NOT LISTED FOR SALE

5026 W Albain Rd Monroe, MI 48161

Estimated Value: $261,000 - $310,000

4 Beds
2 Baths
1,792 Sq Ft
$154/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $240,000 $134 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,645/month

Highlights

  • 2 Car Attached Garage
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of June 2023

Listing input for comparable purposes only. Unites occupied, no measurements.

Last Listed By

Travis Philbeck

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501410405 Listed on: 06/14/2023

Coldwell Banker Haynes R.E. in Monroe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1971

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 85x150

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1-Story Property
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units
  • Northfield Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1218504100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,558

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Year Built: 1971
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 1792

Exterior Features

  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Attached Garage
  • Garage Spaces: 2

Utilities

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

Lot Info

  • Assessor Parcel Number: 1218504100
  • Lot Dimensions: 85x150
  • Acreage: 0.3
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Year: 2022, Amount: $817.87
  • Winter Tax: Year: 2022, Amount: $2,740.50
  • Total Tax: Amount: $3,558.37

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Jun 9, 2023
Sold by
5026 Albain Llc
Bought by
Philbeck Travis L
Seller's Agent
Travis Philbeck
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Travis Philbeck
Coldwell Banker Haynes R.E. in Monroe
List Price
$240,000
Sold Price
$240,000
Total Days on Market
0
Views
1
Current Estimated Value
$275,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,509
Avg. Annual Appreciation
7.37%
Original Mortgage
$35,000
Outstanding Balance
$34,242
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$241,267

Purchase Details

Listed on
May 23, 2022
Closed on
Aug 5, 2022
Sold by
Ryan Philbeck Investments Llc
Bought by
5026 Albain Llc
Seller's Agent
Alan Haynes
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Travis Philbeck
Coldwell Banker Haynes R.E. in Monroe
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$153,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 23, 2022
Closed on
Aug 4, 2022
Sold by
5026 West Albain Road Llc
Bought by
Ryan Philbeck Investments Llc
Seller's Agent
Alan Haynes
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Travis Philbeck
Coldwell Banker Haynes R.E. in Monroe
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2012
Closed on
Aug 15, 2012
Sold by
Thompson Christopher J and Thompson Robyn M
Bought by
5026 West Albain Road Llc
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
$95,000
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%
Original Mortgage
$70,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 2, 2012
Closed on
Jul 2, 2012
Sold by
Monroe Bank & Trust
Bought by
Thompson Christopher J
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
$95,000
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2012
Sold by
Grassley Timothy P and Grassley Shirley A
Bought by
Monroe Bank & Trust

Purchase Details

Closed on
Jan 6, 2012
Sold by
Grassley Shirley A
Bought by
Monroe Bank And Trust

Purchase Details

Closed on
Nov 14, 1994
Sold by
Cooley James R
Bought by
Grassley Timothy P and Grassley Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
7.95%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Monroe, MI

  • 511 Union St, Monroe, MI 48161

    $219,900

    • 3 Beds
    • 2 Baths
    • 1,856 Sq Ft
    • 511 Union St
    • Monroe, MI

    Well-maintained side-by-side duplex featuring 3 bedrooms per unit. Maintenance-free exterior with a spacious yard. Conveniently located within walking distance to downtown Monroe and close to amenities. A great investment or owner-occupant opportunity!

    Jack Giarmo Coldwell Banker Haynes R.E. in Monroe

    Section Image
  • 501 Union St, Monroe, MI 48161

    $219,900

    • 6 Beds
    • 2 Baths
    • 1,856 Sq Ft
    • 501 Union St
    • Monroe, MI

    Well-maintained side-by-side duplex featuring 3 bedrooms per unit. Updated flooring in Unit 505. Maintenance-free exterior with a spacious yard. Conveniently located within walking distance to downtown Monroe and close to amenities. A great investment or owner-occupant opportunity!

    Jack Giarmo Coldwell Banker Haynes R.E. in Monroe

    Section Image
  • 417 Harrison St, Monroe, MI 48161

    $225,000

    • 5 Beds
    • 3 Baths
    • 2,533 Sq Ft
    • 417 Harrison St
    • Monroe, MI

    Highly sought-after cashflow property located in the heart of Monroe. 100% occupied large triplex. Includes a spacious entry level 2BR/1 Bath unit, a 1BR/1 Bath, and an upstairs 2BR/1 bath unit. All 3 units currently under lease. Additional parking and garage for storage in rear of property. Impressive Victorian woodwork and built-ins throughout the property add charm to this Monroe gem. Separate

    Mitch Petree Key Realty One LLC - South Monroe

    Section Image
  • 1910 S Custer Rd, Monroe, MI 48161

    $304,999

    • 5 Beds
    • 3 Baths
    • 3,028 Sq Ft
    • 1910 S Custer Rd
    • Monroe, MI

    It is a fantastic investment property. Rent all 3 units out or live in one and rent the others. So many options. Beautifully maintained and spacious units. 3 car garage, full basement shared access for main floor units, upper unit access from outside. Huge lot. Upper unit has a large attic for storage. Unit 1: Main floor: 2 bedrooms, 1.5 baths. Unit 2: Upper: 2 bedrooms. Unit 3: Main Floor living

    Sharath Kamarapu Community Choice Realty Associates, LLC

    Section Image

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
Philbeck Travis L $240,000 Lawyers Title
5026 Albain Llc -- Lawyers Title
Ryan Philbeck Investments Llc $240,000 Lawyers Title
5026 West Albain Road Llc -- None Available
Thompson Christopher J $95,000 None Available
Monroe Bank & Trust $70,519 None Available
Monroe Bank And Trust -- --
Grassley Timothy P $133,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Philbeck Travis $35,000
Open Philbeck Travis L $228,000
Previous Owner 5026 Albain Llc $153,000
Previous Owner 5026 West Albain Road Llc $70,000
Previous Owner Grassley Timothy P $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $240,000 0.0% $134 / Sq Ft
06/14/2023 06/14/23 For Sale $240,000 0.0% $134 / Sq Ft
07/08/2022 07/08/22 Sold $240,000 -4.0% $134 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $249,900 +163.1% $139 / Sq Ft
07/02/2012 07/02/12 Sold $95,000 0.0% $53 / Sq Ft
07/02/2012 07/02/12 Pending -- -- --
07/02/2012 07/02/12 For Sale $95,000 -- $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
2024 $1,330 $121,950 $0 $0
2023 $1,289 $95,000 $0 $0
2022 $3,558 $95,000 $0 $0
2021 $4,697 $95,150 $0 $0
2020 $3,396 $88,650 $0 $0
2019 $766 $88,650 $0 $0
2018 $3,019 $85,100 $0 $0
2017 $2,958 $80,950 $0 $0
2016 $2,933 $80,950 $0 $0
2015 $2,871 $68,350 $0 $0
2014 $2,834 $68,350 $0 $0
2013 -- $64,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50112142

Michigan Multiple Listing Service

APN: 12-185-041-00