NOT LISTED FOR SALE

514 Michigan Ave Monroe, MI 48162

Northeast Monroe Neighborhood

Estimated Value: $182,000 - $216,770

3 Beds
2 Baths
1,020 Sq Ft
$191/Sq Ft Est. Value

Last Sold June 18, 2019

Last sale price $132,000 $129 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,294/month

18 Days on Market

Highlights

  • No HOA
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Covered Patio or Porch
  • Bungalow
  • 4-minute walk to Arbor Lorain Park

About This Home

As of June 2019

MONROE- Large 3 bedroom, 2 full bath bungalow style home located near downtown Monroe. Completely remodeled within 2018 and 2019 with new furnace and duct work, new plumbing, updated bathrooms, new flooring throughout including gorgeous tile work and new carpet. New windows throughout. Remolded and finished basement with full bathroom added with updated recessed lighting. You will not want to miss out on this move in ready home!
Ample parking with long concrete driveway leading up to the large 2.5 car garage. Enjoy a beautiful evening breeze on the front porch and the great additional space the the enclosed back porch offers.
Schedule your private showing today!

Last Agent to Sell the Property

Nicole Seitz

RE/MAX Dynamic License #6501396010 Listed on: 04/17/2019

Last Buyer's Agent

Sherry Fraczek

ERA Prime Real Estate Group South License #6501343605

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1923 | Remodeled in 2019

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50.00x120.00

Parking

  • 2 Car Detached Garage

Home Design

  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,020 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Dishwasher
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • No Home Owners Association
  • Assr's Plat Of Winkworths Plat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58555901564000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,224

Year Built

Built in 1923 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1923
  • Year Renovated: 2019
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished
  • Kitchen Appliances: Dishwasher, Refrigerator, Range/Stove
  • Sq Ft Combined: 2020
  • Sq Ft Lower Floor: 1000
  • Total Sq Ft: 1020
  • Sq Ft Total Bsmt: 1020

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Patio, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached, Electricity
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Monroe

Lot Info

  • Homestead: Yes
  • List Price per Acre: 963571.4286
  • Lot Size Area: 0.14
  • Lot Dimensions: 50.00X120.00
  • Parcel Number: 58555901564000

Tax Info

  • Tax Amount Summer: 896.0000
  • Tax Amount Winter: 328.0000
  • Total Tax: 1224.0000

MLS Schools

  • School District: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jun 26, 2019
Sold by
Lawrence Kovoch
Bought by
Mcdermitt Ian P
Seller's Agent
Nicole Seitz
RE/MAX Dynamic
Buyer's Agent
Sherry Fraczek
ERA Prime Real Estate Group South
List Price
$134,900
Sold Price
$132,000
Premium/Discount to List
-$2,900
-2.15%
Current Estimated Value
$194,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,693
Avg. Annual Appreciation
6.54%
Original Mortgage
$134,838
Outstanding Balance
$118,811
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$76,976

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jun 19, 2019
Sold by
Lawrence Kovoch
Bought by
Mcdermitt Ian P
Seller's Agent
Nicole Seitz
RE/MAX Dynamic
Buyer's Agent
Sherry Fraczek
ERA Prime Real Estate Group South
List Price
$134,900
Sold Price
$132,000
Premium/Discount to List
-$2,900
-2.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,838
Outstanding Balance
$118,811
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$76,976

Purchase Details

Listed on
May 14, 2018
Closed on
Jul 9, 2018
Sold by
Disher Steven A
Bought by
Kovoch Lawrence
Seller's Agent
Ted Vavrick
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Nicole Seitz
RE/MAX Dynamic
List Price
$90,500
Sold Price
$88,200
Premium/Discount to List
-$2,300
-2.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.56%
Original Mortgage
$86,602
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 9, 2015
Sold by
Disher Steven A and Disher Linda L
Bought by
Disher Jason R R and Disher Steven A

Purchase Details

Closed on
Aug 5, 2014
Sold by
Disher Kathleen E and Disher Irvin R
Bought by
Disher Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2010
Sold by
Disher Irvin R and Disher Nancie L
Bought by
Disher Irvin R and Disher Stgeven A
Source: Public Records

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 Buyer Sale Price Title Company
Mcdermitt Ian P $132,000 None Listed On Document
Mcdermitt Ian P $132,000 None Listed On Document
Kovoch Lawrence $88,500 Lawyers Title
Disher Jason R R -- None Available
Disher Steven A -- None Available
Disher Irvin R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdermitt Ian P $134,838
Closed Mcdermitt Ian P $134,838
Previous Owner Kovoch Lawrence $86,602
Previous Owner Kovoch Lawrence $86,602
Previous Owner Disher Steven A $53,300
Previous Owner Disher Steve A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2019 06/18/19 Sold $132,000 -2.1% $129 / Sq Ft
05/05/2019 05/05/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $134,900 +52.9% $132 / Sq Ft
07/09/2018 07/09/18 Sold $88,200 -2.5% $77 / Sq Ft
06/20/2018 06/20/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $90,500 -- $79 / Sq Ft
Source: Realcomp

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 $2,816 $79,700 $79,700 $0
2024 $2,022 $78,030 $0 $0
2023 $1,933 $68,370 $0 $0
2022 $2,575 $68,370 $0 $0
2021 $2,487 $60,900 $0 $0
2020 $2,432 $48,290 $0 $0
2019 $1,929 $48,290 $0 $0
2018 $1,224 $39,160 $0 $0
2017 $1,806 $39,160 $0 $0
2016 $1,774 $36,310 $0 $0
2015 $1,180 $29,360 $0 $0
2014 $1,180 $29,360 $0 $0
2013 -- $29,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Nicole Seitz

    RE/MAX

  • S

    Buyer's Agent in 2019

    Sherry Fraczek

    ERA Prime Real Estate Group South

    (734) 678-7196

    36 Total Sales

    Sherry Fraczek
    Section Image
  • Ted Vavrick

    Seller's Agent in 2018

    Ted Vavrick

    Coldwell Banker Haynes R.E. in Monroe

    (734) 735-7001

    4 in this area

    23 Total Sales

    Ted Vavrick
    Section Image
  • Caryn Vavrick

    Seller Co-Listing Agent in 2018

    Caryn Vavrick

    Coldwell Banker Haynes R.E. in Monroe

    (734) 735-5880

    4 in this area

    27 Total Sales

    Caryn Vavrick
    Section Image
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Map

Source: Realcomp

MLS Number: 219034374

Realcomp

APN: 55-59-01564-000

Michigan Monroe County Monroe 48162 Northeast Monroe

514 Michigan Ave, Monroe, MI

This home is located at 514 Michigan Ave, Monroe, MI 48162 since 17 April 2019 and is currently estimated at $194,693, approximately $190 per square foot. This property was built in 1923. 514 Michigan Ave 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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