About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1506 E Monroe St, Phoenix, AZ 85034

$399,500

Last sold 03/19/2025 after 140 Days

3
bed
2
bath
1,221
Sqft ($327/Sqft)

House not for sale

About 1506 E Monroe St

Property type House

Neighborhood

Year built 1941

HOA fee $0/month

Lot size 6,750 Sqft

Rental estimate

Property description

Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunityâ€''live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!

Listed by

Listing Agent - Preston Dean Richardson

Listing Office - Realty ONE Group Mountain Desert

Source: ARMLS

MLS#6777514 • last updated 1 month ago

Movoto checked ARMLS for data 2 minutes ago

Overview
Cooling/AC	Central Air
Heating	Natural Gas
Levels/Style	1
MLS #	6777514
Type	Residential
Status	Closed
SubType	Single Family Residence
SqFt	1221
Lot Size (Acres)	0.16
Lot Size (Sqft)	6750
Property Tax	2082
Builder Name	UNK
Year Built	1941

Interior
Total # of Bathrooms	2
Total # of Bedrooms	3
Laundry	Gas Dryer Hookup, Wshr/Dry HookUp Only
Flooring	Vinyl, Tile, Wood
Interior Features	High Speed Internet, Granite Counters, No Interior Steps, 3/4 Bath Master Bdrm
Appliances	Refrigerator, Dishwasher, Disposal, Gas Range, Gas Oven
Window Features	Dual Pane

Exterior
Roof	Composition
Construction	Stucco, Painted, Adobe
# of Carport Spaces	1
# of Open Parking Spaces	2
# of Covered Spaces	1
Patio/Porch	Covered Patio(s)
Fencing	Block, Wrought Iron
Exterior Features	Other
Lot Features	Sprinklers In Front, Gravel/Stone Front, Synthetic Grass Frnt

Amenities / Utilities
Water Source	Public
Sewer/Septic	Public Sewer
Spa	None
HOA Fee Includes	No Fees
Pool	None

Location
Subdivision	COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Elementary School	ASU Preparatory Academy - Polytechnic Elementary
Elementary School District	Wilson Elementary District
Middle School	ASU Preparatory Academy - Phoenix Middle School
High School District	Phoenix Union High School District
High School	ASU Preparatory Academy - Phoenix High School
APN	116-46-015
Directions	Heading West On Van Buren Turn South On 15th St. Continue South On 15th St To Monroe St., Turn East On Monroe To House On The North Side Of Road

Lot/ Land Details
Road Responsibility	City Maintained Road
Possible Use	Other

We are not permitted to show value estimates for this property.

Lower your payment with the loan terms that fit you.

Mar 2025
MLS # 6777514
Mar 19, 2025 Sold
$399,500 (-6.0%)
Mar 12, 2025 Active
—
Feb 13, 2025 Price Change
$425,000 (-3.4%)
Dec 19, 2024 Listed
—
Nov 22, 2024 Active
—
Oct 30, 2024 Listed
$440,000 (+14.3%)
May 2021
MLS # 6234780
May 22, 2021 Price Change
$385,000 (-2.5%)
May 12, 2021 Listed
$395,000 (-1.0%)
Apr 2021
MLS # 6224376
Apr 20, 2021 Listed
$399,000
Feb 2021
MLS # 6192992
Feb 23, 2021 Price Change
$399,000 (-4.9%)
Feb 16, 2021 Price Change
$419,500 (-2.4%)
Feb 11, 2021 Listed
$429,900 (+135.6%)
Sep 2020
MLS # 6112831
Sep 15, 2020 Sold
—
Sep 4, 2020 Listed
—
Aug 31, 2020 Pending
—
Aug 29, 2020 Sold
$182,500 (-27.0%)
Aug 14, 2020 Pending
—
Aug 7, 2020 Listed
—
Aug 5, 2020 Pending
—
Aug 5, 2020 Listed
$250,000
Aug 2, 2020 Listed
—

Year Property taxes Tax assessment
2024
$2,082 +1.0%

$25,150 -15.09%
2023
$2,061 +346.7%

$29,620 +19.58%
2022
$461 +0.7%

$24,770 +51.68%
2021
$458 -1.1%

$16,330 +22.6%
2020
$463 +0.2%

$13,320 +5.97%
2019
$463 +1.7%

$12,570 +34.15%
2018
$455 +2.4%

$9,370 +30.14%
2017
$444 +3.0%

$7,200 +12.85%
2016
$431 +8.1%

$6,380
2015
$399

—

1506 E Monroe St
$399K
Eastlake Park
$369K -38% y/y
85034
$350K -16% y/y
Phoenix
$460K -1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1518 E Monroe St, Phoenix, AZ 85034	$381,000	4/1	1,066	0.03
1446 E Monroe St, Phoenix, AZ 85034	$466,000	3/—	1,425	0.03
1442 E Monroe St, Phoenix, AZ 85034	$465,000	3/2	1,448	0.04
1522 E Monroe St, Phoenix, AZ 85034	$370,000	—/1	1,058	0.04
1517 E Monroe St, Phoenix, AZ 85034	$368,000	—/1	1,294	0.05
1521 E Monroe St, Phoenix, AZ 85034	$439,000	—/2	1,406	0.05
1530 E Monroe St, Phoenix, AZ 85034	$473,000	—/2	1,354	0.06
1434 E Monroe St, Phoenix, AZ 85034	$337,000	—/1	1,000	0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.