NOT LISTED FOR SALE

503 / 505 N Macomb Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $207,000 - $331,000

4 Beds
2 Baths
2,312 Sq Ft
$108/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $170,000 $74 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,704/month

Highlights

  • 0.32 Acre Lot
  • Corner Lot
  • Porch
  • Wood Flooring
  • 1.5 Car Detached Garage
  • 4-minute walk to Arbor Lorain Park

About This Home

As of June 2022

Here's Your Chance To Own This Stately Duplex Which Has Been In The Same Family Since Being Built. Over 2300 Sq. Ft With Lots Of Room! You Will Love The Beautiful Wrap Around Porch! This Duplex is Centrally Located To Everything! Apartment Has Newer Carpet and Bathroom Flooring and Is Ready For A Tenant! The Main Home Has Over Sized Rooms Throughout Along With Hard Wood Floors In The Living and Dining Rooms. New Flooring In The Kitchen and Bathroom Too. Windows Throughout Both Homes Have Been Updated. Possession At Close! Don't Delay! Easy To Show! SHOWINGS BEGIN ON SATURDAY, MAY 14th.

Last Agent to Sell the Property

Lee Garling

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501316533 Listed on: 05/12/2022

Coldwell Banker Haynes R.E. in Monroe

Last Buyer's Agent

Marygrace Liparoto

RE/MAX Home Sale Services License #AAABOR

RE/MAX Home Sale Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1935

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 95 x 145
  • Corner Lot

Parking

  • 1.5 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Basement
  • Stone Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Boiler Heating System
  • Separate Meters

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 55-69-01226-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,808

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: 2 Story
  • Total Tax Amount: 3807.72
  • Total Tax Year: 2021
  • Year Built: 1935
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Stone
  • Bedrooms: 4
  • Bathroom Description: Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2312

Exterior Features

  • Exterior Features: Porch
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1.5
  • Parking: Garage

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s)
  • Heating System: Boiler
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 55-69-01226-000
  • Location: Corner Lot
  • Lot Dimensions: 95 x 145
  • Acreage: 0.32
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,947.95
  • Winter Tax: Year: 2021, Amount: $1,859.77
  • Total Tax: Year: 2021, Amount: $3,807.72

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 20, 2022
Sold by
Fernandez Vickie L
Bought by
Judd Ethan
Seller's Agent
Lee Garling
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Marygrace Liparoto
RE/MAX Home Sale Services
List Price
$179,900
Sold Price
$170,000
Premium/Discount to List
-$9,900
-5.5%
Current Estimated Value
$249,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,251
Avg. Annual Appreciation
12.29%
Original Mortgage
$161,500
Outstanding Balance
$153,668
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$95,583

Purchase Details

Closed on
Dec 8, 2021
Sold by
Nelda M Rousselo Living Trust
Bought by
Fernandez Vickie L

Purchase Details

Closed on
Nov 19, 2021
Sold by
Rousselo Nelda M and Rousselo Fernande Vickie
Bought by
Fernandez Vickie L
Source: Public Records

Range of Values:

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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
Judd Ethan $170,000 Lawyers Title
Fernandez Vickie L $90,000 Lawyers Title
Fernandez Vickie L $90,000 Lawyers Title Agcy Of Monroe
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Judd Ethan $161,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $170,000 -5.5% $74 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/14/2022 05/14/22 For Sale $179,900 -- $78 / 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 $4,593 $113,300 $113,300 $0
2024 $2,873 $96,170 $0 $0
2023 $2,983 $92,400 $0 $0
2022 $3,363 $92,400 $0 $0
2021 $3,808 $81,990 $0 $0
2020 $3,608 $73,060 $0 $0
2019 $3,457 $73,060 $0 $0
2018 $3,364 $65,750 $0 $0
2017 $3,295 $65,750 $0 $0
2016 $3,231 $66,880 $0 $0
2015 $3,175 $65,900 $0 $0
2014 $3,175 $65,900 $0 $0
2013 -- $58,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lee Garling

    Coldwell Banker Haynes R.E. in Monroe

    Section Image
  • Marygrace Liparoto

    Buyer's Agent in 2022

    Marygrace Liparoto

    RE/MAX

    (734) 239-8680

    3 in this area

    255 Total Sales

    Marygrace Liparoto
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50073945

Michigan Multiple Listing Service

APN: 55-69-01226-000

Michigan Monroe County Monroe 48162 Northeast Monroe

503 / 505 N Macomb, Monroe, MI

This home is located at 503 / 505 N Macomb, Monroe, MI 48162 since 12 May 2022 and is currently estimated at $249,251, approximately $107 per square foot. This property was built in 1935. 503 / 505 N Macomb is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and Zion 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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