NOT LISTED FOR SALE

Estimated Value: $163,000 - $194,000

5 Beds
4 Baths
2,035 Sq Ft
$87/Sq Ft Est. Value

Last Sold March 28, 2020

Last sale price $110,000 $54 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,322/month

19 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 2-minute walk to Boyd Park

About This Home

As of March 2020

Great cash flow, building is fully occupied. Gas and electric are separate, current owner pays gas and electric for two units. That could be changed to increase cash flow. All 4 furnaces are about 12 years old.

Last Agent to Sell the Property

Steve Hudkins

Berkshire Hathaway Home Service Kee Realty License #MCAR-6502110924 Listed on: 02/13/2020

Berkshire Hathaway Home Service Kee Realty

Last Buyer's Agent

Jessica Flint

Key Realty License #RCO-6501381986

Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1893

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x80
  • Corner Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units
  • Old Village West Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-29-00226-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,072

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2072
  • Total Tax Year: 2019
  • Year Built: 1893
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Estimated Sq Ft: 2035

Exterior Features

  • Construction: Aluminum, Vinyl Siding
  • Frontage: 50
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 55-29-00226-000
  • Location: Corner Lot
  • Lot Dimensions: 50x80
  • Acreage: 0.09
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Year: 2019, Amount: $1,055.00
  • Winter Tax: Year: 2019, Amount: $1,017.00
  • Total Tax: Year: 2019, Amount: $2,072.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2020
Closed on
May 20, 2020
Sold by
Smith Scott
Bought by
Flint Jessica and Flint Rodney
Seller's Agent
Steve Hudkins
Berkshire Hathaway Home Service Kee Realty
Buyer's Agent
Jessica Flint
Key Realty
List Price
$117,900
Sold Price
$110,000
Premium/Discount to List
-$7,900
-6.7%
Current Estimated Value
$176,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,483
Avg. Annual Appreciation
8.75%
Original Mortgage
$82,500
Outstanding Balance
$73,585
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$100,299
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
Flint Jessica $110,000 Lawyers Title Agcy Of Monroe
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flint Jessica $82,500
Closed Flint Jessica $82,500
Previous Owner Smith Scott P $13,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2020 03/28/20 Sold $110,000 -6.7% $54 / Sq Ft
03/09/2020 03/09/20 For Sale $117,900 0.0% $58 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
03/01/2020 03/01/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $117,900 -- $58 / Sq Ft
Source: Michigan Multiple Listing Service

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 $4,415 $86,600 $86,600 $0
2024 $2,236 $84,490 $0 $0
2023 $2,138 $68,830 $0 $0
2022 $4,028 $68,830 $0 $0
2021 $3,893 $62,800 $0 $0
2020 $2,192 $54,920 $0 $0
2019 $2,100 $54,920 $0 $0
2018 $2,044 $48,040 $0 $0
2017 $2,002 $48,040 $0 $0
2016 $1,964 $49,370 $0 $0
2015 $1,898 $33,640 $0 $0
2014 $1,898 $33,640 $0 $0
2013 -- $34,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50005937

Michigan Multiple Listing Service

APN: 55-29-00226-000