See Home Value
Monroe 48162
318 E Lorain
$135,000 - $165,000
House - Off Market

318 E Lorain

Monroe, MI 48162
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1040 Sqft
Sold Sep 15, 2023
$129,000
Sold Sep 17, 2021
$129,900

About This Property

Charming residence conveniently located within a short stroll to Monroe's vibrant downtown. This property is primed for your personal touch and immediate occupancy. Embrace the summer season on the rear deck, or on drizzly days, find solace in the enclosed front porch. The home boasts three bedrooms, one full bathroom, accompanied by a spacious living room. The backyard is completely enclosed, and a useful shed with electrical wiring awaits your use.

The manager has listed the unit size as 1040 square feet.
Unit Size
1,040Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$144
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1914

Price History

Date / Event Date Event Price
Apr 8, 2024 No longer available -
No longer available
Feb 19, 2024 Relisted $150,000
Relisted
Feb 9, 2024 No longer available -
No longer available
Oct 21, 2023 Listed $150,000
Listed
Sep 15, 2023 Sold $129,000
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 520
  • Parking Type: Attached
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 318
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,040
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COMM 551.5 FT S 65D 30M E FR INTER E LI MACOMB ST WITH S LI LORAIN ST; TH S 65D 30M E 33 FT; TH S 24D 30M W 150 FT; TH N 65D

Ownership

  • Current Owner : US BANK NATIONAL ASSOCIATION
  • Previous Owner : DEPUTY SHERIFF
  • Owner Before Previous Owner: NAGY TIMOTHY
  • Owner Before Previous Owner 2: CARUSO STELLA M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Bank Owned
  • Vacant Flag Date: Oct 09, 2023

Neighborhood

  • School District Name: Monroe Public Schools
  • School Tax School District: MONROE PUBLIC
  • Census Tract: 831600

Zoning

  • Zoning: R-1A

Geography

  • District: 55
  • Parcel: 55-59-01829-000
  • Municipality: MONROE CITY
  • Latitude: 41.9217
  • Longitude: -83.3886

    Address

  • Full Address: 318 E Lorain St
  • Address - House Number: 318
  • Street Direction: E
  • Address - Street Name: Lorain
  • Address - Suffix Type: St
  • State: MI
  • City Name: Monroe
  • Carrier Code: C011
  • 4-Digit Zip Code: 7807
  • Zip Code: 48162

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,899
  • Tax Rate Code Area: 55

    Appraisal Valuation

  • Standard Deviation: 0.1053
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 89
  • Final Value: 147,122
  • High Value: 162,614
  • Low Value: 131,630

    Market Valuation

  • Market Total Value: $86,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,240

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Transaction ID: 11913923825
  • Current Sale Price: $129,000
  • Current Sale Document Type: Sheriff's Deed
  • Current Sale Input Document Number: 13790
  • Previous Sale Recording Date: Sep 17, 2021
  • Previous Sale Contract Date: Sep 10, 2021
  • Previous Sale Amount: $129,900
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,000 ft²
$165/ft²
$164,900 Sep 27, 2023
-
-
Commercial
Loft
-
2,722 ft²
$66/ft²
$179,900 Jan 3, 2024
-
$241/mo

About Monroe


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Unit for sale at 150 Godfroy Avenue, Monroe, MI 48162

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Nearby Rentals

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Frequently Asked Questions

When was property at 318 East Lorain Street built and last sold?
The property at 318 East Lorain Street was built in 1914 and last sold on Sep 7, 2023 for $129,000.
How much is this home worth?
The estimated value of the home located at 318 East Lorain Street is $150,003.
What are some comparable homes to 318 East Lorain Street?
Homes that are comparable to 318 East Lorain Street include a house property at 150 Godfroy Avenue, a commercial property at 123 South Monroe Street, which are both great to check out.

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