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474 Riverview Ave, Monroe, MI, 48162

3beds
1baths
1,144sqft
$138,900
$121price/sqft
$1,225/moest. monthly cost
$49,000/yrincome needed

About This Home

Nestled on a gorgeous tree-lined street in the heart of the City of Monroe, this 1903 historic home is ready for its next owner to bring it back to life. With some vision, a facelift, and a little elbow grease, this diamond in the rough can shine again. Boasting an oversized corner lot that is fully fenced for privacy and play, the property also features a detached two-car garage and a fenced in back porch. Inside, you’ll find a spacious main level with a large living room and separate dining room featuring newer vinyl flooring. Upstairs offers three generously sized bedrooms and a full bathroom. The basement has a functioning half bathroom. The home has a natural gas forced air heater and central air conditioning. Perfect for investors, rehabbers, or hands-on homeowners looking for equity-building opportunity. Located just two miles from I-75, and an easy walk to vibrant downtown Monroe, restaurants, shops, the River Raisin River Walk, and River Raisin National Battlefield Park — you’ll enjoy the best of small-town living with quick access to entertainment, history, nature, and commuting routes. The neighborhood is walkable and inviting. Bring your ideas and tools: This home has motivated sellers and is waiting for your personal touch!

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

3/10
6/10
Monroe Middle SchoolGrades 6-81.0 mi
--
Monroe High SchoolGrades 8-122.6 mi

Construction

Condition

  • Year built: 1903

Materials

  • Foundation: Basement
  • Construction materials: Aluminum Siding

Type & Style

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

Interior

Basement

  • Has basement: Yes

Bathroom1

  • Features: Laminate
  • Level: Second
  • Area: 72

Bedroom1

  • Features: Carpet
  • Level: Second
  • Area: 132

Bedroom2

  • Features: Carpet
  • Level: Second
  • Area: 132

Bedroom3

  • Features: Carpet
  • Level: Second
  • Area: 110

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Vinyl
  • Level: First
  • Area: 224

Features

  • Flooring: Carpet,Vinyl,Laminate
  • Finished area below ground: 0
  • Finished area above ground: 1,144

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 1,716
  • Total interior livable area: 1,144 sqft

Kitchen

  • Features: Vinyl
  • Level: First
  • Area: 156

Living Room

  • Features: Vinyl
  • Level: First
  • Area: 224

Property

Details

  • Parcel number: 555901232000
  • Special condition: Private

Features

  • Levels: Two
  • Stories: 2
  • Frontage type: Road
  • Frontage length: 80

Lot

  • Lot size: 7,840 sqft
  • Lot size dimensions: 80 x 98 x 80 x 98

Parking

  • Total spaces: 2
  • Parking features: Detached
  • 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

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Ice Storm
Strong Wind
Tornado
Winter Weather
Hail
Lightning
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 $702$8,424
Home Insurance *$72$864
Property Taxes $263$3,156
Electricity $188$2,259
Total$1,225$14,700
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,000/yr
40% on housing$36,750/yr
45% on housing$32,666/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

$121This listing

vs Other Active Listings

Avg $/sqft

ZIP 48162$152
Monroe County$132

vs Homes Sold Last Month

Median $/sqft

ZIP 48162$164
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)

No zestimate history available

Price History

DateEventPrice
2026-07-21Price change$138,900
2026-06-24Listed for sale$149,900

For Sale by Agent

AgentGreg M Moore
BrokerageCovenant Real Estate

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