NOT LISTED FOR SALE

49 S Monroe St Monroe, MI 48161

Central Monroe Neighborhood

Estimated Value: $650,781

8 Beds
10 Baths
12,000 Sq Ft
$54/Sq Ft Est. Value

Last Sold July 30, 2020

Last sale price $525,000 $44 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,077/month

About This Home

As of July 2020

Investment Property. 8 studio apartments. Street Level office suite. Elevator. Basement. Very well maintained. Fourth floor added but not built out (shell). 8 parking places. Across the street from Court House and City Hall. Downtown Central Business District.

Last Agent to Sell the Property

Tom Fritz

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501316758 Listed on: 01/27/2020

Coldwell Banker Haynes R.E. in Monroe

Last Buyer's Agent

Tom Fritz

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501316758 Listed on: 01/27/2020

Coldwell Banker Haynes R.E. in Monroe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 89 x 85

Parking

  • 3 Car Parking Spaces

Kitchen

  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Basement

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 29-00083-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: More Than 2 Stories
  • Flood Insurance: Not Required
  • Total Tax Amount: 16235
  • Total Tax Year: 2019
  • Year Built: 1935
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Bedrooms: 8
  • Full Bathrooms: 10
  • Total Bathrooms: 10
  • Estimated Sq Ft: 12000

Exterior Features

  • Sideof Street: E
  • Foundation Type: Basement

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

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

Condo/Co-op/Association

  • Community Amenities: Elevator, Sidewalks

Lot Info

  • Assessor Parcel Number: 29-00083-00
  • Lot Dimensions: 89 x 85
  • Acreage: 0.17
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2019, Amount: $8,082.00
  • Winter Tax: Year: 2019, Amount: $8,153.00
  • Total Tax: Year: 2019, Amount: $16,235.00
  • SEV Year: 2019

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2020
Closed on
Jul 30, 2020
Sold by
Steward Holdings Llc
Bought by
101 W Front Llc
Seller's Agent
Tom Fritz
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Tom Fritz
Coldwell Banker Haynes R.E. in Monroe
List Price
$639,900
Sold Price
$525,000
Premium/Discount to List
-$114,900
-17.96%
Current Estimated Value
$650,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,781
Avg. Annual Appreciation
3.70%
Original Mortgage
$393,750
Outstanding Balance
$350,852
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$282,501

Purchase Details

Closed on
Jun 23, 2014
Sold by
Kalil Michael and Farbman Group Iii Llc
Bought by
Steward Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
4.13%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
101 W Front Llc $525,000 Lawyers Title
Steward Holdings Llc $500,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 101 W Front Llc $393,750
Previous Owner Steward Holdings Llc $408,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $525,000 -18.0% $44 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $639,900 -- $53 / 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 $19,510 $368,700 $24,920 $343,780
2024 $9,882 $329,110 $0 $0
2023 $9,450 $286,660 $0 $0
2022 $17,798 $286,660 $0 $0
2021 $18,783 $301,380 $0 $0
2020 $16,948 $297,950 $0 $0
2019 $16,236 $297,950 $0 $0
2018 $15,800 $283,520 $0 $0
2017 $15,474 $283,520 $0 $0
2016 $15,173 $264,780 $0 $0
2015 $15,170 $268,850 $0 $0
2014 $15,170 $268,850 $0 $0
2013 -- $26,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Fritz

    Seller's Agent in 2020

    Tom Fritz

    Coldwell Banker Haynes R.E. in Monroe

    (734) 625-7100

    13 in this area

    93 Total Sales

    Tom Fritz
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50004386

Michigan Multiple Listing Service

APN: 55-29-00083-000

Michigan Monroe County Monroe 48161 Central Monroe

49 S Monroe St, Monroe, MI

This home is located at 49 S Monroe St, Monroe, MI 48161 since 27 January 2020 and is currently estimated at $650,781, approximately $54 per square foot. This property was built in 1935. 49 S Monroe St is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and St John Elementary School.

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Michigan Multiple Listing Service Source MLS: MiRealSource
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