NOT LISTED FOR SALE

Estimated Value: $102,000 - $119,243

4 Beds
4 Baths
3,216 Sq Ft
$35/Sq Ft Est. Value

Last Sold December 14, 2023

Last sale price $85,000 $26 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $846/month

210 Days on Market

About This Home

As of December 2023

Major price reduction on this awesome 4 unit in Historic Heritage Square! This income producing mutli-family home has nice sized rooms throughout each unit, one on the main floor and three upstairs. The main floor unit has a nice screened-in back porch and a separate entrance on the side. All units include a tub/shower combo with 3 of the units already updated with grey paint and new laminate flooring being installed. There is an unfinished basement that is currently not used, however, there is a laundry hook up available and new owners could provide washer and dryer if desired. This property is in an ideal location, walking distance to Old Town Saginaw which includes restaurants, shopping, hospital and courthouse, all 4 units have good paying tenants.Note: Please note property is in a historical area and was built in 1880 and is being sold AS/IS. The property has always maintained a steady flow of income in its current condition. Add this one to your portfolio today. Buyer's agent to verify all information. CASH ONLY

Last Agent to Sell the Property

Andrea Fizer

Brookstone, Realtors LLC License #6501442711 Listed on: 05/08/2023

Brookstone, Realtors LLC

Last Buyer's Agent

Adam Hansen

Modern Realty License #6501421834

Modern Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 55.00 x 182.00

Home Design

  • Block Foundation
  • Composition Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,216 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • City Of Saginaw In Division North Of Cass Street Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16038600000

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1880
  • State Equalized Value: 36600.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3216
  • Total Sq Ft: 3216
  • Sq Ft Total Bsmt: 1711

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Block
  • Porch Type: Deck
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Wall/Floor Furnace
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Saginaw City

Lot Info

  • Lot Size Area: 0.23
  • Lot Dimensions: 55.00 x 182.00
  • Parcel Number: 16038600000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water
  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 2089.0000
  • Tax Amount Winter: 443.0000
  • Total Tax: 2532.0000
  • Taxable Value: 33469.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Saginaw City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
Kantar Max
Bought by
Endless Summer Properties Llc
Current Estimated Value
$112,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Outstanding Balance
$104,354
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
-$3,576

Purchase Details

Listed on
May 8, 2023
Closed on
Dec 7, 2023
Sold by
Mccalla Elrick
Bought by
Kantar Max
Seller's Agent
Andrea Fizer
Brookstone, Realtors LLC
Buyer's Agent
Adam Hansen
Modern Realty
List Price
$128,000
Sold Price
$85,000
Premium/Discount to List
-$43,000
-33.59%
Views
493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%

Purchase Details

Listed on
May 28, 2020
Closed on
Aug 5, 2020
Sold by
Rc Supply Llc
Bought by
Mccalla Elrick
Seller's Agent
Keta Rocha
Burrell Real Estate
Buyer's Agent
Rafael Corpuz
Burrell Real Estate
List Price
$79,500
Sold Price
$77,000
Premium/Discount to List
-$2,500
-3.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.99%
Original Mortgage
$57,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2003
Sold by
Rust Lane Partners Lc
Bought by
Braun Ii Tr William A and Braun Ii Tr Bonnie S

Purchase Details

Closed on
Jul 1, 2002
Sold by
Rust Lane Partners Lc
Bought by
Braun, William A Ii & Bonnie S Tr

Purchase Details

Closed on
Dec 23, 1996
Sold by
Braun William A and Braun Bonnie S
Bought by
Rust Lane Partners Lc

Purchase Details

Closed on
Jan 3, 1985
Sold by
Keinath Olga B and Keinath Alfred J
Bought by
Braun John M

Purchase Details

Closed on
Sep 7, 1984
Sold by
Keinath Olga B
Bought by
Keinath Olga B and Keinath Alfred J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Endless Summer Properties Llc -- None Listed On Document
Kantar Max $85,000 Midland Title
Mccalla Elrick $77,000 None Available
Braun Ii Tr William A -- --
Braun, William A Ii & Bonnie S Tr -- --
Braun William A -- --
Rust Lane Partners Lc -- --
Braun John M $22,500 --
Keinath Olga B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Endless Summer Properties Llc $105,000
Previous Owner Mccalla Elrick $57,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Sold $85,000 -14.1% $26 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/04/2023 11/04/23 Price Changed $99,000 -10.0% $31 / Sq Ft
10/10/2023 10/10/23 Price Changed $110,000 -12.0% $34 / Sq Ft
10/09/2023 10/09/23 Price Changed $125,000 -2.3% $39 / Sq Ft
06/29/2023 06/29/23 Price Changed $128,000 0.0% $40 / Sq Ft
06/29/2023 06/29/23 For Sale $128,000 -5.2% $40 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $135,000 +75.3% $42 / Sq Ft
08/07/2020 08/07/20 Sold $77,000 -3.1% $23 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $79,500 +7.7% $23 / Sq Ft
03/29/2019 03/29/19 Sold $73,846 0.0% $22 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
03/28/2019 03/28/19 For Sale $73,846 -- $22 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,777 $45,400 $0 $0
2023 $2,166 $42,400 $0 $0
2022 $2,532 $36,600 $0 $0
2021 $2,382 $32,400 $0 $0
2020 $2,177 $32,400 $0 $0
2019 $2,220 $32,300 $1,700 $30,600
2018 $1,771 $32,084 $0 $0
2017 $2,089 $32,300 $0 $0
2016 $2,104 $32,525 $0 $0
2014 -- $34,173 $0 $32,520
2013 -- $35,536 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230035487

Realcomp

APN: 91600386000000