505 Monroe St, Lansing, MI 48906
Property image
Property image
OFF MARKET

$72,200

Trulia Estimate
  • 2 Beds
  • 1.5 Baths
  • 1,334 sqft

505 Monroe St, Lansing, MI 48906

Northtown
Est. Refi. Payment $562/mo*
Refinance Your Home
Currently Off Market - Sold Jun 26, 2023 for $53,000

Home Value

Trulia Estimate
$72.2K
Since last month
Decreased$2K (-2.9%)
Since last year
Decreased$4K (-4.7%)
Since last sale
Increased$20K (+37.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +198% in the last 10 years
MonthEstimated value
2026
August 2026$73K
August 2026$72K
July 2026$75K
June 2026$79K
May 2026$81K
April 2026$81K
March 2026$77K
February 2026$77K
January 2026$74K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
222 W Maple St, Lansing, MI
0.51
Single-Family Home
-
-
3
2
1,322
1108 Ballard St, Lansing, MI
0.39
Single-Family Home
$97,000
01/20/26
4
2
1,250
1530 Ballard St, Lansing, MI
0.64
Single-Family Home
$40,000
04/23/26
2
1
864

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
514 E Maple St, Lansing, MI 48906
0.24
$78,500
3
1
1,173
Off Market
523 Ash St #1, Lansing, MI 48906
0.14
$64,800
3
2
946
Off Market
1016 N Cedar St, Lansing, MI 48906
0.15
$79,200
3
1
1,050
Off Market
406 Adams St, Lansing, MI 48906
0.15
$115,100
3
2
1,460
Off Market
1024 N Larch St, Lansing, MI 48906
0.20
$65,300
Studio
1
909
Off Market
1030 N Larch St, Lansing, MI 48906
0.21
-
Studio
-
-
Off Market
516 Monroe St, Lansing, MI 48906
0.04
$133,100
2
1
720
Off Market

Local Information

  • Map ViewExplore the area around 505 Monroe St.
  • Schools5 Preschool Schools6 Elementary Schools4 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1905
1,334 sqft
$54/sqft
Garage

About this House

Great investment opportunity right here! Needs a litte TLC but great potential. Home features 2bedrooms 2bath, large front porch, Full basement, Shed. Property is located in downtown area Lansing minutes away from LCC, Cooley law, highways, schools, etc. Schedule your showing today. Home sold as is
505 Monroe St, Lansing, MI 48906 is a 2 bedroom, 2 bathroom, 1,334 sqft single-family home in Northtown, built in 1905. It last sold for $53,000 on Jun 26, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $72,200, with a rent estimate of $1,375/month.

Home Details for 505 Monroe St

Interior Features

Interior Details
BasementNumber of Rooms: 6Types of Rooms: Dining Room, Family Room
Heating & Cooling
Heating: Forced Air, GasAir ConditioningHeating Fuel: Forced Air
Appliances & Utilities
DryerWasher
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Exterior Home Features
Roof: OtherExterior: Other
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1905
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Lot Information

Lot Area: 3049 sqft

Price and Tax history

DateEventPrice
Jun 26, 2023
Source: Greater Lansing AOR #273513
Sold
$53,000
Jun 20, 2023
Source: Greater Lansing AOR #273513
Pending
$49,900
Jun 16, 2023
Source: Greater Lansing AOR #273513
PriceChange
$49,900
Price decreased by 17%
Jun 6, 2023
Source: Greater Lansing AOR #273513
Pending
$59,900
Jun 2, 2023
Source: Greater Lansing AOR #273513
Listed For Sale
$59,900

Market trends in Lansing

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$162K
$4.63KMoM
Sale-to-List Price
100.1%
Price per sq ft
$127
$2MoM
Available listings
587
81MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Northtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Northtown

At least 21 Trulia users voted on each feature.

  • 97 % Say there are sidewalks

  • 86 % Say yards are well-kept

  • 85 % Say parking is easy

  • 65 % Say kids play outside

  • 64 % Say car is needed

  • 57 % Say it's dog friendly

  • 56 % Say streets are well-lit

  • 47 % Say neighbors are friendly

  • 46 % Say it's walkable to restaurants

  • 45 % Say people would walk alone at night

  • 41 % Say there's wildlife

  • 38 % Say there's holiday spirit

  • 36 % Say it's quiet

  • 31 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • King C
    "It is hard Sometimes to get things the way she like it but I usually take the highway no malcome x blvd"
    0
    Flag
  • Shane Johnson
    "They would not like the lack of safe spaces to walk your dog. Meaning that the areas that you can walk are not well lit and not well maintained, and then the dog owners usually will not have their own dogs leashed"
    1
    Flag
  • Trulia User
    "Sometimes dogs escape their enclosure to play in our courtyard here. So we became friendly with our neighbors. "
    3
    Flag
  • Lilcocojr12
    "It is a nice place to stay. If you mind your own business everything will be ok. Problem only come when people in other people pot."
    3
    Flag
  • Cynthia M.
    "You see people walking there dogs all the time. Alot of the dogs are security dogs though, but those ones are behind fences. No problems about 95% pick up after the dogs too."
    11
    Flag
  • Jessica L. B.
    "I've lived here for three years and my neighbors are friendly and mind there own business and it's quiet."
    3
    Flag
  • Kim
    "This area is great. The homes are affordable, but close to everything. Old Town, downtown Lansing, and East Lansing are all close. Lots of public transportation, parks, etc. Free on street parking for guests in many areas. I've been very happy living here."
    3
    Flag
  • Francis
    "I have lived in these are for over a year now and every day it has grown more on me. I think there is only one reason why people don't "like" Lansing and many parts of Michigan. There just aren't enough jobs. That simple."
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 505 Monroe St

  • What is 505 Monroe St estimated to be worth?
    Trulia's estimated value for 505 Monroe St in Lansing, MI is $72,200.
  • What is the price history for 505 Monroe St?
    505 Monroe St in Lansing, MI last sold for $53,000 in June 2023.
  • Is Lansing a buyer's or seller's market?
    Lansing is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Lansing?
    The median sale price in Lansing is $162K. That is up $4.63K from the prior month.
  • Does 505 Monroe St have laundry facilities?
    Yes, 505 Monroe St in Lansing, MI has in-unit laundry.
  • How big is the lot at 505 Monroe St?
    The lot at 505 Monroe St in Lansing, MI is about 0.07 acres (3,223 sq ft).

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Apartments for Rent

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