713 W 5th Street

About this home

Investor special with tons of potential! This 4-bedroom, 2.5-bath bungalow needs some TLC but offers a great opportunity for a flip, rental, or future home. Features include a deep 2-car detached garage and a full basement with plumbing, providing plenty of additional space and possibilities. Bring your vision and make this property shine!

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 $79,000, or $60 per square foot, 60% below the city median, and has been on the market 39 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 $2,360 a year. A buyer who lives here would pay about $2,424 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

$99,000

6082 N Monroe Street, Monroe

Listing courtesy of Wiens And Roth Real Estate - Lambertville

$65,000

3 bd · 2 ba · 1,200 sqft

3858 RYANS RIDGE Street, Monroe

Listing courtesy of Coldwell Banker Haynes R.E. in Monroe

$72,500

774 N Raisinville Road, Monroe

Listing courtesy of Real Estate One Monroe

$99,900

3 bd · 1 ba · 880 sqft

5934 Roseland Avenue, Monroe

Listing courtesy of Moore Realty Group - Dundee

$59,900

3 bd · 2 ba · 2,016 sqft

885 Tanner Landing, Monroe

Listing courtesy of Joseph Walter Realty, LLC

$69,900

3 bd · 1 ba · 873 sqft

902 E Elm Street, Monroe

Listing courtesy of Real Estate Solutions/MI, LLC - Temperance

See all Monroe homes for sale →