NOT LISTED FOR SALE

506 Arbor Ave Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $143,813 - $191,000

2 Beds
1 Bath
960 Sq Ft
$175/Sq Ft Est. Value

Sale Details

Date Sold: September 17, 2015

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

Est. 572% increase in value since last sale

Current estimated payment $1,022 / mo

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

Golden Key Realty Group LLC License #6501376856 Listed on: 06/30/2015

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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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

4,356 Sq Ft Lot

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

  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Refrigerator, Range/Stove
  • Total Sq Ft: 960

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Exterior Features: Satellite Dish
  • Foundation Materials: Stone
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2015
Closed on
Sep 17, 2015
Sold by
Guyor Jean
Bought by
Seller's Agent
Harry Lee
Golden Key Realty Group LLC
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
$167,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,953
Avg. Annual Appreciation
18.98%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Northeast Monroe, MI

  • Dane Ramsden Real Estate Agent - Keller Williams Paint Creek

    Dane Ramsden

    Keller Williams Paint Creek

    (947) 900-8263

    177 Total Sales

    1 in Northeast Monroe

    $177,000 Price

    Dane Ramsden
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  • Penny Tarwacki Real Estate Agent - Real Estate One Southgate

    Penny Tarwacki

    Real Estate One Southgate

    (313) 474-6843

    75 Total Sales

    6 in Northeast Monroe

    $50K - $290K Price Range

    Penny Tarwacki
     Section Image
  • Carolena Reed Real Estate Agent - Premiere Realty Group LLC

    Carolena Reed

    Premiere Realty Group LLC

    (734) 366-4319

    134 Total Sales

    3 in Northeast Monroe

    $169K - $200K Price Range

    Carolena Reed
     Section Image
  • Craig Hickey Real Estate Agent - Power House Group Realty

    Craig Hickey

    Power House Group Realty

    (313) 751-3678

    209 Total Sales

    1 in Northeast Monroe

    $165,000 Price

    Craig Hickey
     Section Image
  • Keith Weber Real Estate Agent - RE/MAX First

    Keith Weber

    RE/MAX First

    (248) 413-8134

    104 Total Sales

    1 in Northeast Monroe

    $157,000 Price

    Keith Weber
     Section Image
  • Alli Henning Real Estate Agent - Real Estate One Monroe

    Alli Henning

    Real Estate One Monroe

    (734) 415-6581

    151 Total Sales

    10 in Northeast Monroe

    $126K - $590K Price Range

    Alli Henning
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$25,000 Hassett Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,203 $56,200 $0 $0
2025 $1,203 $51,600 $51,600 $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 Real Estate Agent - Golden Key Realty Group LLC

    Seller's Agent in 2015

    Harry Lee

    Golden Key Realty Group LLC

    (248) 360-6800

    84 Total Sales

    Harry Lee
    Section Image

  • NP

    Buyer's Agent in 2015

    Non Participant

    Non Realcomp Office

  • UA

    Buyer's Agent in 2015

    Unidentified Agent

    Unidentified Office

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Map

Source: Realcomp

MLS Number: 215067453

Realcomp

APN: 55-59-01333-000

Michigan Monroe County Monroe 48162 Northeast Monroe

506 Arbor Ave, Monroe, MI

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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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