640 Gatewood Way, Monroe, GA, 30656
About This Home
Welcome home to this charming 3-bedroom, 2-bath ranch nestled in an established neighborhood in the heart of Monroe. Situated on a spacious lot, this inviting home offers comfortable one-level living with approximately 1,230 square feet of well-designed space.Step inside to find a bright and functional layout featuring a cozy living area, a spacious kitchen with plenty of cabinet space, and a dining area perfect for everyday meals or entertaining guests. The primary suite offers a private bath, while two additional bedrooms provide flexibility for family, guests, or a home office. Enjoy outdoor living in the large freshly pressure washed backyard, ideal for relaxing, gardening, or hosting weekend gatherings. An attached garage and ample driveway parking add convenience, while the home's location provides easy access to downtown Monroe, schools, shopping, and dining. Whether you're a first-time homebuyer, downsizing, or looking for an investment opportunity, this move-in-ready home offers comfort, value, and a great location.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 2004
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Other
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher
- Laundry features: In Hall
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Features
- High Ceilings
- Flooring: Hardwood
- Number of fireplaces: 1
- Fireplace features: Factory Built
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 1,230
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,230
- Total interior livable area: 1,230 sqft
Kitchen
- Features: Breakfast Bar
Property
Accessibility
- Accessibility features: Accessible Doors
Details
- Parcel number: NM11B011
Features
- Levels: One
- Stories: 1
- Exterior features: Other
- Waterbody name: None
Lot
- Lot size: 0.35 Acres
- Features: Level,Open Lot
Parking
- Total spaces: 4
- Parking features: Garage
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Heat Wave
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,491 | $17,892 |
| Home Insurance * | $133 | $1,596 |
| Property Taxes | $603 | $7,236 |
| Electricity | $219 | $2,637 |
| Total | $2,446 | $29,352 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-18 | Listed for sale | $295,000 |
| 2019-03-01 | Sold | $130,000 |
| 2019-01-28 | Pending sale | $130,000 |
| 2019-01-22 | Listed for sale | $130,000 |
| 2018-11-27 | Pending sale | $130,000 |
| 2018-11-23 | Listed for sale | $130,000 |
| 2015-10-02 | Listing removed | $900 |
| 2015-09-14 | Price change | $900 |
| 2015-06-25 | Listed for rent | $950 |
| 2008-07-21 | Listing removed | $75,000 |
| 2008-07-19 | Price change | $75,000 |
| 2008-05-06 | Listed for sale | $100,000 |
| 2008-03-11 | Listing removed | $116,900 |
| 2008-02-01 | Listed for sale | $116,900 |
| 2004-09-15 | Sold | $123,000 |
For Sale by Agent
View on Zillow