NOT LISTED FOR SALE

327 E 3rd St Monroe, MI 48161

Central Monroe Neighborhood

Estimated Value: $185,000 - $253,000

6 Beds
3 Baths
2,246 Sq Ft
$93/Sq Ft Est. Value

Last Sold March 14, 2024

Last sale price $190,000 $85 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,323/month

18 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • 4-minute walk to Monroe Recreation Department
  • 5 Car Detached Garage
  • Wood Siding

About This Home

As of March 2024

HOME IS A CASH COW. LOCATED IN HISTORIC MONROE. TWO UNITS CURRENTLY RENTED MONTH TO MONTH. $2450 TOTAL FOR BOTH UNITS. 5 CAR GARAGE PREVIOUSLY RENTED OUT FOR $400 A MONTH THAT IS CURRENTLY VACANT. HOME IS SITUATED ON A DOUBLE LOT. FENCED IN YARD. LARGE COVERED PORCH.

Last Agent to Sell the Property

Allan Meyette

iLink Real Estate Co. License #MCAR-6501396506 Listed on: 01/24/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1853

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 90x140
  • Corner Lot

Parking

  • 5 Car Detached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Basement Storage
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Radiator
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 39-00558-000

Community Details

Overview

  • 2 Units
  • Wadsworth And Navarre Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,792

Year Built

Built in 1853

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Sub Structure Types: Garage(s)
  • Total Tax Amount: 2792.36
  • Total Tax Year: 2023
  • Year Built: 1853
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement Type: Common
  • Bedrooms: 6
  • Bathroom Description: First Flr Bath Lav/Half
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Source of Sq Ft: Public Records

Exterior Features

  • Construction: Wood
  • Foundation Type: Basement
  • Roads: Alley, City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 5
  • Parking: Garage, 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Radiator
  • Sewer/Septic System: Storm

Condo/Co-op/Association

  • Community Amenities: Laundry Facility, Sidewalks, Street Lights

Lot Info

  • Assessor Parcel Number: 39-00558-000
  • Location: Corner Lot
  • Lot Dimensions: 90X140
  • Acreage: 0.29
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Trash Removal, Water/Sewer, Electric, Gas
  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Year: 2023, Amount: $1,418.53
  • Winter Tax: Year: 2023, Amount: $1,373.83
  • Total Tax: Year: 2023, Amount: $2,792.36

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Mar 20, 2024
Sold by
Goins Bobby and Goins Judy
Bought by
Coe Roger
Seller's Agent
Allan Meyette
iLink Real Estate Co.
List Price
$209,500
Sold Price
$190,000
Premium/Discount to List
-$19,500
-9.31%
Views
38
Current Estimated Value
$209,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,318
Avg. Annual Appreciation
5.56%
Original Mortgage
$142,500
Outstanding Balance
$139,996
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$69,322

Purchase Details

Listed on
Jan 24, 2024
Closed on
Mar 14, 2024
Sold by
Goins Judith and Goins Bobby
Bought by
Coe Roger
Seller's Agent
Allan Meyette
iLink Real Estate Co.
List Price
$209,500
Sold Price
$190,000
Premium/Discount to List
-$19,500
-9.31%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Outstanding Balance
$139,996
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$69,322

Purchase Details

Closed on
Apr 6, 2017
Sold by
Goins Bobby
Bought by
Goins Bobby and Goins Judy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Coe Roger $190,000 First American Title
Coe Roger $190,000 First American Title
Goins Bobby -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coe Roger $142,500
Closed Coe Roger $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/14/2024 03/14/24 Sold $190,000 -9.3% $85 / Sq Ft
02/11/2024 02/11/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $209,500 +319.0% $93 / Sq Ft
11/14/2013 11/14/13 Sold $50,000 0.0% $22 / Sq Ft View Prior Sale
11/14/2013 11/14/13 Sold $50,000 -44.4% $22 / Sq Ft View Prior Sale
10/21/2013 10/21/13 Pending -- -- --
10/21/2013 10/21/13 Pending -- -- --
06/21/2013 06/21/13 For Sale $89,900 0.0% $40 / Sq Ft
04/22/2013 04/22/13 For Sale $89,900 -- $40 / 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 $2,723 $85,700 $85,700 $0
2024 $1,483 $102,600 $0 $0
2023 $1,419 $81,850 $0 $0
2022 $2,672 $81,850 $0 $0
2021 $2,582 $78,540 $0 $0
2020 $2,447 $67,410 $0 $0
2019 $2,344 $67,410 $0 $0
2018 $2,282 $56,490 $0 $0
2017 $2,234 $56,490 $0 $0
2016 $2,191 $51,710 $0 $0
2015 $2,118 $37,530 $0 $0
2014 $2,118 $37,530 $0 $0
2013 -- $37,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allan Meyette

    Seller's Agent in 2024

    Allan Meyette

    iLink Real Estate Co.

    (419) 367-2486

    1 in this area

    78 Total Sales

    Allan Meyette
    Section Image

  • C

    Seller's Agent in 2013

    Cheri Braunlich

    Coldwell Banker Haynes R.E. in Monroe

    Section Image
  • Scott Hudkins

    Buyer's Agent in 2013

    Scott Hudkins

    Howard Hanna - Monroe

    (734) 243-5000

    9 Total Sales

    Scott Hudkins
    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50132047

Michigan Multiple Listing Service

APN: 55-39-00558-000

Michigan Monroe County Monroe 48161 Central Monroe

327 E 3rd St, Monroe, MI

Not Listed for Sale

MultiFamily

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