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7521 242nd Place Southwest

7521 242nd Place Southwest, Edmonds, WA 98026
Property in Lake Ballinger
Sold Aug 17, 2000
$246,500
$246,500 by World Svgs Bank Fsb
Mortgage Due Sep 04, 2030
Sold Oct 01, 1993
$178,000
$142,400 by United S L Bank
Mortgage Due Oct 01, 2023
7521 242nd Place Southwest in Edmonds, WA was first built in 1974 and is 50 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a tri-level style. There are a total of 3 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 7521 242nd Place Southwest has 2,082 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,276 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 575 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7521 242nd Place Southwest sold most recently in Aug 16, 2000 for a total of $246,500. If you work out the math, that's approximately a cost of $92.77 per sqft. Before that, the property was also sold for $178,000 in Sep 24, 1993. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,518 in taxes each year. 7521 242nd Place Southwest was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $754,400. If we break it down further, the land itself was valued at $487,600. Improvements to the property, however, were assessed at a total of $266,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Tri-level
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Business/Commerical Units Count: 2
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 575
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,657
  • Gross Building Area: 2,657
  • Building Area: 2,082
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,082
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BALLINGER SHORES
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BALLINGER SHORES BLK 000 D-00 - LOT 2 SUBJ ESE TO PUD & GEN TEL

Ownership

  • Current Owner : PARK CHONG O
  • Previous Owner : PAK TONG IL
  • Previous Owner 2: PAK TO KUM
  • Owner Before Previous Owner: DOUGHTY JAMES I
  • Owner Before Previous Owner 2: DOUGHTY BARBARA K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Edmonds School District
  • School Tax School District: EDMONDS
  • Census Tract: 050900

Zoning

  • Zoning: RS-8

Geography

  • Account Number: 1162630
  • Parcel: 006344-000-002-00
  • Block: 000 D
  • Lot: 2
  • Meridian: SEC 32TWN 27RNG 04
  • Municipality: EDMONDS
  • Latitude: 47.7797
  • Longitude: -122.335

    Address

  • Full Address: 7521 242nd Pl Sw
  • Address - House Number: 7521
  • Street Segment Direction: SW
  • Address - Street Name: 242nd
  • Address - Suffix Type: Pl
  • State: WA
  • City Name: Edmonds
  • Carrier Code: C041
  • 4-Digit Zip Code: 8539
  • Zip Code: 98026

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,518
  • Tax Rate Code Area: 00217

    Appraisal Valuation

  • Standard Deviation: 0.1608
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 863,241
  • High Value: 1,002,062
  • Low Value: 724,420

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $246,500
  • First Open Lien Mortgage Lender: WORLD SVGS BANK FSB
  • First Open Lien Mortgage Recording Date: Aug 17, 2000
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $246,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone First
  • First Open Lien Mortgage Loan Due Date: Sep 04, 2030

    Market Valuation

  • Market Total Value: $754,400
  • Market Land Value: $487,600
  • Market Improvement Value: $266,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $754,400
  • Assessed Land Value: $487,600
  • Assessed Improvements Value: $266,800

    Sales

  • Current Sale Contract Date: Aug 16, 2000
  • Current Sale Recording Date: Aug 17, 2000
  • Current Sale Transaction ID: 1093764617
  • Current Sale Price: $246,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200008170607
  • Previous Sale Recording Date: Oct 01, 1993
  • Previous Sale Contract Date: Sep 24, 1993
  • Previous Sale Amount: $178,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WORLD SVGS BANK FSB
  • First Mortgage Transaction Date: Aug 17, 2000
  • First Mortgage Loan Amount: $246,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone First
  • First Mortgage Loan Due Date: Sep 04, 2030

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: UNITED S L BANK
  • Previous Mortgage Transaction Date: Oct 01, 1993
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $142,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Oct 01, 2023

About Mount Lake Terrace



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Frequently Asked Questions

What neighborhood is 7521 242nd Place Southwest located in?
The 7521 242nd Place Southwest is a located in the neighborhood of Lake Ballinger in Mount Lake Terrace, Edmonds.
What is the average sales price for listings in 7521 242nd Place Southwest?
The average sales price for units in 7521 242nd Place Southwest is $0 currently.

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