Ownership

  • Current Owner : SHIN KEVIN
  • Current Owner 2: SHIN CHRISTINE
  • Previous Owner : LEE YOUNG K
  • Previous Owner 2: LEE TAIKI
  • Owner Before Previous Owner: THE SOUTHLAND EMPLOYEES TRUST

Neighborhood

  • School District Name: Edmonds School District
  • School Tax School District: EDMONDS
  • Census Tract: 051100

Zoning

  • Zoning: BC/D

Geography

  • Assessors Map Reference: MB 004893
  • Account Number: 1110745
  • Subdivision Tract Number: 31
  • Parcel: 004893-000-031-01
  • Block: 000 D
  • Lot: 31
  • Meridian: SEC 33TWN 27RNG 04
  • Municipality: MOUNTLAKE TERR
  • Latitude: 47.7778
  • Longitude: -122.308

    Address

  • Full Address: 24325 56th Ave W
  • Address - House Number: 24325
  • Street Segment Direction: W
  • Address - Street Name: 56th
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Mountlake Terrace
  • Carrier Code: C006
  • 4-Digit Zip Code: 5507
  • Zip Code: 98043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,130
  • Tax Rate Code Area: 00610

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $331,041
  • First Open Lien Mortgage Lender: CITY BANK
  • First Open Lien Mortgage Recording Date: Jan 04, 2008
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $331,041
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $972,600
  • Market Land Value: $612,700
  • Market Improvement Value: $359,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $972,600
  • Assessed Land Value: $612,700
  • Assessed Improvements Value: $359,900

    Sales

  • Current Sale Contract Date: Apr 17, 2001
  • Current Sale Recording Date: Apr 19, 2001
  • Current Sale Transaction ID: 1053732738
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200104190709
  • Previous Sale Recording Date: Jul 02, 1996
  • Previous Sale Contract Date: Jun 25, 1996
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITY BANK
  • First Mortgage Transaction Date: Apr 19, 2001
  • First Mortgage Loan Amount: $386,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Mount Lake Terrace



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 24325 56th Avenue West located in?
The 24325 56th Avenue West is a located in the neighborhood of Gateway in Mount Lake Terrace, Mountlake Terrace.
How many listings are currently for sale in 24325 56th Avenue West?
There is a listing currently on the market for sale.
What is the average sales price for listings in 24325 56th Avenue West?
The average sales price for units in 24325 56th Avenue West is $500,000 currently.

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