This spacious multifamily development site is situated in a prime location zoned R-3, offering an excellent opportunity for potential investors or developers. With dimensions measuring 142 feet by 240 feet, the property spans just shy of one acre, providing ample space for your project. Located in close proximity to downtown Monroe, this site offers convenience and accessibility. It's positioned just two blocks away from the picturesque Soldiers and Sailors Park and the scenic River Raisin, adding a touch of natural beauty to the surroundings. One of the standout features of this property is its utility infrastructure, with all necessary utilities readily available. This means you can embark on your development project with ease, knowing that essential services like water, electricity, and sewage are already in place. Don't miss out on this exceptional opportunity to bring your multifamily development vision to life in this desirable location near downtown Monroe.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Haynes R.E. in Monroe
Office Phone: (734) 242-8484
Listing Agent: Tom Fritz, Cole McNew
Lot Features
Lot Information:
Lot Size: 0.78 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $25,000
Tax Information:
Annual Amount: $10,138
Tax Year: 2019
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Monroe, MI.
This property is $180K less than the Median Sold Price in Monroe, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Southeastern Border Association of REALTORS
MLS Number: #57050122030
Listing Office:
Office Name: Coldwell Banker Haynes R.E. in Monroe
Office Phone: (734) 242-8484
Listing Agent: Tom Fritz, Cole McNew
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$192
Per Month
Principal & Interest
$125
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$141
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Arborwood Elementary School
1135 Riverview Ave
Distance between this listing and this school1.19 miles
Public District Grades PK-6
2
/10
Waterloo Elementary School
1933 S Custer Rd
Distance between this listing and this school2.01 miles
Public District Grades PK-6
5
/10
Manor Elementary School
1731 W Lorain St
Distance between this listing and this school2.04 miles
Public District Grades PK-6
Nearby Schools
5
/10
Monroe Middle School
503 Washington St
Distance between this listing and this school0.59 miles
Public District Grades 6-8
6
/10
Triumph Academy
3000 Vivian Rd
Distance between this listing and this school3.16 miles
Public Charter Grades KG-8
4
/10
Jefferson Middle School
5102 N Stony Creek Rd
Distance between this listing and this school4.85 miles
Public District Grades 5-8
Nearby Schools
2
/10
Orchard Center High School
1750 Oak St
Distance between this listing and this school0.93 miles
Public District Grades 6-12
5
/10
Monroe High School
901 Herr Rd
Distance between this listing and this school2.52 miles
Public District Grades 8-12
9
/10
Monroe County Middle College
1101 S Raisinville Rd
Distance between this listing and this school4.11 miles
The neighbors living near this home have an average income of $43,824. Most Monroe, MI residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 80 Jerome St
What is the listing price of this property?
The listing price of 80 Jerome St property is $25,000.
What type of property is this?
The property 80 Jerome St is land located in Monroe, Michigan, 48162.
Is this property for sale now?
Active Listing: 80 Jerome St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $10,138 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 80 Jerome St in Monroe, MI and zip code 48162. This home sits on a 0.78 acre lot. It has been listed on Rocket Homes since September 14, 2023 and is currently priced at $25,000.
While more than 15 listings in Monroe, MI in November 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 20 were sold below. The inventory of homes for sale in Monroe, MI between October 2024 and November 2024 decreased by 1%. In November 2024 median list price was $205,000 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.