NOT LISTED FOR SALE

Estimated Value: $174,000

9 Beds
10 Baths
4,896 Sq Ft
$36/Sq Ft Est. Value

Last Sold March 12, 2015

Last sale price $220,000 $45 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $1,320/month

314 Days on Market

Highlights

  • 0.41 Acre Lot
  • Hot Water Heating System
  • 2-minute walk to Memorial Park
  • Corner Lot

About This Home

As of March 2015

Development property currently has 2 multi-family apartment buildings. 80% Occupancy. Near Monroe Downtown Business District. High Visibility.

Last Agent to Sell the Property

Tom Fritz

Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501316758 Listed on: 02/05/2014

Coldwell Banker Haynes R.E. in Monroe

Last Buyer's Agent

Mark Laboe

The Laboe Real Estate-Monroe License #MCAR-6502122491

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1859

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 120x150
  • Corner Lot

Home Design

  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Custer Elementary School
  • Monroe High School

Utilities

  • Hot Water Heating System
  • Gas Water Heater

Community Details

  • 9 Units
  • Net Operating Income $16,727

Listing and Financial Details

  • Assessor Parcel Number 2900112000

Property Details

Home Type

Multi-Family

Year Built

Built in 1859

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Total Tax Amount: 6000
  • Year Built: 1859
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full

Exterior Features

  • Construction: Brick
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Hot Water
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 2900112000
  • Location: Corner Lot
  • Lot Dimensions: 120x150
  • Acreage: 0.41
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Water/Sewer

Tax Info

  • Summer Tax: Amount: $2,000.00
  • Winter Tax: Amount: $4,000.00
  • Total Tax: Amount: $6,000.00

Multi Family

  • Total Units: 9

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2022
Sold by
Patrick Shannon
Bought by
H2properteys Llc
Current Estimated Value
$174,000

Purchase Details

Closed on
Oct 7, 2021
Sold by
First Merchants Bank
Bought by
Shannon Patrick

Purchase Details

Listed on
Feb 5, 2014
Closed on
Mar 13, 2015
Sold by
Jsc Holdings Company Llc
Bought by
Laboe Mark S and Laboe Anne F
Seller's Agent
Tom Fritz
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Mark Laboe
The Laboe Real Estate-Monroe
List Price
$239,900
Sold Price
$220,000
Premium/Discount to List
-$19,900
-8.3%

Purchase Details

Listed on
Feb 5, 2014
Closed on
Mar 12, 2015
Sold by
Laboe Mark S and Laboe Anne F
Bought by
Monroe Bank & Trust
Seller's Agent
Tom Fritz
Coldwell Banker Haynes R.E. in Monroe
Buyer's Agent
Mark Laboe
The Laboe Real Estate-Monroe
List Price
$239,900
Sold Price
$220,000
Premium/Discount to List
-$19,900
-8.3%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
H2properteys Llc -- Hamden Dominic N
Shannon Patrick $130,000 None Listed On Document
Laboe Mark S $220,000 Midland Title
Monroe Bank & Trust $220,000 Hassett Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2015 03/12/15 Sold $220,000 -8.3% $45 / Sq Ft
12/16/2014 12/16/14 Pending -- -- --
02/05/2014 02/05/14 For Sale $239,900 -- $49 / 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 $4,892 $171,100 $64,320 $106,780
2024 $4,157 $132,950 $0 $0
2023 $1,814 $57,330 $0 $0
2022 $3,559 $57,330 $0 $0
2021 $1,283 $52,650 $0 $0
2020 $1,216 $52,650 $0 $0
2019 $1,165 $52,650 $0 $0
2018 $1,134 $52,650 $0 $0
2017 $1,111 $52,650 $0 $0
2016 $1,089 $19,010 $0 $0
2015 $4,978 $88,230 $0 $0
2014 $4,978 $88,230 $0 $0
2013 -- $87,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20392311

Michigan Multiple Listing Service

APN: 55-29-00112-000