NOT LISTED FOR SALE

517 Cass St Monroe, MI 48161

Southwest Monroe Neighborhood

Estimated Value: $198,000 - $246,000

4 Beds
3 Baths
2,005 Sq Ft
$105/Sq Ft Est. Value

Last Sold December 27, 2022

Last sale price $175,000 $87 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,583/month

32 Days on Market

Highlights

  • 3 Car Detached Garage
  • Bungalow
  • Ceiling Fan
  • Porch
  • Forced Air Heating and Cooling System
  • 3-minute walk to Memorial Park

About This Home

As of December 2022

Great investment property conveniently located near downtown Monroe. Includes a 2 story duplex, a separate 2 bedroom bungalow (tax records indicate this building was built in 1948) and a 3 car garage. All units except the garage are currently rented. The garage could be rented for additional income. City of Monroe Rental inspection expires on 1/31/2023

Last Agent to Sell the Property

Kathy Stringham

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501441889 Listed on: 11/10/2022

Coldwell Banker Haynes R.E. in Monroe

Last Buyer's Agent

Kathy Stringham

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501441889 Listed on: 11/10/2022

Coldwell Banker Haynes R.E. in Monroe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1853

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 55.39x150

Parking

  • 3 Car Detached Garage

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement
  • Michigan Basement

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 3 Units
  • Old Village West Of Monroe St Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-29-00209-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,205

Year Built

Built in 1853

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Bungalow, Conventional Frame
  • Flood Insurance: Not Required
  • Total Tax Amount: 3205
  • Year Built: 1853
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: MI Basement, Outside Entrance
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2005

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch
  • Foundation Type: Basement, Crawl
  • Roads: City/County, Curbed

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 3

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s), Central A/C
  • 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: 55-29-00209-000
  • Lot Dimensions: 55.39x150
  • Acreage: 0.17
  • Lot Description: Sidewalks
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Lease Term 1-2 Years, Month-To-Month

Tax Info

  • Summer Tax: Year: 2022, Amount: $1,653.07
  • Winter Tax: Year: 2021, Amount: $1,528.55
  • Total Tax: Amount: $3,205.00

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Jan 9, 2023
Sold by
Ideal Home Solutions Llc
Bought by
Kobaree Ibrahim
Seller's Agent
Kathy Stringham
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Kathy Stringham
Coldwell Banker Haynes R.E. in Monroe
List Price
$179,900
Sold Price
$175,000
Premium/Discount to List
-$4,900
-2.72%
Views
43
Current Estimated Value
$210,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,005
Avg. Annual Appreciation
4.94%
Original Mortgage
$131,250
Outstanding Balance
$127,452
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$72,070

Purchase Details

Listed on
Aug 2, 2016
Closed on
Sep 30, 2016
Sold by
Buckley Donna
Bought by
Torony Amy Zwiller and Zwiller Amy
Seller's Agent
Terri Hamad
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Lee Garling
Coldwell Banker Haynes R.E. in Monroe
List Price
$99,900
Sold Price
$99,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%
Original Mortgage
$159,840
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 2, 2016
Closed on
Sep 22, 2016
Sold by
Zwiller Torony Amy and Zwiller Amy Zwiller
Bought by
Ideal Home Solutions Llc
Seller's Agent
Terri Hamad
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Lee Garling
Coldwell Banker Haynes R.E. in Monroe
List Price
$99,900
Sold Price
$99,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,840
Interest Rate
3.43%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Kobaree Ibrahim $175,000 Lawyers Title
Torony Amy Zwiller -- Lawyers Title
Ideal Home Solutions Llc $199,800 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kobaree Ibrahim $131,250
Previous Owner Torony Amy Zwiller $159,840
Previous Owner Ideal Home Solutions Llc $159,840
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2022 12/27/22 Sold $175,000 -2.7% $87 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/10/2022 11/10/22 For Sale $179,900 +80.1% $90 / Sq Ft
09/22/2016 09/22/16 Sold $99,900 0.0% $75 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
08/02/2016 08/02/16 For Sale $99,900 -- $75 / 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 $5,564 $100,400 $100,400 $0
2024 $2,818 $95,620 $0 $0
2023 $2,695 $78,220 $0 $0
2022 $3,238 $78,220 $0 $0
2021 $3,170 $71,080 $0 $0
2020 $2,966 $54,780 $0 $0
2019 $2,841 $54,780 $0 $0
2018 $2,987 $46,760 $0 $0
2017 $2,708 $46,760 $0 $0
2015 $1,826 $33,800 $0 $0
2014 $1,826 $33,800 $0 $0
2013 -- $31,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Stringham

    Seller's Agent in 2022

    Kathy Stringham

    Coldwell Banker Haynes R.E. in Monroe

    (734) 755-4345

    2 in this area

    12 Total Sales

    Kathy Stringham
    Section Image

  • T

    Seller's Agent in 2016

    Terri Hamad

    Coldwell Banker Haynes R.E. in Monroe

    (734) 242-8484

    2 Total Sales

    Terri Hamad
    Section Image

  • L

    Buyer's Agent in 2016

    Lee Garling

    Coldwell Banker Haynes R.E. in Monroe

    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50095559

Michigan Multiple Listing Service

APN: 55-29-00209-000

Michigan Monroe County Monroe 48161 Southwest Monroe

517 Cass St, Monroe, MI

This home is located at 517 Cass St, Monroe, MI 48161 since 10 November 2022 and is currently estimated at $210,005, approximately $104 per square foot. This property was built in 1853. 517 Cass St is a home located in Monroe County with nearby schools including Monroe High School, St Mary's Catholic Elementary School, and St John Elementary 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.

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