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505 Broad St S, Monmouth, OR, 97361

$350,000

Home List Price

$4,156*

Closing Credit

4 Bedrooms
1 Full Bath
1,085 SqFt
$323/SqFt
House

Location

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505 Broad St S, Monmouth$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Street Parking
Garage2 spaces
Year Built1940
HeatingWall Furnace
MLS #24222334
Lot Size0.28 Acres
StatusActive

About 505 Broad St S

Charming 1940s Two-Story Home on Spacious Double Lot with Development PotentialDiscover the possibilities in this classic 1940s two-story home situated on over a quarter-acre lot in Monmouth. With four bedrooms and one bathroom, this home offers a unique blend of vintage charm and exciting potential. Though it could use some TLC, the property’s highlights make it a standout opportunity.The expansive lot features a beautifully landscaped garden and backyard with mature trees and flowering shrubs, creating a peaceful retreat with plenty of space to relax and entertain. For added convenience, the property includes a detached two-car garage with an adjoining workshop, a garden shed, and ample room for RV parking, complete with an RV disposal.In addition to its charm and size, the property’s oversized lot presents potential for development. According to the City of Monmouth, a multifamily unit may be possible (buyer to verify and perform due diligence).This property is perfect for those looking to restore a classic home, invest in additional development, or simply enjoy a spacious garden sanctuary in the heart of Monmouth. Don’t miss out on this one-of-a-kind opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1940
  • Stories: 2
  • Living Area: 1,085 SqFt

Listing Office:

  • Office Name: Connected Real Estate Group
  • Office Phone: (541) 512-4430
  • Listing Agent: Jessica Pankratz

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Vinyl
  • Interior: Ceiling Fan(s), Wall to Wall Carpet

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Garden, Outbuilding, Patio, Porch, RV Hookup, RV Parking, Tool Shed, Workshop, Yard

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Street Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: West on Gwinn, north on Broad St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $323/SqFt

Tax Information:

  • Annual Amount: $1,998
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Monmouth, OR.

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Monmouth, OR

City

Med. Sold Price

$455K

Med. Price/SqFt

$283

Avg. Days On Market

10

# of Sold Homes

1

505 Broad St S vs Monmouth

2 DAYS ON ROCKET

-8 Days

$350,000

-$105K Less

$323/SqFt

+$39 More

KEY TAKEAWAY

This property is $105K less than the Median Sold Price and $39/SqFt more than other homes in Monmouth, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24222334

Listing Office:

  • Office Name: Connected Real Estate Group
  • Office Phone: (541) 512-4430
  • Listing Agent: Jessica Pankratz

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,998$117,490
2019$1,940$114,070
2018$1,873$110,750
2017$1,863$107,530

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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-390048
5
/10

  • Monmouth Elementary School

  • 958 Church St E

  • 0.67 miles

  • Public District Grades KG-5

school-card-donut-390049
4
/10

  • Ash Creek Elementary School

  • 1360 N 16th St

  • 1.54 miles

  • Public District Grades KG-5

school-card-donut-390050
3
/10

  • Independence Elementary School

  • 150 S 4th St

  • 2.16 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,354. Most Monmouth, OR residents have annual incomes less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Broad St S

What is the listing price of this property?

The listing price of 505 Broad St S property is $350,000.

What type of property is this?

The property 505 Broad St S is a house located in Monmouth, Oregon, 97361.

Is this property for sale now?

Active Listing: 505 Broad St S is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,998 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 Broad St S has 4 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 505 Broad St S is 1,085 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Broad St S is 1940.

Rocket Homes›Oregon›Polk County›Monmouth›97361›505 Broad St S

This home is located at 505 Broad St S in Monmouth, OR and zip code 97361. This 1,085 square foot home, which was built in 1940, sits on a 0.28 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $350,000.

Monmouth, OR housing market in October 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. Between September 2024 and October 2024, Monmouth, OR real estate market has seen decrease in the number of listings by 21.1%. Listings spent 10 days on the market in October 2024, and had a median list price of $455,000 during the same period.

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

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