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Listed by: Shiloh Street • Kevin Shaw

$665,000

4404 229th Place SW, Mountlake Terrace, WA 98043

3beds

1,404sqft

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Single Family Residence

Built in 1962

7,840 Square Feet Lot

$649,100 Zestimate^®

$474/sqft

$-- HOA

What's special

Functional single-level layoutFully fenced backyardForced air heating

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.

80 days

1,700

74

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 2
Main level bedrooms: 3

Primary bedroom

Level: Main

Bedroom

Level: Main

Bedroom

Level: Main

Bathroom full

Level: Main

Other

Level: Main

Entry hall

Level: Main

Kitchen without eating space

Level: Main

Living room

Level: Main

Utility room

Level: Main

Heating

Forced Air, Natural Gas

Cooling

None

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

Features

Bath Off Primary
Flooring: Laminate, Vinyl, Carpet
Basement: None
Has fireplace: No

Interior area

Total structure area: 1,404
Total interior livable area: 1,404 sqft

Property

Parking

Total spaces: 4
Parking features: Driveway, Off Street
Uncovered spaces: 4

Features

Levels: One
Stories: 1
Entry location: Main
Patio & porch: Bath Off Primary, Water Heater

Lot

Size: 7,840 Square Feet
Features: Curbs, Sidewalk, Cable TV, Fenced-Fully, High Speed Internet, Patio
Topography: Level

Details

Parcel number: 00616300001200
Zoning: RS7200
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: 1 Story
Property subtype: Single Family Residence

Materials

Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1962

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & HOA

Community

Subdivision: Mountlake Terrace

Location

Region: Mountlake Terrace

Financial & listing details

Price per square foot: $474/sqft
Tax assessed value: $588,000
Annual tax amount: $5,403
Date on market: 4/16/2026
Cumulative days on market: 81 days
Listing terms: Conventional,FHA
Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Total actual rent: 2210

Estimated market value

$649,100

$617,000 - $682,000

$3,273/mo

Price history

Date	Event	Price
4/17/2026	Listed for sale	$665,000+366.7%$474/sqft
Source: NWMLS as distributed by MLS GRID #2508899 Report a problem
12/15/1995	Sold	$142,500$101/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,749 -1.9%	$588,000 -2.1%
2023	$4,838 +16.7%	$600,900 -2.6%
2022	$4,148 +2%	$616,800 +32%
2021	$4,066 +14.9%	$467,300 +14.4%
2020	$3,538 -7.8%	$408,500 +5%
2019	$3,839	$389,100 +15.1%
2018	--	$338,100 +36.6%
2017	$3,226 +46.8%	$247,500 +11.6%
2016	$2,197	$221,700 +10.7%
2015	$2,197 -1%	$200,200 +4.3%
2013	$2,220	$192,000
2012	--	--
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2002	--	--
2001	$1,938 -0.5%	$147,200
2000	$1,948	$147,200

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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