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$175,000

Beds
3
Baths
2.0
sq ft
1,437

308 E Front St, Monroe, MI 48161

308 E Front St

Monroe, MI 48161

  • Pending
Who do you know that has thought about becoming an investor? Look no further. Now with new Conventional guidelines, you could even live in one unit & rent out the other for only 3-5% down! New Roof in 2018, new Vinyl Siding in 2017 & new Water Heater in 2020, newer Wallside Vinyl Windows, plus all the appliances stay (Washer/Dryer hookups are there). READY TO RENT & LIVE IN NOW! Current seller was getting $1000 for the entry level unit last year, which included water, gas, garbage & 1 parking spot in back. Upper unit rented for $650. Also included water, gas, garbage & the other parking spot in back. There is also street parking available in front. Right Downtown Monroe! Short walk across the street to The Raisin River, parks, boating/fishing, restaurants, shopping, etc. Close to the hospital too! Schedule a showing now to view a piece of Monroe's history. The property used to be the pharmacy!

Details

Property type

Single Family Residence

Est. home value

$101,131

Lot size

1,742 sq ft

Price per sq ft

$122

Year built

1908

Annual property taxes

$1,381

Price History

12/17/2024
Realcomp

Realcomp #20240091513

Pending
$175,000
12/10/2024
Realcomp

Realcomp #20240091513

Listed
$175,000
+169.23%
07/16/2018
Realcomp

Realcomp #57021396621

Sold
$65,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Monroe

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rocket Mortgage Llc

Loan start date

September 2021

Original loan amount

$11,377

Est. remaining balance

$10,415

Interest rate

2.78%

Loan type

FHA, 27 year

Seller

Joel L Powers

Lender

Quicken Loans Inc

Loan start date

July 2018

Original loan amount

$63,822

Est. remaining balance

Not provided

Interest rate

4.56%

Loan type

FHA, 30 year

Seller

Joel L Powers

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 12/23/2024 at 5:15 AM

Listing updated: 12/20/2024 at 9:59 AM

Listed by: Pharen N Scott, KW Realty Livingston Phone #: (810) 227-5500

MLS: Realcomp #20240091513

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