Seller's Agent in 2024
Terry Frewen
Coldwell Bankers Frewen Realty
95 Total Sales
10350 Peake Rd Portland, MI 48875
--
Bed
--
Bath
2,604
Sq Ft
2
Acres
Highlights
- Cooling System Mounted In Outer Wall Opening
- Hot Water Heating System
- Front Yard Fenced and Back Yard
- Tile Flooring
- Security Fence
About This Home
As of November 2024Charming Duplex with Income Potential in Portland, Danby Township
Nestled in the serene countryside of Danby Township, this unique property at 10350 Peake Rd offers an incredible blend of residential comfort and business potential. Built in 1995, this expansive 2604 sq ft duplex sits on a picturesque 2-acre lot, offering a peaceful retreat just a short drive from downtown Portland.
2 Unit Duplex with 3 building storage units and out door RV/Boat storage space.
Last Listed By
Coldwell Banker Frewen Realty, LLC License #6502127540 Listed on: 07/31/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,414
Year Built
- Built in 1995
Lot Details
- 2 Acre Lot
- Lot Dimensions are 176x495
- Property fronts a county road
- Security Fence
- Front Yard Fenced and Back Yard
- Privacy Fence
- Chain Link Fence
Parking
- 1 Car Garage
Home Design
- Duplex
- Slab Foundation
- Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,604 Sq Ft Home
- 1.5-Story Property
- Laundry on main level
Flooring
- Carpet
- Linoleum
- Tile
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Propane
- Hot Water Heating System
- 100 Amp Service
- Well
- Gas Water Heater
- Septic Tank
Listing and Financial Details
- Total Actual Rent $47,520
Community Details
Overview
- 47 Units
Building Details
- Electric Expense $290
- Insurance Expense $2,855
- Manager Expense $3,600
- Other Expense $4,389
- New Taxes Expense $8,414
- Net Operating Income $36,012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 31, 2024
Closed on
Nov 14, 2024
Sold by
Security Rentals Llc
Bought by
1235 Properties Llc
Seller's Agent
Terry Frewen
Coldwell Banker Frewen Realty, LLC
List Price
$599,900
Sold Price
$525,000
Premium/Discount to List
-$74,900
-12.49%
Total Days on Market
63
Views
38
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,396
Avg. Annual Appreciation
0.85%
Original Mortgage
$393,750
Outstanding Balance
$391,888
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$135,508
Purchase Details
Closed on
May 25, 1995
Bought by
Security Rentals Llc and Sabin Brent
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $525,000 | Diversified Nat'L Title Agcy | |
| Deed | $20,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $393,750 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/14/2024 11/14/24 | Sold | $525,000 | -12.5% | $202 / Sq Ft |
| 07/31/2024 07/31/24 | For Sale | $599,900 | -- | $230 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $1,972 | $208,500 | $20,000 | $188,500 |
| 2023 | $1,881 | $173,500 | $15,900 | $157,600 |
| 2022 | $1,791 | $173,500 | $15,900 | $157,600 |
| 2021 | $7,709 | $160,400 | $13,600 | $146,800 |
| 2020 | $1,719 | $160,400 | $13,600 | $146,800 |
| 2019 | $1,613 | $157,200 | $14,200 | $143,000 |
| 2018 | $7,382 | $165,100 | $20,900 | $144,200 |
| 2017 | $1,627 | $165,100 | $20,900 | $144,200 |
| 2016 | $1,613 | $149,700 | $12,000 | $137,700 |
| 2015 | -- | $149,700 | $12,000 | $137,700 |
| 2014 | -- | $160,500 | $13,300 | $147,200 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Frewen
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 282524
APN: 040-011-000-016-30
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