447 N Monroe Street

About this home

Duplex Investment Opportunity located in Downtown Monroe near restaurants, parks and shopping! First floor Unit has Range/oven and Microwave, W/D facilities in basement and a half bath. Unit 2 upstairs has range/oven and refrigerator. Home has been freshly painted and some new flooring installed. Furnace for first floor unit is new. There is a 21 x 13 room above the upstairs unit with access by stairs that can be used for additional bonus space but would not be permitted as a bedroom.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Monroe

Over the last 90 days, 170 homes sold in Monroe for a median of $225,000, about $149 per square foot, and the typical one went under contract in 10 days. This home is listed at $194,000, or $101 per square foot, 32% below the city median, and has been on the market 3 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Monroe sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $4,284 a year. A buyer who lives here would pay about $4,279 a year once the taxable value resets after the sale, at the 2025 homestead rate of 43.68 mills for Monroe City and Monroe schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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