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Property profile & analytics
OFF-MARKET
Assisted living facilities
24321 54th W Ave, Mountlake Terrace, WA 98043-5516
Individually Owned
26-yr Hold
Property ID
US90-0745025
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1992
Construction
WOOD
Total area
2,905 SF
Lot
0.17 ac (7,405 SF)
Zoning code
PA
APN
489300001106
UPID
US90-0745025
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Yemane K Araya · 26 yrs held
Yemane K Araya
since 2000
7 recorded transactions
Zoning & alternative use
PA · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mountlake Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountlake Terrace submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,061
Tax year 2023
Assessed value
$707,400
Assessed 2023
Previous assessed
$625,900
+13.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$377,700
Assessed improvement
$329,700
Land market value
$377,700
Improvement market value
$329,700
Total market value
$707,400
Applied tax rate
610.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
BASEBOARD
Cooling
NONE
Stories
1
Rooms
8
Bathrooms
2
Total area
2,905 SF
Lot
0.17 ac (7,405 SF)
Zoning code
PA
APN
489300001106
UPID
US90-0745025
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PA · Mountlake Terrace, WA
Zoning PA · permitted uses
PA · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountlake Terrace. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Yemane K Araya
Individual
Mailing address
24321 54TH AVE W, MOUNTLAKE TERRACE, WA 98043-5516
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2019
—
Yemane K Araya
—
Deed
related
$180,775 · Us Bank NA
Jan 14, 2000
$177,000
Yemane K Araya
Chong,kwang I & Sook J
Grant Deed
$174,964 · Western Sunrise Mortgage Corp
May 26, 1995
$134,000
—
Hud
Grant Deed
related
$122,239 · Ctx Mortgage Co
—
—
Kwang I Chong
—
Deed Of Trust
related
$123,400 · Lynnwood Mortgage Corp
—
—
Yemane K Araya
—
Deed Of Trust
related
$177,066 · Network Mortgage
—
—
Yemane K Araya
—
Deed Of Trust
related
$30,000 · Washington Mutual Fsb
—
—
Yemane K Araya
—
Deed Of Trust
related
$175,500 · Washington Mutual Fsb
—
—
Yemane K Araya
—
Deed Of Trust
related
$213,750 · More2lend Financial
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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