NOT LISTED FOR SALE

716 E 1st St Monroe, MI 48161

Central Monroe Neighborhood

Estimated Value: $154,000 - $192,000

4 Beds
2 Baths
1,567 Sq Ft
$106/Sq Ft Est. Value

Last Sold April 23, 2024

Last sale price $153,000 $98 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,054/month

30 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 5-minute walk to Soldiers and Sailors Park
  • Covered Patio or Porch
  • 1 Car Garage

About This Home

As of April 2024

THIS 2 UNIT DUPLEX NEAR DOWNTOWN MONROE IS IN FANTASTIC CONDITION. EACH UNIT HAS 2 BEDROOMS AND 1 BATH WITH MICHIGAN BASEMENT AND 1.5 CAR GARAGE. FULLY OCCUPIED WITH LONG STANDING TENANTS WHO WOULD LOVE TO STAY. NO SHOWINGS WITHOUT ACCEPTED OFFER.

Last Agent to Sell the Property

Jasmine Sheffield

Century 21 Curran & Oberski License #6501406773 Listed on: 02/22/2024

Century 21 Curran & Oberski

Last Buyer's Agent

Rebecca Burnett

KW Professionals License #6501401288

KW Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1913

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40.00 x 138.50

Parking

  • 1 Car Garage

Home Design

  • Colonial Architecture
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,567 Sq Ft Home
  • 2-Story Property
  • Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 58554900688000
  • $9,180 Seller Concession

Community Details

Overview

  • 2 Units
  • Isadore Navarre Farm Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,985

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1913
  • State Equalized Value: 53750.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Total Sq Ft: 1567

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Aluminum
  • Porch Type: Patio, Patio - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 1

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.13
  • Lot Dimensions: 40.00 x 138.50
  • Parcel Number: 58554900688000
  • Zoning: Residential

Rental Info

  • Rent Includes: Heat, Water
  • Monthly Rental Income: 1880

Tax Info

  • Tax Amount Summer: 1553.0000
  • Tax Amount Winter: 1432.0000
  • Total Tax: 2985.0000
  • Taxable Value: 49460.0000

Multi Family

  • Gross Scheduled Income: 22560.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Apr 30, 2024
Sold by
Chergui Mehdi and Tabet Sabrina
Bought by
Williams Jayona
Seller's Agent
Jasmine Sheffield
Century 21 Curran & Oberski
Buyer's Agent
Rebecca Burnett
KW Professionals
List Price
$149,999
Sold Price
$153,000
Premium/Discount to List
$3,001
2%
Views
50
Current Estimated Value
$165,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,195
Avg. Annual Appreciation
5.02%

Purchase Details

Listed on
Jun 18, 2021
Closed on
Jul 19, 2021
Sold by
Russell Shawn E
Bought by
Chergui Mehdi and Tabet Sabrina
Seller's Agent
Jasmine Sheffield
Century 21 Curran & Oberski
Buyer's Agent
Jasmine Sheffield
Century 21 Curran & Oberski
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%

Purchase Details

Closed on
Mar 22, 2002
Sold by
Davis James
Bought by
Russell Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 1999
Sold by
Hill Earl
Bought by
Davis James W and Davis Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
6.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Williams Jayona $153,000 Devon Title
Chergui Mehdi $125,000 Devon Title Agency
Russell Shawn $108,000 --
Davis James W $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russell Shawn $86,400
Previous Owner Davis James W $68,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2024 04/23/24 Sold $153,000 +2.0% $98 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $149,999 +20.0% $96 / Sq Ft
07/19/2021 07/19/21 Sold $125,000 -3.8% $80 / Sq Ft View Prior Sale
07/06/2021 07/06/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $130,000 -- $83 / 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 $2,256 $71,000 $71,000 $0
2024 $1,624 $65,120 $0 $0
2023 $1,553 $47,110 $0 $0
2022 $2,925 $47,110 $0 $0
2021 $1,382 $40,490 $0 $0
2020 $1,309 $37,210 $0 $0
2019 $1,254 $37,210 $0 $0
2018 $1,221 $32,390 $0 $0
2017 $1,196 $32,390 $0 $0
2016 $1,173 $27,570 $0 $0
2015 $1,133 $20,090 $0 $0
2014 $1,133 $20,090 $0 $0
2013 -- $20,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jasmine Sheffield

    Seller's Agent in 2024

    Jasmine Sheffield

    Century 21 Curran & Oberski

    (734) 624-7562

    2 in this area

    129 Total Sales

    Jasmine Sheffield
    Section Image

  • R

    Buyer's Agent in 2024

    Rebecca Burnett

    KW Professionals

    (734) 459-4700

    1 in this area

    135 Total Sales

    Rebecca Burnett
    Section Image
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Map

Source: Realcomp

MLS Number: 20240009969

Realcomp

APN: 55-49-00688-000

Michigan Monroe County Monroe 48161 Central Monroe

716 E 1st St, Monroe, MI

Not Listed for Sale

MultiFamily

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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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