NOT LISTED FOR SALE

Estimated Value: $128,000 - $136,000

4 Beds
2 Baths
2,000 Sq Ft
$66/Sq Ft Est. Value

Last Sold August 03, 2021

Last sale price $98,000 $49 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $808/month

39 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Living Room
  • Corner Lot
  • Bay Window
  • Forced Air Heating System

About This Home

As of August 2021

Great investment opportunity with this fully rented side by side duplex in the city of Monroe. Just passed city rental inspections and will not be due again until 2024. Rent is $650 on larger side with tenant paying electric and gas. $889 on smaller side rent and owner pays electric and gas. Both units in good shape with low maintenance required. Showings restricted to one side between hours of 9-5. Second showings can make other side available.

Last Agent to Sell the Property

Michael Begeman

Key Realty One LLC - Ida License #MCAR-6501320982 Listed on: 06/06/2021

Last Buyer's Agent

Charlotte Hypes

Remerica United Realty License #RCO-6501344564

Remerica United Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1913

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 48x102
  • Fenced Yard
  • Corner Lot

Parking

  • 2 Car Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Bay Window
  • Living Room
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Electric Water Heater
  • Internet Available

Community Details

  • 2 Units
  • Rauch Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55-49-00822-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,746

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1913
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Bay Window, Cable/Internet Avail.
  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Sub Room Description: Living Room
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2000

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Deck, Fenced Yard
  • Foundation Type: Crawl
  • Roads: Paved Street

Garage/Parking

  • Parking: 2 Spaces

Utilities

  • Water: Public Water
  • Water Heater: Electric
  • 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: 55-49-00822-000
  • Location: Corner Lot, Subdivision
  • Lot Dimensions: 48x102
  • Acreage: 0.11
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Water/Sewer

Tax Info

  • Summer Tax: Year: 2020, Amount: $893.00
  • Winter Tax: Year: 2020, Amount: $853.00
  • Total Tax: Year: 2020, Amount: $1,746.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2021
Closed on
Jul 31, 2021
Sold by
Hypes Corey
Bought by
5Pointstarlmt1 Llc
Seller's Agent
Michael Begeman
Key Realty One LLC - Ida
Buyer's Agent
Charlotte Hypes
Remerica United Realty
List Price
$99,900
Sold Price
$98,000
Premium/Discount to List
-$1,900
-1.9%
Current Estimated Value
$131,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,911
Avg. Annual Appreciation
7.36%
Original Mortgage
$73,500
Outstanding Balance
$67,551
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$61,559

Purchase Details

Listed on
Jun 6, 2021
Closed on
Jul 30, 2021
Sold by
Maddux Brandon L and Maddux Christine G
Bought by
Hypes Corey
Seller's Agent
Michael Begeman
Key Realty One LLC - Ida
Buyer's Agent
Charlotte Hypes
Remerica United Realty
List Price
$99,900
Sold Price
$98,000
Premium/Discount to List
-$1,900
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Outstanding Balance
$67,551
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$61,559

Purchase Details

Closed on
Jun 12, 2018
Sold by
Mjd Ventures Llc
Bought by
Maddux Brandon L and Maddux Christine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2011
Closed on
Jan 24, 2012
Sold by
Great Lake Investment Strategies Llc
Bought by
Mjd Ventures Llc
Seller's Agent
Debbie Breier
Bedford Realty LLC
Buyer's Agent
Michael Begeman
Key Realty One LLC - Ida
List Price
$37,500
Sold Price
$17,000
Premium/Discount to List
-$20,500
-54.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.27%

Purchase Details

Listed on
Sep 27, 2011
Closed on
Jan 9, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Great Lakes Investment Strategies Llc
Seller's Agent
Debbie Breier
Bedford Realty LLC
Buyer's Agent
Michael Begeman
Key Realty One LLC - Ida
List Price
$37,500
Sold Price
$17,000
Premium/Discount to List
-$20,500
-54.67%

Purchase Details

Closed on
Mar 3, 2011
Sold by
Langton Michael
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jul 30, 2002
Sold by
Decaminada Frederick
Bought by
Schwartz Walter and Schwartz Jeannine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,600
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2002
Sold by
Roop William
Bought by
Decaminada Frederick and Decaminada Wendy
Source: Public Records

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    Linda Selvidge Century 21 Allstar Real Estate Team, Inc

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Range of Values:

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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
5Pointstarlmt1 Llc -- Devon Title Agency
Hypes Corey $98,000 Lawyers Title Agency
Maddux Brandon L $46,000 First American Title
Mjd Ventures Llc $17,500 --
Great Lakes Investment Strategies Llc $17,000 --
Federal Home Loan Mortgage Corp $43,200 --
Schwartz Walter $97,000 --
Decaminada Frederick $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hypes Corey $73,500
Closed Hypes Corey $73,500
Previous Owner Maddux Brandon L $34,500
Previous Owner Rourk Thomas J $115,900
Previous Owner Schwartz Walter $77,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $98,000 -1.9% $49 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $99,900 0.0% $50 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
06/06/2021 06/06/21 For Sale $99,900 +487.6% $50 / Sq Ft
01/10/2012 01/10/12 Sold $17,000 -54.7% $9 / Sq Ft
12/13/2011 12/13/11 Pending -- -- --
09/27/2011 09/27/11 For Sale $37,500 -- $19 / 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
2024 $1,299 $48,930 $0 $0
2023 $1,105 $33,510 $0 $0
2022 $2,243 $33,510 $0 $0
2021 $1,771 $31,310 $0 $0
2020 $1,746 $27,660 $0 $0
2019 $1,608 $27,660 $0 $0
2018 $1,073 $24,360 $0 $0
2017 $1,051 $24,360 $0 $0
2016 $1,030 $21,390 $0 $0
2015 $1,246 $22,090 $0 $0
2014 $1,246 $22,090 $0 $0
2013 -- $28,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50044117

Michigan Multiple Listing Service

APN: 55-49-00822-000