NOT LISTED FOR SALE

328 E 1st St Monroe, MI 48161

Central Monroe Neighborhood

Estimated Value: $154,000 - $188,000

3 Beds
2 Baths
2,232 Sq Ft
$74/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $130,000 $58 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,060/month

25 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Forced Air Heating System
  • Wood Flooring
  • Porch
  • 3-minute walk to Monroe Recreation Department

About This Home

As of March 2022

Large 2 story corner lot 2 unit property. 1 bedroom in upper unit. 2 bedrooms in lower unit. Roof -2009. Siding - 2010. Windows- 2010. Furnace-2010. Conveniently located near shopping, schools, city amenities. Upper unit on yearly lease; lower unit leased month to month. separate meters. Kitchen appliances stay. Owner currently pays water. MASKS ARE REQUIRED.

Last Agent to Sell the Property

Katie Burroughs

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501393164 Listed on: 01/09/2022

Coldwell Banker Haynes R.E. in Monroe

Last Buyer's Agent

Alli Henning

Dwellings Michigan License #RCO-6501409703

Dwellings Michigan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1873

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 133
  • Corner Lot

Home Design

  • Colonial Architecture

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 553900536000

Community Details

Overview

  • 2 Units
  • Wadsworth & Navarre Plat Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,499

Year Built

Built in 1873

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Total Tax Amount: 1499
  • Total Tax Year: 2021
  • Year Built: 1873
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Hardwood Floors
  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 3
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior Features: Porch
  • Foundation Type: Crawl
  • Roads: City/County, Paved Street

Garage/Parking

  • Garage Type: Off Street
  • Parking: 2 Spaces

Utilities

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

Condo/Co-op/Association

  • Community Amenities: Laundry Facility, Sidewalks, Street Lights

Lot Info

  • Assessor Parcel Number: 553900536000
  • Location: Corner Lot
  • Lot Dimensions: 50 x 133
  • Acreage: 0.15
  • Lot Description: Sidewalks
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Water/Sewer
  • Lease Information: Water Included

Tax Info

  • Summer Tax: Year: 2021, Amount: $767.00
  • Winter Tax: Year: 2021, Amount: $732.00
  • Total Tax: Year: 2021, Amount: $1,499.00

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 9, 2022
Closed on
Mar 18, 2022
Sold by
Eric Mason
Bought by
J Campbell Llc
Seller's Agent
Katie Burroughs
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Alli Henning
Dwellings Michigan
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%
Current Estimated Value
$165,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,733
Avg. Annual Appreciation
6.65%
Original Mortgage
$97,500
Outstanding Balance
$90,857
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$74,876

Purchase Details

Listed on
Jan 9, 2022
Closed on
Mar 3, 2022
Sold by
Brian Spaulding Jeffrey
Bought by
Mason Eric
Seller's Agent
Katie Burroughs
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Alli Henning
Dwellings Michigan
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Outstanding Balance
$90,857
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$74,876
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
J Campbell Llc -- Lievens Law Pllc
Mason Eric $130,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mason Eric $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2022 03/03/22 Sold $130,000 -3.6% $58 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
01/09/2022 01/09/22 For Sale $134,900 -- $60 / 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 $2,299 $77,700 $77,700 $0
2024 $2,194 $70,170 $0 $0
2023 $2,133 $55,050 $0 $0
2022 $1,098 $55,050 $0 $0
2021 $1,501 $47,360 $0 $0
2020 $1,422 $43,490 $0 $0
2019 $1,362 $43,490 $0 $0
2018 $1,326 $34,890 $0 $0
2017 $1,299 $34,890 $0 $0
2016 $1,274 $29,760 $0 $0
2015 $1,232 $21,830 $0 $0
2014 $1,232 $21,830 $0 $0
2013 -- $21,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katie Burroughs

    Seller's Agent in 2022

    Katie Burroughs

    Coldwell Banker Haynes R.E. in Monroe

    (704) 214-0103

    5 in this area

    114 Total Sales

    Katie Burroughs
    Section Image
  • Alli Henning

    Buyer's Agent in 2022

    Alli Henning

    Dwellings Michigan

    (734) 799-1827

    6 in this area

    144 Total Sales

    Alli Henning
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50063803

Michigan Multiple Listing Service

APN: 55-39-00536-000

Michigan Monroe County Monroe 48161 Central Monroe

328 E 1st St, Monroe, MI

Not Listed for Sale

MultiFamily

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