NOT LISTED FOR SALE

1405 Palmwood Ave Monroe, MI 48161

Southwest Monroe Neighborhood

Estimated Value: $194,321 - $234,000

4 Beds
2 Baths
1,740 Sq Ft
$123/Sq Ft Est. Value

Last Sold October 07, 2014

Last sale price $30,000 $17 Per Sq Ft

Est. 612% increase in value since last sale

Current estimated payment $1,442/month

96 Days on Market

About This Home

As of October 2014

Spacious upper/lower 2 unit property in a nice Monroe neighborhood. Detached garage with workshop office/cleanup area, enclosed porch upper and lower, unfinished basement area and more. A good value! All information regarding property subject to buyer verification.

Last Agent to Sell the Property

David Brooks

Brooks Real Estate Group License #6501260353 Listed on: 06/20/2014

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 65.00x132.00

Parking

  • Garage

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,740 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Conlisk Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58551900190000

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1920
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Total Sq Ft: 1740

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 210000.0000
  • Lot Size Area: 0.19
  • Lot Dimensions: 65.00X132.00
  • Parcel Number: 58551900190000
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1

Tax Info

  • Tax Amount Summer: 1356.0000
  • Tax Amount Winter: 1338.0000
  • Total Tax: 2694.0000

Multi Family

  • Gross Scheduled Income: 1.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2016
Sold by
Moser Donna Renee
Bought by
Robbins Kelly and Robbins Tinesha
Current Estimated Value
$213,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 20, 2014
Closed on
Oct 6, 2014
Sold by
Beneficial Michigan Inc
Bought by
Robbins Kelly
Seller's Agent
David Brooks
Brooks Real Estate Group
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$52,900
Sold Price
$30,000
Premium/Discount to List
-$22,900
-43.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.42%

Purchase Details

Closed on
May 20, 2014
Sold by
Campbell Stephen and Estate Of Stephen Charles Camp
Bought by
Beneficial Michigan Inc

Purchase Details

Closed on
Dec 16, 1999
Sold by
Patricia Cornstat
Bought by
Campbell Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
8.25%
Mortgage Type
New Conventional
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
Robbins Kelly $49,900 Lawyers Title
Robbins Kelly $30,000 Tri County Title Agency Inc
Beneficial Michigan Inc -- None Available
Campbell Stephen $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robbins Kelly $108,000
Previous Owner Campbell Stephen $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2014 10/07/14 Sold $30,000 -43.3% $17 / Sq Ft
09/24/2014 09/24/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $52,900 -- $30 / 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
2025 $3,884 $93,800 $93,800 $0
2024 $1,968 $89,960 $0 $0
2023 $1,882 $76,200 $0 $0
2022 $4,042 $76,200 $0 $0
2021 $3,334 $64,840 $0 $0
2020 $3,147 $59,690 $0 $0
2019 $3,015 $59,690 $0 $0
2018 $3,481 $54,120 $0 $0
2017 $2,873 $54,120 $0 $0
2016 $2,818 $52,110 $0 $0
2015 $2,737 $49,320 $0 $0
2014 $2,737 $49,320 $0 $0
2013 -- $47,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    David Brooks

    Brooks Real Estate Group

    Section Image

  • N

    Buyer's Agent in 2014

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2014

    Unidentified Agent

    Unidentified Office

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Map

Source: Realcomp

MLS Number: 214062776

Realcomp

APN: 55-19-00190-000

Michigan Monroe County Monroe 48161 Southwest Monroe

1405 Palmwood Ave, Monroe, MI

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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