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$119,000

Beds
2
Baths
1.0
sq ft
1,366

643 Michigan Ave, Monroe, MI 48162

643 Michigan Ave

MonroeCity_Monroe, MI 48162

  • Pending
    • Price drop $17,000↓
This bungalow situated in the heart of Monroe welcomes you home! Updates include new windows, new carpet new central air, new hot water tank, and a newer roof. You'll have plenty of storage with a finished basement, 2 closets in the first bedroom, and built-in storage unit in the second bedroom!

Details

Property type

Single Family Residence

Est. home value

$106,490

Lot size

4,356 sq ft

Price per sq ft

$88

Year built

1943

Annual property taxes

$2,620

HOA

Yes

Price History

03/27/2025
Realcomp

Realcomp #57050167253

Pending
$119,000
03/12/2025
Realcomp

Realcomp #57050167253

Listed
$119,000
+77.61%
10/18/2021
Realcomp

Realcomp #57050039804

Sold
$67,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Monroe

Negotiation Insights

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

Seller could get up to

$38,584
Asking price
$119,000
Closing costs (~8% of asking)
-$9,520
Est. remaining loan balance
-$70,896
Cash to seller
$38,584

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

April 2022

Original loan amount

$75,000

Est. remaining balance

$70,896

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Daniel Drewyor and Aaron Wilson

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: 04/01/2025 at 5:00 AM

Listing updated: 03/27/2025 at 7:46 PM

Listed by: Amy Smith, Century 21 Allstar Real Estate Team, Inc in Monroe Phone #: (734) 241-2700

MLS: Realcomp #57050167253

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