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Listed by Eric Chase Hedin • Marketplace Sotheby's Intl Rty.
FOR SALE

$719,000

Est. $3,838/mo

Price reduced $76,000 from the original $795,000 asking price

4 bd•2.5 ba•3,473 sq ft

15207 229th Drive Se, Monroe, WA 98272

• Listed Sep 21, 2026•6 days active · 6 cumulative

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Listing Broker: Marketplace Sotheby's Intl Rty; Eric Chase Hedin; 425-870-1498; chase.hedin@marketplacesir.com

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Listing Broker: Marketplace Sotheby's Intl Rty; Eric Chase Hedin; 425-870-1498; chase.hedin@marketplacesir.com

About this home

{INVESTOR SPECIAL | PROTECTED GREENBELT, PERMANENT VIEWS} An exceptional opportunity in Summit Valley, one of Monroe's most established neighborhoods. Elevated above the surrounding community and bordered by protected greenbelt, this 3,473 SF residence offers valley views to both the north and south, with privacy that cannot be developed. Built by Centex in 2008, the two-story plan provides 4 bedrooms, 2.5 baths, and a 3-car attached garage on nearly half an acre. Features include hardwood flooring on the main level, generously proportioned rooms, and a second kitchen well suited to multigenerational living or conversion to main-floor living space. The property requires comprehensive cosmetic renovation, including interior and exterior paint, carpet replacement, hardwood refinishing, drywall and trim repair, interior doors, landscaping, fencing, and deck boards. Offered strictly as-is. Cash, hard money, or renovation financing. Homes in this neighborhood are well maintained and consistently sell. This is the largest floor plan on one of the finest lots available, presenting substantial value-add potential. Monroe provides convenient access to Highway 2 and 522, with Everett and I-5 approximately 20 miles. Stevens Pass is approximately one hour east. Lake Tye, the Evergreen State Fairgrounds, and downtown amenities are nearby. BRING A VISION/DREAM. THE VIEW ALREADY HAS ONE. Buyer to verify all information to their satisfaction.

Property type
Single Family
Year built
2008
Interior
3,473 sq ft
Lot size
0.45 acres
Parking
Attached Garage
Price / sq ft
$207
HeatingForced Air
CoolingNone
Property taxes$7,510/yr (est.)
HOA dues$195/mo
School districtMonroe

Listed by Eric Chase Hedin • Marketplace Sotheby's Intl Rty

Listing updated: September 23, 2026 at 05:20pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2580144

Open houses

No upcoming open houses scheduled for this property.

Around this home

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15207 229th Drive Se, Monroe, WA 98272

List price
$719,000
Down payment
$143,800

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Interior features

  • Second Kitchen
  • Ceiling Fan(s)
  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • Fireplace (Primary Bedroom)
  • French Doors
  • Pantry
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Water Heater
  • Wet Bar
  • 2 fireplaces (gas)
  • None basement

Kitchen

  • Dishwasher
  • Microwave
  • Stove(s)/Range(s)

Bedrooms

  • 4 bedrooms total

Bathrooms

  • 2 full bathrooms
  • 1 half bathroom

Flooring

  • Ceramic Tile
  • Hardwood
  • Carpet

Heating & cooling

  • Forced Air heating
  • None cooling

Neighborhood mobility

Walk, bike & transit scores

Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.

Schools

Ratings via SchoolDigger

Monroe School District

  • Buyer To Verify
    Public · Grades Elementary
    —
  • Buyer To Verify
    Public · Grades Middle
    —
  • Buyer To Verify
    Public · Grades High
    —

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Down payment assistance

6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.

Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.

Mortgage payment forecast

$4,839 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: Marketplace Sotheby's Intl Rty; Eric Chase Hedin; 425-870-1498; chase.hedin@marketplacesir.com

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Market pulse

Monroe is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market
  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 68 days.

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Market data from MLS GRID / NWMLS · Updated Sep 2026

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of September 23, 2026 at 05:20pm (date and time MLS GRID Data was obtained). 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 courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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