NOT LISTED FOR SALE

50 Virginia Dr Monroe, MI 48162

Northwest Monroe Neighborhood

Estimated Value: $921,973

26 Beds
16 Baths
16,800 Sq Ft
$55/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2019

Last sale price $575,000 $34 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,931 / mo

3 Days on Market

About This Home

As of May 2019

Well kept multi-family investment property. Fully Occupied. priced at 10% capitalization rate. 16 units. 6 are one bedroom and 10 are 2 bedroom units. 3 Buildings. Each building has coin laundry. Tenant pays electric. Boiler heat. 11 space carport. Located near the River Raisin. Minutes from the Downtown Business District.

Last Agent to Sell the Property

Jason Kudary

REMAX Platinum Grand Blanc License #FAAR-6502136643 Listed on: 02/06/2019

Co-Listed By

Alan Haynes

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6502134087

Last Buyer's Agent

Mike Fayz

Real Estate One-Dbn Hts License #RCO-6501237882

Real Estate One-Dbn Hts

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 29,185 Sq Ft Lot
  • Lot Dimensions are 128 x 208

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 16 Full Bathrooms

Parking

  • Carport
  • On-Street Parking

Utilities

  • Central Air
  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 69-01533-003

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0.67 Acres

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Apartment
  • Type Of Property: Multi-Family
  • Structure Style: More Than 2 Stories
  • Total Tax Amount: 15195
  • Year Built: 1963
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 26
  • Full Bathrooms: 16
  • Total Bathrooms: 16

Exterior Features

  • Construction: Brick
  • Exterior Features: Sidewalks
  • Foundation Type: Slab
  • Roads: Paved Street

Garage/Parking

  • Garage Type: Carport
  • Parking: Covered Parking, On Street

Utilities

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

Lot Info

  • Assessor Parcel Number: 69-01533-003
  • Lot Dimensions: 128 x 208
  • Acreage: 0.67
  • Lot Description: Sidewalks
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2018, Amount: $7,631.00
  • Winter Tax: Year: 2018, Amount: $7,563.00
  • Total Tax: Amount: $15,195.00

Multi Family

  • Total Units: 16

MLS Schools

  • School District: Monroe Public Schools

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2019
Closed on
May 24, 2019
Sold by
Bought by
Seller's Agent
Jason Kudary
REMAX Platinum Grand Blanc
Buyer's Agent
Mike Fayz
Real Estate One-Dbn Hts
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%
Current Estimated Value
$921,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,973
Avg. Annual Appreciation
6.84%
Original Mortgage
$460,000
Interest Rate
0.042%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 19, 2013
Closed on
Mar 19, 2013
Sold by
Bought by
Seller's Agent
Alan Haynes
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Alan Haynes
Coldwell Banker Haynes R.E. in Monroe
List Price
$700,000
Sold Price
$580,000
Premium/Discount to List
-$120,000
-17.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.14%
Original Mortgage
$540,000
Interest Rate
0.0352%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$575,000 Lawyers Title
$580,000 Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $460,000
Previous Owner $540,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2019 05/24/19 Sold $575,000 -11.5% $34 / Sq Ft
02/09/2019 02/09/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $650,000 +12.1% $39 / Sq Ft
03/19/2013 03/19/13 Sold $580,000 -17.1% $39 / Sq Ft View Prior Sale
03/19/2013 03/19/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $700,000 -- $47 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,063 $357,900 $22,350 $335,550
2024 $10,561 $357,910 $0 $0
2023 $10,099 $347,840 $0 $0
2022 $19,020 $347,840 $0 $0
2021 $18,382 $296,550 $0 $0
2020 $17,865 $304,210 $0 $0
2019 $15,614 $304,210 $0 $0
2018 $15,195 $256,930 $0 $0
2017 $14,881 $327,182 $0 $0
2016 $14,723 $256,930 $0 $0
2015 $14,353 $254,380 $0 $0
2014 $14,353 $254,380 $0 $0
2013 -- $252,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jason Kudary

    RE/MAX Michigan

  • Alan Haynes

    Seller Co-Listing Agent in 2019

    Alan Haynes

    Coldwell Banker Haynes R.E. in Monroe

    (734) 735-9393

    9 in this area

    113 Total Sales

    Alan Haynes
    Section Image
  • Mike Fayz

    Buyer's Agent in 2019

    Mike Fayz

    Real Estate One-Dbn Hts

    (313) 903-5300

    115 Total Sales

    Mike Fayz
    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31370304

Michigan Multiple Listing Service

APN: 55-69-01533-003

Michigan Monroe County Monroe 48162 Northwest Monroe

50 Virginia Dr, Monroe, MI

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