$121,000

2 Beds   1 Bath   1,101 Sq. Ft.   Single-Family
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Marion Dr
Monroe, MI 48162

Potential Profit

$1,210

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Status: Inactive
Listing ID: 58483360

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Property Information

  • Price: $121,000
  • Bedrooms: 2
  • Bathrooms: 1
  • Full Baths: 1
  • Living Area Size: 1,101
  • Basement: Yes
  • Total Square Feet: 1,101
  • Lot Size: 0.12 acres
  • Style: Bungalow
  • Heating Type: Forced Air
  • Year Built: 1949
  • Comments: Listing Status: Pending
  • Source ID: 20221024117
  • Day(s) On Site: 105
  • School District: Monroe
  • Property Type: Single Family Dwelling

Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Rooms: 5
  • Basement Sqft: 1,101
  • Fireplaces: YES
  • Exterior Wall Type: ALUMINUM/VINYL
  • Heating Fuel: ELECTRIC
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 5,227
  • Year Built: 1949
  • APN: 55-69-01345-000
  • Property Type: Single Family Residence
  • Township: MONROE
  • Front Footage: 14
  • Depth Footage: 127
  • Living Sqft: 1,101
  • Sewer Type: PUBLIC

Foreclosure

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Rental Value

The estimated rental value for Marion Dr located in Monroe, MI is $950/month. Comparable homes around Marion Dr that are rentals have monthly ranges starting as low as $810 per month and as high as $1,090 per month. An owner looking to use this property as an investment could bring a return in the area of $810 - $1,090 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
12/06/21 06/26/22 Foreclosure
09/02/21 09/30/21 Preforeclosure SUN WEST MORTGAGE COMPANY INC

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Homes On This Street
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foreclosure.com

Marion Dr
Monroe, MI 48162

2 Beds   1 Bath   1,101 sq. ft.   Single-Family

$121,000

Status: Inactive Listing ID: 58483360

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Marion-Dr-Monroe-MI-48162/58483360_lid

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