NOT LISTED FOR SALE

205 W Monroe St Bangor, MI 49013

Estimated Value: $260,170

Studio
-- Baths
-- Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: October 15, 2021

Last sale price $205,000

Est. 27% increase in value since last sale

Current estimated payment $1,695 / mo

16 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Laundry Facilities

About This Home

As of October 2021

Great investment opportunity in downtown Bangor. Property includes four fully occupied residential units and coin laundry, grossing $2135 a month and a restaurant, grossing $850 a month. Tenant has triple net lease and pays half of the taxes. The commercial space holding the restaurant has the potential to be divided creating six units. The exterior of the building has been updated with metal siding. New rubber roof two years old. Walking in coolers were rebuilt two years ago.

Last Agent to Sell the Property

William Dygert

RE/MAX by the Lake License #6501399356 Listed on: 08/29/2021

RE/MAX by the Lake

Last Buyer's Agent

Scott Whiteford

WRE Sales LLC License #6502430634

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 43x81
  • Corner Lot

Parking

  • 5 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Basement

  • Michigan Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • The owner pays for trash collection

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • General Property Info:Basement: Yes
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: Phone Available
  • Extras:Extras: Laundry Facility, Sep Electric Meter, Sep Gas Meter, Sep Water Meter
  • Lot Description:Lot Description: Corner Lot
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Other
  • List Price: 215000.0
  • Lot Features: Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Roofing:Roofing: Rubber

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Phone Available
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 43x81
  • Lot Size Sq Ft: 7405.0

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 7343.0
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2021
Closed on
Oct 15, 2021
Sold by
Lake Michigan Holdings Re Llc
Bought by
Seller's Agent
William Dygert
RE/MAX by the Lake
Buyer's Agent
Scott Whiteford
WRE Sales LLC
List Price
$215,000
Sold Price
$205,000
Premium/Discount to List
-$10,000
-4.65%
Current Estimated Value
$260,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,170
Avg. Annual Appreciation
5.00%

Purchase Details

Listed on
Jan 17, 2019
Closed on
Mar 29, 2019
Sold by
Ratzlaff Kenny
Bought by
Lake Michigan Holdings Re Llc
Seller's Agent
Adam Atwood
Five Star Real Estate
Buyer's Agent
William Dygert
RE/MAX by the Lake
List Price
$189,900
Sold Price
$164,900
Premium/Discount to List
-$25,000
-13.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$150,412
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2016
Sold by
Trauer Group Llc
Bought by
Calvary Creek Llc

Purchase Details

Closed on
Dec 16, 2015
Sold by
Sturgis Bank & Trust Company
Bought by
Trauer Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 2010
Sold by
Early Steven H and Early Rosemary
Bought by
West Michigan Savings Bank

Purchase Details

Closed on
Nov 24, 1997
Sold by
Lytle Marsha
Bought by
Early Steven and Early Rosemary

Purchase Details

Closed on
Aug 26, 1995
Bought by
Lytle Marsha

Purchase Details

Closed on
Aug 1, 1995
Bought by
Lytle Marsha
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Of Mi Inc
Lake Michigan Holdings Re Llc $164,900 Star Title Agency Llc
Calvary Creek Llc -- None Available
Trauer Group Llc $50,000 Attorney
West Michigan Savings Bank -- None Available
Early Steven $50,700 --
Lytle Marsha $60,000 --
Lytle Marsha -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $150,412
Previous Owner Trauer Group Llc $42,500
Previous Owner Early Steven H $15,000
Previous Owner Early Steven H $100,000
Previous Owner Early Steven H $66,196
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2021 10/15/21 Sold $205,000 -4.7% --
09/14/2021 09/14/21 Pending -- -- --
08/29/2021 08/29/21 For Sale $215,000 +30.4% --
03/29/2019 03/29/19 Sold $164,900 -13.2% -- View Prior Sale
02/03/2019 02/03/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $189,900 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,020 $142,400 $0 $0
2025 $3,320 $135,800 $8,400 $127,400
2024 $3,245 $126,700 $0 $0
2023 $3,090 $111,600 $0 $0
2022 $7,085 $117,000 $0 $0
2021 $6,275 $89,600 $4,200 $85,400
2020 $7,343 $105,000 $4,200 $100,800
2019 $3,586 $52,100 $9,900 $42,200
2018 $3,431 $50,800 $9,900 $40,900
2017 $3,366 $52,700 $5,500 $47,200
2016 $3,489 $88,900 $5,500 $83,400
2015 $2,643 $88,900 $5,500 $83,400
2014 $2,615 $87,400 $0 $0
2013 -- $88,400 $5,600 $82,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21103104

MichRIC

APN: 80-54-603-001-00

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