NOT LISTED FOR SALE

503 Scottwood Ave Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $154,000 - $201,163

4 Beds
2 Baths
1,686 Sq Ft
$110/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $130,000 $77 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,298/month

46 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • 4-minute walk to Arbor Lorain Park
  • Main Floor Bedroom
  • Forced Air Heating System

About This Home

As of August 2023

HUD Home. Charming 4 bedroom home with spacious rooms and detached garage. Close to I-75 and Shopping and all conveniences. Has a nice large living room and dining room. Large Bedroom in upper that offers a den or office area.

Last Agent to Sell the Property

Tammy Wood

Gerweck Real Estate in Monroe License #MCAR-6501307366 Listed on: 05/15/2023

Co-Listed By

Connie Hotchkiss

Gerweck Real Estate in Monroe License #MCAR-6501290865

Last Buyer's Agent

Colton Weisenstein

3Sixty5 Realty License #6501414212

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x123

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,686 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • First Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-59-00769-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,087

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Traditional
  • Structure Style: 2 Story
  • Total Tax Amount: 2087
  • Year Built: 1926
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Bedroom 1: On Main Floor, Dimensions: 8 x 12
  • Bedroom 2: On Upper Floor, Dimensions: 9 x 11
  • Bedroom 3: On Upper Floor, Dimensions: 9 x 12
  • Bedroom 4: On Upper Floor, Dimensions: 9 x 13
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Upper
  • Room Types: First Floor Bedroom, Second Flr Full Bathroom
  • Dining Room: On Main Floor, Dimensions: 10 x 11
  • Kitchen: On Main Floor, Dimensions: 9 x 8
  • Library Den: On Upper Floor, Dimensions: 11 x 18
  • Living Room: On Main Floor, Dimensions: 11 x 18
  • Below Grade Sq Ft: 834
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1686
  • Total Finished Sq Ft: 1686

Exterior Features

  • Exterior: Aluminum
  • Foundation: Basement
  • Frontage: 40
  • Road: Paved Street

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water

Lot Info

  • Assessor Parcel Number: 55-59-00769-000
  • Lot Dimensions: 40X123
  • Acreage: 0.11
  • Geo Subdivision: MI
  • Site/Lot Features: Sidewalks

Tax Info

  • Summer Tax: Year: 2022, Amount: $1,999.00
  • Winter Tax: Year: 2022, Amount: $808.00
  • Total Tax: Amount: $2,087.00

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Aug 22, 2023
Sold by
Secretary Of Housing And Urban Developme
Bought by
Neumann-Milligan Amber and Milligan Russell
Seller's Agent
Tammy Wood
Gerweck Real Estate in Monroe
Buyer's Agent
Colton Weisenstein
3Sixty5 Realty
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%
Views
135
Current Estimated Value
$185,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,791
Avg. Annual Appreciation
17.50%
Original Mortgage
$132,173
Outstanding Balance
$129,546
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$50,508

Purchase Details

Closed on
Apr 19, 2023
Sold by
Union Home Mortgage Corp
Bought by
Secretary/Housing & Urban Dev

Purchase Details

Listed on
Aug 2, 2018
Closed on
Sep 21, 2018
Sold by
Robert H Degraer
Bought by
Parrott Kristy A
Seller's Agent
Steve Hudkins
Berkshire Hathaway Home Service Kee Realty
Buyer's Agent
Steve Hudkins
Berkshire Hathaway Home Service Kee Realty
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$122,735
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 7, 2018
Sold by
Degraer Robert H and Degraer Mildred H
Bought by
Degraer Joint Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Neumann-Milligan Amber $130,000 Michigan Title Insurance Agenc
Secretary/Housing & Urban Dev -- None Listed On Document
Parrott Kristy A $125,000 Hassett Title
Degraer Joint Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neumann-Milligan Amber $132,173
Previous Owner Parrott Kristy A $122,735
Previous Owner Degraer Robert H $110,000
Previous Owner Degraer Michelle J $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $130,000 -3.7% $77 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $135,000 0.0% $80 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $135,000 0.0% $80 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $135,000 +8.0% $80 / Sq Ft
09/21/2018 09/21/18 Sold $125,000 0.0% $74 / Sq Ft
08/02/2018 08/02/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $125,000 -- $74 / Sq Ft
Source: Michigan Multiple Listing Service

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
2025 $3,450 $90,000 $90,000 $0
2024 $2,477 $79,200 $0 $0
2023 $1,982 $70,080 $0 $0
2022 $1,905 $70,080 $0 $0
2021 $3,660 $61,440 $0 $0
2020 $3,472 $55,450 $0 $0
2019 $3,279 $55,450 $0 $0
2018 $2,006 $48,050 $0 $0
2017 $1,967 $48,050 $0 $0
2016 $1,932 $43,060 $0 $0
2015 $1,866 $34,760 $0 $0
2014 $1,866 $34,760 $0 $0
2013 -- $31,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tammy Wood

    Seller's Agent in 2023

    Tammy Wood

    Gerweck Real Estate in Monroe

    6 in this area

    107 Total Sales

    Tammy Wood
    Section Image
  • Connie Hotchkiss

    Seller Co-Listing Agent in 2023

    Connie Hotchkiss

    Gerweck Real Estate in Monroe

    (419) 367-5112

    8 in this area

    143 Total Sales

    Connie Hotchkiss
    Section Image
  • Colton Weisenstein

    Buyer's Agent in 2023

    Colton Weisenstein

    3Sixty5 Realty

    (734) 929-7459

    1 in this area

    55 Total Sales

    Colton Weisenstein
    Section Image
  • Steve Hudkins

    Seller's Agent in 2018

    Steve Hudkins

    Berkshire Hathaway Home Service Kee Realty

    (734) 735-4780

    17 in this area

    215 Total Sales

    Steve Hudkins
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50108833

Michigan Multiple Listing Service

APN: 55-59-00769-000

Michigan Monroe County Monroe 48162 Northeast Monroe

503 Scottwood Ave, Monroe, MI

This home is located at 503 Scottwood Ave, Monroe, MI 48162 since 15 May 2023 and is currently estimated at $185,791, approximately $110 per square foot. This property was built in 1926. 503 Scottwood 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.

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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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