13448 SE Elk Ridge Road, Monroe, WA, 98272
About This Home
Investors Opportunity!! 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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1997
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding,Wood Products
Notable Dates
- Major remodel year: 1997
Type & Style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s),Water Heater Location: Garage
Basement
- Basement: None
Bathroom Three Quarter
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Features
- Dining Room
- Window features: Dbl Pane/Storm Window
- Flooring: Vinyl,Carpet
- Number of fireplaces: 1
- Fireplace features: Electric,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Forced Air,Electric,Natural Gas
- Cooling features: Forced Air
Interior Area
- Total structure area: 1,855
- Total interior livable area: 1,855 sqft
Other
- Level: Main
Property
Details
- Parcel number: 00863100004100
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Dbl Pane/Storm Window,Dining Room,Fireplace,Vaulted Ceiling(s)
- Topography of land: Terraces
Lot
- Lot size: 4,356 sqft
- Features: Corner Lot,Paved,Sidewalk,Fenced-Fully,Gas Available
- Lot size dimensions: 4356
Parking
- Total spaces: 2
- Parking features: Attached Garage
- Has garage: Yes
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Cold Wave
- Heat Wave
- Ice Storm
- Landslide
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Snohomish County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,438 | $41,256 |
| Home Insurance * | $136 | $1,632 |
| Property Taxes | $442 | $5,304 |
| Electricity | $149 | $1,793 |
| Total | $4,165 | $49,980 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Listed for sale | $685,000 |
| 2021-11-17 | Sold | $620,000 |
| 2021-03-24 | Listing removed | -- |
| 2018-08-24 | Listing removed | $2,500 |
| 2018-08-02 | Listed for rent | $2,500 |
| 2015-04-15 | Sold | $305,000 |
| 2015-03-19 | Listed for sale | $305,000 |
| 2003-09-26 | Sold | $239,900 |
| 1999-09-08 | Sold | $215,000 |
| 1997-10-30 | Sold | $177,450 |
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