NOT LISTED FOR SALE

Estimated Value: $125,000 - $247,000

6 Beds
2 Baths
2,090 Sq Ft
$93/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $41,000 $20 Per Sq Ft

Est. 373% increase in value since last sale

Current estimated payment $1,407/month

64 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • 5-minute walk to Arbor Lorain Park
  • Porch

About This Home

As of July 2019

Invest in your future with this multi-family income producing property! Whether you live in one side and rent the other or rent out both units, you can earn income! Both units offer an enclosed front porch, 3 bedrooms, 1 bath, living room, dining room, kitchen, basement and separate driveways! Both units have separate utility services. Home is conveniently located near hospital & downtown parks & eateries!

Last Agent to Sell the Property

Scott Harris

Howard Hanna - Monroe License #MCAR-6501232803 Listed on: 04/30/2019

Howard Hanna - Monroe

Co-Listed By

Tom Wagner

Howard Hanna - Monroe License #MCAR-6501310943

Last Buyer's Agent

Thomas Haynes

Key Realty One LLC in Monroe License #MCAR-6501389684

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 60x44

Parking

  • 2 Car Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

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

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Schools

  • Monroe High School

Utilities

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

Community Details

  • 2 Units
  • Lockwood And Littles Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58555900851000

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Flood Insurance: Not Required
  • Total Tax Amount: 2867
  • Total Tax Year: 2018
  • Year Built: 1940
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2090

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Deck, Porch, Sidewalks
  • Frontage: 60
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Parking: 2 Spaces

Utilities

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

Schools

  • High School: Monroe

Lot Info

  • Assessor Parcel Number: 58555900851000
  • Lot Dimensions: 60x44
  • Acreage: 0.06
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Trash Removal

Tax Info

  • Summer Tax: Year: 2018, Amount: $1,817.00
  • Winter Tax: Year: 2018, Amount: $1,050.00
  • Total Tax: Year: 2018, Amount: $2,867.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools
  • HighSchool: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2020
Sold by
Haynes Thomas A
Bought by
Haynes Holdings Llc
Current Estimated Value
$194,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2020
Sold by
Haynes Thomas A and Haynes Holdings Llc
Bought by
Haynes Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2019
Closed on
Jul 15, 2019
Sold by
Federal National Mortgage Association
Bought by
Haynes Holdings Llc
Seller's Agent
Scott Harris
Howard Hanna - Monroe
Buyer's Agent
Thomas Haynes
Key Realty One LLC in Monroe
List Price
$55,000
Sold Price
$41,000
Premium/Discount to List
-$14,000
-25.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.82%

Purchase Details

Listed on
Apr 30, 2019
Closed on
Jul 11, 2019
Sold by
Federal National Mortgage Association
Bought by
Haynes Holdings Llc
Seller's Agent
Scott Harris
Howard Hanna - Monroe
Buyer's Agent
Thomas Haynes
Key Realty One LLC in Monroe
List Price
$55,000
Sold Price
$41,000
Premium/Discount to List
-$14,000
-25.45%

Purchase Details

Closed on
Feb 7, 2019
Sold by
Monroe County Sheriff
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 20, 1998
Sold by
Bica Ii James M
Bought by
Butler Adam R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.24%
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
Haynes Holdings Llc -- Lawyers Title
Haynes Thomas A -- Lawyers Title
Haynes Holdings Llc $41,000 None Listed On Document
Haynes Holdings Llc $41,000 None Listed On Document
Federal National Mortgage Association $64,900 None Available
Butler Adam R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haynes Holdings Llc $112,500
Closed Haynes Thomas A $84,000
Previous Owner Butler Adam R $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $41,000 -18.0% $20 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
05/29/2019 05/29/19 Price Changed $50,000 -9.1% $24 / Sq Ft
04/30/2019 04/30/19 For Sale $55,000 -- $26 / 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 $4,198 $78,090 $0 $0
2024 $2,126 $78,090 $0 $0
2023 $2,034 $61,690 $0 $0
2022 $3,830 $61,690 $0 $0
2021 $3,671 $60,590 $0 $0
2020 $3,479 $50,810 $0 $0
2019 $2,168 $50,810 $0 $0
2018 $2,867 $47,980 $0 $0
2017 $2,067 $47,980 $0 $0
2016 $2,509 $39,850 $0 $0
2015 $2,803 $34,720 $0 $0
2014 $2,803 $34,720 $0 $0
2013 -- $34,590 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31378266

Michigan Multiple Listing Service

APN: 55-59-00851-000