NOT LISTED FOR SALE

962 Adams St Monroe, MI 48161

Estimated Value: $137,000 - $189,000

6 Beds
4 Baths
1,862 Sq Ft
$84/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $85,000 $46 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $915/month

78 Days on Market

Highlights

  • Deck
  • Living Room
  • Forced Air Heating System
  • Ranch Style House
  • En-Suite Primary Bedroom
  • Wood Siding

About This Home

As of March 2022

If You've been looking for Passive Income...You've Found It! This Side by Side 1 Story Duplex offers Identical Floor Plans on each Side. Both Units have 3 Bedrooms, 2 Bathrooms, Living Room, Kitchen & Laundry. Each unit has its own Driveway and Separated Back Yards. Both Units are currently rented with section 8 tenants. Owner is responsible for taxes, insurance and trash pick up. Tenants pay rent, gas, electric and water. No interior photos posted online to protect tenant's privacy.

Last Listed By

Tom Wagner

Howard Hanna - Monroe License #MCAR-6501310943 Listed on: 12/16/2021

Howard Hanna - Monroe

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 100x100

Home Design

  • Duplex
  • Ranch Style House
  • Wood Siding

Interior Spaces

  • Living Room
  • Oven or Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Outdoor Features

  • Deck

Schools

  • Monroe High School

Utilities

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

Community Details

  • 2 Units
  • Frost Stoddard And Bravier Plat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 581211002900

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Styles: Ranch
  • Flood Insurance: Not Required
  • Year Built: 1986
  • Mail City: Monroe
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 6
  • Bathroom Description: Master Bedroom Bath
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Sub Room Description: First Floor Bedroom, First Floor Laundry, First Floor Mstr Bedroom, Living Room, Master W/Bath
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 1862

Exterior Features

  • Construction: Wood
  • Exterior Features: Deck
  • Frontage: 100
  • Foundation Type: Crawl
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • 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

Schools

  • High School: Monroe

Lot Info

  • Assessor Parcel Number: 581211002900
  • Lot Dimensions: 100x100
  • Acreage: 0.22
  • Lot Description: Large Lot - 65+ Ft.
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Trash Removal

Tax Info

  • Summer Tax: Year: 2021, Amount: $428.40
  • Winter Tax: Year: 2021, Amount: $1,828.90
  • Total Tax: Year: 2021, Amount: $2,257.30

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Monroe Public Schools
  • HighSchool: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2022
Sold by
Cunningham Mandy B and Cunningham Jonathan B
Bought by
Jbcde Llc
Total Days on Market
78
Current Estimated Value
$156,091

Purchase Details

Listed on
Dec 16, 2021
Closed on
Mar 4, 2022
Sold by
Carmine Dascenzo
Bought by
Cunningham Mandy and Cunningham Jonathan B
Seller's Agent
Tom Wagner
Howard Hanna - Monroe
Buyer's Agent
Tom Wagner
Howard Hanna - Monroe
List Price
$110,000
Sold Price
$85,000
Premium/Discount to List
-$25,000
-22.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.92%

Purchase Details

Closed on
Aug 10, 2001
Sold by
Stroupe Carol
Bought by
Fultz Luther and Fultz Reba

Purchase Details

Closed on
Oct 22, 1996
Sold by
Stroupe Gary P
Bought by
Casto Gary P and Casto Susan L

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
Jbcde Llc -- Mohr Budds Law Pllc
Cunningham Mandy $85,000 Lawyers Title
Fultz Luther $89,000 --
Casto Gary P $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Casto Gary P $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $85,000 -22.7% $46 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
12/16/2021 12/16/21 For Sale $110,000 -- $59 / 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 $588 $67,350 $0 $0
2023 $560 $48,350 $0 $0
2022 $2,538 $48,350 $0 $0
2021 $2,257 $45,450 $0 $0
2020 $2,242 $45,550 $0 $0
2019 $415 $45,550 $0 $0
2018 $2,056 $37,700 $0 $0
2017 $2,032 $36,050 $0 $0
2016 $2,030 $36,050 $0 $0
2015 $2,030 $37,350 $0 $0
2014 $2,022 $37,350 $0 $0
2013 -- $35,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50062830

Michigan Multiple Listing Service

APN: 12-110-029-00