Under Contract
503 Arbor Avenue, Monroe, MI 48162
$184,900
MLS # 26016112 (Michigan Regional Information Center (MichRIC))
4 beds2 baths1,560 sqftBuilt 19180.07 acres
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Listing Description
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.
Source: SparkMLS
About this home
Located in Monroe in Monroe, this property offers 4-bedroom, 2-bath, 1,560 sq ft, with original construction dating to 1918.
Asking $184,900 (about $119/sq ft).
Estimated annual property tax: $3,381, or about $282 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area1,560 sqft
Lot Size0.07 acres
Year Built1918
Stories2
Location
CityMonroe
MunicipalityMonroe City
Zip Code48162
CountyMonroe
School DistrictMonroe
Construction & Systems
StyleColonial
ConstructionWood Siding
BasementFull
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
InteriorGarage Door Opener
Sale & Financing
Listed4/28/2026
Terms AcceptedCash, FHA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,381
Tax Year2025
Assessed Value$77,500
Parcel #55-59-01319-000
Source: SparkMLS
Legal Description
RIVERVIEW SUBDIVISION N 24.15 FT OF E 80 FT OF LOT 137 AND S 12.1 FT OF E 80 FT OF LOT 138
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Brian Cowan
Baker Cowan Group LLC
Frequently Asked Questions about 503 Arbor Avenue, Monroe, MI 48162
What school district is 503 Arbor Avenue, Monroe, MI 48162 in?
Per MLS# 26016112, this property is served by Monroe. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26016112, the seller has indicated this property accepts the following financing types: Cash, FHA, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26016112, the most recent reported annual property tax for 503 Arbor Avenue, Monroe, MI 48162 is $3,381 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 503 Arbor Avenue, Monroe, MI 48162 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 503 Arbor Avenue, Monroe, MI 48162 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Michigan Gas Utilities Corporation. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Monroe County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$1,199
Principal & interest$1,199
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Utilities
DTE Electric Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
503 Arbor Avenue, Monroe, MI 48162
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Municipality
Monroe
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County
Monroe County
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