Explore the possibilities on this 7.8 acre property spanning two parcels in the sought after Chain Lake area, just minutes from Monroe. This rare offering delivers scale, flexibility, and long term upside for builders, investors, or buyers seeking a custom estate setting. Zoned R5, there are two cleared building sites, creating multiple paths for development, buyer to determine viability of a 3rd lot. Options include a primary residence with a second home or DADU, multi generational living, or a phased build strategy. A 480 sq ft tiny home, 1br 1ba, is already in place and can be used for interim living, rental income, or project support for planning and construction. Set in a quiet rural-residential environment with mature trees and open space, the property offers peace and privacy. Enjoy easy access to Chain Lake for non-motorized recreation, nearby parks and trails, downtown Monroe, shopping, dining, schools, and the Evergreen State Fairgrounds. An opportunity to secure usable acreage with multiple build options in a prime Snohomish County location.
Active
Listed by: COMPASS
Price cut: $425K (3/6)
$1,050,000
12514 Chain Lake Road, Snohomish, WA 98290
--beds
--baths
7.83Acres
Unimproved Land
Built in ----
7.83 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Mature treesQuiet rural-residential environmentTwo cleared building sitesOpen space
- 46 days |
- 350 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: March 16, 2026 at 12:27pm
Listed by:
Ben Kaufman,
COMPASS,
Nicole Allen,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2476293
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 7.83 Acres
- Features: Paved, Brush, Corners Flagged, Evergreens, Garden/Fruit Trees, Partially Cleared, Pond, Stream/Creek
- Topography: Level,Sloped
Details
- Parcel number: 28062500401800
- Zoning: R5
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Not Available
- Sewer: Not Available, Septic Design Installed
- Water: Available, In Street, On Property
- Utilities for property: Electricity Connected, Septic Design Installed
Community & HOA
Community
- Features: Park, Playground, Trail(s)
- Subdivision: Monroe
Location
- Region: Snohomish
Financial & listing details
- Tax assessed value: $560,700
- Annual tax amount: $6,760
- Date on market: 2/3/2026
- Cumulative days on market: 48 days
- Listing terms: Rehab Loan
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,952/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Price change | $625,000-40.5% |
Source: | ||
| 2/4/2026 | Listed for sale | $1,050,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,658 +6.9% | $560,700 +7.4% |
| 2023 | $4,356 -1.9% | $521,900 -10.5% |
| 2022 | $4,441 +12% | $583,200 +42.2% |
| 2021 | $3,966 +11.1% | $410,200 +13.2% |
| 2020 | $3,572 -2.4% | $362,400 -0.7% |
| 2019 | $3,660 -25.3% | $364,900 +20% |
| 2018 | $4,898 +53.6% | $304,100 +41.6% |
| 2017 | $3,189 +36.2% | $214,700 +18.6% |
| 2016 | $2,341 | $181,100 +10.6% |
| 2015 | $2,341 +9.9% | $163,800 +20.8% |
| 2013 | $2,130 | $135,600 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,804 | $122,000 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 98290
Nearby schools
GreatSchools rating
- 6/10Chain Lake Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Park Place Middle SchoolGrades: 6-8Distance: 2.5 mi
- 5/10Monroe High SchoolGrades: 9-12Distance: 3.3 mi
Local experts in 98290
- Washington
- Snohomish County
- Snohomish
- 98290
- 12514 Chain Lake Road







