NOT LISTED FOR SALE

1040 E Mount Morris St Mount Morris, MI 48458

Estimated Value: $80,000 - $167,010

5 Beds
4 Baths
2,128 Sq Ft
$68/Sq Ft Est. Value

Last Sold December 21, 2012

Last sale price $14,750 $7 Per Sq Ft

Est. 885% increase in value since last sale

Current estimated payment $1,034/month

17 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Wood Siding

About This Home

As of December 2012

Tremendous investment possiblility on 4 unit in the city of MT. Morris.

Last Agent to Sell the Property

Tim Powell

REMAX Right Choice License #FAAR-123420 Listed on: 11/27/2012

REMAX Right Choice

Last Buyer's Agent

Michael Davidson

REMAX Right Choice License #FAAR-122148

REMAX Right Choice

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 60x194

Home Design

  • Wood Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Porch
  • Forced Air Heating System
  • Finished Basement

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5707504007

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Originating MLS: East Central Association
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: More Than 2 Stories
  • Total Tax Amount: 2496.06
  • Year Built: 1910
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Finished
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bathrooms: 4

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Frontage: 60
  • Foundation Type: Basement
  • Frontage Type: Road

Utilities

  • Water: Community
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 5707504007
  • Lot Dimensions: 60x194
  • Acreage: 0.27
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Water/Sewer

Tax Info

  • Summer Tax: Amount: $1,360.38
  • Winter Tax: Amount: $1,135.68
  • Total Tax: Amount: $2,496.06

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Mt.Morris Consolidated Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2018
Bought by
Mount Morris Properties Llc
Current Estimated Value
$145,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Outstanding Balance
$160,542
Interest Rate
3.99%
Mortgage Type
Commercial
Estimated Equity
-$15,289

Purchase Details

Closed on
Jan 26, 2011
Sold by
Merrill Phillip D and Merrill Brenda Y
Bought by
Independent Mortgage Co

Purchase Details

Closed on
Aug 25, 2003
Sold by
Knickerbocker Paul and Knickerbocker Doreen
Bought by
Merrill Phillip D and Merrill Brenda Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2003
Sold by
Arkills Cynthia Merrill
Bought by
Merrill Phillip and Merrill Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mount Morris Properties Llc $240,000 Masonburgess Title Agency
Independent Mortgage Co $31,825 None Available
Merrill Phillip D $54,900 Centennial Title
Merrill Phillip -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mount Morris Properties Llc $190,000
Previous Owner Merrill Phillip D $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2012 12/21/12 Sold $14,750 -35.6% $7 / Sq Ft
11/27/2012 11/27/12 For Sale $22,900 -- $11 / Sq Ft
Source: Michigan Multiple Listing Service

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
2025 $3,303 $90,900 $0 $0
2024 $1,659 $80,900 $0 $0
2023 $1,584 $74,600 $0 $0
2022 $3,114 $58,800 $0 $0
2021 $3,086 $53,500 $0 $0
2020 $1,533 $49,100 $0 $0
2019 $1,510 $43,000 $0 $0
2018 $1,085 $37,500 $0 $0
2017 $1,974 $34,400 $0 $0
2016 $1,956 $31,600 $0 $0
2015 -- $29,900 $0 $0
2014 -- $36,000 $0 $0
2012 -- $35,600 $35,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Powell

    Seller's Agent in 2012

    Tim Powell

    RE/MAX Michigan

    (810) 577-6506

    3 in this area

    65 Total Sales

    Tim Powell
    Section Image
  • Michael Davidson

    Buyer's Agent in 2012

    Michael Davidson

    RE/MAX Michigan

    (810) 620-6007

    29 in this area

    403 Total Sales

    Michael Davidson
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 30021940

Michigan Multiple Listing Service

APN: 57-07-504-007

Michigan Genesee County Mount Morris 48458

1040 E Mount Morris St, Mount Morris, MI

Not Listed for Sale

MultiFamily

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