Seller's Agent in 2022
Brian Russell
Premiere Realty Group LLC
(734) 558-7132
1 in this area
135 Total Sales
2 Long Ct Monroe, MI 48161
Southwest Monroe NeighborhoodEstimated Value: $163,000 - $205,000
5
Beds
3
Baths
2,074
Sq Ft
$85/Sq Ft
Est. Value
Highlights
- Deck
- Porch
- 4-minute walk to Memorial Park
- Early American Architecture
- Forced Air Heating System
About This Home
As of April 2022Great investment opportunity! This Tri-Plex has potential to gross $23,000-$24,000 per year. The two 1 bedroom units, are currently leased for $550 a month($1100 total). One of the tenants are month to month and the other is in a signed lease until Aug 2022. The upper 3 bedroom unit has been totally remodeled with a new kitchen, bathroom, vinyl plank flooring and freshly painted. The 3 bedroom could easily be rented for $800-$900 per month. Entire home has updated windows and is vinyl sided. Large basement with 2 furnaces/hot water tanks and is great for storage. Adequate gravel parking area. The owner pays the water/sewer bill. The 3 bedroom unit has it's own separate utilities and the two 1 bedroom units, share utilities(which owner currently pays). All 3 units include a stove & refrigerator. Rental re-inspection is scheduled for 6/1/22(City is backed up). Owner requires 12 hour notice for showings. Showings Mon-Fri after 4pm, weekends more flexible. Buyer agent to verify all info.
Last Agent to Sell the Property
Premiere Realty Group LLC License #6501287554 Listed on: 03/22/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1903
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 49.00x91.40
Parking
- Unassigned Parking
Home Design
- Early American Architecture
- Block Foundation
- Stone Foundation
- Vinyl Construction Material
Interior Spaces
- 3 Full Bathrooms
- 2,074 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Outdoor Features
- Deck
- Porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 58552900500000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2022
Closed on
Apr 25, 2022
Sold by
Feaganes Llc
Bought by
Rnj Properties Llc
Seller's Agent
Brian Russell
Premiere Realty Group LLC
Buyer's Agent
Jessica Flint
Key Realty - Monroe
List Price
$139,900
Sold Price
$140,000
Premium/Discount to List
$100
0.07%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,788
Avg. Annual Appreciation
6.51%
Original Mortgage
$119,000
Interest Rate
4.38%
Mortgage Type
Construction
Purchase Details
Closed on
Apr 25, 2017
Sold by
Bank Of America Na and Carrington Mortgage Servi Ces Llc
Bought by
Veterans Affairs
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.97%
Purchase Details
Closed on
Oct 20, 2016
Sold by
Feaganes Donald J and Feaganes Holie Nc
Bought by
Feaganes Llc
Purchase Details
Closed on
Mar 14, 2002
Sold by
Trst James Morr
Bought by
Nisley Terry and Nisley Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,100
Interest Rate
6.93%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rnj Properties Llc | $140,000 | First American Title | |
| Veterans Affairs | -- | -- | |
| Feaganes Llc | -- | None Available | |
| Nisley Terry | $88,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Rnj Properties Llc | $119,000 | |
| Previous Owner | Veterans Affairs | -- | |
| Previous Owner | Nisley Terry | $94,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/25/2022 04/25/22 | Sold | $140,000 | +0.1% | $68 / Sq Ft |
| 03/24/2022 03/24/22 | Pending | -- | -- | -- |
| 03/22/2022 03/22/22 | For Sale | $139,900 | -- | $67 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $2,414 | $76,900 | $76,900 | $0 |
| 2024 | $2,304 | $74,880 | $0 | $0 |
| 2023 | $2,204 | $60,980 | $0 | $0 |
| 2022 | $2,146 | $60,980 | $0 | $0 |
| 2021 | $2,075 | $55,650 | $0 | $0 |
| 2020 | $1,966 | $48,840 | $0 | $0 |
| 2019 | $1,883 | $48,840 | $0 | $0 |
| 2018 | $1,833 | $42,770 | $0 | $0 |
| 2017 | $1,795 | $42,770 | $0 | $0 |
| 2016 | $1,761 | $43,930 | $0 | $0 |
| 2015 | $1,702 | $30,160 | $0 | $0 |
| 2014 | $1,702 | $30,160 | $0 | $0 |
| 2013 | -- | $31,310 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Russell
-
Jessica Flint
J
Buyer's Agent in 2022
Jessica Flint
Key Realty - Monroe
(734) 735-9441
6 in this area
57 Total Sales
Map
Source: Realcomp
MLS Number: 2220019063
APN: 55-29-00500-000
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