NOT LISTED FOR SALE

517 Arbor Ave Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $174,000 - $232,000

4 Beds
1 Bath
1,530 Sq Ft
$132/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $192,500 $126 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,292/month

55 Days on Market

Highlights

  • Craftsman Architecture
  • Forced Air Heating System
  • 1-minute walk to Arbor Lorain Park
  • 1.5 Car Detached Garage

About This Home

As of July 2024

Home sweet home! Welcome to 517 Arbor Avenue in Monroe! This charming 4 bedroom home is move-in ready. Updated kitchen and bathroom. New furnace, hot water tank, new plumbing, and more! Detached garage. This home is a must see in person to appreciate! Call to set up your showing today!

Last Agent to Sell the Property

Corey Welch

eXp Realty LLC in Monroe License #MCAR-6506047955 Listed on: 04/19/2024

eXp Realty LLC in Monroe

Last Buyer's Agent

Deborah Storck

Real Estate One-Southgate License #6501352976

Real Estate One-Southgate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1919

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x120

Parking

  • 1.5 Car Detached Garage

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,530 Sq Ft Home
  • 1.5-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Riverview Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-59-01323-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,736

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Craftsman
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 3736
  • Year Built: 1919
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Bedroom 1: On Upper Floor, Dimensions: 11 x 9
  • Bedroom 2: On Upper Floor, Dimensions: 11 x 9
  • Bedroom 3: On Upper Floor, Dimensions: 11 x 9
  • Bedroom 4: On Main Floor, Dimensions: 12 x 10
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: On Level: Main
  • Dining Room: On Main Floor, Dimensions: 14 x 12
  • Kitchen: On Main Floor, Dimensions: 19 x 9
  • Living Room: On Main Floor, Dimensions: 16 x 13
  • Below Grade Sq Ft: 1020
  • Above Grade Finished Sq Ft: 1530
  • Total Finished Sq Ft: 1530

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Foundation: Basement, Michigan Basement
  • Frontage: 50

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 1.5
  • Garage: Yes

Utilities

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

Lot Info

  • Assessor Parcel Number: 55-59-01323-000
  • Lot Dimensions: 50x120
  • Acreage: 0.14
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,684.00
  • Winter Tax: Year: 2023, Amount: $1,052.00
  • Total Tax: Amount: $3,736.00

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Jul 22, 2024
Sold by
Neal & Sons Investment Llc
Bought by
Downer Brendan T and Pennington Lena M
Seller's Agent
Corey Welch
eXp Realty LLC in Monroe
Buyer's Agent
Deborah Storck
Real Estate One-Southgate
List Price
$199,900
Sold Price
$192,500
Premium/Discount to List
-$7,400
-3.7%
Views
60
Current Estimated Value
$201,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,242
Avg. Annual Appreciation
3.24%
Original Mortgage
$189,012
Outstanding Balance
$186,754
Interest Rate
6.99%
Mortgage Type
FHA
Estimated Equity
$14,988

Purchase Details

Closed on
Apr 23, 2024
Sold by
Neal James G
Bought by
Neal & Sons Investment Llc

Purchase Details

Closed on
Apr 19, 2024
Sold by
Neal James G
Bought by
Neal & Sons Investment Llc

Purchase Details

Listed on
Sep 11, 2023
Closed on
Nov 6, 2023
Sold by
Parker Daija and Spann Beverly
Bought by
Neal James G
Seller's Agent
Mariah Grumblatt
KW Domain
Buyer's Agent
Corey Welch
eXp Realty LLC in Monroe
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%
Views
141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.58%

Purchase Details

Listed on
Sep 11, 2023
Closed on
Oct 23, 2023
Sold by
Parker Daija and Spann Beverly
Bought by
Neal James G
Seller's Agent
Mariah Grumblatt
KW Domain
Buyer's Agent
Corey Welch
eXp Realty LLC in Monroe
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%
Views
141

Purchase Details

Listed on
Nov 27, 2021
Closed on
Jan 11, 2022
Sold by
Fazio Charles J
Bought by
Parker Daija and Spane Beverly
Seller's Agent
Fran Londo
Howard Hanna - Monroe
Buyer's Agent
Ruby Schmitt
Power House Group Realty
List Price
$159,900
Sold Price
$165,000
Premium/Discount to List
$5,100
3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.52%
Original Mortgage
$158,200
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2011
Sold by
Martin Martha J and Martha J Martin Trust
Bought by
Fazio Charles J and Fazio Ruth A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Downer Brendan T $192,500 Michigan Title Insurance Agenc
Neal & Sons Investment Llc -- None Listed On Document
Neal & Sons Investment Llc -- None Listed On Document
Neal James G $100,000 Embassy Title
Neal James G $100,000 Embassy Title
Parker Daija $165,000 New Title Company Name
Fazio Charles J $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downer Brendan T $189,012
Previous Owner Parker Daija $158,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2024 07/17/24 Sold $192,500 -1.2% $126 / Sq Ft
06/13/2024 06/13/24 Pending -- -- --
06/06/2024 06/06/24 Price Changed $194,900 -2.5% $127 / Sq Ft
05/15/2024 05/15/24 For Sale $199,900 0.0% $131 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $199,900 +99.9% $131 / Sq Ft
10/23/2023 10/23/23 Sold $100,000 -20.0% $65 / Sq Ft View Prior Sale
10/19/2023 10/19/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $125,000 -24.2% $82 / Sq Ft
01/10/2022 01/10/22 Sold $165,000 +3.2% $108 / Sq Ft View Prior Sale
11/30/2021 11/30/21 Pending -- -- --
11/27/2021 11/27/21 For Sale $159,900 -- $105 / 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 $2,840 $89,400 $89,400 $0
2024 $2,763 $88,350 $0 $0
2023 $1,785 $67,410 $0 $0
2022 $1,785 $67,410 $0 $0
2021 $2,422 $55,620 $0 $0
2020 $2,299 $57,480 $0 $0
2019 $2,207 $57,480 $0 $0
2018 $2,151 $49,510 $0 $0
2017 $2,109 $49,510 $0 $0
2016 $2,071 $45,890 $0 $0
2015 $2,000 $34,450 $0 $0
2014 $2,000 $34,450 $0 $0
2013 -- $35,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Corey Welch

    Seller's Agent in 2024

    Corey Welch

    eXp Realty LLC in Monroe

    (734) 260-6538

    55 in this area

    894 Total Sales

    Corey Welch
    Section Image
  • Deborah Storck

    Buyer's Agent in 2024

    Deborah Storck

    Real Estate One

    (313) 333-7140

    1 in this area

    54 Total Sales

    Deborah Storck
    Section Image
  • Mariah Grumblatt

    Seller's Agent in 2023

    Mariah Grumblatt

    KW Domain

    (517) 763-3060

    1 in this area

    89 Total Sales

    Mariah Grumblatt
    Section Image

  • F

    Seller's Agent in 2022

    Fran Londo

    Howard Hanna - Monroe

    Section Image
  • Ruby Schmitt

    Buyer's Agent in 2022

    Ruby Schmitt

    Power House Group Realty

    (734) 775-3467

    2 in this area

    69 Total Sales

    Ruby Schmitt
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50139257

Michigan Multiple Listing Service

APN: 55-59-01323-000

Michigan Monroe County Monroe 48162 Northeast Monroe

517 Arbor Ave, Monroe, MI

Not Listed for Sale

Detached

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