$95,000
SOLD JUL 2, 2012

5026 W Albain Rd Monroe, MI 48161

-- Bed
-- Bath
1,792 Sq Ft
0.35 Acres

Recently Sold

$53 Per Sq Ft

Highlights

  • Corner Lot
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of June 2023

This home is located at 5026 W Albain Rd, Monroe, MI 48161 and is currently priced at $95,000, approximately $53 per square foot. This property was built in 1971. 5026 W Albain Rd is a home located in Monroe County with nearby schools including Monroe High School, Pathway Christian School - PERMANENTLY CLOSED, and St Mary's Catholic Elementary School.

Last Agent to Sell the Property

Alan Haynes

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

Coldwell Banker Haynes R.E. in Monroe

Last Buyer's Agent

Alan Haynes

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

Coldwell Banker Haynes R.E. in Monroe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 103x150
  • Corner Lot

Parking

  • Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Custer Elementary School
  • Monroe High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Internet Available

Community Details

  • 2 Units
  • Net Operating Income $12,350

Listing and Financial Details

  • Assessor Parcel Number 12 185 041 00

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

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

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Basement Type: Full
  • Estimated Sq Ft: 1792

Exterior Features

  • Construction: Brick
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Attached Garage
  • Parking: Garage

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Storm, Public Sanitary

Schools

  • Elementary School: CUSTER
  • High School: MONROE

Lot Info

  • Assessor Parcel Number: 12 185 041 00
  • Location: Corner Lot
  • Lot Dimensions: 103X150
  • Acreage: 0.35
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes

Tax Info

  • Summer Tax: Amount: $1,500.00
  • Winter Tax: Amount: $1,750.00
  • Total Tax: Amount: $3,250.00

Multi Family

  • Total Units: 2

MLS Schools

  • Elementary School: CUSTER
  • School District: Monroe Public Schools
  • HighSchool: MONROE

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

Map

Range of Values:

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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

Date Type Sale Price Title Company
Warranty Deed $240,000 Lawyers Title
Quit Claim Deed -- Lawyers Title
Warranty Deed $240,000 Lawyers Title
Quit Claim Deed -- None Available
Deed $95,000 None Available
Sheriffs Deed $70,519 None Available
Quit Claim Deed -- --
Deed $133,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $35,000 New Conventional
Open $228,000 New Conventional
Previous Owner $153,000 New Conventional
Previous Owner $70,000 Commercial
Previous Owner $103,500 New Conventional
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

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

Source: Michigan Multiple Listing Service

MLS Number: 20095806

Michigan Multiple Listing Service

APN: 12-185-041-00