506 E 2nd St, Monroe, MI 48161
OFF MARKET

$185,200

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,188 sqft

506 E 2nd St, Monroe, MI 48161

Est. Refi. Payment $1,237/mo*
Refinance Your Home
Currently Off Market - Sold May 6, 2024 for $180,000

Home Value

Trulia Estimate
$185K
Since last month
Decreased$13K (-6.5%)
Since last year
Decreased$8K (-4.3%)
Since last sale
Increased$4K (+2.2%)
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 +146% in the last 10 years
MonthEstimated value
2026
November 2026$184K
October 2026$193K
September 2026$197K
August 2026$197K
July 2026$198K
June 2026$197K
May 2026$197K
April 2026$194K
March 2026$192K
February 2026$188K
January 2026$186K
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
317 E 5th St, Monroe, MI
0.21
Single-Family Home
$201,000
06/18/26
3
1
1,424
720 E 2nd St, Monroe, MI
0.17
Single-Family Home
$89,600
01/16/26
3
1
1,279
421 E 6th St, Monroe, MI
0.24
Single-Family Home
$135,000
07/24/26
2
1
1,246
635 Laplaisance Rd, Monroe, MI
0.33
Single-Family Home
$155,000
04/27/26
3
1
825
943 E 4th St, Monroe, MI
0.35
Single-Family Home
$145,000
07/22/26
3
1
1,598
422 E 1st St, Monroe, MI
0.08
Single-Family Home
$179,900
04/07/26
4
2
1,728
511 Wadsworth St, Monroe, MI
0.23
Single-Family Home
$205,000
07/29/26
4
1
1,950
713 Jerome St, Monroe, MI
0.39
Single-Family Home
$174,900
12/18/25
4
1
1,085
527 E 5th St, Monroe, MI
0.18
Single-Family Home
$195,900
04/13/26
3
2.5
1,287
713 Roeder St, Monroe, MI
0.41
Single-Family Home
$165,000
08/05/26
4
1
1,090

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
510 E 2nd St, Monroe, MI 48161
0.01
$179,200
3
1
1,670
Off Market
502 E 2nd St, Monroe, MI 48161
0.01
$193,700
3
2
2,091
Off Market
516 E 2nd St, Monroe, MI 48161
0.02
$133,300
4
2
1,580
Off Market
428 E 2nd St, Monroe, MI 48161
0.03
$146,700
Studio
-
844
Off Market
520 E 2nd St, Monroe, MI 48161
0.03
$130,600
Studio
1
1,050
Off Market
505 E 3rd St, Monroe, MI 48161
0.03
$138,900
4
1
1,704
Off Market
509 E 3rd St, Monroe, MI 48161
0.03
$118,500
3
1
1,466
Off Market
435 E 3rd St, Monroe, MI 48161
0.03
$190,400
4
1.5
2,600
Off Market
432 E 2nd St, Monroe, MI 48161
0.03
$230,500
4
2
2,059
Off Market
515 E 3rd St, Monroe, MI 48161
0.04
$160,000
2
2
1,312
Off Market
524 E 2nd St, Monroe, MI 48161
0.04
$89,700
3
1
1,016
Off Market
422 E 2nd St, Monroe, MI 48161
0.04
$143,000
4
2
1,557
Off Market
503 E 2nd St, Monroe, MI 48161
0.04
$117,500
6
1.5
2,063
Recently Sold
425 E 3rd St, Monroe, MI 48161
0.04
$166,300
2
2
2,408
Off Market
501 E 2nd St, Monroe, MI 48161
0.04
$160,800
4
1
1,139
Off Market
509 E 2nd St, Monroe, MI 48161
0.04
$136,900
Studio
2
1,442
Off Market
521 E 3rd St, Monroe, MI 48161
0.04
$153,200
3
2
1,953
Off Market
515 E 2nd St, Monroe, MI 48161
0.04
$116,100
3
2
1,056
Off Market
526 E 2nd St, Monroe, MI 48161
0.04
$178,000
3
2.5
2,086
Recently Sold
418 E 2nd St, Monroe, MI 48161
0.05
$164,500
3
2
1,926
Off Market

Local Information

  • Map ViewExplore the area around 506 E 2nd St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1901
1,188 sqft
$156/sqft
Garage

About this House

What's unique:Historical downtown monroeDetached garage
Large 3 bedroom 1 bath single family home for $875/month rent $1,312 security deposit. Must have at least $1,750 to move in. Two story home with 2 bedrooms and a 3rd bedroom within a bedroom on second floor. Main floor has living room, kitchen, dining area, bathroom and 1 bedroom. Basement has washer and dryer hookup. Fenced in yard, has small detached garage. Tenant must put the water, gas, and electric in their name.
No pets allowed at all.
 Must be able to show proof of income
No Evictions on rental history
 Call Brian at 734-625-2112

Tenant pays Water Gas & Electric
506 E 2nd St, Monroe, MI 48161 is a 3 bedroom, 1 bathroom, 1,188 sqft single-family home built in 1901. It last sold for $180,000 on May 6, 2024. More recently, it was listed as a rental in January 2019 with an asking price of $875 per month. That rental listing was removed on March 24, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $185,200, with a rent estimate of $1,241/month.

Home Details for 506 E 2nd St

Interior Features

Interior Details
BasementNumber of Rooms: 9
Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1.5

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Vinyl
Pool
Pool
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1901
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 6969 sqft

Price and Tax history

DateEventPrice
May 6, 2024
Source: N/A
Sold
$180,000
Oct 30, 2023
Source: MiRealSource #50124690
Sold
$75,000
Oct 20, 2023
Source: MiRealSource #50124690
Contingent
$79,000
Oct 11, 2023
Source: MiRealSource #50124690
Listed For Sale
$79,000
Mar 24, 2021
Source: N/A
ListingRemoved

Market trends in Monroe

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$212K
$15.33KMoM
Sale-to-List Price
99.6%
0.7%MoM
Price per sq ft
$154
$2MoM
Available listings
143
12MoM
Sourced by Trulia Market Trends

Around this home

What Locals Say about Monroe

At least 247 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 88 % Say yards are well-kept

  • 86 % Say it's dog friendly

  • 80 % Say parking is easy

  • 78 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 63 % Say there are sidewalks

  • 62 % Say people would walk alone at night

  • 54 % Say neighbors are friendly

  • 54 % Say streets are well-lit

  • 52 % Say there's wildlife

  • 51 % Say it's quiet

  • 51 % Say it's walkable to restaurants

  • 47 % Say it's walkable to grocery stores

  • 47 % Say they plan to stay for at least 5 years

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • J Navarre
    "We have a wonderful Farmers Market, Library System, Biking and walking trails, great parks with free summer concerts. Small town vibes. Friendly people. "
    0
    Flag
  • J Navarre
    "Private subdivision. Mostly working professionals and retired community. A few bad apples. We have a group of neighbors that meet in the driveway for an evening glass of wine. "
    0
    Flag
  • J Navarre
    "I live in a condominium community. Quiet street and some sidewalks. People enjoy walking, biking and dog walking. "
    0
    Flag
  • Trulia User
    "the two main roads telegraph and monroe Street are always laden with construction and I75 always has an accident forcing traffic onto those two streets from the highway, so expect anywhere in monroe to take you 15-25 minutes to get there on a good day"
    1
    Flag
  • Trulia User
    "It’s a condo. No fenced area. Dog must be leashed at all times. No sidewalks available. All walking in the street. "
    1
    Flag
  • Trulia User
    "Quiet, clean, friendly neighborhood. People respect one another and care about their neighbors. I really like it here. I hope others will too."
    0
    Flag
  • Trulia User
    "We have concerts at the park every summer that are all free to attend for everyone, there’s music of all genres to enjoy."
    3
    Flag
  • Susie Q
    "We participate in downtown Monroe events. The music in the park, art, the parades, Christmas tree lighting, the restaurants. You can also spend a day or two walking around reading all the info about Monroe’s history, as well. Talking a stroll by the water...visiting the many parks and many churches to visit of different denominations, too. "
    4
    Flag
  • Paityn S.
    "Great neighbor hood, everyone’s very friendly. Very peaceful, and has beautiful views. I’ve lived here since i was born, and definitely plan on raising my family in or near this area. Very homey. "
    1
    Flag
  • Susie R.
    "I am five minutes or less from downtown, water ways, restaurants and shopping. Love this area. There is a dog park coming soon and until then plenty of places to walk your dog. "
    2
    Flag
  • Katie.focht10
    "There are trails for walking dogs. There is no dog park though. They are talking about doing one though. "
    2
    Flag
  • Joshd76ortiz
    "Great town to raise a family! Have all the resources , utilities, restaurants, shopping centers! Great public schools and private. Just a great place to live!"
    2
    Flag
  • Jayson P.
    "Long flat and featureless. Easy to forget which direction you’re driving on any of Michigan’s commonly cloudy days"
    0
    Flag
  • S.kay1
    "I lived in the neighborhood for 26 years. The residents are neighborly working class, professionals or retirees. I love the spacious property with beautiful mature trees and clean air. Quiet yet close to town, restaurants and a variety of stores. "
    0
    Flag
  • Monica K.
    "dog owners do not pick up after there dogs, but it is a kid friendly place to live. the beach is nice and very well maintenanced. most of everyone keeps up on there landscaping. it's very close to the schools and stores along with expressways"
    0
    Flag
  • Remillard616
    "They should have sidewalks on Telegraph. to use to walk and ride bike safely. not on a muddy path. "
    0
    Flag
  • Whykorey
    "Shoot outs all the time! 3 in the last 2 weeks! Hate this area! Worst place to Live in Monroe! Do not live here!"
    14
    Flag
  • Monroe G.
    "My area is so convenient to everything. Neighborhood store, police, hospital, medical facilities and fire department. Local transportation in front of house. Quick access to stores, schools, churches, downtown, concerts and all highways. It is an amazing area to live with a very small turnover of residents. "
    3
    Flag
  • Mary M.
    "great area for pet owners. plenty of walking trails and public parks to visit within walking distance."
    2
    Flag
  • Mary M.
    "I hope more people see the little gem that Monroe really is. If you take time to talk to your neighbor it's amazing what connections you can make "
    1
    Flag
  • Luke T.
    "This is a great neighborhood to live in. The people are friendly and the town is just the right size. There is a lot of potential here. Monroe is just close enough to all of the big cities, but far enough away to avoid the traffic and chaos. "
    2
    Flag
  • Ebony M. M.
    "Some people do not pick up after their dog!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Some allow dog to relieve themselves on neighbors lawn"
    0
    Flag
  • Firstclassdivaflyer
    "I grew up here since '72. When the street lights come on...be home, at least in your own yard. Adults; this is a safe neighborhood. Talk to your neighbors/socialize. "
    1
    Flag
  • Monroe G.
    "I see people out walking dogs regularly. The dogs seem very friendly as do their owners. The owners pick up after their dogs... many dogs stop by. "
    4
    Flag
  • Joseph P.
    "Not a place to walk Dogs busy roads not many sidewalks more of a rural area there are several parks nearby though "
    0
    Flag
  • Nf123075
    "I've lived in this neighborhood for almost a year, the people are great. I love to walk my dog and go to the beach. everyone is willing to pitch in, the people make the community "
    0
    Flag
  • Krysty H.
    "beware of anything on 5th street. the closer to the higher number streets the better (like 8,9, 10th) besides smith street, most of smith street is terrible."
    0
    Flag
  • Monroe Guy
    "Great location for families with great schools... minutes from Toledo, Ann Arbor, and Detroit as well as Windsor, CA. Multitude of museums, zoos, galleries and family friendly restaurants."
    0
    Flag
  • Nikki L.
    "All of my neighbors look out for each other. We have eachothers backs without being too nosey. Most of us have surveillance cameras setup around the outside of our homes so it would be incredibly difficult for a crime to happen and no one notice it. Its a very secure and safe feeling."
    9
    Flag
  • nf123075
    "I wish I knew, I just moved here. I know there is an Easter egg hunt every year and most of the people are great all the time"
    0
    Flag
  • Brandi K.
    "We have Community yard sales, and also the Fire works that are located next door to my neighborhood at Sterling State Park. Wonderful beach access as well. "
    0
    Flag
  • Kingthomas
    "Everyone watches out for each other’s house. Most of the people get along here. I grew up here and all my kids did too. "
    3
    Flag
  • Bree_brancheau
    "it's close to stores and Restaurants. It's very laid back and relaxed area. close to parks and beaches. "
    1
    Flag
  • Carrie O.
    "Great family area. Many parks within walking distance. Friendly neighborhood. Shopping and restaurant within quarter of a mile. Centrally located in Monroe, close to everything: hospital, health clubs, churches, etc."
    3
    Flag
  • Jim I.
    "This neighborhood is mixed with retirees, working people and families. It is a safe neighborhood and everyone looks out for their neighbors. Walk to the river (1 block away), walk to the Post Office or downtown (3 or 4 blocks away). A great place to live."
    4
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 506 E 2nd St

  • What is 506 E 2nd St estimated to be worth?
    Trulia's estimated value for 506 E 2nd St in Monroe, MI is $185,200.
  • What is the price history for 506 E 2nd St?
    506 E 2nd St in Monroe, MI last sold for $180,000 in May 2024.
  • Is Monroe a buyer's or seller's market?
    Monroe is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Monroe?
    The median sale price in Monroe is $212K. That is down $15.33K from the prior month.
  • Does 506 E 2nd St have a pool?
    Yes, 506 E 2nd St in Monroe, MI has a pool.
  • How big is the lot at 506 E 2nd St?
    The lot at 506 E 2nd St in Monroe, MI is about 0.16 acres (6,969 sq ft).

Explore by feature - Pet Friendly

16 pet-friendly rentals in Monroe, MI

Explore by feature - Garage

10 rentals with a garage in Monroe, MI

Explore by feature - Air Conditioning

24 rentals with air conditioning in Monroe, MI

Explore by feature - Pool

7 homes with a pool in Monroe, MI

Explore by feature - Washer/dryer

15 rentals with a washer/dryer in Monroe, MI

Apartments for Rent

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Off Market Homes Near 506 E 2nd St

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Homes for sale near 506 E 2nd St

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