713 W 5th Street, Monroe
$87,400
About this home
Investor special with tons of potential! This 4-bedroom, 2.5-bath bungalow needs some TLC but offers a great opportunity for a flip, rental, or future home. Features include a deep 2-car detached garage and a full basement with plumbing, providing plenty of additional space and possibilities. Bring your vision and make this property shine!
The facts
| Price | $87,400 |
| Original price | $99,900 |
| Price cut | −$12,500 |
| Beds | 4 |
| Baths | 2 full |
| Square feet | 1,315 |
| Type | Single family residence |
| Subdivision | BACON |
| County | Monroe |
| MLS # | 20261078979 |
| Listed | 2026-09-29 |
| Days on market | 26 |
| Year built | 1903 |
| Possession | At closing |
| Stories | 1.5 stories |
| Basement | Full, Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 2.5 |
| Water / Sewer | City water & sewer |
| Parcel number | 58551900030000 |
| Listing office | Amerapro |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $54,942 | about $43,700 |
| Yearly property tax | $2,360 | about $1,909 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $75,000. 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.
Ask Match Realty about this home
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 2026-10-25T23:19+00:00; refreshed at least twice daily.