$325,000
$25K PRICE DROP

505 Broad St S Monmouth, OR 97361

Estimated payment $1,994/month

Total Views 25,837
4 Beds
1 Bath
1,085 Sq Ft
$300 Price per Sq Ft

Highlights

  • RV Access or Parking
  • 2 Car Detached Garage
  • Patio
  • Main Floor Primary Bedroom
  • Cooling Available
  • Shed

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!

Listing Agent

Jessica Pankratz

CONNECTED REAL ESTATE GROUP License #200505057 Listed on: 11/14/2024

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

  • Cooling Available
  • Floor Furnace
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 2300

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,339

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Dual Living: Other (Refer To Remarks)
  • Syndicated Remarks: 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!
  • Cross Street: Gwinn
  • Year Built: 1940
  • Home Style2: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Bedrooms: 4
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 2/Upper
  • Bedroom 4: On Level: 2/Upper
  • Dining Room: 1/Main, On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Price Per Sq Ft: 299.54
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 299.54

Exterior Features

  • Patio: Patio
  • Exterior Color: Light red
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed, Separate Shop
  • Roof: Composition
  • Siding: Asbestos
  • Siding Style: Lap

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Electric, Floor Furnace
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School: Monmouth
  • Middle School: Talmadge
  • High School: Central

Lot Info

  • Acres: 0.28
  • Estimated Lot Dimensions: 61 x 187
  • Estimated Lot Sq Ft: 11994
  • Lot: 2300
  • Lot Type: Dimension Above
  • Price Per Acre: 1160714.29
  • Rv Amenities: Area/Room For, Rv Disposal
  • Zoning: RM
  • Geo Subdivision: OR

Green Features

  • Smart Home Features: No

Tax Info

  • Tax Years: 24/25
  • Tax Account Number: 192789
  • Tax Amount: 2339

MLS Schools

  • HighSchool: Central
  • Middle School: Talmadge
  • Elementary School: Monmouth

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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Source: Willamette Valley MLS

MLS Number: 823213

Willamette Valley MLS

APN: 192789