NOT LISTED FOR SALE

1005 Bell Rd Niles, MI 49120

Estimated Value: $239,000 - $283,000

Studio
-- Bath
-- Sq Ft
2.46 Acres

Last Sold January 21, 2022

Last sale price $154,000

Est. 70% increase in value since last sale

Current estimated payment $1,848/month

15 Days on Market

Highlights

  • 2.46 Acre Lot
  • Forced Air Heating System
  • Wood Siding
  • Brandywine Senior High School Rated A-
  • Baseboard Heating

About This Home

As of January 2022

Great investment opportunity! This 4 unit rental building has a great rental history. There are three 1 bedroom apartments and one 2 bedroom apartment. Unit 1 main floor -$650 Unit 2 upper- $500, Unit 3 upper-$520, Unit 4 basement-$420 Building sits on a large 2 and a half acre lot, that can be split and have another business on the front lot. New furnace in 2020. Property borders the Indiana/Niles bike trail. Ask for your private showing today.

Last Agent to Sell the Property

Browning Chabot

Cressy & Everett Real Estate License #6501373342 Listed on: 10/11/2021

Cressy & Everett Real Estate

Last Buyer's Agent

Traci Parcell

McKinnies Realty License #6501426439

McKinnies Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,442

Year Built

  • Built in 1900

Lot Details

  • 2.46 Acre Lot
  • Lot Dimensions are 267x479x158x489

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, water

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,442

Year Built

Built in 1900

Lot Details

2.46 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • General Property Info:Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding, Wood Siding
  • List Price: 175000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 2.46
  • Lot Size Area: 2.46
  • Lot Dimensions: 267x479x158x489
  • Lot Size Sq Ft: 107158.0

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Water
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2442.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2024
Sold by
Hernandez Investment Properties Llc
Bought by
Samadder George
Current Estimated Value
$262,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Outstanding Balance
$168,274
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$94,283

Purchase Details

Listed on
Oct 11, 2021
Closed on
Feb 2, 2022
Sold by
Clekton Llc
Bought by
Hernandez Investment Properties Llc
Seller's Agent
Browning Chabot
Cressy & Everett Real Estate
Buyer's Agent
Traci Parcell
McKinnies Realty
List Price
$175,000
Sold Price
$154,000
Premium/Discount to List
-$21,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%
Original Mortgage
$118,800
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2020
Sold by
David Schrader Jr Theodore and Mar Lindsey
Bought by
Clekton Llc

Purchase Details

Closed on
Apr 11, 2014
Sold by
Schrader Timothy Dean
Bought by
Schrader Theodore David and Schrader Lindsey Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Samadder George $190,000 First American Title
Hernandez Investment Properties Llc $154,000 Chicago Title
Clekton Llc -- --
Cliekton Llc -- None Available
Schrader Theodore David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samadder George $171,000
Previous Owner Hernandez Investment Properties Llc $118,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $154,000 -12.0% --
10/26/2021 10/26/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $175,000 -- --
Source: MichRIC

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
2025 $5,938 $118,300 $0 $0
2024 $4,806 $125,500 $0 $0
2023 $6,389 $166,800 $0 $0
2022 $2,566 $126,800 $0 $0
2021 $2,947 $77,200 $9,000 $68,200
2020 $2,923 $72,600 $0 $0
2019 $2,874 $63,200 $9,000 $54,200
2018 $2,781 $63,200 $0 $0
2017 $2,745 $60,100 $0 $0
2016 $2,709 $58,200 $0 $0
2015 $2,697 $59,200 $0 $0
2014 $782 $57,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21110178

MichRIC

APN: 11-14-0102-0010-02-2

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