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328 East 8th Street

328 East 8th Street, Monroe, MI 48161
Property in Monroe
Sold Jul 23, 2015
$62,000
$52,700 by Monroe Bank & Trust
Mortgage Due Aug 01, 2045
Local assessors in Monroe, MI have categorized 328 East 8th Street as a residential type of property. The home was built in 1921 and is 103 years old. The property's lot size has been calculated to be 5,663 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 400 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 328 East 8th Street has a total of 1,222 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable style roof that was made of shingle (not wood). Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. The property was last sold in Jul 17, 2015 for $62,000. That's $50.74 per sqft. 328 East 8th Street was last assessed in 2022. The total value of the property was assessed at $41,330. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,614. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Total Rooms: 3
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 416
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,222
  • Building Area: 1,222
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,222
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRASSLEY & GUTMAN
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GRASSLEY AND GUTMAN PLAT W 40 FT OF E 80 FT OF N 140 FT OF LOT 53

Ownership

  • Current Owner : QUARTEY KOJO A
  • Previous Owner : HUMMEL JOHNNY W
  • Previous Owner 2: HUMMEL VIRGINIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Monroe Public Schools
  • School Tax School District: MONROE PUBLIC
  • Census Tract: 832000

Zoning

  • Zoning: R-1A

Geography

  • District: 55
  • Parcel: 55-39-00089-000
  • Lot: 53
  • Municipality: MONROE CITY
  • Latitude: 41.907
  • Longitude: -83.3988

    Address

  • Full Address: 328 E 8th St
  • Address - House Number: 328
  • Street Direction: E
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: MI
  • City Name: Monroe
  • Carrier Code: C003
  • 4-Digit Zip Code: 1315
  • Zip Code: 48161

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,614
  • Tax Rate Code Area: 55

    Appraisal Valuation

  • Standard Deviation: 0.2554
  • Valuation Date: May 10, 2023
  • Confidence Score: 63
  • Final Value: 123,061
  • High Value: 154,491
  • Low Value: 91,630

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $89,200
  • First Open Lien Mortgage Lender: MONROE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jul 23, 2015
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $52,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2045
  • Second Open Lien Mortgage Lender: MONROE BANK & TRUST
  • Second Open Lien Mortgage Recording Date: Jul 26, 2019
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $36,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Aug 20, 2049

    Market Valuation

  • Market Total Value: $82,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,330

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2015
  • Current Sale Recording Date: Jul 23, 2015
  • Current Sale Transaction ID: 1408998226
  • Current Sale Price: $62,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015R15017

    Last Sale Mortgage

  • First Mortgage Lender: MONROE BANK & TRUST
  • First Mortgage Transaction Date: Jul 23, 2015
  • First Mortgage Loan Amount: $52,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Monroe



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Frequently Asked Questions

What neighborhood is 328 East 8th Street located in?
The 328 East 8th Street is a located in the neighborhood of Monroe in Monroe, Monroe.
What is the average sales price for listings in 328 East 8th Street?
The average sales price for units in 328 East 8th Street is $0 currently.

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