NOT LISTED FOR SALE

1260 E 5th St Monroe, MI 48161

Southeast Monroe Neighborhood

Estimated Value: $89,000 - $121,000

4 Beds
2 Baths
1,092 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $85,000 $78 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $580/month

38 Days on Market

About This Home

As of April 2022

2 Unit Ranch, Side by Side. Great Rental Investment. 2 Bedrooms each with Large living room open to Kitchen Area. All Appliances stay.

Last Agent to Sell the Property

Jean Knapp

Howard Hanna - Monroe License #MCAR-6501292778 Listed on: 02/22/2022

Howard Hanna - Monroe

Last Buyer's Agent

David Millerwise

MGR Realtors License #RCO-6502416832

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1942

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 35 x 144

Interior Spaces

  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Separate Meters

Community Details

  • 2 Units
  • Hagans Farms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58554900411000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,161

Year Built

Built in 1942

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Total Tax Amount: 1161
  • Year Built: 1942
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Frontage: 35
  • Foundation Type: Crawl

Utilities

  • Water: Public Water
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessments: Yes
  • Assessor Parcel Number: 58554900411000
  • Lot Dimensions: 35 x 144
  • Acreage: 0.12
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $742.00
  • Winter Tax: Year: 2021, Amount: $419.00
  • Total Tax: Amount: $1,161.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2022
Closed on
Apr 1, 2022
Sold by
Richard Kothe Shawn
Bought by
Millerwise David and Millerwise Jessica
Seller's Agent
Jean Knapp
Howard Hanna - Monroe
Buyer's Agent
David Millerwise
MGR Realtors
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%
Current Estimated Value
$99,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,666
Avg. Annual Appreciation
4.19%
Original Mortgage
$63,750
Outstanding Balance
$60,140
Interest Rate
4.67%
Estimated Equity
$39,526
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Millerwise David $85,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Millerwise David $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $85,000 -5.5% $78 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $89,900 -- $82 / Sq Ft
Source: Michigan Multiple Listing Service

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 $794 $29,400 $29,400 $0
2024 $758 $25,910 $0 $0
2023 $816 $20,160 $0 $0
2022 $860 $20,160 $0 $0
2021 $1,094 $17,530 $0 $0
2020 $769 $13,590 $0 $0
2019 $737 $13,590 $0 $0
2018 $1,787 $12,140 $0 $0
2017 $765 $12,140 $0 $0
2016 $701 $12,230 $0 $0
2015 $707 $12,540 $0 $0
2014 $707 $12,540 $0 $0
2013 -- $15,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jean Knapp

    Howard Hanna - Monroe

    (734) 341-5130

    2 in this area

    74 Total Sales

    Jean Knapp
    Section Image

  • D

    Buyer's Agent in 2022

    David Millerwise

    MGR Realtors

  • Jessica Millerwise

    Buyer Co-Listing Agent in 2022

    Jessica Millerwise

    MGR Realtors

    (734) 344-8147

    1 in this area

    224 Total Sales

    Jessica Millerwise
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50066497

Michigan Multiple Listing Service

APN: 55-49-00411-000

Michigan Monroe County Monroe 48161 Southeast Monroe

1260 E 5th St, Monroe, MI

Not Listed for Sale

MultiFamily

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