503 Arbor Ave Monroe, MI 48162
Northeast Monroe NeighborhoodEstimated payment $1,248/month
Highlights
- Colonial Architecture
- Forced Air Heating and Cooling System
- 1-minute walk to Arbor Lorain Park
- 1.5 Car Attached Garage
About This Home
Welcome to 503 Arbor Avenue in Monroe! This well-maintained 4-bedroom, 2-bathroom home offers comfort, space, and modern updates throughout. The property features a 2-car garage, an updated bathroom, and a finished basement—perfect for additional living, recreation, or storage space. Appliances included! Enjoy a thoughtfully designed layout with plenty of natural light and charm in every room. Conveniently located near local amenities, this home is ready for its next chapter.
Home Details
Home Type
- Single Family
Est. Annual Taxes
Year Built
- Built in 1918
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 36x80
Parking
- 1.5 Car Attached Garage
Home Design
- Colonial Architecture
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Oven or Range
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- Riverview Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 55-59-01319-000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $2,462 | $77,500 | $77,500 | $0 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/03/2025 12/03/25 | Price Changed | $184,900 | -2.6% | $103 / Sq Ft | |
| 11/14/2025 11/14/25 | For Sale | $189,900 | +11.7% | $106 / Sq Ft | |
| 02/15/2023 02/15/23 | Sold | $170,000 | -2.9% | $122 / Sq Ft | View Prior Sale |
| 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | Reputation First Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $139,900 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $136,000 | New Conventional | |
| Previous Owner | $132,905 | New Conventional |
Source: Michigan Multiple Listing Service
MLS Number: 50193793
APN: 55-59-01319-000
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Source MLS: MiRealSource
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