The specified location denotes a physical address situated in Monroe, Washington. It is a specific point within the Sky River Parkway area of the city, likely referring to a residence, business, or other type of establishment. The alphanumeric string functions as a unique identifier for postal services, delivery services, and emergency responders to pinpoint the intended destination.
Precise location details are essential for effective navigation, resource allocation, and service provision. Such information enables efficient delivery of goods and services, allows for timely responses during emergencies, and facilitates accurate record-keeping for governmental and commercial activities. Understanding the layout of addresses within a community contributes to the overall functionality and organization of the area.
The following discussion delves into the context surrounding properties in this area, exploring factors that might influence their valuation and community characteristics.
1. Physical Location
The physical location of 413 Sky River Parkway, Monroe, WA, fundamentally defines its inherent characteristics and potential. It’s not simply a point on a map, but a convergence of geographic, environmental, and infrastructural attributes that significantly impact its value and utility.
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Geographic Coordinates and Topography
The precise latitude and longitude determine the address’s place within the regional climate zone, daylight hours, and solar exposure. The topography, whether flat, sloped, or elevated, influences drainage patterns, construction feasibility, and potential for views. These elements contribute to microclimates affecting landscaping viability and building design considerations.
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Proximity to Natural Resources
The property’s closeness to the Skykomish River, the Cascade Mountains, and local parks affects its recreational opportunities and potential exposure to natural hazards, such as flooding or landslides. The availability of natural light, clean air, and scenic views also contribute to the overall desirability and perceived value.
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Surrounding Land Use and Zoning
The immediate area surrounding 413 Sky River Parkway, Monroe, WA impacts its privacy, noise levels, and potential for future development. Adjacent commercial zones might bring traffic and noise, while residential zones offer quieter environments. Zoning regulations determine allowable building heights, setbacks, and usage types, influencing future construction and property improvements.
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Transportation Infrastructure and Accessibility
The availability of roads, highways, and public transportation options directly affect the ease of access to 413 Sky River Parkway, Monroe, WA. Proximity to major transportation arteries facilitates commuting and delivery of goods and services. Access to utilities like water, sewer, and electricity are also critical components that determine the location’s habitability and economic viability.
In summary, the physical location of 413 Sky River Parkway, Monroe, WA, is a complex interplay of geographical factors, natural resources, surrounding land use, and infrastructure. These elements interact to create a unique set of conditions that fundamentally shape the property’s characteristics, value, and potential use.
2. Property Value
The property value associated with 413 Sky River Parkway, Monroe, WA, is a multifaceted metric influenced by a constellation of interconnected factors. It is not a static figure, but rather a dynamic assessment reflecting the perceived worth of the real estate within a specific market and influenced by both intrinsic and extrinsic conditions. The address serves as a focal point for evaluating aspects such as square footage, construction quality, and lot size, all of which contribute directly to the overall valuation. Local economic conditions, interest rates, and comparable sales within the Sky River Parkway vicinity also exert considerable influence. For instance, a surge in local employment opportunities can drive demand for housing, thereby increasing property values. Conversely, economic downturns can have a detrimental impact, leading to price stagnation or decline. Proximity to amenities, such as schools, parks, and shopping centers, also positively correlates with increased property value.
Furthermore, the specific characteristics of the property itself, including upgrades, renovations, and overall maintenance, play a critical role. A well-maintained property with modern amenities typically commands a higher price than a comparable property in disrepair. Environmental factors, such as noise pollution or proximity to industrial areas, can negatively impact property value. The appraisal process involves a comprehensive assessment of these elements, typically incorporating comparable sales data from the local market to determine a fair market value. Real estate professionals consider these factors to provide accurate assessments for potential buyers and sellers. The presence of community amenities and infrastructure adds to the overall desirability of the location, often impacting the value.
In summation, the property value assigned to 413 Sky River Parkway, Monroe, WA, is a complex calculation derived from both the intrinsic characteristics of the physical property and the extrinsic forces of the surrounding market. Understanding these drivers is crucial for both prospective buyers and sellers seeking to make informed decisions in the real estate market. Fluctuations in market trends necessitate ongoing monitoring to ensure accurate valuation and sound investment strategies. Such monitoring informs both short-term tactical actions and longer-term strategic planning related to property management and investment.
3. Local Community
The local community surrounding 413 Sky River Parkway, Monroe, WA, constitutes a significant contextual element that influences the area’s character, desirability, and ultimately, property values. Its impact is multifaceted, encompassing demographics, social dynamics, access to amenities, and civic engagement.
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Demographics and Social Fabric
The demographic composition of the local community, including age distribution, household income, and educational attainment, shapes the overall social environment. Diversity, or lack thereof, influences cultural richness and the potential for social cohesion. Understanding the community’s social fabric provides insight into its values, priorities, and overall quality of life. The prevailing social norms and the level of community engagement can profoundly impact the appeal of 413 Sky River Parkway, Monroe, WA.
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Access to Amenities and Services
Proximity to essential amenities and services, such as schools, healthcare facilities, grocery stores, and recreational spaces, significantly impacts the livability of the area. The quality of local schools is a crucial consideration for families, while access to healthcare is vital for residents of all ages. Parks, community centers, and libraries contribute to a sense of community and provide opportunities for social interaction. The availability and quality of these resources directly influence the attractiveness of 413 Sky River Parkway, Monroe, WA.
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Local Economy and Employment Opportunities
The strength of the local economy and the availability of employment opportunities within the Monroe area play a pivotal role in the overall prosperity and stability of the community. A robust local economy attracts new residents, drives housing demand, and supports local businesses. The presence of major employers, industrial parks, and commercial centers can significantly impact the economic well-being of the community surrounding 413 Sky River Parkway, Monroe, WA.
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Civic Engagement and Community Involvement
The level of civic engagement and community involvement reflects the collective commitment of residents to improving their local environment. Active participation in local government, volunteer organizations, and community initiatives fosters a sense of belonging and strengthens social bonds. A community characterized by strong civic engagement is more likely to address local challenges effectively and advocate for improvements that benefit all residents, thus enhancing the appeal of 413 Sky River Parkway, Monroe, WA.
In essence, the local community surrounding 413 Sky River Parkway, Monroe, WA, represents a complex ecosystem of social, economic, and civic factors that shape the quality of life and influence the overall desirability of the area. Its composition and dynamics contribute directly to the area’s character and are essential considerations for both current and prospective residents.
4. Accessibility
Accessibility, in the context of 413 Sky River Parkway, Monroe, WA, refers to the ease with which individuals can reach and utilize the location. This encompasses both physical access for residents and visitors, as well as access to essential services and amenities that contribute to the overall quality of life in the area.
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Road Infrastructure and Transportation Networks
The availability and condition of roads connecting 413 Sky River Parkway to neighboring areas significantly impacts accessibility. Factors to consider include traffic congestion, road maintenance, and the presence of sidewalks and bicycle lanes. Well-maintained and uncongested roadways facilitate efficient travel, while the inclusion of pedestrian and bicycle infrastructure promotes alternative modes of transportation and enhances accessibility for non-drivers. Proximity to major highways or arterial roads is a key determinant of regional accessibility.
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Public Transportation Options
The availability of public transportation services, such as bus routes or train stations, directly influences accessibility for individuals without personal vehicles or those who prefer to utilize public transit. The frequency and coverage of bus routes, as well as the proximity of bus stops to 413 Sky River Parkway, determine the practicality of relying on public transportation for commuting, errands, and recreational activities. The presence of park-and-ride facilities can also enhance accessibility for commuters.
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Proximity to Essential Services and Amenities
Accessibility extends beyond physical transportation to encompass the ease with which residents can access essential services and amenities. The proximity of 413 Sky River Parkway to grocery stores, pharmacies, healthcare facilities, schools, and other vital services directly impacts the convenience and livability of the area. Shorter travel times to these destinations reduce transportation costs and enhance overall accessibility.
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Accessibility for Individuals with Disabilities
Accessibility considerations must also account for the needs of individuals with disabilities. This includes the presence of ramps, elevators, accessible parking spaces, and other features that ensure equal access to buildings and public spaces. Compliance with the Americans with Disabilities Act (ADA) is essential for promoting inclusivity and ensuring that individuals with disabilities can fully participate in community life. The degree to which the built environment surrounding 413 Sky River Parkway accommodates individuals with disabilities is a critical measure of its overall accessibility.
In summary, the accessibility of 413 Sky River Parkway, Monroe, WA, is a multifaceted attribute determined by road infrastructure, public transportation options, proximity to essential services, and adherence to accessibility standards for individuals with disabilities. These factors collectively contribute to the area’s livability, convenience, and overall desirability.
5. Zoning Regulations
Zoning regulations dictate land usage and development standards within a specific municipality, significantly influencing the permissible activities and potential value of properties like 413 Sky River Parkway, Monroe, WA. These regulations serve to maintain community character, ensure compatibility between different land uses, and promote orderly development.
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Permitted Land Uses
Zoning ordinances define what types of buildings and activities are allowed at 413 Sky River Parkway. Depending on the zoning designation, the property may be restricted to single-family residential use, or it may permit multi-family dwellings, commercial enterprises, or even industrial operations. The permitted land uses directly impact the property’s potential functionality and market value. For instance, if zoned exclusively for residential use, commercial ventures would be prohibited, limiting the property’s investment potential. Conversely, a commercial zoning designation might increase its value but could also introduce noise and traffic concerns affecting residential desirability.
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Building Height and Setback Restrictions
Zoning regulations also impose limitations on building height and setback distances from property lines. These restrictions aim to preserve neighborhood aesthetics, maintain adequate light and air circulation, and prevent overcrowding. At 413 Sky River Parkway, these rules would determine the maximum allowable height of any structure and dictate how far it must be set back from the street, neighboring properties, and any designated easements. Compliance with these requirements is crucial during any construction or renovation project to avoid code violations and potential legal repercussions.
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Density and Lot Size Requirements
Density regulations control the number of dwelling units permitted per acre of land, while lot size requirements specify the minimum dimensions of a building lot. These factors influence the overall density of development in the vicinity of 413 Sky River Parkway. Lower density zoning typically results in larger lot sizes, creating more spacious and private residential environments. Conversely, higher density zoning allows for more dwelling units per acre, potentially leading to increased traffic and reduced green spaces. These regulations directly shape the character of the neighborhood and the potential for future development at the address.
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Parking and Landscaping Requirements
Zoning ordinances often mandate specific parking requirements based on the type and intensity of land use. These rules ensure that adequate parking is available to accommodate the needs of residents, employees, and visitors. Additionally, landscaping requirements may dictate the types and quantities of vegetation that must be maintained on the property. These regulations contribute to the overall aesthetics of the area and help mitigate environmental impacts, such as stormwater runoff. At 413 Sky River Parkway, compliance with parking and landscaping requirements is essential for maintaining property value and ensuring compliance with local ordinances.
In conclusion, zoning regulations exert a profound influence on the development and use of 413 Sky River Parkway, Monroe, WA. By controlling land uses, building dimensions, density, and other development standards, zoning ordinances shape the character of the neighborhood and determine the property’s potential value and functionality. Adherence to these regulations is essential for property owners to ensure compliance and maximize the long-term benefits of their investment.
6. Infrastructure
The address, 413 Sky River Parkway, Monroe, WA, is intrinsically linked to the surrounding infrastructure. The presence and quality of essential infrastructure components directly affect the usability, value, and sustainability of the property. This includes, but is not limited to, road networks, utilities (water, sewer, electricity, natural gas, and telecommunications), and public services. For instance, reliable access to potable water and a functioning sewage system are prerequisites for residential or commercial occupancy. Inadequate infrastructure can lead to decreased property values and hindered development opportunities. Consider the impact of frequent power outages due to an aging electrical grid; this would negatively affect daily life and business operations at the specified address. Road infrastructure enables access to employment, commerce, and essential services, thus influencing the area’s overall desirability.
Effective infrastructure management directly impacts the long-term value and viability of properties like 413 Sky River Parkway. Proper maintenance of roads prevents deterioration and ensures safe transportation. Regular upgrades to water and sewer systems prevent leaks and ensure the availability of clean water and sanitary waste disposal. Investment in broadband internet infrastructure facilitates remote work, education, and access to information, significantly enhancing the appeal of a location. In contrast, neglected infrastructure leads to higher maintenance costs for property owners and diminished quality of life. For example, insufficient stormwater drainage systems can result in flooding, damaging properties and disrupting daily activities. Similarly, inadequate public transportation limits accessibility for residents without personal vehicles, impacting employment opportunities and social connectivity.
In conclusion, the infrastructure surrounding 413 Sky River Parkway, Monroe, WA, is a critical determinant of its functionality, value, and sustainability. Prioritizing investment in and maintenance of essential infrastructure components is crucial for ensuring the long-term prosperity of the property and the broader community. Failures in infrastructure investment can lead to degradation in quality of life and decreased property values. Understanding the interplay between infrastructure and property value is essential for informed decision-making by property owners, developers, and local government officials.
7. Market Trends
Market trends exert a considerable influence on property values and investment decisions concerning 413 Sky River Parkway, Monroe, WA. These trends, encompassing economic indicators, demographic shifts, and broader real estate cycles, provide critical context for understanding the current and future value of the property.
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Interest Rate Fluctuations
Interest rate changes directly impact the affordability of mortgages and, consequently, influence demand for housing in the Monroe area. Lower interest rates stimulate demand by making homeownership more accessible, potentially increasing property values at 413 Sky River Parkway. Conversely, rising interest rates can dampen demand, leading to price stagnation or even declines. The Federal Reserve’s monetary policy decisions, therefore, have tangible effects on the local real estate market.
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Economic Growth and Employment
The economic health of Snohomish County and the broader Seattle metropolitan area plays a crucial role in shaping housing demand in Monroe. Strong economic growth and job creation attract new residents, increasing competition for housing and driving up property values. Conversely, economic downturns and job losses can lead to decreased demand and downward pressure on prices. Employment opportunities in sectors such as aerospace, technology, and manufacturing are key drivers of economic activity in the region.
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Demographic Shifts and Migration Patterns
Population growth, age distribution, and migration patterns influence the types of housing demanded in Monroe. An influx of young families, for example, may increase demand for single-family homes with yards and access to good schools, potentially benefiting properties like 413 Sky River Parkway. Changes in household size and preferences for urban versus suburban living also shape housing trends. Understanding these demographic shifts is essential for anticipating future demand and making informed investment decisions.
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Comparable Sales Data and Inventory Levels
Analyzing recent sales data for comparable properties in the Sky River Parkway area provides valuable insights into current market conditions. Tracking the median sale price, days on market, and inventory levels helps determine whether the market is favoring buyers or sellers. A low inventory of available homes typically leads to increased competition and higher prices, while a surplus of homes can result in longer selling times and lower offers. Monitoring these metrics provides a real-time assessment of market dynamics.
In summary, market trends significantly impact the value and investment potential of 413 Sky River Parkway, Monroe, WA. Monitoring interest rates, economic growth, demographic shifts, and comparable sales data is crucial for understanding the dynamic forces shaping the local real estate market. These factors should be carefully considered when making decisions regarding buying, selling, or investing in property at this location.
Frequently Asked Questions
This section addresses common inquiries regarding the location, 413 Sky River Parkway, Monroe, WA. The following questions aim to provide clarity and factual information regarding the property and its surrounding environment.
Question 1: What type of property is typically found at 413 Sky River Parkway, Monroe, WA?
The precise nature of the property requires specific database access. However, locations with similar street addresses are commonly residential, encompassing single-family homes, townhouses, or apartments. Verification via official records or real estate listings is necessary for definitive confirmation.
Question 2: What school district serves the address 413 Sky River Parkway, Monroe, WA?
The Monroe School District typically serves addresses within the Sky River Parkway area. Specific school assignments depend on grade level and attendance boundaries. Confirmation can be obtained through the Monroe School District’s website or by contacting the district directly.
Question 3: What are the typical property taxes associated with properties in the Sky River Parkway area of Monroe, WA?
Property taxes vary depending on the assessed value of the property and the current tax rates. Snohomish County Assessor’s Office maintains records of property taxes. Assessment values are subject to change based on market conditions and property improvements.
Question 4: What utilities are available at 413 Sky River Parkway, Monroe, WA?
Standard utilities such as electricity, natural gas (where available), water, and sewer services are generally provided in the Sky River Parkway area. Specific providers vary. Contacting the City of Monroe or reviewing property disclosures typically provides provider information.
Question 5: Is 413 Sky River Parkway, Monroe, WA, located within a homeowner’s association (HOA)?
The presence of an HOA depends on the specific development within Sky River Parkway. Review of property deeds or contact with local real estate agents will provide definitive information regarding HOA membership, fees, and regulations.
Question 6: What is the zoning designation for properties along Sky River Parkway in Monroe, WA?
Zoning designations dictate permissible land uses. The City of Monroe Planning Department maintains zoning maps. Contacting the department or consulting the city’s official website supplies zoning information for 413 Sky River Parkway, Monroe, WA. This information guides development and usage rights.
The preceding answers represent general information. Direct verification with relevant authorities is recommended for accurate, up-to-date details.
Further discussion addresses potential investment opportunities in this area.
Investment Considerations Near 413 Sky River Parkway, Monroe, WA
Prospective investment within proximity to 413 Sky River Parkway, Monroe, WA, necessitates a detailed examination of multiple factors. Prudent investment requires a thorough understanding of local market dynamics and potential risks.
Tip 1: Conduct Comprehensive Due Diligence: Undertake extensive research into the property’s history, including past sales, environmental assessments, and title searches. This mitigates the risk of unforeseen liabilities.
Tip 2: Analyze Comparable Market Data: Scrutinize recent sales of similar properties in the vicinity. This provides a realistic valuation benchmark and aids in negotiating favorable terms.
Tip 3: Evaluate the Local Economic Climate: Assess the economic stability of Monroe and Snohomish County. Factors such as employment rates and industry diversification influence property values and rental demand.
Tip 4: Assess Infrastructure and Development Plans: Investigate planned infrastructure improvements or new developments in the area. These projects can significantly impact property values and future growth potential.
Tip 5: Review Zoning Regulations and Restrictions: Thoroughly understand zoning ordinances and any potential restrictions on property use. This ensures compliance and prevents costly legal challenges.
Tip 6: Evaluate Potential Rental Income: Determine the potential rental income based on market rates for similar properties. A realistic assessment of rental yields informs investment decisions.
Tip 7: Consider Long-Term Appreciation Potential: Evaluate the long-term appreciation potential of the property based on historical trends and future growth projections. This informs strategic investment decisions.
Diligent application of these principles enhances the likelihood of a sound investment. A proactive approach to risk assessment and market analysis fosters informed decision-making.
The following summarizes key elements discussed regarding this location.
Conclusion
The preceding analysis provides a comprehensive overview of the multifaceted factors influencing the area surrounding 413 Sky River Parkway, Monroe, WA. Discussions encompass physical location, property value drivers, community characteristics, accessibility considerations, relevant zoning regulations, existing infrastructure, and prevailing market trends. This detailed examination underscores the interconnectedness of these elements in shaping the overall character and investment potential of properties in this specific location.
Therefore, careful consideration of these interdependent factors is paramount for making informed decisions related to 413 Sky River Parkway, Monroe, WA. Due diligence, thorough market analysis, and a clear understanding of local regulations are essential for navigating the complexities of the real estate landscape and maximizing long-term success. Continued monitoring of market dynamics and community developments will provide valuable insights for both current and prospective stakeholders.
