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Brooklyn 49230
224 MONROE ST
$20,000
● House - Off Market

224 MONROE ST

Brooklyn, MI 49230
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,190 Ft²
$57,507
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Nice opportunity in the village of Brooklyn.  Priced to sell.  Nice deep lot and loads of potential.  Bank owned.  Being sold "as-is".
Unit Size
1,190 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$29
Property Type
House
Property Taxes
$149
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #21074478)

Price History

Date / Event Date Event Price
Nov 17, 2017 Sold
Premium
Sold
Sep 26, 2017 Listed by THINKING REAL ESTATE $34,900
Listed by THINKING REAL ESTATE
Apr 7, 2017 Sold
Premium
Sold
Mar 20, 2017 Listed by THINKING REAL ESTATE $34,900
Listed by THINKING REAL ESTATE

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 768
  • Garage Type: 7
  • Garage Square Area: 1,200
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,170
  • Lot Size Depth Feet: 2,820
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL PLAT OF VILLAGE OF BROOKLYN
  • Land Acres: 0000000486
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE ELY 1/2 OF LOT 194 AND ENTIRE LOT 195 ORIGINAL PLAT OF VILLAGE OF BROOKLYN

Neighborhood

  • School District Name: Columbia School District
  • School Tax School District: 38040
  • Census Tract: 006306

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MAPS 173A
  • District: 02
  • Parcel: 000-20-19-351-006-00
  • Lot: 194-195
  • Municipality: BROOKLYN VILLAGE
  • Latitude: 42.1053
  • Longitude: -84.2451

    Address

  • Full Address: 224 Monroe St
  • Address - House Number: 224
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R007
  • 4-Digit Zip Code: 9501
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $149,325
  • Tax Rate Code Area: 41

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 67
  • Final Value: 127,866
  • High Value: 157,850
  • Low Value: 97,882

    Market Valuation

  • Market Total Value: $125,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 13, 2017
  • Current Sale Recording Date: Nov 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2782721
  • Previous Sale Recording Date: Apr 07, 2017
  • Previous Sale Contract Date: Mar 29, 2017
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Brooklyn

Stats & Trends

Median Asking:

$268,500

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

78

Average Home Size

761 ft²

Average Home Age

59.2 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: MARC J MEYER, THINKING REAL ESTATE
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21074478
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 224 Monroe Street built and last sold?
The property at 224 Monroe Street was built in 1925 and last sold on Nov 13, 2017 for $25,000.
How much is this home worth?
The estimated value of the home located at 224 Monroe Street is $0.
What are some comparable homes to 224 Monroe Street?
There are currently no comparable homes to 224 Monroe Street.
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