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1506 E Monroe Street Phoenix, 85034

Bedrooms:
3
Bathrooms:
2
Square Feet:
1,221 sqft
Price $440,000 .00
Approx /month
Get More Details
Sale Price:
$440,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$2,082
Insurance: (year)
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Virtual Tour of 1506 E Monroe Street , Phoenix 85034

Property Description

Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunity—live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!

General Information

Price:
$440,000
Status:
Active
Listing Updated:
12/19/2024
List Date:
10/30/2024
Close Date
Square Feet:
1,221
Bedrooms:
3
Bathrooms:
2
Garage Spaces:
0.00
Year Built:
1941
Builder Name:
Unk
Subdivision:
Collins Addition Phoenix Blocks 31-34 & 39-40
City:
Phoenix
Zip:
85034
County:
Maricopa
HOA Y/N:
No
HOA Fee:
$0
HOA Paid Frequency:
HOA Transfer Fee:
Taxes:
$2,082
Tax Year:
2024
MLS ID:
6777514
Listing Attribution:
Realty ONE Group Mountain Desert

Property Features

Interior Features
No Interior Steps, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
Exterior Features
Other, Covered Patio(s)
Flooring
Vinyl, Tile, Wood
Laundry
Fireplace Features
None
Cooling
Refrigeration
Heating
Natural Gas
Utilities
Pool
None
Spa
None
Construction Finish
Painted, Stucco, Adobe
Roofing
Composition
Water
City Water
Sewage
Public Sewer
Fencing
Block, Wrought Iron

School Information

High School:
Asu Preparatory Academy - Phoenix High School
High School District:
Phoenix Union High School District
Middle School:
Asu Preparatory Academy - Phoenix Middle School
Elementary School:
Asu Preparatory Academy - Polytechnic Elementary
Elementary School District:
Wilson Elementary District

Community Information

Subdivision:
Collins Addition Phoenix Blocks 31-34 & 39-40

Lot Information

Lot Size (sq feet):
6,750
Lot Features:
Sprinklers In Front, Gravel/Stone Front, Synthetic Grass Frnt
Fencing:
Block, Wrought Iron

Location Information

Directions:
Heading West on Van Buren turn South on 15th St. Continue South on 15th St to Monroe St., turn East on Monroe to house on the North side of road
Cross Street:
16th Street And Van Buren
Map:
View on Map

What's Nearby? : 1506 E Monroe Street Phoenix, 85034

Current Market Comparison

Subject
Subject
Active
Active
closed
Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles

Subject Property

1506 E Monroe Street Phoenix AZ 85034

Property Type:
Single Family - Detached
Bedrooms:
3
Bathrooms:
2
Interior SqFt:
1221
Interior Stories:
1
Year Built:
1941

31 Closed Properties

Address
Distance/Miles
Closed Price
Details
1.11 Miles
$841,000
1.18 Miles
$533,000
1.75 Miles
$467,500
1.92 Miles
$555,000
1.59 Miles
$950,000
1.81 Miles
$1,225,000
0.37 Miles
$255,000
1.81 Miles
$530,000
1.16 Miles
$540,000
0.33 Miles
$465,000
1.8 Miles
$548,900
1.55 Miles
$407,000
1.38 Miles
$323,600
0.74 Miles
$384,000
1.69 Miles
$687,000
1.63 Miles
$365,000
0.61 Miles
$515,000
1.77 Miles
$545,000
1.21 Miles
$748,998
1.81 Miles
$550,000
1.97 Miles
$410,000
1.67 Miles
$515,000
1.68 Miles
$290,000
1.93 Miles
$405,000

48 Active Properties

Address
Distance/Miles
Active Price
Details
1.68 Miles
$449,999
1.91 Miles
$389,500
1.87 Miles
$560,000
1.13 Miles
$489,000
0.36 Miles
$616,000
1.68 Miles
$475,000
1.73 Miles
$350,000
0.69 Miles
$489,000
1.75 Miles
$410,000
1.41 Miles
$599,000
1.99 Miles
$495,000
0.85 Miles
$599,900
1.19 Miles
$624,900
1.72 Miles
$619,000
0.78 Miles
$690,000
1.92 Miles
$729,000
1.56 Miles
$619,890
0.97 Miles
$520,000
1.53 Miles
$720,000
1.79 Miles
$829,990
0.57 Miles
$499,900
0 Miles
$440,000
1.99 Miles
$495,000
1.34 Miles
$629,000
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