712 W 5th Street
Monroe, MI 48161
Land · MLS # 57050216791 · Listing courtesy of Key Realty One LLC in Monroe
About this home
BUILD your next home, rental home, or other developmental investments! Here sits 0.45 acres in Monroe! Just two blocks from Front St and a short walk to the river, this lot just might be what you've been looking for. Sewer tap is already on site. Check it out today!
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 $32,500, and has been on the market 1 day. 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 $472 a year. A buyer who lives here would pay about $717 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
Similar homes in Monroe
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