NOT LISTED FOR SALE

705 S Madison Ave Monroe, GA 30655

Estimated Value: $300,000 - $374,000

5 Beds
3 Baths
2,326 Sq Ft
$148/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $311,000 $134 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,123/month

149 Days on Market

Highlights

  • City View
  • Family Room with Fireplace
  • Wood Flooring
  • Deck
  • Traditional Architecture
  • Private Yard

About This Home

As of May 2023

Spacious City of Monroe Home with tons of character! Built in 1920 as a duplex and then converted to it's current use as a single family residence, this Home could be converted back into a duplex again if desired. Living Spaces include Family Room, separate Den, and eat in Kitchen with tile counters and access to a large full bath/laundry room combo. Primary Bedroom on the Main Level has access to the covered front porch, and use of the recently remodeled full bath, designed to accommodate those with mobility issues. The second level features 4 large bedrooms with Jack & Jill bath, and will require some TLC. Some original flooring, fireplaces, and fixtures remain throughout the Home. Roof, gutters, and vinyl recently replaced. Home sits on a large lot just outside of Downtown Monroe, walking distance to local shopping, dining, and parks. 30 minutes to either Athens or Gwinnett.

Last Agent to Sell the Property

April Weathers

Keller Williams Realty Atlanta Partners License #373816 Listed on: 11/09/2022

Keller Williams Realty Atlanta Partners

Last Buyer's Agent

Lee Malcom

Malcom and Malcom Realty Prof, LLC. License #203677

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,660

Year Built

  • Built in 1920

Lot Details

  • 0.27 Acre Lot
  • Chain Link Fence
  • Level Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,326 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet on the lower level
  • Family Room with Fireplace
  • 4 Fireplaces
  • Den
  • City Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Country Kitchen
  • Gas Range
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Shower Only

Laundry

  • Laundry Room
  • Laundry on main level
  • Laundry in Bathroom

Parking

  • 4 Parking Spaces
  • Driveway

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Approach with Ramp

Outdoor Features

  • Deck
  • Outbuilding
  • Front Porch

Location

  • Property is near shops

Schools

  • Harmony - Walton Elementary School
  • Carver Middle School
  • Monroe Area High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number M019000000085000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,660

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: #62 MONROE COTTON MILLS .27AC
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 1920
  • Accessibility Features: Accessible Approach with Ramp, Accessible Full Bath
  • Levels Stories: Two
  • Above Grade Finished Sq Ft: 2326.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Family Room
  • Number Of Fireplaces: 4
  • Appliances: Gas Range
  • Interior Amenities: High Ceilings 9 ft Lower, High Ceilings 9 ft Main, High Ceilings 9 ft Upper, High Speed Internet
  • Basement: Crawl Space
  • Kitchen Features: Country Kitchen, Tile Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Den, Family Room
  • Square Footage: 2326.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 5
  • Main Bedrooms: 1
  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Shower Only

Exterior Features

  • Other Structures: Outbuilding
  • Construction Materials: Vinyl Siding
  • Roof Type: Composition
  • Fencing: Chain Link
  • Patio And Porch Features: Deck, Front Porch
  • Exterior Features: Private Yard
  • View: City
  • Foundation: See Remarks

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: In Bathroom, Laundry Room, Main Level
  • Utilities: Natural Gas Available, Sewer Available, Water Available
  • Electric: Other

Condo/Co-op/Association

  • Community Features: Near Shopping

Lot Info

  • Acres: 0.2700
  • Plat Book: 010
  • Plat Page: 215
  • Lot Features: Back Yard, Front Yard, Level, Private
  • Parcel Number: M019000000085000
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 1660.00
  • Tax Year: 2021

MLS Schools

  • Elementary School: Harmony - Walton
  • High School: Monroe Area
  • Middle School: Carver

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
May 26, 2023
Sold by
Balmes Gabriel Kenneth
Bought by
Balmes Gabriel Kenneth and Balmes Rebecca Suzanne
Seller's Agent
April Weathers
Keller Williams Realty Atlanta Partners
Buyer's Agent
Lee Malcom
Malcom and Malcom Realty Prof, LLC.
List Price
$349,900
Sold Price
$311,000
Premium/Discount to List
-$38,900
-11.12%
Views
323
Current Estimated Value
$344,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,501
Avg. Annual Appreciation
3.89%
Original Mortgage
$305,367
Outstanding Balance
$295,107
Interest Rate
5.75%
Mortgage Type
FHA
Estimated Equity
$49,394

Purchase Details

Closed on
Oct 19, 1995
Sold by
Taylor Joseph
Bought by
Cavanaugh David
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Balmes Gabriel Kenneth -- --
Balmes Gabriel Kenneth $311,000 --
Cavanaugh David $57,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balmes Gabriel Kenneth $305,367
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2023 05/24/23 Sold $311,000 +2.6% $134 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/20/2023 03/20/23 Price Changed $303,000 -0.7% $130 / Sq Ft
12/15/2022 12/15/22 Price Changed $305,000 -12.8% $131 / Sq Ft
11/09/2022 11/09/22 For Sale $349,900 -- $150 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $4,005 $132,520 $20,000 $112,520
2024 $4,005 $122,200 $15,200 $107,000
2023 $1,007 $114,440 $15,200 $99,240
2022 $696 $60,800 $14,000 $46,800
2021 $585 $42,960 $7,200 $35,760
2020 $585 $41,040 $6,400 $34,640
2019 $572 $36,440 $4,000 $32,440
2018 $544 $36,440 $4,000 $32,440
2017 $1,475 $35,200 $4,000 $31,200
2016 $496 $28,280 $4,000 $24,280
2015 $652 $17,520 $4,000 $13,520
2014 $697 $18,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7142042

First Multiple Listing Service (FMLS)

APN: M019000000085000