NOT LISTED FOR SALE

324 Monroe Ave Big Rapids, MI 49307

Estimated Value: $142,000 - $172,000

-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Last Sold March 27, 2015

Last sale price $55,000

Est. 185% increase in value since last sale

Current estimated payment $994/month

197 Days on Market

About This Home

As of March 2015

*REDUCED* Investor must see! This property is TURN KEY, as all the hard work has already been completed. Fully occupied, recently remodeled, hardwood floors, lots of storage, two stall garage, hobby/garden shed, upgraded kitchen. Beautiful rolling corner lot, just inside the city limits. Close proximity to of all of area shopping and services, yet only minutes from the expressway! No need for both units? Rent out one and live in the other and let it pay for itself. Options are numerous. 2 Bedroom Unit Grosses $750 p/month, 3 Bedroom Grosses $1,150 p/month Call today for your personal showing, this property won't last long!

Last Agent to Sell the Property

Brian Thompson

Key Realty License #6501373816 Listed on: 08/11/2014

Last Buyer's Agent

Kathy Fleming

Reed City Realty Inc License #6501295878

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 0.28 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Buildings
  • 2 Units

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 56900.0
  • Number of Buildings: 3
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true,"Rolling Hills":true}

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 11979.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1906.11
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2014
Closed on
Mar 27, 2015
Sold by
Sapp Shelly M and Sapp Jeffrey R
Bought by
Hammer Rj and Booher Hammer Kimberly L
Seller's Agent
Brian Thompson
Key Realty
Buyer's Agent
Kathy Fleming
Reed City Realty Inc
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%
Current Estimated Value
$156,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,619
Avg. Annual Appreciation
10.46%
Original Mortgage
$44,000
Outstanding Balance
$33,860
Interest Rate
3.73%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$122,759

Purchase Details

Listed on
Jul 27, 2012
Closed on
Nov 16, 2012
Sold by
Golupski Paul B and Estate Of Hugh T Morrow
Bought by
Sapp Jeffrey R and Sapp Shelly M
Seller's Agent
Deanna Flowers
Eagle Realty
Buyer's Agent
Russell Stevens
B & R Investment Partners LLC
List Price
$45,000
Sold Price
$25,000
Premium/Discount to List
-$20,000
-44.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.67%

Purchase Details

Closed on
May 31, 2007
Sold by
Estate Of Doris Lee Morrow
Bought by
Ringler Virginia and Morrow Hugh T
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
Hammer Rj -- Lakeland Title
Sapp Jeffrey R $25,000 Lakeland Title
Ringler Virginia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammer Rj $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2015 03/27/15 Sold $55,000 -8.2% --
02/24/2015 02/24/15 Pending -- -- --
08/11/2014 08/11/14 For Sale $59,900 +139.6% --
11/16/2012 11/16/12 Sold $25,000 -44.4% $17 / Sq Ft
11/08/2012 11/08/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $45,000 -- $30 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $1,951 $69,500 $0 $0
2024 -- $62,800 $0 $0
2023 -- $56,400 $0 $0
2022 $1,871 $47,000 $0 $0
2021 $1,871 $43,500 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2014 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Brian Thompson

    Key Realty

    Section Image

  • K

    Buyer's Agent in 2015

    Kathy Fleming

    Reed City Realty Inc

    (231) 388-2454

    4 in this area

    98 Total Sales

    Kathy Fleming
    Section Image

  • D

    Seller's Agent in 2012

    Deanna Flowers

    Eagle Realty

  • R

    Buyer's Agent in 2012

    Russell Stevens

    B & R Investment Partners LLC

    (231) 629-5389

    1 Total Sale

    Russell Stevens
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14046337

Southwestern Michigan Association of REALTORS®

APN: 5417-010-461-001

Michigan Mecosta County Big Rapids 49307

324 Monroe Ave, Big Rapids, MI

This home is located at 324 Monroe Ave, Big Rapids, MI 49307 since 11 August 2014 and is currently estimated at $156,619. This property was built in 1920. 324 Monroe Ave is a home located in Mecosta County with nearby schools including Big Rapids High School, Crossroads Charter Academy Elementary School, and Crossroads Charter Academy Middle/High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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