NOT LISTED FOR SALE

1116 E 4th St Monroe, MI 48161

Southeast Monroe Neighborhood

Estimated Value: $113,000 - $119,000

-- Bed
2 Baths
2,480 Sq Ft
$47/Sq Ft Est. Value

Last Sold June 02, 2016

Last sale price $54,900 $22 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $734/month

About This Home

As of June 2016

Very big duplex that creates a nice income. Each unit is 3 bedroom and 1 bath. Nice sized rooms with newer paint. Newer vinyl windows throughout. There is attic storage for one side and basement for both. Each unit has separate utilities. Very easy to rent but current tenants want to stay.

Last Agent to Sell the Property

Jeffery Tooley

Howard Hanna - Monroe License #MCAR-6501381635 Listed on: 03/08/2016

Howard Hanna - Monroe

Last Buyer's Agent

Jeffery Tooley

Howard Hanna - Monroe License #MCAR-6501381635 Listed on: 03/08/2016

Howard Hanna - Monroe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 51x60

Home Design

  • Duplex
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Community Details

  • 2 Units
  • Stewart Plat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-49-01208-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Total Tax Amount: 1532
  • Year Built: 1925
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Estimated Sq Ft: 2480

Exterior Features

  • Construction: Vinyl Siding
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 55-49-01208-000
  • Lot Dimensions: 51x60
  • Acreage: 0.07

Rental Info

  • Landlord Pays: Taxes
  • Lease Information: Lease Term 1-2 Years

Tax Info

  • Summer Tax: Amount: $732.00
  • Winter Tax: Amount: $800.00
  • Total Tax: Amount: $1,532.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2021
Sold by
Monroe Home Rentals Llc
Bought by
Custer Properties Llc
Current Estimated Value
$115,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,185,000
Outstanding Balance
$168,443
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$52,776

Purchase Details

Listed on
Mar 8, 2016
Closed on
May 31, 2016
Sold by
Jd Investments Llc
Bought by
Monroe Home Rentals Llc
Seller's Agent
Jeffery Tooley
Howard Hanna - Monroe
Buyer's Agent
Jeffery Tooley
Howard Hanna - Monroe
List Price
$59,900
Sold Price
$54,900
Premium/Discount to List
-$5,000
-8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%

Purchase Details

Listed on
Mar 28, 2013
Closed on
Nov 7, 2013
Sold by
Federal National Mortgage Association
Bought by
Jd Investment Llc
Seller's Agent
Tom Wagner
Howard Hanna - Monroe
Buyer's Agent
Nmls Nmls
Non-MLS Member
List Price
$49,100
Sold Price
$17,000
Premium/Discount to List
-$32,100
-65.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.24%

Purchase Details

Closed on
Jun 4, 2012
Sold by
Carman David M
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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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
Custer Properties Llc -- Devon Title Agency
Monroe Home Rentals Llc $55,000 Lawyers Title
Jd Investment Llc $17,000 --
Federal National Mortgage Association $66,857 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Custer Properties Llc $1,185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2016 06/02/16 Sold $54,900 -8.3% $22 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $59,900 0.0% $24 / Sq Ft
04/14/2015 04/14/15 Rented $595 0.0% --
04/06/2015 04/06/15 Under Contract -- -- --
03/06/2015 03/06/15 For Rent $595 0.0% --
06/02/2014 06/02/14 Rented $595 0.0% --
06/02/2014 06/02/14 Under Contract -- -- --
04/25/2014 04/25/14 For Rent $595 0.0% --
10/30/2013 10/30/13 Sold $17,000 -65.4% $7 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $49,100 -- $20 / 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 $1,453 $46,000 $46,000 $0
2024 $736 $43,900 $0 $0
2023 $704 $30,170 $0 $0
2022 $1,344 $30,170 $0 $0
2021 $1,292 $24,950 $0 $0
2020 $1,215 $22,610 $0 $0
2019 $1,164 $22,610 $0 $0
2018 $1,133 $19,160 $0 $0
2017 $1,270 $19,160 $0 $0
2016 $945 $19,530 $0 $0
2015 $1,007 $17,850 $0 $0
2014 $1,007 $17,850 $0 $0
2013 -- $22,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffery Tooley

    Seller's Agent in 2016

    Jeffery Tooley

    Howard Hanna - Monroe

    (734) 790-8582

    34 Total Sales

    Jeffery Tooley
    Section Image

  • R

    Seller's Agent in 2015

    Raynell Hayes

    Greater Detroit Realty LLC

    (313) 826-9562

    3 Total Sales

    Raynell Hayes
    Section Image
  • Andy Whisler

    Seller's Agent in 2014

    Andy Whisler

    Community Choice Realty Associates, LLC

    (248) 535-8264

    236 Total Sales

    Andy Whisler
    Section Image
  • Tom Wagner

    Seller's Agent in 2013

    Tom Wagner

    Howard Hanna - Monroe

    (734) 243-9232

    2 in this area

    189 Total Sales

    Tom Wagner
    Section Image

  • N

    Buyer's Agent in 2013

    Nmls Nmls

    Non-MLS Member

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 21118449

Michigan Multiple Listing Service

APN: 55-49-01208-000

Michigan Monroe County Monroe 48161 Southeast Monroe

1116 E 4th St, Monroe, MI

This home is located at 1116 E 4th St, Monroe, MI 48161 since 08 March 2016 and is currently estimated at $115,667, approximately $46 per square foot. This property was built in 1925. 1116 E 4th 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.

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