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495 Grace Dr, Monroe, MI, 48161

4beds
3baths
2,782sqft
$343,500
$123price/sqft
$2,547/moest. monthly cost
$101,880/yrincome needed

About This Home

Welcome to 495 Grace Drive in Monroe! This well-maintained 4-bedroom, 2.5-bath home offers over 2,000 square feet of comfortable living space with room for everyone. The functional floor plan features spacious living and dining areas, a finished basement perfect for a family room, home office, fitness area, or recreation space, and an attached garage. The kitchen comes complete with all new appliances, offering modern style and convenience for the next owner. Step outside to your private backyard oasis featuring an in-ground pool that will be fully repaired with a brand-new liner installed prior to closing, providing peace of mind and making it ready for years of summer enjoyment. Conveniently located near schools, parks, shopping, dining, and major commuter routes, this home combines space, comfort, and an ideal location. With major updates already taken care of, all that's left to do is move in and enjoy. Don't miss your opportunity to make this beautiful Monroe home yours—schedule your private showing today!

Getting Around

58
WalkingSomewhat Walkable
0
TransitVery Limited Transit
58
BikeBikeable

Schools

--
Waterloo SchoolGrades PK-60.3 mi
--
Monroe High SchoolGrades 8-120.9 mi
6/10
Monroe Middle SchoolGrades 6-81.3 mi

Construction

Condition

  • Year built: 1983

Materials

  • Foundation: Basement
  • Construction materials: Aluminum Siding,Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes

Bathroom1

  • Level: Second
  • Area: 48

Bathroom2

  • Level: Second

Bedroom1

  • Level: Second
  • Area: 204

Bedroom2

  • Level: Second
  • Area: 168

Bedroom3

  • Level: Second
  • Area: 143

Bedroom4

  • Level: Second
  • Area: 90

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: Entry
  • Area: 120

Family Room

  • Level: Entry
  • Area: 240

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 728
  • Finished area above ground: 2,054

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 2,782
  • Total interior livable area: 2,782 sqft

Kitchen

  • Level: Entry
  • Area: 204

Living Room

  • Level: Entry
  • Area: 204

Property

Details

  • Parcel number: 551900991000
  • Special condition: Private

Features

  • Levels: Two
  • Stories: 2
  • Frontage type: Road
  • Frontage length: 100

Lot

  • Lot size: 0.28 Acres
  • Lot size dimensions: 100 x 120

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Cold Wave
Hail
Ice Storm
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters in Monroe County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,736$20,832
Home Insurance *$211$2,532
Property Taxes $297$3,564
Electricity $303$3,641
Total$2,547$30,564
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$87,325/yr
40% on housing$76,410/yr
45% on housing$67,920/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$123This listing

vs Other Active Listings

Avg $/sqft

ZIP 48161$118
Monroe County$132

vs Homes Sold Last Month

Median $/sqft

ZIP 48161$132
Monroe County$173

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-14Contingent$343,500
2026-07-29Listed for sale$343,500
2023-07-31Listing removed--
2023-04-13Sold$319,900
2021-07-30Sold$319,900
2021-07-29Pending sale$319,900
2021-06-25Listed for sale$319,900
2021-06-15Contingent$319,900
2021-06-09Listed for sale$319,900
1999-06-08Sold$195,000

For Sale by Agent

AgentKimberly Tokarz
BrokerageReal Estate One Monroe

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