NOT LISTED FOR SALE

501 E 2nd St Monroe, MI 48161

Central Monroe Neighborhood

Estimated Value: $144,701

4 Beds
1 Bath
1,139 Sq Ft
$127/Sq Ft Est. Value

Last Sold November 02, 2021

Last sale price $130,000 $114 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $945/month

33 Days on Market

Highlights

  • Traditional Architecture
  • Workshop
  • 2 Car Detached Garage
  • Wood Flooring
  • Fenced Yard
  • 4-minute walk to Monroe Recreation Department

About This Home

As of November 2021

Lovely 4-bedroom home close to Downtown Monroe shopping, restaurants and banks and minutes from I-75 and Telegraph Road has been lovingly updated with fresh paint throughout. Inviting front porch offers a quiet space to sit and enjoy quiet summer nights and sunsets. Backyard has a concrete patio area and offers a fenced-in yard for families to entertain guests and for children and/or pets to safely play in. First floor full-bath has been updated with new flooring, fixtures, vanity and paint. House has been freshly painted with neutral colors for the next homeowner. First floor bedroom has original hardwood floors and a ceiling fan. Home features three roomy upstairs bedrooms. Full Basement has been freshly painted throughout. New Roof on home in 2009. New furnace installed in 2014. 2-car detached garage has automatic garage door with alley access and also has work benches to make a great workshop for projects. This charming home is waiting for you to make it your very own!

Last Agent to Sell the Property

Dione Oerther

Key Realty One LLC - Roessler License #MCAR-6?5?0?6?0?4?9?3?3?3 Listed on: 08/21/2021

Last Buyer's Agent

James Beavers

RE/MAX Dynamic License #RCO-6501410011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 32x140
  • Fenced Yard

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,139 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Living Room
  • Workshop

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 2 Car Detached Garage
  • Workshop in Garage

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Studdiford Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-39-00385-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,561

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Traditional
  • Structure Style: 1 1/2 Story
  • Year Built: 1928
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Hardwood Floors
  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement: Block, Full
  • Bedrooms: 4
  • Bedroom 1: On Entry Level, Dimensions: 12 x 9
  • Bedroom 1 Floor Covering: Wood
  • Bedroom 2: On Upper Floor, Dimensions: 10 x 9
  • Bedroom 2 Floor Covering: Carpet
  • Bedroom 3: On Upper Floor, Dimensions: 10 x 9
  • Bedroom 3 Floor Covering: Carpet
  • Bedroom 4: On Upper Floor, Dimensions: 13 x 11
  • Bedroom 4 Floor Covering: Carpet
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Bathroom 1: Dimensions: 9 x 6, On Level: Entry, Flooring: Laminate
  • Room Types: Living Room, Workshop, First Flr Full Bathroom
  • Dining Room: On Entry Level, Dimensions: 16 x 11
  • Dining Room Floor Covering: Wood
  • Kitchen: On Entry Level, Dimensions: 12 x 11
  • Kitchen Floor Covering: Laminate
  • Living Room: On Entry Level, Dimensions: 23 x 14
  • Living Room Floor Covering: Laminate
  • Below Grade Sq Ft: 900
  • Above Grade Finished Sq Ft: 1139
  • Total Finished Sq Ft: 1139

Exterior Features

  • Exterior: Aluminum
  • Exterior Features: Fenced Yard, Patio, Porch, Sidewalks, Storms/Screens
  • Foundation: Basement
  • Frontage: 32
  • Road: Curbed, Paved Street

Garage/Parking

  • Garage: Detached Garage, Workshop
  • Garage Spaces: 2
  • Parking: 3 or More Spaces, Garage
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Ceiling Fan(s), Central A/C

Lot Info

  • Assessor Parcel Number: 55-39-00385-00
  • Zoning: Residential
  • Lot Dimensions: 32x140
  • Acreage: 0.05
  • Geo Subdivision: MI
  • Site/Lot Features: Sidewalks, Sidewalks

Tax Info

  • Summer Tax: Year: 2020, Amount: $768.00
  • Winter Tax: Year: 2020, Amount: $793.00
  • Total Tax: Year: 2020, Amount: $1,561.00

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2021
Closed on
Nov 2, 2021
Sold by
Alger Edward Charles
Bought by
Mash Craig
Seller's Agent
Dione Oerther
Key Realty One LLC - Roessler
Buyer's Agent
James Beavers
RE/MAX Dynamic
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Current Estimated Value
$144,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,701
Avg. Annual Appreciation
2.99%
Original Mortgage
$123,500
Outstanding Balance
$114,348
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$30,351
Source: Public Records

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Range of Values:

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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
Mash Craig $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mash Craig Allan $123,500
Previous Owner Alger Edward C $91,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2021 11/02/21 Sold $130,000 -3.6% $114 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $134,900 -3.6% $118 / Sq Ft
08/21/2021 08/21/21 For Sale $139,900 -- $123 / 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
2024 $1,664 $60,570 $0 $0
2023 $1,591 $48,270 $0 $0
2022 $2,119 $48,270 $0 $0
2021 $1,648 $46,330 $0 $0
2020 $1,561 $40,520 $0 $0
2019 $1,496 $40,520 $0 $0
2018 $1,456 $36,160 $0 $0
2017 $1,426 $68,951 $0 $0
2016 $1,399 $33,090 $0 $0
2015 $1,352 $23,970 $0 $0
2014 $1,352 $23,970 $0 $0
2013 -- $23,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dione Oerther

    Seller's Agent in 2021

    Dione Oerther

    Key Realty One LLC - Roessler

    (734) 735-6224

    2 in this area

    128 Total Sales

    Dione Oerther
    Section Image
  • James Beavers

    Buyer's Agent in 2021

    James Beavers

    RE/MAX

    (734) 777-9229

    1 in this area

    74 Total Sales

    James Beavers
    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50052804

Michigan Multiple Listing Service

APN: 55-39-00385-000

Michigan Monroe County Monroe 48161 Central Monroe

501 E 2nd St, Monroe, MI

This home is located at 501 E 2nd St, Monroe, MI 48161 since 21 August 2021 and is currently estimated at $144,701, approximately $127 per square foot. This property was built in 1928. 501 E 2nd St is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and Trinity Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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