550 Elm Way
Edmonds, WA 98020
1 bd 1 ba 630 sqft Built 1964 condos
Most recent sale
$312,000
May 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 10, 2022 | Sold | $312,000 | MLS #1916328 |
| Apr 15, 2022 | Listed | $300,000 | MLS #1916328 |
| Sep 6, 1996 | Sold | $114,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $202,100 | $149,000 | $351,100 | $3,447 |
| 2025 | $202,100 | $149,000 | $351,100 | $2,502 |
| 2024 | $201,600 | $149,000 | $350,600 | $2,629 |
| 2023 | $169,900 | $135,000 | $304,900 | $2,417 |
| 2022 | $182,900 | $135,000 | $317,900 | $2,554 |
| 2021 | $182,900 | $135,000 | $317,900 | $2,635 |
| 2020 | $109,500 | $135,000 | $244,500 | $2,291 |
| 2019 | $79,600 | $135,000 | $214,600 | $1,996 |
| 2018 | $90,700 | $135,000 | $225,700 | $2,427 |
| 2017 | $118,000 | $58,000 | $176,000 | $1,809 |
| 2016 | $105,500 | $46,500 | $152,000 | $1,578 |
| 2015 | $108,500 | $43,000 | $151,500 | $1,670 |
| 2014 | $78,000 | $43,000 | $121,000 | $1,349 |
| 2013 | $85,500 | $56,500 | $142,000 | $1,660 |
| 2012 | $93,000 | $56,500 | $149,500 | $1,666 |
| 2011 | $109,500 | $66,500 | $176,000 | $1,774 |
| 2010 | $129,000 | $77,000 | $206,000 | $1,828 |
| 2009 | $143,500 | $85,500 | $229,000 | $1,876 |
| 2008 | $135,700 | $78,300 | $214,000 | $1,712 |
Property facts
Year built
1964
Property type
condos
Stories
—
Beds
1
Baths
1
Living area
630 sqft
Lot size
—
ZIP code
98020
City
Edmonds
Street
Elm Way
Coordinates
47.80010, -122.37680
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,449
Gross rental yield
5.57%
Implied cap rate
3.62%
Trend-extrapolated value
—
Frequently asked questions
When did 550 Elm Way last sell?
550 Elm Way most recently sold on May 10, 2022 for $312,000.
What is the current tax assessment for 550 Elm Way?
The most recent total assessment for 550 Elm Way (year 2026) is $351,100 with $3,447 in property tax.
How does 550 Elm Way's assessment compare to its last sale price?
The current assessment is 12.5% above the last sale price of $312,000.
When was 550 Elm Way built?
550 Elm Way was built in 1964.
How does 550 Elm Way compare to others on Elm Way?
We track 8 other properties on Elm Way. Browse the list under "Other properties on Elm Way" to compare beds, baths, and sale history.
What are the property facts for 550 Elm Way?
550 Elm Way is a 1 bed, 1 bath, 630 sqft condos.
Is 550 Elm Way a flip candidate?
No — 550 Elm Way does not appear in our flips dataset.
Is 550 Elm Way a tax-appeal candidate?
No — 550 Elm Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.2%
Implied 1-yr
+12.8%
2026 Q3
$1.51M
2026 Q4
$1.55M
ZIP 98020 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Elm Way