Listed by John L. Scott Woodinville, Bought with Keller Williams Rlty Bellevue
NOT LISTED FOR SALE

633 635 Smith St Monroe, WA 98272

Monroe Area

Estimated Value: $1,150,923 - $1,211,000

6 Beds
4 Baths
4,024 Sq Ft
$291/Sq Ft Est. Value

Highlights

  • Deck
  • No HOA
  • Forced Air Heating System
  • Secluded Lot
  • Ceramic Tile Flooring
  • Partially Fenced Property

About This Home

Investment opportunity in Historic Downtown Monroe! This well-built, generously sized duplex feature 3 & 4 bedroom floor plans with a well-thought-out great room concept, complete with island kitchens. The primary suites w/ ensuite & walk-in-closets. Each unit has attached 2-car garage w/ additional storage room, along with additional off-street/RV parking, making these townhomes desirable for the rental market. A track record of long-term tenants w current rents below market rates, this property presents an enticing prospect for investors looking for stability and growth. Potential for increased returns with new leases, as market rents achieve a 5+% CAP RATE (currently at 4.4%). A fantastic turnkey addition to any real estate portfolio!

Last Agent to Sell the Property

Dave Anderson

John L. Scott Woodinville License #21026225 Listed on: 01/04/2024

John L. Scott Woodinville

Last Buyer's Agent

Kelsey Bellin

Keller Williams Rlty Bellevue License #108659

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2187688

Northwest Multiple Listing Service (NWMLS)

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,238

Year Built

  • Built in 2008

Lot Details

  • 5,227 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 4,024 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Covered Spaces
  • Open Parking

Schools

  • Frank Wagner Elementary School
  • Park Place Middle Sc
  • Monroe High School

Additional Features

  • Deck
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27060100420100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,238

Year Built

Built in 2008

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2008
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Duplex
  • CalculatedSquareFootage: 4024
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Snohomish Co PUD
  • SewerCompany: Highland Water District
  • WaterCompany: Highland Water District

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Monroe
  • High School: Monroe High
  • Middle Or Junior School: Park Place Middle Sc

Lot Info

  • Parcel Number: 27060100420100
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 19.89
  • LeasedItems: None
  • TotalMonthlyIncome: 5400

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7238

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Frank Wagner Elem

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Mar 6, 2024
Sold by
Conklin Cheryl
Bought by
Seller's Agent
Dave Anderson
John L. Scott Woodinville
Buyer's Agent
Kelsey Bellin
Keller Williams Rlty Bellevue
List Price
$1,288,000
Sold Price
$1,240,500
Premium/Discount to List
-$47,500
-3.69%
Views
23
Current Estimated Value
$1,148,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92,042
Avg. Annual Appreciation
-2.25%
Original Mortgage
$100,000
Outstanding Balance
$97,353
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$1,073,621

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 22, 2024
Sold by
Campbell Cristofer S
Bought by
Conklin Cheryl
Seller's Agent
Dave Anderson
John L. Scott Woodinville
Buyer's Agent
Kelsey Bellin
Keller Williams Rlty Bellevue
List Price
$1,288,000
Sold Price
$1,240,500
Premium/Discount to List
-$47,500
-3.69%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$97,353
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$1,073,621
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Monroe, WA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$313 None Listed On Document
Conklin Cheryl $1,240,500 Wfg National Title Company Of
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $100,000
Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,765 $1,248,000 $315,800 $932,200
2025 $7,852 $1,166,000 $275,800 $890,200
2024 $7,852 $972,000 $269,500 $702,500
2023 $7,238 $972,000 $266,800 $705,200
2022 $6,769 $725,000 $182,400 $542,600
2020 $5,657 $584,000 $151,400 $432,600
2019 $5,123 $522,000 $123,500 $398,500
2018 $5,774 $482,000 $105,500 $376,500
2017 $5,061 $442,000 $96,000 $346,000
2016 $5,002 $402,000 $82,000 $320,000
2015 $4,787 $362,000 $79,000 $283,000
2013 $5,234 $362,000 $79,000 $283,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2187688

Northwest Multiple Listing Service (NWMLS)

APN: 270601-004-201-00

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