1 month on rocket

314 Washington St, Monroe, MI, 48161

$299,900

Home List Price

$3,561*

Closing Credit

7 Bedrooms
2 Full Baths, 2 Partial
3,788 SqFt
$79/SqFt
Multi

Location

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314 Washington St, Monroe$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1883
HeatingNatural Gas, Separate Meters, Steam
CoolingCeiling Fan(s), Wall/Window Unit(s), Window Unit(s)
BasementYes
MLS #57050160441
Lot Size0.34 Acres
StatusActive

About 314 Washington St

Prime investment opportunity! TWINPLEX... Live in one unit and rent the other or rent them both! This multifamily property offers excellent income potential in a desirable, centrally located neighborhood. Each unit, (north side unit is 3 bedroom 1 1/2 baths south side unit 4 bedroom 1 1/2 baths) provides spacious layouts with appealing features, ideal for attracting long-term tenants. Just minutes from Monroe's downtown area, residents will enjoy easy access to shops, dining, schools, and parks. With strong rental demand in the area proximity to major highways for commuters, this property is a great addition to any portfolio. Don't miss out on this solid, income-generating asset in a thriving community!

Property Details

Property Features

Property Information:

  • Year Built: 1883
  • Living Area: 3,788 SqFt

Listing Office:

  • Office Name: Century 21 Allstar Real Estate Team, Inc in Monroe
  • Office Phone: (734) 241-2700
  • Listing Agent: Shelly Conner

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Range, Washer
  • Basement: Yes
  • Interior: HighCeilings

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Balcony, PrivateEntrance

Lot Features

Lot Information:

  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Separate Meters, Steam
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $79/SqFt

Tax Information:

  • Annual Amount: $4,605
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Monroe, MI.

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Monroe, MI

City

Med. Sold Price

$205K

Med. Price/SqFt

$136

Avg. Days On Market

49

# of Sold Homes

41

314 Washington St vs Monroe

41 DAYS ON ROCKET

-8 Days

$299,900

+$94.9K More

$79/SqFt

-$57 Less

KEY TAKEAWAY

This property is $94.9K more than the Median Sold Price and $57/SqFt less than other homes in Monroe, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Southeastern Border Association of REALTORS
  • MLS Number: #57050160441

Listing Office:

  • Office Name: Century 21 Allstar Real Estate Team, Inc in Monroe
  • Office Phone: (734) 241-2700
  • Listing Agent: Shelly Conner

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 5:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 25, 2014Home Sold
$115,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,605$90,350
2020$4,293$96,260
2019$4,205$95,030
2018$4,124$88,550
2017$2,806$88,540

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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.

Nearby Schools

school-card-donut-4395628
3
/10

  • Arborwood Elementary School

  • 1135 Riverview Ave

  • 1.38 miles

  • Public District Grades PK-6

school-card-donut-4395629
2
/10

  • Waterloo Elementary School

  • 1933 S Custer Rd

  • 1.48 miles

  • Public District Grades PK-6

school-card-donut-4395630
5
/10

  • Manor Elementary School

  • 1731 W Lorain St

  • 1.64 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,538. The majority of Monroe, MI residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Monroe County›Monroe›48161›314 Washington St

This home is located at 314 Washington St in Monroe, MI and zip code 48161. This 3,788 square foot home, which was built in 1883, sits on a 0.34 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $299,900.

Over 15 listings were sold over their listed price in November 2024 in Monroe, MI. In the same period over 20 listings were sold below the listed price and 6 listings were sold for the listed price. The number of homes for sale in Monroe, MI decreased by 1% between October 2024 and November 2024. In November 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $205,000.

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

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