NOT LISTED FOR SALE

1114 Franklin St Monroe, MI 48161

Southeast Monroe Neighborhood

Estimated Value: $94,000 - $127,000

4 Beds
2 Baths
1,496 Sq Ft
$77/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $20,000 $13 Per Sq Ft

Est. 475% increase in value since last sale

Current estimated payment $723/month

9 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating System
  • 1-minute walk to Labor Park

About This Home

As of June 2022

Property Id: 953481

Charming 2 bedroom 1 bathroom lower unit in a nice neighborhood located near historic Downtown Monroe. Small fenced in yard near lower unit entrance and large shared fenced in yard on the other side of the home. Walking distance to the local park/splash pad and grocery store. Easy access to shopping and local restaurants. Monroe School District

(Section 8 is not accepted)
-No Pets No Smoking
-Tenant Pays All Utilities
-Washer/Dryer Hookup

Appliances
-Refrigerator
-Stove
(No Washer Dryer)

Lease Requirements
-Monthly Income = 2x Monthly Rent Amount
(Combined Monthly Income for Co Applicants)
-No Evictions
-2 Years Job Time Preferred

Last Agent to Sell the Property

Brad Jordan

Realty Experts, LLC License #6502373230 Listed on: 05/11/2022

Last Buyer's Agent

Joe Darwish

RE/MAX Platinum License #6501280305

RE/MAX Platinum

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $993

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 67.30x82.00

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,496 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 58554901087000

Community Details

Overview

  • 2 Units
  • Stewart Plat Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$993

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1910
  • State Equalized Value: 17200.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Combined: 1496
  • Total Sq Ft: 1496

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 67
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Monroe

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 67.30X82.00
  • Parcel Number: 58554901087000
  • Zoning: Residential

Tax Info

  • Taxable Value: 13780.0000

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
May 31, 2022
Sold by
Secretary Of Veterans Affairs
Bought by
Salem Saied
Seller's Agent
Brad Jordan
Realty Experts, LLC
Buyer's Agent
Joe Darwish
RE/MAX Platinum
List Price
$15,000
Sold Price
$20,000
Premium/Discount to List
$5,000
33.33%
Current Estimated Value
$114,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,962
Avg. Annual Appreciation
75.42%

Purchase Details

Closed on
Aug 20, 2020
Sold by
Wintrust Mortgage
Bought by
Secretary Of Veteran Affairs

Purchase Details

Closed on
Aug 13, 2020
Sold by
Wintrust Mortgage
Bought by
Secretary Of Veteran Affairs

Purchase Details

Closed on
Mar 12, 2020
Sold by
White Lawrence
Bought by
Wintrust Mortgage

Purchase Details

Listed on
Jul 10, 2013
Closed on
Jun 10, 2015
Sold by
Flory Joann
Bought by
White Lawrence
Seller's Agent
Margi Swick
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Kimlynn Lajiness
Berkshire Hathaway Home Service Kee Realty
List Price
$39,400
Sold Price
$37,000
Premium/Discount to List
-$2,400
-6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%
Original Mortgage
$37,795
Interest Rate
3.82%
Mortgage Type
VA
Source: Public Records

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Range of Values:

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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
Salem Saied $20,000 Select Title
Secretary Of Veteran Affairs -- Walker Jennifer E
Secretary Of Veteran Affairs -- None Available
Wintrust Mortgage $38,171 None Available
Wintrust Mortgage $38,171 None Available
White Lawrence $37,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Lawrence $37,795
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 Off Market $750 -- --
02/08/2025 02/08/25 Off Market -- -- --
02/06/2025 02/06/25 For Rent $750 0.0% --
01/21/2025 01/21/25 For Rent -- -- --
01/04/2025 01/04/25 For Rent $750 0.0% --
12/17/2024 12/17/24 Off Market $750 -- --
11/26/2024 11/26/24 For Rent $750 0.0% --
06/06/2022 06/06/22 Sold $20,000 +33.3% $13 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $15,000 -59.5% $10 / Sq Ft
06/10/2015 06/10/15 Sold $37,000 -6.1% $25 / Sq Ft
04/16/2015 04/16/15 Pending -- -- --
07/10/2013 07/10/13 For Sale $39,400 -- $26 / Sq Ft
Source: Realcomp

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
2024 $993 $31,770 $0 $0
2023 $815 $0 $0 $0
2022 $1,631 $0 $0 $0
2021 $821 $0 $0 $0
2020 $821 $16,610 $0 $0
2019 $786 $16,610 $0 $0
2018 $1,132 $12,950 $0 $0
2017 $644 $12,950 $0 $0
2016 $647 $13,180 $0 $0
2015 $634 $11,240 $0 $0
2014 $634 $11,240 $0 $0
2013 -- $13,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brad Jordan

    Seller's Agent in 2022

    Brad Jordan

    Realty Experts, LLC

    (734) 223-8725

    2 in this area

    165 Total Sales

    Section Image
  • Joe Darwish

    Buyer's Agent in 2022

    Joe Darwish

    RE/MAX Michigan

    (248) 789-5338

    1 in this area

    128 Total Sales

    Joe Darwish
    Section Image

  • M

    Seller's Agent in 2015

    Margi Swick

    Coldwell Banker Haynes R.E. in Monroe

    (734) 755-7355

    17 Total Sales

    Margi Swick
    Section Image

  • K

    Buyer's Agent in 2015

    Kimlynn Lajiness

    Berkshire Hathaway Home Service Kee Realty

See All Agents

Map

Source: Realcomp

MLS Number: 2220035452

Realcomp

APN: 55-49-01087-000

Michigan Monroe County Monroe 48161 Southeast Monroe

1114 Franklin St, Monroe, MI

This home is located at 1114 Franklin St, Monroe, MI 48161 since 11 May 2022 and is currently estimated at $114,962, approximately $76 per square foot. This property was built in 1910. 1114 Franklin St is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and Trinity Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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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