NOT LISTED FOR SALE

4011 Monroe Rd Tipton, MI 49287

Estimated Value: $221,000 - $298,000

Studio
-- Bath
2,412 Sq Ft
$110/Sq Ft Est. Value

Last Sold June 03, 2014

Last sale price $95,000 $39 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $1,587/month

356 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Porch

About This Home

As of June 2014

Spacious duplex with separate utilities. Great set-up for living in one unit and renting the other to help with your house payment or rent out both units and let your renters make your house payment. House has been extensively renovated and updated since 2000. Township park on side back and across the street. Upstairs unit has tenant, downstairs unit vacant.

Last Agent to Sell the Property

Paula Mamayek

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502123566 Listed on: 05/13/2013

Last Buyer's Agent

Jeff Rising

Cornerstone Real Estate License #LCAR-6502365182

Cornerstone Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 56x145

Home Design

  • Wood Siding

Interior Spaces

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

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Septic Tank

Community Details

  • 2 Units
  • Net Operating Income $5,057

Listing and Financial Details

  • Assessor Parcel Number FR0-520-0510-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,444

Year Built

Built in 1920

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1443.94
  • Total Tax Year: 2013
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch, Exterior Balcony
  • Frontage: 56
  • Roads: Paved Street

Utilities

  • Water: Private Well
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Septic

Lot Info

  • Assessor Parcel Number: FR0-520-0510-00
  • Lot Dimensions: 56x145
  • Acreage: 0.18
  • Lot Description: Sidewalks
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes
  • Total Expenses: 2443

Tax Info

  • Summer Tax: Amount: $1,240.95
  • Winter Tax: Amount: $202.99
  • Total Tax: Year: 2013, Amount: $1,443.94

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Tecumseh Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2018
Sold by
Lake View Lone Servicing
Bought by
Department Of Housing & Urban Dev
Current Estimated Value
$266,340

Purchase Details

Closed on
Apr 26, 2018
Sold by
Unknown
Bought by
Lakeview Loan Servicing

Purchase Details

Listed on
May 13, 2013
Closed on
Jun 3, 2014
Sold by
Morse James M and Morse Connie S
Bought by
Ehinger Myszka D
Seller's Agent
Paula Mamayek
Howard Hanna Real Estate Services-Tecumseh
Buyer's Agent
Jeff Rising
Cornerstone Real Estate
List Price
$118,500
Sold Price
$95,000
Premium/Discount to List
-$23,500
-19.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$93,279
Interest Rate
4.18%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2003
Bought by
Morse Family Trust
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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Purchase History

Date Buyer Sale Price Title Company
Department Of Housing & Urban Dev -- --
Lakeview Loan Servicing $54,000 --
Ehinger Myszka D $95,000 None Available
Morse Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ehinger Myszka D $93,279
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2014 06/03/14 Sold $95,000 -19.8% $39 / Sq Ft
05/04/2014 05/04/14 Pending -- -- --
05/13/2013 05/13/13 For Sale $118,500 -- $49 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,580 $128,200 $0 $0
2024 $20 $117,000 $0 $0
2022 $2,522 $103,300 $0 $0
2021 $2,522 $84,600 $0 $0
2020 $2,490 $50,000 $0 $0
2019 $97,383 $35,500 $0 $0
2018 $1,067 $1,810 $0 $0
2017 $1,027 $1,810 $0 $0
2016 $1,012 $1,810 $0 $0
2014 -- $1,810 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20355632

Michigan Multiple Listing Service

APN: FR0-520-0510-00

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