0 PAYSON AVE
Monroe, MI 48162

$464,900
Est. Mortgage: $1,736/mo
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Active
Lots and Land

91.73 acres development site abutting Frenchman's Bend subdivision. 9.4 acres had received approval from City of Monroe Planning Commission for 25-unit condominium development. City planning has indicated that should the original plans be resubmitted with no changes the site plan could be resubmitted to City Planning for approval and then be 'shovel ready'. Original plans that had received approval will be available, including environmental assessments and wetland evaluation. This property presents a great opportunity for development. There seems to be strong demand for condos in the local market which provide strong pre-sale commitments. Approximately 90 acres is being leased by a farmer on an annual basis. Site backs up to Cranbrook Estates Subdivision and Frenchman's Bend Subdivision.

Property Details
  • Monroe
    school district
  • 3451384
    MLS#
Elementary school: OTHER
High school: OTHER
School district: MONROE
Lot wooded acreage is: 5
Lot tillable acreage is: 80
Lot size: 973 x Irregular
Lot zoned: R1-B
Public water
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Monroe Real Estate Market in 48162
371
Properties for sale right now
$132,485
Average sale price
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Howard Hanna Mortgage Services

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Mortgage information provided by:
Daniel Lynch
Mortgage Loan Originator
Direct Phone (734) 735-9057
NMLS# 1369975
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The approximate monthly principal & interest payment for this property would be $1,736.38.

This payment is based on a 30-year loan at a fixed rate of 3.750 % - APR 3.816 % with a down payment of $92,980. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.

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0 PAYSON Avenue, Monroe, MI 48162 lots and land offered for sale at $464,900 by David Hudkins in the Monroe real estate office.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the MCAR MLS. Real estate listings held by brokerage firms other than Howard Hanna Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers