Sold
718 Waterloo Avenue, Monroe, MI 48161
Sold on 07/02/2026 for$237,500
MLS # 20261035258 (Realcomp)
3 beds1 bath1,506 sqftBuilt 19510.21 acres
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Listing Description
Welcome home to this beautifully updated bungalow in the heart of Monroe! Offering approximately 1,500 square feet of move-in-ready living space, this 3-bedroom, 1-bath home blends timeless character with modern updates throughout. Step inside and immediately appreciate the stunning hardwood floors, cozy fireplace, and abundance of natural light pouring through newer Pella windows installed in 2021. The completely renovated kitchen is a showstopper featuring quartz countertops, stainless steel appliances, gas stove, and all appliances included — making this home truly turnkey from day one. Major mechanical updates provide peace of mind including a newer furnace and central air system (approximately 3 years old), newer water heater, and a roof estimated at approximately 10 years old. Heated bathroom floors. Outside, enjoy the oversized yard perfect for entertaining, pets, gardening, or simply relaxing outdoors. A detached 1+ car garage and welcoming front porch complete the package. Conveniently located near downtown Monroe, shopping, restaurants, parks, and schools. Enjoy quick access to favorites like Public House Food + Drink, Princess Grill of Monroe, Meijer, and Hi-Lite Fresh Market. Outdoor lovers will appreciate nearby Munson Park and scenic Veteran's Park, while Waterloo Parkoffers trails, playgrounds, fishing access, and riverfront recreation just minutes away. This one checks all the boxes — character, updates, location, and value. Just unpack and enjoy!
Source: SparkMLS
About this home
Located in Monroe in Monroe, this property offers 3-bedroom, 1-bath, 1,506 sq ft, with original construction dating to 1951.
This home sold for $237,500 (about $158/sq ft).
Annual property taxes run approximately $2,480 ($207/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,506 sqft
Lot Size0.21 acres
Year Built1951
Stories2
Location
CityMonroe
MunicipalityMonroe Twp
Zip Code48161
CountyMonroe
School DistrictMonroe
Construction & Systems
ConstructionVinyl Siding
Garage1.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/14/2026
Sold Date7/1/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,480
Parcel #58551900691000
Source: SparkMLS
Legal Description
SOUTH CUSTER HEIGHTS LOT 134 & SOUTH 1/2 OF LOT 135
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Matthew Berney
Quest Realty LLC
Frequently Asked Questions about 718 Waterloo Avenue, Monroe, MI 48161
Which school district serves 718 Waterloo Avenue, Monroe, MI 48161?
Per MLS# 20261035258, 718 Waterloo Avenue, Monroe, MI 48161 is in the Monroe boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Monroe directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261035258, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 718 Waterloo Avenue, Monroe, MI 48161?
Per public tax records, annual property taxes for this property are $2,480. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 718 Waterloo Avenue, Monroe, MI 48161 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 718 Waterloo Avenue, Monroe, MI 48161 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 718 Waterloo Avenue, Monroe, MI 48161?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Michigan Gas Utilities Corporation. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Monroe County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$1,556
Principal & interest$1,556
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
718 Waterloo Avenue, Monroe, MI 48161
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Municipality
Monroe
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County
Monroe County
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