NOT LISTED FOR SALE

865 Patterson Dr Unit 867 Monroe, MI 48161

Estimated Value: $178,000 - $208,000

3 Beds
2 Baths
1,988 Sq Ft
$96/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $170,000 $86 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,145/month

73 Days on Market

About This Home

As of August 2023

Duplex Investment opportunity. Property provides a spacious 100 feet of frontage while the 1988 sq ft dwelling houses (2) rental units. Although a duplex, it provides the ease of separate gas, water and electrical meters as well as the individuality of each unit providing seperate basement, laundry room, furnace, water heater, deck, driveway and separated fenced in yard. Each Tenant responsible for their own utilities. Please do not disturb the tenants. Serious inquiries only.

Last Listed By

JoAnn Heller

iLink Real Estate Co. License #MCAR-6506046336 Listed on: 04/24/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 100x160

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units
  • Patterson Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12 190 020 00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,755

Lot Details

0

Listing Details

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

Interior Features

  • Basement: Yes
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 1988

Exterior Features

  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s)
  • 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

  • Assessments: 48.47
  • Assessments: Yes
  • Assessor Parcel Number: 12 190 020 00
  • Lot Dimensions: 100x160
  • Acreage: 0.36
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Year: 2022, Amount: $655.04
  • Winter Tax: Year: 2022, Amount: $2,099.84
  • Total Tax: Amount: $2,754.88

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Aug 28, 2023
Sold by
Jason Oconnor Testamentary Trust
Bought by
Gabriel Katelyn and Buell Cynthia
Seller's Agent
JoAnn Heller
iLink Real Estate Co.
Buyer's Agent
Non Mls
Non-Mls
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%
Total Days on Market
73
Views
321
Current Estimated Value
$191,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,555
Avg. Annual Appreciation
7.19%
Original Mortgage
$135,000
Outstanding Balance
$132,767
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$58,789

Purchase Details

Listed on
Apr 24, 2023
Closed on
Jun 30, 2023
Sold by
Betty Jo Kerkenbush Living Trust
Bought by
Jason Oconnor Testamentary Trust and Buell
Seller's Agent
JoAnn Heller
iLink Real Estate Co.
Buyer's Agent
Non Mls
Non-Mls
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%
Views
321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$132,767
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$58,789

Purchase Details

Closed on
Nov 29, 2017
Sold by
Kerkenbush Betty J
Bought by
Kerkenbush Trust

Purchase Details

Closed on
Mar 25, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Kerkenbush Betty J

Purchase Details

Closed on
Nov 18, 2010
Sold by
Langton Michael
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jul 15, 1999
Sold by
Stiffler Maerie
Bought by
Rushlow Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,050
Interest Rate
7.69%
Mortgage Type
FHA

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
Gabriel Katelyn $170,000 Lawyers Title
Jason Oconnor Testamentary Trust -- None Listed On Document
Kerkenbush Trust -- --
Kerkenbush Betty J $50,000 --
Federal Home Loan Mortgage Corp $24,000 --
Rushlow Margaret $113,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabriel Katelyn $135,000
Previous Owner Rushlow Margaret A $173,000
Previous Owner Rushlow Margaret A $164,000
Previous Owner Rushlow Margaret A $127,200
Previous Owner Rushlow Margaret A $31,800
Previous Owner Rushlow Margaret $112,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $170,000 +6.3% $86 / Sq Ft
07/07/2023 07/07/23 Price Changed $159,900 +3.2% $80 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/28/2023 06/28/23 Price Changed $154,900 -3.1% $78 / Sq Ft
05/26/2023 05/26/23 Price Changed $159,900 0.0% $80 / Sq Ft
05/26/2023 05/26/23 For Sale $159,900 -3.0% $80 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $164,900 -- $83 / 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 $938 $86,050 $0 $0
2023 $649 $78,350 $0 $0
2022 $2,718 $78,350 $0 $0
2021 $2,986 $77,700 $0 $0
2020 $2,590 $70,450 $0 $0
2019 $579 $70,450 $0 $0
2018 $2,330 $63,800 $0 $0
2017 $2,253 $58,050 $0 $0
2016 $2,234 $58,050 $0 $0
2015 $2,189 $51,600 $0 $0
2014 $2,153 $51,600 $0 $0
2013 -- $48,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50106823

Michigan Multiple Listing Service

APN: 12-190-020-00