Listed by The Foundation Group LLC, Bought with Toll Brothers Real Estate, Inc
NOT LISTED FOR SALE

600 W Elizabeth St Monroe, WA 98272

Estimated Value: $1,094,000 - $1,222,000

8 Beds
4 Baths
3,740 Sq Ft
$311/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $987,000 $264 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,863/month

5 Days on Market

Highlights

  • 0.37 Acre Lot
  • Thermal Windows
  • 1-Story Property
  • Wood Flooring
  • Wood Siding

About This Home

As of August 2021

Well-maintained value-add 4-unit in excellent condition listed at 5.23% cap rate with upside - trending to 7% +. Large and open units in heart of Monroe with 6 carport spaces and in-unit W/D + dishwasher. Two units fully renovated and remaining two units have long-term tenants in place. Three out of the four units are month-to-month. See supplements for list of major improvements.

Last Agent to Sell the Property

Ethan Szmania

The Foundation Group LLC License #125178 Listed on: 06/23/2021

Co-Listed By

Matthew Miller

The Foundation Group LLC License #138877

Last Buyer's Agent

Jeff Pearson

Toll Brothers Real Estate, Inc License #50018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1796450

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,034

Year Built

  • Built in 1967

Lot Details

  • 0.37 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,740 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Laminate

Community Details

  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00604600001200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,034

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3740
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Hardwood, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 6740

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Monroe

Lot Info

  • Parcel Number: 00604600001200
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16117
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5085

Multi Family

  • Gross Scheduled Income: 61020
  • Net Operating Income: 47121
  • Number Of Units Total: 4
  • Insurance Expense: 1125
  • Leasable Area: 3740
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 2, 2021
Sold by
Herron James W and Herron Kristeen L
Bought by
Ravenna Holdings Monroe Llc
Seller's Agent
Ethan Szmania
The Foundation Group LLC
Buyer's Agent
Jeff Pearson
Toll Brothers Real Estate, Inc
List Price
$900,000
Sold Price
$987,000
Premium/Discount to List
$87,000
9.67%
Current Estimated Value
$1,164,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,123
Avg. Annual Appreciation
4.55%

Purchase Details

Closed on
Apr 18, 2005
Sold by
Rollins Thomas F and Rollins Lou Ann
Bought by
Herron James W and Herron Kristeen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
5.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Ravenna Holdings Monroe Llc $987,000 Fidelity National Title
Herron James W $369,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herron James W $358,100
Previous Owner Herron James W $364,000
Previous Owner Herron James W $295,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2021 08/05/21 Sold $987,000 +9.7% $264 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $900,000 -- $241 / 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 $7,927 $980,000 $409,900 $570,100
2024 $7,927 $980,000 $403,400 $576,600
2023 $7,307 $980,000 $394,200 $585,800
2022 $6,711 $718,000 $275,100 $442,900
2020 $5,258 $542,000 $207,800 $334,200
2019 $4,953 $504,000 $161,000 $343,000
2018 $4,918 $410,000 $155,000 $255,000
2017 $4,288 $374,000 $141,000 $233,000
2016 $4,410 $354,000 $134,000 $220,000
2015 $4,210 $318,000 $128,500 $189,500
2013 $4,053 $280,000 $128,500 $151,500
Source: Public Records

Agents Affiliated with this Home

  • Ethan Szmania

    Seller's Agent in 2021

    Ethan Szmania

    The Foundation Group LLC

    (206) 774-5419

    1 in this area

    31 Total Sales

    Ethan Szmania
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Matthew Miller

    The Foundation Group LLC

  • Jeff Pearson

    Buyer's Agent in 2021

    Jeff Pearson

    Toll Brothers Real Estate, Inc

    (206) 940-6475

    3 in this area

    78 Total Sales

    Jeff Pearson
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1796450

Northwest Multiple Listing Service (NWMLS)

APN: 006046-000-012-00

Washington Snohomish County Monroe 98272

600 W Elizabeth St, Monroe, WA

This home is located at 600 W Elizabeth St, Monroe, WA 98272 since 23 June 2021 and is currently estimated at $1,164,123, approximately $311 per square foot. This property was built in 1967. 600 W Elizabeth St is a home located in Snohomish County with nearby schools including Frank Wagner Elementary School, Monroe High School, and Monroe Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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