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421 Theodore Drive

421 Theodore Drive, Monroe, MI 48162
Property in Monroe
Sold Jan 07, 2021
Transfer
$114,539 by Nations Lending Corp
Mortgage Due Jan 01, 2051
Sold Jun 01, 1995
$98,000
$83,000 by Charter One Bank
Mortgage Due Jun 01, 2025
421 Theodore Drive has been categorized by the local assessors in Monroe, MI as a residential type of property. The building on the property was first built in 1957 and is 67 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 421 Theodore Drive has 975 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,135 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 6,970 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 576 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a porch. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of shingle (not wood). The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $98,000 in May 26, 1995. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,653 in taxes each year. The initial year of tax delinquency occurred in 2015. 421 Theodore Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $81,800. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1957
  • Effective Year Built: 1957
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 975
  • Parking Type: Attached
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Porch Type: Porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,135
  • Lot Size Frontage Feet: 600
  • Total Building Area: 975
  • Building Area: 975
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 975
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERSIDE MANOR 1
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVERSIDE MANOR NO 1 LOT 130

Ownership

  • Current Owner : STEWART DAVID M
  • Current Owner 2: MULLIN SHARON K
  • Previous Owner : STEWART DAVID M
  • Owner Before Previous Owner: LINGAR EVELYN
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: SR

Neighborhood

  • School District Name: Monroe Public Schools
  • School Tax School District: MONROE PUBLIC
  • Census Tract: 831400

Zoning

  • Zoning: R-1A

Geography

  • District: 55
  • Parcel: 55-69-00333-130
  • Lot: 130
  • Municipality: MONROE CITY
  • Latitude: 41.929
  • Longitude: -83.4177

    Address

  • Full Address: 421 Theodore Dr
  • Address - House Number: 421
  • Address - Street Name: Theodore
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Monroe
  • Carrier Code: C018
  • 4-Digit Zip Code: 3222
  • Zip Code: 48162

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,653
  • Intital Tax Deliquent Year: 2015
  • Tax Rate Code Area: 55

    Appraisal Valuation

  • Standard Deviation: 0.2338
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 67
  • Final Value: 206,053
  • High Value: 254,231
  • Low Value: 157,875

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $114,539
  • First Open Lien Mortgage Lender: NATIONS LENDING CORP
  • First Open Lien Mortgage Recording Date: Jan 07, 2021
  • First Open Lien Mortgage Loan Amount: $114,539
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $163,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 22, 2020
  • Current Sale Recording Date: Jan 07, 2021
  • Current Sale Transaction ID: 11815555830
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2021R00361
  • Previous Sale Recording Date: Jun 01, 1995
  • Previous Sale Contract Date: May 26, 1995
  • Previous Sale Amount: $98,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NATIONS LENDING CORP
  • First Mortgage Transaction Date: Jan 07, 2021
  • First Mortgage Loan Amount: $114,539
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CHARTER ONE BANK
  • Previous Mortgage Transaction Date: Jun 01, 1995
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $83,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2025

About Monroe



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Unit for rent at 50 Virginia Drive, Monroe, MI, 48162

$975 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
50 Virginia Drive #7, Monroe, MI, 48162 Listing by Sam Fayz

Frequently Asked Questions

What neighborhood is 421 Theodore Drive located in?
The 421 Theodore Drive is a located in the neighborhood of Monroe in Monroe, Monroe.
What is the average sales price for listings in 421 Theodore Drive?
The average sales price for units in 421 Theodore Drive is $0 currently.

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