NOT LISTED FOR SALE

1206 Adams St Monroe, MI 48161

Estimated Value: $240,000 - $288,000

-- Bed
-- Bath
2,570 Sq Ft
$100/Sq Ft Est. Value

Last Sold November 02, 2012

Last sale price $110,000 $43 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,676/month

11 Days on Market

About This Home

As of November 2012

Full brick 4 unit one level apartment building, fully rented with some long term tenants. Each unit has own appliances including washer/dryer. Tenants pay utilities excluding water. Floored attic storage in each unit.

Last Agent to Sell the Property

Steve Hudkins

Berkshire Hathaway Home Service Kee Realty License #MCAR-6502110924 Listed on: 07/19/2012

Berkshire Hathaway Home Service Kee Realty

Last Buyer's Agent

Steve Hudkins

Berkshire Hathaway Home Service Kee Realty License #MCAR-6502110924 Listed on: 07/19/2012

Berkshire Hathaway Home Service Kee Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 100x100
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Kitchen

  • Oven or Range

Laundry

  • Dryer
  • Washer

Schools

  • Custer Elementary School
  • Monroe High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System
  • Electric Water Heater
  • Internet Available

Community Details

  • 4 Units
  • Net Operating Income $16,438

Listing and Financial Details

  • Assessor Parcel Number 5812-12110-

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Total Tax Amount: 2752.87
  • Year Built: 1972
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Estimated Sq Ft: 2570

Exterior Features

  • Construction: Brick
  • Foundation Type: Slab

Utilities

  • Water: Public Water
  • Water Heater: Electric
  • Cooling System: Wall/Window A/C
  • Fuel Type: Electric
  • Heating System: Electric Heat, Radiant
  • Sewer/Septic System: Public Sanitary

Schools

  • Elementary School: CUSTER
  • High School: MONROE

Lot Info

  • Assessor Parcel Number: 5812-12110-
  • Location: Corner Lot
  • Lot Dimensions: 100x100
  • Acreage: 0.22
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Snow Removal, Taxes, Water/Sewer
  • Lease Information: Lease Term 1-2 Years

Tax Info

  • Summer Tax: Amount: $687.98
  • Winter Tax: Amount: $2,064.89
  • Total Tax: Amount: $2,752.87

Multi Family

  • Total Units: 4

MLS Schools

  • Elementary School: CUSTER
  • School District: Monroe Public Schools
  • HighSchool: MONROE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2014
Sold by
Maxam Mark J and Maxam Michelle M
Bought by
Maxam/Adams Associates Llc
Current Estimated Value
$256,565

Purchase Details

Listed on
Jul 19, 2012
Closed on
Nov 2, 2012
Sold by
Eleanor A Sara Trust
Bought by
Maxam Mark J and Maxam Michelle M
Seller's Agent
Steve Hudkins
Berkshire Hathaway Home Service Kee Realty
Buyer's Agent
Steve Hudkins
Berkshire Hathaway Home Service Kee Realty
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$78,400
Outstanding Balance
$14,963
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$242,085

Purchase Details

Listed on
Jul 19, 2012
Closed on
Nov 1, 2012
Sold by
Maxam Bacon Associattes Llc
Bought by
Maxam Mark J and Maxam Michelle M
Seller's Agent
Steve Hudkins
Berkshire Hathaway Home Service Kee Realty
Buyer's Agent
Steve Hudkins
Berkshire Hathaway Home Service Kee Realty
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Outstanding Balance
$14,963
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$242,085
Source: Public Records

Range of Values:

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Average Value
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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
Maxam/Adams Associates Llc -- None Available
Maxam Mark J $110,000 Lawyers Title Agency
Maxam Mark J -- 1St Security Title Agecy Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxam Mark J $78,400
Closed Maxam Mark J $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2012 11/02/12 Sold $110,000 -8.3% $43 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $119,900 -- $47 / 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 $3,340 $130,150 $130,150 $0
2024 $755 $115,700 $0 $0
2023 $2,908 $86,600 $0 $0
2022 $2,908 $86,600 $0 $0
2021 $2,821 $83,550 $0 $0
2020 $2,771 $78,150 $0 $0
2019 $620 $78,150 $0 $0
2018 $2,463 $55,700 $0 $0
2017 $2,410 $55,700 $0 $0
2016 $2,390 $53,950 $0 $0
2015 $2,344 $55,450 $0 $0
2014 $2,314 $55,450 $0 $0
2013 -- $52,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Hudkins

    Seller's Agent in 2012

    Steve Hudkins

    Berkshire Hathaway Home Service Kee Realty

    (734) 735-4780

    13 in this area

    216 Total Sales

    Steve Hudkins
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Map

Source: Michigan Multiple Listing Service

MLS Number: 20097720

Michigan Multiple Listing Service

APN: 12-110-060-10

Michigan Monroe County Monroe 48161

1206 Adams St, Monroe, MI

This home is located at 1206 Adams St, Monroe, MI 48161 since 19 July 2012 and is currently estimated at $256,565, approximately $99 per square foot. This property was built in 1972. 1206 Adams St is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and St Michaels Catholic Elementary School.

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Michigan Multiple Listing Service Source MLS: MiRealSource
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