505 Broad St S Monmouth, OR 97361
Estimated payment $1,828/month
Highlights
- RV Access or Parking
- 2 Car Detached Garage
- Shed
- Main Floor Primary Bedroom
- Patio
- Landscaped
About This Home
Downtown property with amazing potential; this charming home is set on a spacious oversized lot with development possibilities in the heart of Monmouth. 4BR/1BA, this two-story home is set on .28 acres, has a detached 2-car garage/workshop, tool lean-to and a garden shed located in a gorgeous backyard with mature landscaping. There is an RV disposal with plenty of room for RV parking. In need of some TLC, there is loads of potential for a home owner or developer. Buyer to confirm with the City of Monmouth. 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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,339
Year Built
- Built in 1940
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 61 x 187
- Partially Fenced Property
- Landscaped
- Property is zoned RM
Home Design
- Composition Roof
- Lap Siding
- Asbestos Siding
Interior Spaces
- 1,085 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 1 Full Bathroom
Parking
- 2 Car Detached Garage
- RV Access or Parking
Outdoor Features
- Patio
- Shed
- Shop
Schools
- Monmouth Elementary School
- Talmadge Middle School
- Central High School
Utilities
- Floor Furnace
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Tax Lot 2300
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,245 | $136,180 | $63,770 | $72,410 |
| 2024 | $2,245 | $132,220 | $61,910 | $70,310 |
| 2023 | $2,339 | $128,370 | $60,110 | $68,260 |
| 2022 | $2,105 | $124,640 | $58,360 | $66,280 |
| 2021 | $2,081 | $121,010 | $56,660 | $64,350 |
| 2020 | $1,998 | $117,490 | $55,010 | $62,480 |
| 2019 | $1,940 | $114,070 | $53,410 | $60,660 |
| 2018 | $1,873 | $110,750 | $51,850 | $58,900 |
| 2017 | $1,863 | $107,530 | $50,340 | $57,190 |
| 2016 | $1,904 | $104,400 | $48,880 | $55,520 |
| 2015 | $1,820 | $101,360 | $47,460 | $53,900 |
| 2014 | $1,779 | $98,410 | $46,080 | $52,330 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | Price Changed | $310,000 | -4.6% | $286 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $325,000 | -7.1% | $300 / Sq Ft |
| 11/14/2024 11/14/24 | For Sale | $350,000 | -- | $323 / Sq Ft |
Source: Willamette Valley MLS
MLS Number: 823213
APN: 192789
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson
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