Community Discovery – Mountlake Terrace

Mountlake Terrace is a community with an interesting history. Previously known as “Alderwood Manor”, this area was first settled at the turn of the century when the logging industries flourished.

Subsequently the land was platted into “ranches” for the growing of mink, chinchillas and poultry. The residential community of Mountlake Terrace began with the speculative construction of homes for returning WWII veterans and their young families. Within 10 years the population had grown to 5,000 and a group of civic minded residents took steps to create a municipal government. At once the citizens set to work building a full range of its growing population. The community boasts the Ballinger Park Municipal Golf Course at Lake Ballinger, a recreation pavilion and pool; 12 parks with ball fields, tennis courts, and picnic sites.

Walk Score

Real Estate Market Stats

Zillow Home Value Index: $395,000

Home Size in Square Feet

Year Built

Local National
Zillow Home Value Index $395,000 $202,700
Median Single Family Home Value $415,500 $200,300
Median Condo Value $259,300 $218,100
Median 2-Bedroom Home Value $331,300 $158,700
Median 3-Bedroom Home Value $407,200 $196,300
Median 4-Bedroom Home Value $488,700 $320,000
Percent Homes Decreasing 0.3% 17.9%
Median List Price Per Sq Ft $276 $128
Median Sale Price $353,900 $225,300
Property Tax $2,449 $2,147
Turnover (Sold Within Last Yr.) 5.4% 2.9%
1-Yr. Change 13.6% 6.9%