522 Toledo Avenue, Monroe, MI 48161
Est. $2,479/mo with current taxes · · See the breakdown
About this home
Welcome home to this charming property in Monroe! Featuring a comfortable layout, a finished basement with additional living space, and a convenient location close to local shopping, restaurants, parks, and everyday amenities. Enjoy the opportunity to make this home your own while taking advantage of all that the surrounding area has to offer. Don't miss your chance to see all the possibilities this property has to offer!
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 43.68 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $294,900 |
| Beds | 3 |
| Baths | 2 full |
| Square feet | 1,950 |
| Type | Single family residence |
| Subdivision | WATERLOO HEIGHTS |
| County | Monroe |
| MLS # | 20261078899 |
| Listed | 2026-10-27 |
| Days on market | 7 |
| Year built | 1923 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Finished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Wood |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Parcel number | 58551900811000 |
| Listing office | EXP Realty Plymouth |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $94,997 | about $147,450 |
| Yearly property tax | $5,763 | about $6,441 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $678 a year more than this seller pays. The assessor's state equalized value (SEV) is $100,200. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Monroe's 2025 homestead rate of 43.68 mills and assumes you claim the homestead exemption. See Monroe's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-03T10:57+00:00; refreshed at least twice daily.