NOT LISTED FOR SALE

475 Arbor Ave Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $179,000 - $192,000

3 Beds
2 Baths
1,385 Sq Ft
$134/Sq Ft Est. Value

Sale Details

Date Sold: May 2, 2022

Last sale price $140,000 $101 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,226 / mo

30 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Living Room
  • No HOA
  • Porch
  • 1-minute walk to Arbor Lorain Park

About This Home

As of May 2022

Great opportunity for this 3 bed 2 bath home, 1385 sq ft in a good neighborhood just 2 streets away from incredible Hollywood Drive. Walking distance to downtown Monroe. Home is move-in ready, but could use some updating to bring back it's original charm. New roof in 2016. Priced to sell as-is, and will be a great investment for a lucky family. 3 beds, 2 baths, formal dining room, A/C, basement, front porch, back deck and awesome garage and large driveway are the features that make this home an incredible bargain. Priced to sell!!! Cash or conventional financing only. Seller is a licensed agent in the State of Michigan.

Last Agent to Sell the Property

Ed Kolar

Workhorse Realty LLC License #6506047132 Listed on: 03/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,750

Year Built

  • Built in 1921

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x120
  • Property is zoned R-1C, R-1C

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,385 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on lower level

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Riverview Sub Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,750

Year Built

Built in 1921

Lot Details

4,792 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 2
  • Year Built: 1921
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 100.72
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x120
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1385.0
  • General Property Info:Main Level Primary: No
  • Tax Info:Annual Property Tax: 1750.0
  • Tax Info:Zoning3: R-1C
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Location Property Info:Subdivision2: Riverview Sub
  • General Property Info:SqFt Above Grade: 1385.0
  • Additional Items:Sump Pump: Yes
  • Laundry Features Lower Level: Yes
  • General Property Info Garage YN: Yes
  • Flooring:Vinyl Floor: Yes
  • Flooring:Carpet Floor: Yes
  • Flooring:Laminate Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Oven, Range, Refrigerator
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Ceiling Fan(s), Garage Door Opener
  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1385.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 700.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 139500.0
  • Lot Features: Sidewalk
  • Patio and Porch Features: Deck, Porch(es)
  • Exterior Material:Vinyl Siding: Yes
  • Patio and Porch Features:Porch(es): Yes
  • Patio and Porch Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Lower Level
  • Sewer: Public
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 40x120
  • Lot Size Sq Ft: 4792.0
  • Zoning Description: R-1C

Tax Info

  • Tax Annual Amount: 1750.0
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2022
Closed on
May 11, 2022
Sold by
Bought by
Seller's Agent
Ed Kolar
Workhorse Realty LLC
List Price
$139,500
Sold Price
$140,000
Premium/Discount to List
$500
0.36%
Current Estimated Value
$184,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,899
Avg. Annual Appreciation
6.88%
Original Mortgage
$140,000
Outstanding Balance
$133,021
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$51,878

Purchase Details

Listed on
Aug 25, 2021
Closed on
Jan 25, 2022
Sold by
Bought by
Seller's Agent
Erica Mendez
Real Estate One Monroe
Buyer's Agent
Ed Kolar
Workhorse Realty LLC
List Price
$144,900
Sold Price
$130,000
Premium/Discount to List
-$14,900
-10.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.01%

Purchase Details

Closed on
Feb 25, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,797
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
10.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$140,000 Lawyers Title
$130,000 Lawyers Title
$139,000 --
$45,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $140,000
Previous Owner $137,797
Previous Owner $72,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2022 05/02/22 Sold $140,000 +0.4% $101 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
03/27/2022 03/27/22 For Sale $139,500 +7.3% $101 / Sq Ft
01/10/2022 01/10/22 Sold $130,000 -8.8% $94 / Sq Ft View Prior Sale
12/23/2021 12/23/21 Pending -- -- --
11/10/2021 11/10/21 Price Changed $142,500 -1.7% $103 / Sq Ft
10/23/2021 10/23/21 For Sale $144,900 0.0% $105 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
09/27/2021 09/27/21 Price Changed $144,900 -3.3% $105 / Sq Ft
08/27/2021 08/27/21 For Sale $149,900 -- $108 / Sq Ft
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,799 $88,100 $88,100 $0
2024 $2,732 $88,080 $0 $0
2023 $2,613 $75,270 $0 $0
2022 $1,757 $75,270 $0 $0
2021 $1,750 $69,010 $0 $0
2020 $1,635 $61,810 $0 $0
2019 $1,554 $61,810 $0 $0
2018 $1,513 $50,470 $0 $0
2017 $1,484 $50,470 $0 $0
2016 $1,451 $46,530 $0 $0
2015 $1,392 $34,920 $0 $0
2014 $1,392 $34,920 $0 $0
2013 -- $40,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ed Kolar

    Seller's Agent in 2022

    Ed Kolar

    Workhorse Realty LLC

    (734) 564-8968

    2 in this area

    137 Total Sales

    Ed Kolar
    Section Image
  • Erica Mendez

    Seller's Agent in 2022

    Erica Mendez

    Real Estate One Monroe

    (734) 770-4705

    12 in this area

    158 Total Sales

    Erica Mendez
    Section Image
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Map

Source: MichRIC

MLS Number: 23089671

MichRIC

APN: 55-59-01317-000

Michigan Monroe County Monroe 48162 Northeast Monroe

475 Arbor Ave, Monroe, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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