511 W 3rd Street

About this home

Welcome home to this charming and well-maintained 3-bedroom, 1-bath 1 ½-story home conveniently located in the City of Monroe! Featuring 8 ½-foot ceilings on the main level and newer laminate flooring throughout, this home offers a bright, open feel with plenty of character. The spacious kitchen comes complete with a newer stainless steel refrigerator, range/oven, dishwasher, and ample cabinet space, while the washer and dryer are also included for added convenience. Recent updates include a newer forced-air furnace and a new water heater, providing added peace of mind. Two portable A/C units will remain with the home to keep you comfortable during the summer months. Enjoy relaxing on the inviting 18'x6' covered front porch or entertaining on the 8'x8' rear deck overlooking the fenced backyard-perfect for pets, play, or gardening. A detached one-car garage offers additional storage and parking. Ideally situated along the City of Monroe Walking Path and just minutes from vibrant Downtown Monroe, shopping, restaurants, parks, and entertainment. With quick access to Telegraph Road and I-75, commuting is a breeze. A wonderful opportunity for first-time buyers, downsizers, or investors alike. (Microwave excluded from sale.)

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 $144,900, or $160 per square foot, 7% above the city median, and has been on the market 137 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 $2,205 a year. A buyer who lives here would pay about $3,196 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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