NOT LISTED FOR SALE

506 Arbor Ave Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $137,522 - $165,000

2 Beds
1 Bath
960 Sq Ft
$156/Sq Ft Est. Value

Last Sold September 17, 2015

Last sale price $25,000 $26 Per Sq Ft

Est. 464% increase in value since last sale

Current estimated payment $967/month

65 Days on Market

Highlights

  • Colonial Architecture
  • Covered patio or porch
  • Forced Air Heating System
  • No HOA
  • Shed
  • 1-minute walk to Arbor Lorain Park

About This Home

As of September 2015

Own a piece of Historical Monroe. Investor fixer upper special! This home has been an income rental property for over 45 years. Rental rate: $600 - $700 per month. ROI within 4-5 years. Priced extremely well!

Last Agent to Sell the Property

Harry Lee

Paloma Realty License #6501376856 Listed on: 06/30/2015

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1908

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 38.00x120.00

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered patio or porch
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Satellite Dish

Community Details

  • No Home Owners Association
  • Riverview Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58555901333000

Home Details

Home Type

Single Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Refrigerator, Range/Stove
  • Sq Ft Combined: 960
  • Total Sq Ft: 960
  • Sq Ft Total Bsmt: 480

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Exterior Features: Satellite Dish
  • Foundation Materials: Stone
  • Frontage Feet: 38
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Monroe

Lot Info

  • List Price per Acre: 390000.0000
  • Lot Size Area: 0.10
  • Lot Dimensions: 38.00X120.00
  • Parcel Number: 58555901333000

Tax Info

  • Tax Amount Summer: 654.0000
  • Tax Amount Winter: 701.0000
  • Total Tax: 1355.0000

MLS Schools

  • School District: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2015
Closed on
Sep 17, 2015
Sold by
Guyor Jean
Bought by
Stanifer Paula B
Seller's Agent
Harry Lee
Paloma Realty
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$42,000
Sold Price
$25,000
Premium/Discount to List
-$17,000
-40.48%
Current Estimated Value
$140,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,909
Avg. Annual Appreciation
19.45%
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
Stanifer Paula B $25,000 Hassett Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2015 09/17/15 Sold $25,000 -40.5% $26 / Sq Ft
09/03/2015 09/03/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $42,000 -- $44 / 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
2025 $2,273 $51,480 $0 $0
2024 $1,148 $51,480 $0 $0
2023 $1,098 $43,940 $0 $0
2022 $2,119 $43,940 $0 $0
2021 $2,052 $40,330 $0 $0
2020 $1,995 $36,420 $0 $0
2019 $1,870 $36,420 $0 $0
2018 $1,823 $31,870 $0 $0
2017 $1,789 $31,870 $0 $0
2016 $1,757 $29,620 $0 $0
2015 $1,354 $23,010 $0 $0
2014 $1,354 $23,010 $0 $0
2013 -- $25,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Harry Lee

    Seller's Agent in 2015

    Harry Lee

    Paloma Realty

    (248) 360-6800

    82 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2015

    Unidentified Agent

    Unidentified Office

See All Agents

Map

Source: Realcomp

MLS Number: 215067453

Realcomp

APN: 55-59-01333-000

Michigan Monroe County Monroe 48162 Northeast Monroe

506 Arbor Ave, Monroe, MI

This home is located at 506 Arbor Ave, Monroe, MI 48162 since 30 June 2015 and is currently estimated at $149,631, approximately $155 per square foot. This property was built in 1908. 506 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.

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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