NOT LISTED FOR SALE

503 Arbor Ave Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $175,000 - $199,000

4 Beds
2 Baths
1,388 Sq Ft
$135/Sq Ft Est. Value

Last Sold February 15, 2023

Last sale price $170,000 $122 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,197/month

11 Days on Market

Highlights

  • Colonial Architecture
  • Covered patio or porch
  • Bar Fridge
  • No HOA
  • Stainless Steel Appliances
  • 1-minute walk to Arbor Lorain Park

About This Home

As of February 2023

Cute as a button with many updates! Spacious living room and dining room with an abundance of sunshine and great views. Nicely updated kitchen with shaker style cabinets, stainless steel appliances and food pantry. Two tastefully updated full bathrooms, four bedrooms-one currently used as an office. You'll love the large direct access mud/laundry room. Convenient bench and storage for you to drop your backpack and groceries! Finished basement is a great area for those hobbies or plain relaxing. Updates: Furnace, A/C, hot water tank, basement block windows, 200 AMP electric service w/riser, updated windows, garage opener, sewer with clean-out, internal basement waterproofing-2018, sidewalks, driveway approach, exterior doors, landscape bed accent edging, plantation blinds, all appliances including washer and dryer. A Great Value! Immediate occupancy.

Last Agent to Sell the Property

Camille Prochazka

National Realty Centers, Inc License #6501229212 Listed on: 01/17/2023

National Realty Centers, Inc

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1918 | Remodeled in 2018

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 36.00 x 80.00

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,388 Sq Ft Home
  • 2-Story Property
  • Bar Fridge
  • Ceiling Fan
  • Carbon Monoxide Detectors
  • Finished Basement

Kitchen

  • Free-Standing Gas Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1.5 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Dehumidifier
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 58555901319000

Community Details

Overview

  • No Home Owners Association
  • Riverview Sub Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,525

Year Built

Built in 1918 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1918
  • State Equalized Value: 66220.0000
  • Year Renovated: 2018
  • Entry Location: Ground Level w/Steps
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Programmable Thermostat, De-Humidifier, Carbon Monoxide Alarm(s)
  • Room Count: 11
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Dryer, Free-Standing Gas Oven, Free-Standing Refrigerator, Ice Maker, Microwave, Stainless Steel Appliance(s), Washer, Bar Fridge
  • Sq Ft Combined: 1788
  • Sq Ft Lower Floor: 400
  • Total Sq Ft: 1388
  • Sq Ft Total Bsmt: 624

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Vinyl
  • Construction Features: Platted Sub.
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 36
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved
  • Sideof Street: W

Garage/Parking

  • Garage Size: 1.5 Car
  • Garage Features: Side Entrance, Electricity, Door Opener, Attached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Monroe

Lot Info

  • Homestead: Yes
  • Lot Size Area: 0.07
  • Lot Dimensions: 36.00 x 80.00
  • Parcel Number: 58555901319000

Tax Info

  • Tax Amount Summer: 1844.0000
  • Tax Amount Winter: 681.0000
  • Total Tax: 2525.0000
  • Taxable Value: 58170.0000

MLS Schools

  • School District: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2023
Closed on
Feb 28, 2023
Sold by
Williams Todd and Williams Andrea
Bought by
Cotterman Emily
Seller's Agent
Camille Prochazka
National Realty Centers, Inc
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%
Total Days on Market
11
Views
68
Current Estimated Value
$187,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,373
Avg. Annual Appreciation
4.26%
Original Mortgage
$136,000
Outstanding Balance
$132,614
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$54,759

Purchase Details

Listed on
Jun 12, 2019
Closed on
Aug 2, 2019
Sold by
Todd Williams
Bought by
Williams Todd and Williams Andrea
Seller's Agent
Maria Stewart
Key Realty One LLC - Monroe
Buyer's Agent
Maria Stewart
Key Realty One LLC - Monroe
List Price
$39,900
Sold Price
$139,900
Premium/Discount to List
$100,000
250.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%
Original Mortgage
$132,905
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 29, 2019
Sold by
Todd Williams
Bought by
Williams Todd and Williams Andrea
Seller's Agent
Maria Stewart
Key Realty One LLC - Monroe
Buyer's Agent
Maria Stewart
Key Realty One LLC - Monroe
List Price
$39,900
Sold Price
$139,900
Premium/Discount to List
$100,000
250.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,905
Interest Rate
3.8%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cotterman Emily $170,000 Reputation First Title
Williams Todd -- None Listed On Document
Williams Todd $139,900 None Listed On Document
Williams Todd -- None Listed On Document
Williams Todd $139,900 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cotterman Emily $136,000
Previous Owner Williams Todd $132,905
Previous Owner Williams Todd $132,905
Previous Owner Premiere Investment Group Llc $59,450
Previous Owner Mcmullen Shaunna M $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2023 02/15/23 Sold $170,000 -2.9% $122 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
01/17/2023 01/17/23 For Sale $175,000 +25.1% $126 / Sq Ft
07/29/2019 07/29/19 Sold $139,900 0.0% $85 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
06/12/2019 06/12/19 Price Changed $139,900 +250.6% $85 / Sq Ft
06/12/2019 06/12/19 For Sale $39,900 -18.6% $24 / Sq Ft
03/16/2018 03/16/18 Sold $49,000 -18.2% $39 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $59,900 0.0% $48 / Sq Ft
02/12/2018 02/12/18 Pending -- -- --
01/26/2018 01/26/18 Price Changed $59,900 -4.2% $48 / Sq Ft
12/18/2017 12/18/17 Price Changed $62,500 -9.3% $50 / Sq Ft
11/17/2017 11/17/17 For Sale $68,900 -- $55 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $2,423 $77,490 $0 $0
2023 $1,917 $66,220 $0 $0
2022 $2,554 $66,220 $0 $0
2021 $2,467 $60,700 $0 $0
2020 $2,298 $47,950 $0 $0
2019 $1,915 $47,950 $0 $0
2018 $1,654 $39,290 $0 $0
2017 $1,519 $39,290 $0 $0
2016 $1,085 $36,230 $0 $0
2015 $1,041 $27,230 $0 $0
2014 $1,041 $27,230 $0 $0
2013 -- $33,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Camille Prochazka

    Seller's Agent in 2023

    Camille Prochazka

    National Realty Centers, Inc

    (734) 634-2600

    3 in this area

    60 Total Sales

    Section Image

  • U

    Buyer's Agent in 2023

    Unidentified Agent

    Unidentified Office

  • M

    Seller's Agent in 2019

    Maria Stewart

    Key Realty One LLC - Monroe

  • Tammy Wood

    Seller's Agent in 2018

    Tammy Wood

    Gerweck Real Estate in Monroe

    6 in this area

    110 Total Sales

    Tammy Wood
    Section Image
  • Connie Hotchkiss

    Seller Co-Listing Agent in 2018

    Connie Hotchkiss

    Gerweck Real Estate in Monroe

    (419) 367-5112

    8 in this area

    148 Total Sales

    Connie Hotchkiss
    Section Image
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Map

Source: Realcomp

MLS Number: 20230003856

Realcomp

APN: 55-59-01319-000

Michigan Monroe County Monroe 48162 Northeast Monroe

503 Arbor Ave, Monroe, MI

This home is located at 503 Arbor Ave, Monroe, MI 48162 since 17 January 2023 and is currently estimated at $187,373, approximately $134 per square foot. This property was built in 1918. 503 Arbor Ave is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and Zion Lutheran School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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