4404 229th Place SW, Mountlake Terrace, WA, 98043
About This Home
Turnkey investment opportunity in a convenient Mountlake Terrace location! This 3-bedroom, 1.5-bath rambler is currently tenant-occupied with a lease in place through 4/1/2027 at $2,210 per month, providing immediate and stable rental income. Situated on a 7,841 sq ft lot, the property offers a functional single-level layout and is in livable condition with excellent potential for future updates and value-add. Interior features include forced air heating and a practical floor plan, while the exterior offers a fully fenced backyard, concrete patio, and plenty of usable outdoor space for added tenant appeal. Ideally located near shopping, dining, parks, and everyday amenities, with convenient access to I-5 and the Mountlake Terrace Transit Center and light rail for easy commuting. Whether you’re looking to expand your rental portfolio or secure a long-term hold with upside potential, this property presents a strong opportunity in a growing and well-connected area.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1962
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding,Wood Products
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Gas,Water Heater Location: East Bedroom Closet
Basement
- Basement: None
Bathroom Full
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Entry Hall
- Level: Main
Features
- Bath Off Primary
- Flooring: Laminate,Vinyl,Carpet
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 1,404
- Total interior livable area: 1,404 sqft
Kitchen Without Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Other
- Level: Main
Utility Room
- Level: Main
Property
Details
- Parcel number: 00616300001200
- Zoning: RS7200
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary,Water Heater
- Topography of land: Level
Lot
- Lot size: 7,840 sqft
- Features: Curbs,Sidewalk,Cable TV,Fenced-Fully,High Speed Internet,Patio
Parking
- Total spaces: 4
- Parking features: Driveway,Off Street
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Ice Storm
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Snohomish County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,362 | $40,344 |
| Home Insurance * | $118 | $1,416 |
| Property Taxes | $429 | $5,148 |
| Electricity | $149 | $1,793 |
| Total | $4,058 | $48,696 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Listed for sale | $665,000 |
| 1995-12-15 | Sold | $142,500 |
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