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188 Peters Ln, Monroe, LA, 71202

3beds
2baths
1,933sqft
$43,500
$23price/sqft
$474/moest. monthly cost
$18,960/yrincome needed

About This Home

Great investment potential. The house has solid bones, but is in need of a complete renovation. Spacious floor plan, nice-sized lot with a huge sunporch. Price to sell.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

7/10
2/10
Richwood High SchoolGrades 8-121.5 mi
3/10

Construction

Condition

  • Property condition: Poor Condition
  • Year built: 1968

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Oven

Bedroom

  • Level: Lower
  • Dimensions: 12.2x11

Bedroom

  • Level: Lower
  • Dimensions: 12x12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Lower
  • Dimensions: 14x11.3

Features

  • Pantry
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 2,873
  • Total interior livable area: 1,933 sqft

Living Room

  • Level: Lower
  • Dimensions: 18.2x15

Master Bedroom

  • Level: Lower
  • Dimensions: 16x15

Property

Details

  • Parcel number: 0014924
  • Special condition: Real Estate Owned

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Concrete,Covered,Porch
  • Exterior features: Porch

Lot

  • Lot size: 0.89 Acres
  • Features: Outside City Limits,Rectangular Lot
  • Lot size dimensions: 148 x 260

Parking

  • Total spaces: 2
  • Parking features: Carport,Two Spaces
  • Carport: 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

  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Heat Wave
Ice Storm
Lightning
Cold Wave
Hail
Inland Flooding
Strong Wind

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $219$2,628
Home Insurance *$90$1,080
Property Taxes $18$216
Electricity $147$1,773
Total$474$5,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$16,251/yr
40% on housing$14,220/yr
45% on housing$12,640/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

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.

Insurance Growth Rate5-year average: 13.7%
13.7%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$23This listing

vs Other Active Listings

Avg $/sqft

ZIP 71202$65
Ouachita Parish$120

vs Homes Sold Last Month

Median $/sqft

ZIP 71202$67
Ouachita Parish$134

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)

No zestimate history available

Price History

No price history available

Unknown Listed By

AgentAMY BROCATO
BrokerageCENTURY 21 BUELOW-MILLER REALTY

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