Active under contract

$225,000

408 Reed Way, Monroe, GA 30655

3beds

1,300sqft

$1,563/mo

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Single Family Residence

Built in 1990

0.31 Acres Lot

$219,200 Zestimate^®

$173/sqft

$-- HOA

What's special

INVESTOR SPECIAL: 3BR/2BA single-family home in Monroe. Built in 1990 on a level 0.31-acre lot. Strong rental history and neighborhood comps approaching $300k. Property sold as-is, where-is. No showings until binding contract. Drive-by only; please respect resident privacy.

80 days

695

27

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 3

Rooms

Room types: Other

Heating

Electric

Cooling

Central Air

Appliances

Included: Other
Laundry: In Kitchen

Features

Master On Main Level, Other
Flooring: Vinyl
Basement: None
Has fireplace: No
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,300
Total interior livable area: 1,300 sqft
Finished area above ground: 1,300
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Off Street

Features

Levels: One
Stories: 1
Patio & porch: Patio
Exterior features: Other
Waterfront features: No Dock Or Boathouse
Body of water: None

Lot

Size: 0.31 Acres
Features: Private

Details

Parcel number: NM06B041

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch,Traditional
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Slab
Roof: Composition

Condition

Fixer
New construction: No
Year built: 1990

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Community & HOA

Community

Features: None
Subdivision: Reed Manor

HOA

Has HOA: No
Services included: None

Location

Region: Monroe

Financial & listing details

Price per square foot: $173/sqft
Tax assessed value: $191,800
Annual tax amount: $1,953
Date on market: 5/18/2026
Cumulative days on market: 80 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash
Electric utility on property: Yes

Estimated market value

$219,200

$208,000 - $230,000

$1,772/mo

Price history

Date	Event	Price
8/5/2026	Pending sale	$225,000$173/sqft
Source: FMLS GA #7772382 Report a problem
5/18/2026	Listed for sale	$225,000+268.9%$173/sqft
Source: FMLS GA #7772382 Report a problem
9/30/1997	Sold	$61,000$47/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,755 -0.1%	$76,720 +3.2%
2023	$1,756 +62.4%	$74,360 +71.3%
2022	$1,082 +6.6%	$43,400 +10.3%
2021	$1,015 +8.5%	$39,360 +9.9%
2020	$935 +32%	$35,800 +29.1%
2019	$709 +7.2%	$27,720 +5.8%
2018	$661 +1.6%	$26,200
2017	$651 -12.1%	$26,200 +19.3%
2016	$740 +38.2%	$21,960 +48.8%
2015	$535	$14,760 +0.3%
2014	$535	$14,720
2013	--	--
2012	--	--
2011	--	--
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2006	--	$79,227 +13.6%
2005	--	$69,716
2004	--	$69,716 +11.2%
2003	--	$62,675
2002	--	$62,675 +6.5%
2001	--	$58,856

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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