Yes, you can still buy a house in a close by Seattle suburb for under $300,000 - Mountlake Terrace is a North Seattle Suburb and it is easily accessed by Seattle workers. 

A fully updated 2 bedroom and 1 bath home is listed for $260,000 and it has a large lot.  Mountlake Terrace is a good buy and I suspect it won't last as soon as the transit center is completed in 2009.  In addition, Mountlake Terrace has a full plan to be an urban center and redevelop the city into something that is going to shoot the values of real estate right up.

The schools are in the Edmonds School District and houses readily available around various schools.

Check out the Seattle suburb schools.

Look at prices and search for homes in these Seattle suburbs.

Courtney Cooper ....For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Broker and Realtor serving North King & South Snohomish County - Experienced and with a background in accounting - I love my clients and work hard for them! Call me if you are looking for a home or investment property in Seattle, Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs!