NOT LISTED FOR SALE
8 Beds
1 Bath
-- Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: September 11, 2018

Last sale price $285,000

18 Days on Market

About This Home

As of September 2018

LOCATION, LOCATION, LOCATION!!! Near expressway which makes location very popular. 4-unit apartment building with 2bedrooms in each unit!!! 100% occupied thru out the year!!! Hardwood floors, appliances and ceramic bathrooms in each unit. Onsite laundry and private storage space for each unit. Brick 2-car garage. Maintained immaculate condition. Tenants responsible for electric and cooking gas.

Last Agent to Sell the Property

Jackie Woods

Real Estate Property Management License #471015387 Listed on: 06/28/2018

Last Buyer's Agent

Kurt Hudson

ABS Property Consulting License #475146526

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Renovated

  • 2013

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 35x140

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 1 Bathroom

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $48,000
  • Net Operating Income $42,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Renovated

2013

Lot Details

5,663 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2013
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 1
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 5890

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 35X140
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 42110
  • GrossIncome: 48000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3400
  • Tax Year: 2016
  • Tax Exemptions: Homeowner

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2018
Closed on
Sep 11, 2018
Sold by
Bought by
Seller's Agent
Jackie Woods
Real Estate Property Management
Buyer's Agent
Kurt Hudson
ABS Property Consulting
List Price
$380,000
Sold Price
$285,000
Premium/Discount to List
-$95,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,837
Outstanding Balance
$244,417
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 15, 2013
Closed on
Sep 24, 2013
Sold by
Bought by
Seller's Agent
Belinda Mitchell Ewell
B & B Realty Inc
Buyer's Agent
Belinda Mitchell Ewell
B & B Realty Inc
List Price
$165,000
Sold Price
$115,000
Premium/Discount to List
-$50,000
-30.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.26%
Original Mortgage
$64,500
Interest Rate
4.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2006
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$285,000 First American Title
$115,000 None Available
-- Cti
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $17,809
Closed $19,971
Open $279,837
Previous Owner $64,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2018 09/11/18 Sold $285,000 -25.0% --
07/16/2018 07/16/18 Pending -- -- --
07/06/2018 07/06/18 Price Changed $380,000 +35.7% --
06/28/2018 06/28/18 Price Changed $280,000 -26.3% --
06/28/2018 06/28/18 For Sale $380,000 +230.4% --
10/11/2013 10/11/13 Sold $115,000 -30.3% -- View Prior Sale
10/01/2013 10/01/13 For Sale $165,000 0.0% --
07/16/2013 07/16/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $165,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,878 $23,000 $2,906 $20,094
2024 $3,878 $23,000 $2,906 $20,094
2023 $3,780 $18,379 $4,359 $14,020
2022 $3,780 $18,379 $4,359 $14,020
2021 $3,696 $18,379 $4,359 $14,020
2020 $3,381 $15,176 $4,359 $10,817
2019 $3,388 $16,863 $4,359 $12,504
2018 $3,331 $16,863 $4,359 $12,504
2017 $4,471 $20,771 $3,777 $16,994
2016 $4,160 $20,771 $3,777 $16,994
2015 $3,806 $20,771 $3,777 $16,994
2014 $3,884 $20,934 $3,486 $17,448
2013 $3,807 $20,934 $3,486 $17,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10000573

Midwest Real Estate Data (MRED)
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