Seller's Agent in 2022
Varinder Dhawan
Sohi Realty LLC
(734) 272-7965
1 in this area
19 Total Sales
212 S Macomb St Monroe, MI 48161
Central Monroe NeighborhoodEstimated Value: $459,860
17
Beds
22
Baths
8,828
Sq Ft
$52/Sq Ft
Est. Value
Highlights
- 0.38 Acre Lot
- Baseboard Heating
- Walk-Up Access
- Contemporary Architecture
- Historic Home
- 1-minute walk to Monroe Recreation Department
About This Home
As of February 2022PLEASE SUBMIT YOUR BEST AND FINAL OFFER by Tuesday Jan 11, 2022, 8:00pm EST
Sohi Reality is pleased to present a Historic Building as an investment opportunity in the heart of Monroe Business District with stable income potential. These 11 units apartment complex (Two building Units) with its own parking garages and additional parking space in close vicinity of major government office and businesses. With average rents better than national average and growing demand in this area presents a stable income flow for the investors.
PLEASE DON NOT APPROACH THE TENANTS. CALL THE LISTING AGENT FOR ANY QUESTIONS. The Red Brick Building consists of 6 Units; 4 Suite Units ($600.00 each / All Rented) he Second Grey Brick Building consists of 5 Units; All One Bedroom ($500.00 each / 4 Rented, 1 kept for showing) 11 Garages in the Rear are included in the sale, currently 8 rented for $50/Monthly.
Follow COVID Guidelines
Last Agent to Sell the Property
Sohi Realty LLC License #6501416023 Listed on: 01/08/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1850 | Remodeled in 2021
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 110.00x150.00
- Historic Home
Home Design
- Contemporary Architecture
- Early American Architecture
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 8,828 Sq Ft Home
- 2-Story Property
Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
Utilities
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 58553900222000
Community Details
Overview
- 11 Units
- Old Vlg Plat East Of Monroe St Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2022
Closed on
Mar 3, 2022
Sold by
Sidhu and Ravinder
Bought by
Cap 1 Real Estate Llc
Seller's Agent
Varinder Dhawan
Sohi Realty LLC
Buyer's Agent
Malvinder Dhawan
Sohi Realty LLC
List Price
$385,000
Sold Price
$412,500
Premium/Discount to List
$27,500
7.14%
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
$47,360
Avg. Annual Appreciation
2.80%
Original Mortgage
$357,000
Interest Rate
3.69%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 8, 2022
Closed on
Feb 25, 2022
Sold by
Sidhu and Ravinder
Bought by
Cap 1 Real Estate Llc
Seller's Agent
Varinder Dhawan
Sohi Realty LLC
Buyer's Agent
Malvinder Dhawan
Sohi Realty LLC
List Price
$385,000
Sold Price
$412,500
Premium/Discount to List
$27,500
7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
3.69%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 7, 2018
Closed on
Mar 16, 2018
Sold by
R&K Apartments Llc
Bought by
Sidhu Jaspreet S and Sidhu Ravinder K
Seller's Agent
Jasnayak Sohi
Sohi Realty LLC
Buyer's Agent
Jasnayak Sohi
Sohi Realty LLC
List Price
$255,000
Sold Price
$233,000
Premium/Discount to List
-$22,000
-8.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.56%
Original Mortgage
$145,015
Interest Rate
4.38%
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 |
|---|---|---|---|
| Cap 1 Real Estate Llc | $412,500 | None Listed On Document | |
| Cap 1 Real Estate Llc | $412,500 | None Listed On Document | |
| Sidhu Jaspreet S | $233,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cap 1 Real Estate Llc | $357,000 | |
| Closed | Cap 1 Real Estate Llc | $357,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $412,500 | +7.1% | $47 / Sq Ft |
| 01/19/2022 01/19/22 | Pending | -- | -- | -- |
| 01/08/2022 01/08/22 | For Sale | $385,000 | +65.2% | $44 / Sq Ft |
| 03/16/2018 03/16/18 | Sold | $233,000 | -8.6% | $39 / Sq Ft |
| 03/07/2018 03/07/18 | Pending | -- | -- | -- |
| 03/07/2018 03/07/18 | For Sale | $255,000 | -- | $43 / 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 | $12,473 | $202,000 | $54,070 | $147,930 |
| 2024 | $6,318 | $202,030 | $0 | $0 |
| 2023 | $6,417 | $198,630 | $0 | $0 |
| 2022 | $11,052 | $198,630 | $0 | $0 |
| 2021 | $10,681 | $172,320 | $0 | $0 |
| 2020 | $10,345 | $173,720 | $0 | $0 |
| 2019 | $10,563 | $173,720 | $0 | $0 |
| 2018 | $8,677 | $146,720 | $0 | $0 |
| 2017 | $8,498 | $146,720 | $0 | $0 |
| 2016 | $8,408 | $146,720 | $0 | $0 |
| 2015 | $8,196 | $145,260 | $0 | $0 |
| 2014 | $8,196 | $145,260 | $0 | $0 |
| 2013 | -- | $144,070 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Varinder Dhawan
-
Malvinder Dhawan
Buyer's Agent in 2022
Malvinder Dhawan
Sohi Realty LLC
(734) 447-7563
1 in this area
22 Total Sales
-
J
Seller's Agent in 2018
Jasnayak Sohi
Sohi Realty LLC
Map
Source: Realcomp
MLS Number: 2220001583
APN: 55-39-00222-000
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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