Listed by Every Door Real Estate, Bought with RE/MAX Elite
NOT LISTED FOR SALE

318 N Madison St Monroe, WA 98272

Estimated Value: $794,000 - $928,000

3 Beds
2 Baths
2,346 Sq Ft
$366/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $849,999 $362 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,047/month

12 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet
  • Open Space
  • Wood Siding
  • 1-Story Property

About This Home

As of July 2024

Don't miss this great investment and income property located near downtown Monroe. Beautiful duplex featuring 2 bedroom and 1 bathroom units. Both are large units for a total of 2346sqft the lot is a nice open space totaling 5227sqft. This duplex also has a massive 936sqft garage that is also being rented out for 995$ for additional Parking is in the back. Close to schools, shopping, parks & restaurants. Do not disturb tenants

Last Agent to Sell the Property

Indy Basra

Every Door Real Estate License #20110953 Listed on: 06/21/2024

Every Door Real Estate

Co-Listed By

Every Door Real Estate

Every Door Real Estate License #26691

Last Buyer's Agent

Delma Silva

RE/MAX Elite License #24233

RE/MAX Elite

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2255283

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,863

Year Built

  • Built in 1997

Lot Details

  • 5,227 Sq Ft Lot
  • Open Space

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,346 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27060100103300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,863

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1997
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2346
  • Special Features: VirtualTour
  • Cumulative Days on Market: 381

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Open Space
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Snohomish Public Utility
  • SewerCompany: City of Monroe
  • WaterCompany: City of Monroe
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Monroe
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 27060100103300
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 15.16
  • LeasedItems: None
  • TotalMonthlyIncome: 4670

Multi Family

  • Gross Scheduled Income: 56040
  • Net Operating Income: 49310
  • Number Of Units Total: 3
  • Insurance Expense: 1867.09
  • Leasable Area: 3282
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 1
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4863

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jul 18, 2024
Sold by
Dimension Townhouses Llc
Bought by
Jimenez Jose F Granados and Garcia-Martinez Yesica
Seller's Agent
Indy Basra
Every Door Real Estate
Buyer's Agent
Delma Silva
RE/MAX Elite
List Price
$849,999
Sold Price
$849,999
Views
13
Current Estimated Value
$858,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,586
Avg. Annual Appreciation
0.90%
Original Mortgage
$829,693
Outstanding Balance
$823,998
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$34,587

Purchase Details

Closed on
May 9, 2017
Sold by
Heen Terry L and Heen Rodney M
Bought by
Dimension Townhouses Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,116
Interest Rate
4.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 5, 2017
Sold by
Eastside Funding Llc
Bought by
Dimension Townhouses Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,116
Interest Rate
4.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 19, 2012
Sold by
Heen Rodney M
Bought by
Heen Terry
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jimenez Jose F Granados $844,999 Stewart Title
Dimension Townhouses Llc $239,119 None Available
Dimension Townhouses Llc -- None Available
Heen Terry $52,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Jose F Granados $829,693
Previous Owner Dimension Townhouses Llc $277,000
Previous Owner Dimension Townhouses Llc $246,116
Previous Owner Heen Terry L $100,000
Previous Owner Heen Terry L $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $849,999 0.0% $362 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $849,999 -- $362 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,863 $602,000 $273,000 $329,000
2024 $4,863 $602,000 $268,000 $334,000
2023 $4,483 $602,000 $268,000 $334,000
2022 $4,192 $449,000 $186,600 $262,400
2020 $3,293 $340,000 $145,900 $194,100
2019 $3,101 $316,000 $123,500 $192,500
2018 $3,642 $304,000 $105,500 $198,500
2017 $3,229 $282,000 $96,000 $186,000
2016 $3,210 $258,000 $82,000 $176,000
2015 $3,253 $246,000 $79,000 $167,000
2013 $3,557 $246,000 $79,000 $167,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2255283

Northwest Multiple Listing Service (NWMLS)

APN: 270601-001-033-00