Google street view image for 506 Wallace Rd, West Monroe, LA 71291

Off market

$382,331

•

4 ba

•

4,294

sq ft

506 Wallace Rd, West Monroe, LA 71291

About this home

506 Wallace Rd is a 4,294 square foot house on a 1.07 acre lot with 5 bedrooms and 4 bathrooms. Based on Redfin's West Monroe data, we estimate the home's value is $382,331.

Single-familyProperty Type

1980Year Built

1.07 acresLot Size

$89Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$382,331

$18K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 87.2% higher than the average sale price ($204K) of 4 comparable homes.

SOLD MAY 28, 2026
$100,000
A
4 beds3 baths2,509 sq ft
1516 Wellerman Rd, West Monroe, LA 71291
SOLD SEP 21, 2026
$199,000
B
3 beds2 baths2,080 sq ft
207 Western Ave, West Monroe, LA 71291
SOLD JUN 12, 2026
$299,900
C
4 beds3.5 baths2,150 sq ft
129 Creole Ln, West Monroe, LA 71291
SOLD JUL 21, 2026
$218,000
D
3 beds2 baths1,280 sq ft
609 Nichols Pl, West Monroe, LA 71291

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Earn from this home

Rent

$1,717/mo

Redfin rental estimate

List your home for rent

Market trends in 71291, LA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.0%

0.1% MoM

Median sale price

$250K

$15K MoM

Avg. days on market

17d

5 days MoM

Recently sold homes

5 MoM

New listings for sale

OPEN SUN, 8PM TO 10PM
$485,000
5 beds3 baths2,667 sq ft
501 Bella Vista Dr, West Monroe, LA 71291
NEW 31 HRS AGO
$139,000
3 beds2 baths1,680 sq ft
512 Hillside Cir, West Monroe, LA 71291
NEW 1 DAY AGO
$129,000
2 beds— baths1,098 sq ft
103 Westchase Dr, West Monroe, LA 71291
OPEN SUN, 8PM TO 10PM
$750,000
5 beds3.5 baths3,765 sq ft
209 Canyon Rd, West Monroe, LA 71291
$325,000
3 beds2 baths1,672 sq ft
107 Searcy Ln, West Monroe, LA 71291
$285,000
3 beds2 baths1,533 sq ft
128 Piney Cv, West Monroe, LA 71291
FOR SALE BY OWNER
$530,000
4 beds3 baths2,772 sq ft
910 Wallace Rd, West Monroe, LA 71291
See all

Provided by Redfin

Sale history for 506 Wallace Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$3,175 (−1.2%)

$3,540 + $31,640

$35,180

2024

$3,214 (+7.6%)

$3,540 + $31,640

$35,180

2023

$2,987 (+1.1%)

$3,540 + $29,755

$33,295

2022

$2,954 (+9.3%)

$3,540 + $29,755

$33,295

2021

$2,703

$3,540 + $26,550

$30,090

2020

$2,703 (+0.3%)

$3,540 + $26,550

$30,090

2019

$2,695

$3,540 + $26,550

$30,090

2018

$2,695 (+24.6%)

$3,540 + $26,550

$30,090

2017

$2,163

$2,500 + $21,655

$24,155

2016

$2,162 (+0.2%)

$2,500 + $21,655

$24,155

2015

$2,157

$2,500 + $21,655

$24,155

2014

$2,157

$2,500 + $21,655

$24,155

Tax history for 506 Wallace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,175 (−1.2%)

$3,540 + $31,640

$35,180

2024

$3,214 (+7.6%)

$3,540 + $31,640

$35,180

2023

$2,987 (+1.1%)

$3,540 + $29,755

$33,295

2022

$2,954 (+9.3%)

$3,540 + $29,755

$33,295

2021

$2,703

$3,540 + $26,550

$30,090

2020

$2,703 (+0.3%)

$3,540 + $26,550

$30,090

2019

$2,695

$3,540 + $26,550

$30,090

2018

$2,695 (+24.6%)

$3,540 + $26,550

$30,090

2017

$2,163

$2,500 + $21,655

$24,155

2016

$2,162 (+0.2%)

$2,500 + $21,655

$24,155

2015

$2,157

$2,500 + $21,655

$24,155

2014

$2,157

$2,500 + $21,655

$24,155

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Exterior

Exterior Information
Physical Condition: Average
Building Construction Quality: Average
Building Type: Residential

Property Information
Living Sq. Ft: 4,294
Legal Description: LOT IN W2 OF SE4 OF SW4 SEC 20, T18N RE3, BEG AT INTERSECTION OF E LINE WALLACE-WILSON ROAD & S LINE OF SE4 OF SW4 SEC 20, E 226 FT TO SW CORNER LOT 8, ROCK- THROW SUB., DEPTH N 200 FT

Parking & Garage Information
Parking Type: Garage/Carport
Garage/Parking Sq. Ft: 572
Garage / Carport Type: Garage/Carport

Lot Information
# of Buildings: 1
Land Sq. Ft: 46,778
Legal Lot Number: 8
Municipality Name: WARD 05
Acres: 1.0739
County Use Description: SINGLE FAMILY RESIDENCE

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 5
Baths: 4.0
Sq. Ft.: 4,294
Stories: —
Lot Size: 1.07 acres
Style: Single Family Residential
Year Built: 1980
Year Renovated: —
County: Ouachita Parish
APN: 24261-R

Home facts updated by county records on Oct 21, 2026

Around this home

Schools

K - 12
Preschool & daycare

Claiborne School

Public PreK-5 • Assigned • 0.9mi

7/10

West Ridge Middle School

Public 6-8 • Assigned • 1.9mi

8/10

West Monroe High School

Public 8-12 • Assigned • 2.9mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 111° expected this year, 19 days in 30 years

7/10 Wind Factor

76% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

West Monroe, LA • 71291

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 5 hours in December, placing it above the U.S. average for solar exposure.

10.2 hrs

5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$364,000 – $440,000

Sell confidently with a local market expert in West Monroe. 3 minutes to get started.

Nearby similar homes

$279,900

3 beds2 baths1,644 sq ft

601 Splane Dr, West Monroe, LA 71291

Hvac system replaced • New water heater • Replaced dishwasher

$624,500

3 beds3 baths3,754 sq ft

211 Bayside Dr, West Monroe, LA 71291

Brick exterior • Mature trees • Private street

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3 beds2 baths1,617 sq ft

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$195,000

3 beds2 baths1,665 sq ft

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Corner lot • Close to shopping • Grocery stores

NEW CONSTRUCTION

$286,900

4 beds2 baths1,519 sq ft

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Craftsman-style home • Open floor plan • Walk-in pantry

3D WALKTHROUGH

$474,900

4 beds3 baths3,000 sq ft

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Custom-built home • Gourmet kitchen • Coffee bar

New listings for sale in 71291

OPEN SUN, 8PM TO 10PM3D WALKTHROUGH

$485,000

5 beds3 baths2,667 sq ft

501 Bella Vista Dr, West Monroe, LA 71291

Covered front entry • Convenient mudroom • Spacious living room

NEW 31 HRS AGO

$139,000

3 beds2 baths1,680 sq ft

512 Hillside Cir, West Monroe, LA 71291

Fenced backyard • Covered back deck • 0.37 acre lot

NEW 1 DAY AGO

$129,000

2 beds— baths1,098 sq ft

103 Westchase Dr, West Monroe, LA 71291

3,049 sq ft lot

OPEN SUN, 8PM TO 10PM3D WALKTHROUGH

$750,000

5 beds3.5 baths3,765 sq ft

209 Canyon Rd, West Monroe, LA 71291

Covered front porch • Grand entry • Spacious living room

$325,000

3 beds2 baths1,672 sq ft

107 Searcy Ln, West Monroe, LA 71291

Well maintained home • Ample cabinet space • 6,969 sq ft lot

$285,000

3 beds2 baths1,533 sq ft

128 Piney Cv, West Monroe, LA 71291

Craftsman style home • Open floor plan • Granite countertops

FOR SALE BY OWNER

$530,000

4 beds3 baths2,772 sq ft

910 Wallace Rd, West Monroe, LA 71291

3.15 acres • Beautiful pond • Detached shop

Home values near 506 Wallace Rd

Data from public records.

Address	Redfin Estimate
500 Wallace Road, West Monroe, LA 3 Beds \| 2 Baths \| 1450 Sq. Ft.	$136,127
502 Wallace Road, West Monroe, LA 4 Beds \| 3 Baths \| 2166 Sq. Ft.	$258,916
496 Wallace Road, West Monroe, LA 3 Beds \| 3 Baths \| 1854 Sq. Ft.	$218,030
106 Oak Street, West Monroe, LA 3 Beds \| 2 Baths \| 1352 Sq. Ft.	$174,842
102 Oak Street, West Monroe, LA 2 Beds \| 1 Baths \| 999 Sq. Ft.	$128,880
104 Oak Street, West Monroe, LA 3 Beds \| 2 Baths \| 1730 Sq. Ft.	$189,000
114 Jessica Place, West Monroe, LA 3 Beds \| 2 Baths \| 1814 Sq. Ft.	$206,408

Address	Redfin Estimate
516 Wallace Road, West Monroe, LA 3 Beds \| 2 Baths \| 1819 Sq. Ft.	$209,638
504 Wallace Road, West Monroe, LA 4 Beds \| 2 Baths \| 2755 Sq. Ft.	$252,102
107 Oak Street, West Monroe, LA 3 Beds \| 2 Baths \| 1617 Sq. Ft.	$216,125
311 Summerville Lane, West Monroe, LA 3 Beds \| 3 Baths \| 1965 Sq. Ft.	$255,775
309 Summerville Lane, West Monroe, LA 3 Beds \| 2 Baths \| 2432 Sq. Ft.	$276,104
104 Jessica Place, West Monroe, LA 3 Beds \| 2 Baths \| 1886 Sq. Ft.	$214,265
103 Oak Street, West Monroe, LA 4 Beds \| 3 Baths \| 2173 Sq. Ft.	$248,879

Address	Redfin Estimate
513 Wallace Road, West Monroe, LA 4 Beds \| 2 Baths \| 2760 Sq. Ft.	$304,025
503 Wallace Road, West Monroe, LA 4 Beds \| 2 Baths \| 2585 Sq. Ft.	$313,867
105 Oak Street, West Monroe, LA 3 Beds \| 2 Baths \| 1556 Sq. Ft.	$205,173
100 Jessica Place, West Monroe, LA 3 Beds \| 2.5 Baths \| 2210 Sq. Ft.	$284,829
110 Jessica Place, West Monroe, LA 3 Beds \| 2 Baths \| 1800 Sq. Ft.	$206,038
305 Summerville Lane, West Monroe, LA 4 Beds \| 2 Baths \| 1999 Sq. Ft.	$236,917
308 Summerville Lane, West Monroe, LA 4 Beds \| 3.5 Baths \| 3660 Sq. Ft.	—

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About this home

Redfin Estimate

Earn from this home

Market trends in 71291, LA

Sale history for 506 Wallace Rd

Tax history for 506 Wallace Rd

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 71291

Home values near 506 Wallace Rd

More real estate resources