Active

Listed by: eXp Realty

$685,000

13448 SE Elk Ridge Road, Monroe, WA 98272

4beds

1,855sqft

Est.:

Single Family Residence

Built in 1997

4,356 Square Feet Lot

$692,000 Zestimate^®

$369/sqft

$51/mo HOA

What's special

Exceptional opportunity in a highly desirable Monroe location! This income-producing property offers immediate rental potential and strong long-term upside at an attractive price point, perfect for both investors and savvy buyers looking to build equity. Positioned on a generous lot backing the park, this home presents a rare chance to secure a property in a growing area where demand continues to rise. Whether you’re looking to expand your portfolio, offset your mortgage with rental income, or customize a home to your vision, the possibilities here are significant. Currently tenant-occupied, offering built-in income and flexibility for future improvements. Opportunities like this—combining location, value, and potential—are increasingly hard to find in today’s market. Conveniently located near amenities, schools, and commuter routes, making it appealing for both tenants and future resale. Smart investment. Strong upside. Don’t miss it.

8 hours

210

5

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 1
3/4 bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Second

Bedroom

Level: Second

Bedroom

Level: Second

Bedroom

Level: Second

Bathroom full

Level: Second

Bathroom three quarter

Level: Second

Other

Level: Main

Dining room

Level: Main

Entry hall

Level: Main

Family room

Level: Main

Kitchen with eating space

Level: Main

Living room

Level: Main

Heating

Fireplace, Forced Air, Electric, Natural Gas

Cooling

Forced Air

Appliances

Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s), Water Heater Location: Garage

Features

Dining Room
Flooring: Vinyl, Carpet
Windows: Dbl Pane/Storm Window
Basement: None
Number of fireplaces: 1
Fireplace features: Electric, Main Level: 1, Fireplace

Interior area

Total structure area: 1,855
Total interior livable area: 1,855 sqft

Property

Parking

Total spaces: 2
Parking features: Attached Garage
Has attached garage: Yes
Covered spaces: 2

Features

Levels: Two
Stories: 2
Entry location: Main
Patio & porch: Dbl Pane/Storm Window, Dining Room, Fireplace, Vaulted Ceiling(s)

Lot

Size: 4,356 Square Feet
Dimensions: 4356
Features: Corner Lot, Paved, Sidewalk, Fenced-Fully, Gas Available
Topography: Terraces

Details

Parcel number: 00863100004100
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

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

Condition

Good
Year built: 1997
Major remodel year: 1997

Utilities & green energy

Electric: Company: Snohomish PUD
Sewer: Available, Company: City of Monroe
Water: Public, Company: City of Monroe

Community & HOA

Community

Features: CCRs
Subdivision: Foothills

HOA

Services included: Road Maintenance
HOA fee: $618 annually
HOA phone: 844-281-1728

Location

Region: Monroe

Financial & listing details

Price per square foot: $369/sqft
Tax assessed value: $602,600
Annual tax amount: $4,890
Date on market: 3/24/2026
Cumulative days on market: 1 day
Listing terms: Conventional
Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Total actual rent: 3610

Estimated market value

$692,000

$657,000 - $727,000

$3,161/mo

Price history

Date	Event	Price
3/26/2026	Listed for sale	$685,000+10.5%$369/sqft
Source: NWMLS as distributed by MLS GRID #2489845 Report a problem
11/17/2021	Sold	$620,000+103.3%$334/sqft
Source: Public Record Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
8/24/2018	Listing removed	$2,500$1/sqft
Source: Owner Report a problem
8/2/2018	Listed for rent	$2,500$1/sqft
Source: Owner Report a problem
4/15/2015	Sold	$305,000$164/sqft
Source: NWMLS as distributed by MLS GRID #757751 Report a problem
3/19/2015	Listed for sale	$305,000+27.1%$164/sqft
Source: Skyline Properties Inc #757751 Report a problem
9/26/2003	Sold	$239,900+11.6%$129/sqft
Source: NWMLS as distributed by MLS GRID #23096690 Report a problem
9/8/1999	Sold	$215,000+21.2%$116/sqft
Source: Public Record Report a problem
10/30/1997	Sold	$177,450$96/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,890 +5.3%	$602,600 +5%
2023	$4,645 +1.6%	$573,800 -6.4%
2022	$4,573 +8.5%	$612,800 +36.1%
2021	$4,213 +8%	$450,400 +9.6%
2020	$3,901 +1.2%	$410,900 +3.5%
2019	$3,855	$397,100 +5.8%
2018	--	$375,400 +21.5%
2017	$4,117 +17.7%	$308,900 +8.1%
2016	$3,498	$285,800 +8.2%
2015	$3,498 +19.2%	$264,100 +30.4%
2013	$2,934	$202,600
2012	--	--
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2002	--	--
2001	$2,280	$180,400

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$3,954/mo

Principal & interest

$3463

Property taxes

$440

HOA Fees

$51

More affordability tools

Climate risks

Neighborhood: 98272

Getting around

32 / 100

Car-Dependent

48 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Chain Lake Elementary School
Grades: PK-5Distance: 2 mi
5/10
Park Place Middle School
Grades: 6-8Distance: 1.9 mi
5/10
Monroe High School
Grades: 9-12Distance: 2.1 mi

Schools provided by the listing agent

Elementary: Chain Lake Elem
Middle: Park Place Middle Sc
High: Monroe High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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