NOT LISTED FOR SALE

1206 Adams St Monroe, MI 48161

Estimated Value: $196,000 - $289,000

-- Bed
-- Bath
2,570 Sq Ft
$92/Sq Ft Est. Value

Last Sold November 02, 2012

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

Est. 115% increase in value since last sale

Current estimated payment $1,379/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 Listed By

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
  • 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
Total Days on Market
11
Current Estimated Value
$236,123

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
6.28%
Original Mortgage
$78,400
Outstanding Balance
$16,497
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$219,626

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
$16,497
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$219,626

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
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
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

    17 in this area

    236 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

Homes for Sale in Monroe, MI

This home is located at 1206 Adams St, Monroe, MI 48161 since 19 July 2012 and is currently estimated at $236,123, approximately $91 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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