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For sale
  • Listed by: Connected Real Estate Group • JESSICA PANKRATZ • Contact: 541-740-1466
    Price cut: $15K (5/23)
    $295,000

    505 Broad St S, Monmouth, OR 97361

    4beds
    1,085sqft
    : 
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    Single Family Residence
    Built in 1940
    0.28 Acres Lot
    $-- Zestimate®
    $272/sqft
    $-- HOA

    What's special

    Cute downtown property with amazing potential; this charming home is set on a spacious oversized lot with development possibilities in the heart of Monmouth. 4BR/1BA, this two-story home is set on .28 acres, has a detached 2-car garage/workshop, tool lean-to and a garden shed located in a gorgeous backyard with mature landscaping. There is an RV disposal with plenty of room for RV parking. In need of TLC, there is loads of potential for a home owner or developer. Buyer to confirm with the City of Monmouth. Charming 1940s Two-Story Home on Spacious Double Lot with Development PotentialDiscover the possibilities in this classic 1940s two-story home situated on over a quarter-acre lot in Monmouth. With four bedrooms and one bathroom, this home offers a unique blend of vintage charm and exciting potential. Though it could use some TLC, the property’s highlights make it a standout opportunity.The expansive lot features a beautifully landscaped garden and backyard with mature trees and flowering shrubs, creating a peaceful retreat with plenty of space to relax and entertain. For added convenience, the property includes a detached two-car garage with an adjoining workshop, a garden shed, and ample room for RV parking, complete with an RV disposal.In addition to its charm and size, the property’s oversized lot presents potential for development. According to the City of Monmouth, a multifamily unit may be possible (buyer to verify and perform due diligence).This property is perfect for those looking to restore a classic home, invest in additional development, or simply enjoy a spacious garden sanctuary in the heart of Monmouth. Don’t miss out on this one-of-a-kind opportunity!
    601 days
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    1,308
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    86
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    Zillow last checked:

    Listing updated:

    Listed by:

    JESSICA PANKRATZ Agent:541-740-1466,

    Connected Real Estate Group

    Source: WVMLS,MLS#: 823213MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Main
      Bedroom 2
      • Level: Main
      Bedroom 3
      • Level: Upper
      Bedroom 4
      • Level: Upper
      Dining room
      • Features: Area (Combination)
      • Level: Main
      Kitchen
      • Level: Main
      Living room
      • Level: Main
      Heating
      • Electric, Floor Furnace
      Appliances
      • Included: Electric Water Heater
      Features
      • Flooring: Carpet, Vinyl
      • Has fireplace: No
      Interior area
      • Total structure area: 1,085
      • Total interior livable area: 1,085 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, RV Disposal
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Patio
      • Exterior features: Light Red
      • Fencing: Partial
      Lot
      • Size: 0.28 Acres
      • Dimensions: 61 x 187
      • Features: Dimension Above, Landscaped
      Details
      • Additional structures: Workshop, Shed(s), RV/Boat Storage
      • Parcel number: 192789
      • Zoning: RM

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Asbestos, Lap Siding
      • Foundation: Continuous
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1940

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Monmouth

      Financial & listing details

      • Price per square foot: $272/sqft
      • Tax assessed value: $322,600
      • Annual tax amount: $2,339
      • Price range: $295K - $295K
      • Date on market: 11/14/2024
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Rehab Loan

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,085/mo

        Price history

        DateEventPrice
        6/5/2026Listed for sale$295,000$272/sqft
        Source: WVMLS #823213 Report a problem
        5/30/2026Pending sale$295,000$272/sqft
        Source: RMLS (OR) #653049998 Report a problem
        5/30/2026Contingent$295,000$272/sqft
        Source: WVMLS #823213 Report a problem
        5/23/2026Price change$295,000-4.8%$272/sqft
        Source: WVMLS #823213 Report a problem
        10/1/2025Price change$310,000-4.6%$286/sqft
        Source: WVMLS #823213 Report a problem
        6/25/2025Price change$325,000-7.1%$300/sqft
        Source: WVMLS #823213 Report a problem
        11/14/2024Listed for sale$350,000$323/sqft
        Source: WVMLS #823213 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,245 -4%$132,220 +3%
        2023$2,339 +11.1%$128,370 +3%
        2022$2,105 +1.2%$124,640 +3%
        2021$2,081 +4.1%$121,010 +3%
        2020$1,998 +3%$117,490 +3%
        2019$1,940 $114,070 +3%
        2018$1,940 +3.6%$110,750 +3%
        2017$1,873 +0.5%$107,530 +3%
        2016$1,863 -2.1%$104,400 +3%
        2015$1,904 +4.6%$101,360 +3%
        2014$1,820 +10.1%$98,410 +3%
        2013$1,652 +3.4%$95,550 +3%
        2012$1,597 +3.1%$92,770 +3%
        2011$1,549 +3.6%$90,070 +3%
        2010$1,495 -0.4%$87,450 +3%
        2009$1,501 +2.9%$84,910 +3%
        2008$1,459 -0.8%$82,440 +3%
        2007$1,471 +7.1%$80,040 +3%
        2006$1,374 -1.5%$77,710 +3%
        2005$1,394 +5.4%$75,450 +3%
        2004$1,322 $73,260

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 97361

        Getting around

        57 / 100
        Somewhat Walkable
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Monmouth
        • Middle: Talmadge
        • High: Central

        Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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