NOT LISTED FOR SALE

506 E 2nd St Monroe, MI 48161

Central Monroe Neighborhood

Estimated Value: $101,000 - $203,000

3 Beds
2 Baths
1,188 Sq Ft
$128/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $75,000 $63 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $1,041/month

19 Days on Market

Highlights

  • Colonial Architecture
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2023

Excellent opportunity to get started on your next project. Ideal for investors or someone with the ability to make this house a home again. Home features three bedrooms with one bedroom upstairs having an additional bonus room attached. Detached garage. Michigan basement. Located close to River Raisin, parks and historical downtown Monroe. Easy access to I-75 and I-275. Selling as is where is. Agent is related to seller.

Last Agent to Sell the Property

Brian Burns

Key Realty One LLC - Roessler License #MCAR-6506046493 Listed on: 10/11/2023

Last Buyer's Agent

Kristie McCleary

Key Realty One LLC in Monroe License #MCAR-6501420042

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1901

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,188 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 39-00396-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,847

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Colonial
  • Structure Style: 2 Story
  • Total Tax Amount: 1846.89
  • Year Built: 1901
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 3
  • Bedroom 1: On Main Floor, Dimensions: 10 x 10
  • Bedroom 2: On 2nd Floor, Dimensions: 15 x 12
  • Bedroom 3: On 2nd Floor, Dimensions: 11 x 10
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Dining Room: On Main Floor, Dimensions: 12 x 13
  • Kitchen: On Main Floor, Dimensions: 15 x 12
  • Living Room: On Main Floor, Dimensions: 16 x 12
  • Below Grade Sq Ft: 9999
  • Above Grade Finished Sq Ft: 1188
  • Total Finished Sq Ft: 1188

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Michigan Basement
  • Frontage: 50

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 39-00396-000
  • Lot Dimensions: 50x140
  • Acreage: 0.16
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $1,014.56
  • Winter Tax: Year: 2022, Amount: $832.33
  • Total Tax: Amount: $1,846.89

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2024
Sold by
Gray Donald E and Gray Denise Ann
Bought by
Chappell Brandon and Chappell Erica C
Current Estimated Value
$149,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,600
Outstanding Balance
$172,466
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$24,620

Purchase Details

Listed on
Oct 11, 2023
Closed on
Nov 6, 2023
Sold by
Real Estate Nexus Ll
Bought by
Gray Donald and Gray Denise
Seller's Agent
Brian Burns
Key Realty One LLC - Roessler
Buyer's Agent
Kristie McCleary
Key Realty One LLC in Monroe
List Price
$79,000
Sold Price
$75,000
Premium/Discount to List
-$4,000
-5.06%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.10%

Purchase Details

Closed on
Dec 20, 2022
Sold by
Bnb Rentals Llc
Bought by
Real Estate Nexus Llc

Purchase Details

Closed on
Dec 27, 2012
Sold by
Bn B Proeprgties Llc
Bought by
Bnb Rentals Llc

Purchase Details

Closed on
Jul 18, 2011
Sold by
Hsbc Mortgage Services Inc
Bought by
Bnb Properties Llc

Purchase Details

Closed on
Jan 27, 2011
Sold by
Langton Michael
Bought by
Hsbc Mortgage Services Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chappell Brandon $180,000 Amrock
Gray Donald $75,000 Lawyers Title Agency Of Monroe
Real Estate Nexus Llc -- --
Bnb Rentals Llc -- None Available
Bnb Properties Llc $16,000 --
Hsbc Mortgage Services Inc $19,503 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chappell Brandon $174,600
Previous Owner Lake Ronald $15,749
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $75,000 -5.1% $63 / Sq Ft
10/11/2023 10/11/23 For Sale $79,000 -- $66 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History Compared to Growth

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 $2,698 $57,280 $0 $0
2024 $1,995 $57,280 $0 $0
2023 $1,015 $45,740 $0 $0
2022 $1,701 $45,740 $0 $0
2021 $1,719 $43,940 $0 $0
2020 $1,558 $38,230 $0 $0
2019 $1,493 $38,230 $0 $0
2018 $1,922 $35,210 $0 $0
2017 $1,423 $35,210 $0 $0
2016 $1,396 $32,370 $0 $0
2015 $1,349 $23,910 $0 $0
2014 $1,349 $23,910 $0 $0
2013 -- $23,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Burns

    Seller's Agent in 2023

    Brian Burns

    Key Realty One LLC - Roessler

    (734) 625-2112

    2 in this area

    17 Total Sales

    Section Image
  • Kristie McCleary

    Buyer's Agent in 2023

    Kristie McCleary

    Key Realty One LLC in Monroe

    (517) 215-0655

    3 in this area

    74 Total Sales

    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50124690

Michigan Multiple Listing Service

APN: 55-39-00396-000

Michigan Monroe County Monroe 48161 Central Monroe

506 E 2nd St, Monroe, MI

This home is located at 506 E 2nd St, Monroe, MI 48161 since 11 October 2023 and is currently estimated at $152,014, approximately $127 per square foot. This property was built in 1901. 506 E 2nd St is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and Trinity Lutheran School.

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.

Michigan Multiple Listing Service Source MLS: MiRealSource
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Nearby Homes