503 Arbor Ave Monroe, MI 48162
Northeast Monroe NeighborhoodEstimated payment $1,263/month
Highlights
- Colonial Architecture
- No HOA
- Laundry Room
- Corner Lot
- 1 Car Attached Garage
- 1-minute walk to Arbor Lorain Park
About This Home
Welcome to 503 Arbor Ave., a charming and move-in ready home perfect for first-time buyers or growing families. This inviting property offers a comfortable layout with bright living spaces, an updated feel, and room to make it your own. Nestled in a quiet neighborhood, you'll enjoy convenient access to schools, parks, shopping, and major routes for an easy daily commute. Whether you're starting out or need a place to grow your family, this property offers both value, lifestyle, and beautiful updates. Affordable, welcoming, and full of potential, this is an opportunity you won't want to miss in Monroe.
Co-Listing Agent
Rosie Burleson
Baker Cowan Group LLC License #6501468380
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,381
Year Built
- Built in 1918
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 55.2x55.2
- Corner Lot
Parking
- 1 Car Attached Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Wood Siding
Interior Spaces
- 1,560 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
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 |
|---|---|---|---|---|---|
| 04/17/2026 04/17/26 | For Sale | $184,900 | +8.8% | $119 / 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: MichRIC
MLS Number: 26016112
APN: 55-59-01319-000
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Information is deemed reliable but not guaranteed.
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