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720 Palmwood Avenue

720 Palmwood Avenue, Monroe, MI 48161
Property in Monroe
Sold Apr 24, 2018
$125,000
$120,308 by Flagstar Bank Fsb
Mortgage Due Feb 01, 2052
Sold May 17, 2016
$58,000
$56,949 by Crosscountry Mortgage Inc
Mortgage Due Jun 01, 2046
720 Palmwood Avenue in Monroe, MI was first built in 1928 and is 96 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 720 Palmwood Avenue has 1,046 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 430 ft and the linear feet between the front and back of the lot is 1,799. In total, the area measurement of the land is 7,841 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of shingle (not wood). The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of plaster. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 720 Palmwood Avenue sold most recently in Apr 23, 2018 for a total of $125,000. If you work out the math, that's approximately a cost of $119.50 per sqft. Before that, the property was also sold for $58,000 in May 10, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,004 in taxes each year. 720 Palmwood Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $50,950. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • 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: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 598
  • Parking Type: Attached
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Lot Size Depth Feet: 1,799
  • Lot Size Frontage Feet: 430
  • Total Building Area: 1,046
  • Building Area: 1,046
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,046
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CONLISK PLACE
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CONLISK PLACE LOT 22

Ownership

  • Current Owner : TUCKER AMANDA J
  • Current Owner 2: HERRERA HALEY R
  • Previous Owner : FERGUSON JONATHAN
  • Previous Owner 2: FERGUSON AMANDA
  • Owner Before Previous Owner: WHITMAN PAULA
  • Owner Before Previous Owner 2: ABSALOM PAULINE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Woman as her sole & separate property

Neighborhood

  • School District Name: Monroe Public Schools
  • School Tax School District: MONROE PUBLIC
  • Census Tract: 832300

Zoning

  • Zoning: R-1A

Geography

  • District: 55
  • Parcel: 55-19-00174-000
  • Lot: 22
  • Municipality: MONROE CITY
  • Latitude: 41.9178
  • Longitude: -83.419

    Address

  • Full Address: 720 Palmwood Ave
  • Address - House Number: 720
  • Address - Street Name: Palmwood
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Monroe
  • Carrier Code: C016
  • 4-Digit Zip Code: 7702
  • Zip Code: 48161

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,004
  • Tax Rate Code Area: 55

    Appraisal Valuation

  • Standard Deviation: 0.2465
  • Valuation Date: May 10, 2023
  • Confidence Score: 65
  • Final Value: 155,639
  • High Value: 194,016
  • Low Value: 117,263

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,308
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Jan 20, 2022
  • First Open Lien Mortgage Loan Amount: $120,308
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $101,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $50,950

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 23, 2018
  • Current Sale Recording Date: Apr 24, 2018
  • Current Sale Transaction ID: 11462990030
  • Current Sale Price: $125,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2018R07439
  • Previous Sale Recording Date: May 17, 2016
  • Previous Sale Contract Date: May 10, 2016
  • Previous Sale Amount: $58,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NOIC INC
  • First Mortgage Transaction Date: Apr 24, 2018
  • First Mortgage Loan Amount: $122,735
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2048

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • Previous Mortgage Transaction Date: May 17, 2016
  • Previous Mortgage Loan Amount: $56,949
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2046

About Monroe



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Frequently Asked Questions

What neighborhood is 720 Palmwood Avenue located in?
The 720 Palmwood Avenue is a located in the neighborhood of Monroe in Monroe, Monroe.
What is the average sales price for listings in 720 Palmwood Avenue?
The average sales price for units in 720 Palmwood Avenue is $0 currently.

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