new - 6 days on rocket

1506 E Monroe St, Phoenix, AZ, 85034

$440,000

Home List Price

$5,225*

Closing Credit

3 Bedrooms
2 Baths
1,221 SqFt
$360/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1506 E Monroe St, Phoenix$440,000

Buyer Closing Credits

$5,225*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Year Built1941
HeatingNatural Gas
FireplaceNone
MLS #6777514
Lot Size0.16 Acres
StatusActive

About 1506 E Monroe St

Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunity—live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!

Property Details

Property Features

Property Information:

  • Year Built: 1941
  • Stories: 1
  • Living Area: 1,221 SqFt

Listing Office:

  • Office Name: Realty ONE Group Mountain Desert
  • Office Phone: (928) 862-4035
  • Listing Agent: Preston Dean Richardson

Interior Features

Interior Information:

  • Flooring Type: Vinyl, Tile, Wood
  • Interior: No Interior Steps, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other, Covered Patio(s)

Lot Features

Lot Information:

  • Lot: Sprinklers In Front
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Phoenix Union Bioscience High School, Public District Grades 9-12
  • North High School, Public District Grades 9-12
  • Franklin Police and Fire High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: Heading West on Van Buren turn South on 15th St. Continue South on 15th St to Monroe St., turn East on Monroe to house on the North side of road

Price Information

Listing Price Info

Price Summary:

  • List Price: $440,000
  • Price Per SqFt: $360/SqFt

Tax Information:

  • Annual Amount: $458
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

Map thumbnail provided by MapBox

Phoenix, AZ

City

Med. Sold Price

$450.9K

Med. Price/SqFt

$284

Avg. Days On Market

62

# of Sold Homes

1291

1506 E Monroe St vs Phoenix

6 DAYS ON ROCKET

-56 Days

$440,000

-$10.9K Less

$360/SqFt

+$75 More

KEY TAKEAWAY

This property is $10.9K less than the Median Sold Price and $75/SqFt more than other homes in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6777514

Listing Office:

  • Office Name: Realty ONE Group Mountain Desert
  • Office Phone: (928) 862-4035
  • Listing Agent: Preston Dean Richardson

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 21, 2020Home Sold
$205,000
Sep 17, 2020Home Sold
$182,500

Tax History

YEARPROP. TAXASSESSMENT
2021$458$13,320
2020$463$12,570
2019$454$9,370
2017$444$6,380

History based on county public records data.

Payment Calculator

$2,264

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,386

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-1991811
10
/10

  • Phoenix Union Bioscience High School

  • 512 E Pierce St

  • 1.06 miles

  • Public District Grades 9-12

school-card-donut-1991812
3
/10

  • North High School

  • 1101 E Thomas Rd

  • 2.12 miles

  • Public District Grades 9-12

school-card-donut-1991813
6
/10

  • Franklin Police and Fire High School

  • 1645 W Mcdowell Rd

  • 2.80 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,955. The majority of Phoenix, AZ residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1506 E Monroe St

What is the listing price of this property?

The listing price of 1506 E Monroe St property is $440,000.

What type of property is this?

The property 1506 E Monroe St is a house located in Phoenix, Arizona, 85034.

Is this property for sale now?

Active Listing: 1506 E Monroe St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1506 E Monroe St are:
Phoenix Union Bioscience High School: GreatSchools Rating 10/10
North High School: GreatSchools Rating 3/10
Franklin Police and Fire High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $458 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 21, 2020 for $205,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1506 E Monroe St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1506 E Monroe St is 1,221 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1506 E Monroe St is 1941.

Rocket Homes›Arizona›Maricopa County›Phoenix›85034›1506 E Monroe St

This home is located at 1506 E Monroe St in Phoenix, AZ and zip code 85034 in the Central City neighborhood. This 1,221 square foot home, which was built in 1941, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $440,000.

While more than 250 listings in Phoenix, AZ in October 2024 were sold above asking price, there were more than 344 listings sold at asking price, and more than 697 were sold below. In October 2024 in Phoenix, AZ there were 7.5% more homes for sale than in September 2024. In October 2024 median list price was $450,977 and the average listing age was 62 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources