The The Assumption Sokolski Monastery is situated in Stara Planina Mountain along the upper river valley of Yantra, 12 km away from Gabrovo and 4 km away from the Etara architectural ethnographic reserve. An eco path connects the monastery with the reserve.

It was founded in 1833 and named after its founder Yosif Sokolski. Originally, a small wooden church was built in 1833 and the frescoes were finished a year later. Hristo Tsokev, a Gabrovo-born artist, donated the church icon, which represents the Virgin Mary and Christ and is considered to be miraculous. In 1862, Father Paul Zograf and his son Nikola from the village of Shipka decorated the church with frescoes.

The monastery has a big yard surrounded by residential and utility buildings. In the centre of the yard, in 1865 the master Kolyu Ficheto constructed a big stone fountain with eight taps. The whole monastery was built during the Bulgarian National Revival with the strong support of the people of Gabrovo and the local villages. The Sokolski Monastery was declared a historical site in 1973.