NOT LISTED FOR SALE

Estimated Value: $406,029 - $469,000

6 Beds
1 Bath
2,750 Sq Ft
$159/Sq Ft Est. Value

Last Sold November 15, 2016

Last sale price $230,000 $84 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,797/month

244 Days on Market

Highlights

  • Access To Lake
  • 1.99 Acre Lot
  • Baseboard Heating
  • Waterfront
  • Ranch Style House

About This Home

As of November 2016

This property has 6 Units for Rental Operation, 5 Are Currently being rented with longtime renters. Zoned RM -2 WITH Property Class of Commercial. Can be changed to Residential. Many Options to Invest in this Waterfront Property.

Last Agent to Sell the Property

Sally Constance

Realty Executives Home Towne Chesterfield License #MISPE-6501380254 Listed on: 12/29/2015

Realty Executives Home Towne Chesterfield

Co-Listed By

Lucy Burby

RE/MAX First License #MISPE-6506044702

Last Buyer's Agent

Sally Constance

Realty Executives Home Towne Chesterfield License #MISPE-6501380254 Listed on: 12/29/2015

Realty Executives Home Towne Chesterfield

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1966

Lot Details

  • 1.99 Acre Lot
  • Lot Dimensions are 85x1021
  • Waterfront

Parking

  • 2 Car Parking Spaces

Home Design

  • Ranch Style House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Oven or Range
  • Access To Lake
  • Baseboard Heating

Community Details

  • Association fees include heating, snow removal, water
  • 6 Units
  • Suprvrs Bowers Anchor Bay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 23-600-0001-000

Property Details

Home Type

Apartment

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type: Apartment
  • Type Of Property: Multi-Family
  • Structure Style: Condo/Apt 1st Flr
  • Styles: Ranch
  • Total Tax Amount: 10707
  • Total Tax Year: 2015
  • Year Built: 1966
  • Mail City: Fair Haven
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Bedrooms: 6
  • Bathroom Description: First Flr Bath Lav/Half
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 2750

Exterior Features

  • Frontage: 85
  • Water Features: Lake Frontage, Lake/River Access
  • Waterfront: Yes
  • Foundation Type: Crawl
  • Roads: Private Road, City/County

Garage/Parking

  • Parking: 2 Spaces

Utilities

  • Water: Public Water At Street
  • Fuel Type: Natural Gas
  • Heating System: Baseboard
  • Sewer/Septic System: Public At Street

Condo/Co-op/Association

  • HOA Fee Includes: Heating, Snow Removal, Water

Lot Info

  • Assessor Parcel Number: 23-600-0001-000
  • Lot Dimensions: 85x1021
  • Section: 16
  • Acreage: 1.99
  • Lot Description: Deep Lot - 150+ Ft.
  • Zoning: Multi-Family, Commercial
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month, Heat Included, Water Included

Tax Info

  • Summer Tax: Year: 2015, Amount: $5,370.00
  • Winter Tax: Year: 2015, Amount: $5,337.00
  • Total Tax: Year: 2015, Amount: $10,707.00

Multi Family

  • Total Units: 6

MLS Schools

  • School District: Anchor Bay School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2015
Closed on
Nov 23, 2016
Sold by
Baywatch Apartments Llc
Bought by
Anchor Bay Residences Llc
Seller's Agent
Sally Constance
Realty Executives Home Towne Chesterfield
Buyer's Agent
Sally Constance
Realty Executives Home Towne Chesterfield
List Price
$425,000
Sold Price
$230,000
Premium/Discount to List
-$195,000
-45.88%
Current Estimated Value
$437,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,515
Avg. Annual Appreciation
7.52%

Purchase Details

Listed on
Dec 29, 2015
Closed on
Oct 12, 2016
Sold by
Semanas Rosmemary and Schultes Rosemarie
Bought by
Baywatch Apartments Llc
Seller's Agent
Sally Constance
Realty Executives Home Towne Chesterfield
Buyer's Agent
Sally Constance
Realty Executives Home Towne Chesterfield
List Price
$425,000
Sold Price
$230,000
Premium/Discount to List
-$195,000
-45.88%

Purchase Details

Listed on
Dec 29, 2015
Closed on
Oct 7, 2016
Sold by
Schultes Arnold W
Bought by
Baywatch Apartments Llc
Seller's Agent
Sally Constance
Realty Executives Home Towne Chesterfield
Buyer's Agent
Sally Constance
Realty Executives Home Towne Chesterfield
List Price
$425,000
Sold Price
$230,000
Premium/Discount to List
-$195,000
-45.88%

Purchase Details

Closed on
Oct 7, 2010
Sold by
Mccormick Beverly
Bought by
Baywatch Apartments Llc

Purchase Details

Closed on
Feb 8, 2005
Sold by
Kelly Susan and Henshaw Susan Rae
Bought by
Hensen Timothy Albert
Source: Public Records

Range of Values:

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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
Anchor Bay Residences Llc $230,000 Fidelity National Title
Baywatch Apartments Llc -- First Financail Title
Baywatch Apartments Llc -- None Available
Baywatch Apartments Llc -- Fidelity National Title
Hensen Timothy Albert -- Philip T Greco Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2016 11/15/16 Sold $230,000 -45.9% $84 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
12/29/2015 12/29/15 For Sale $425,000 -- $155 / 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 $5,020 $170,000 $0 $0
2024 $5,020 $165,200 $0 $0
2023 $4,887 $165,200 $0 $0
2022 $8,167 $153,900 $0 $0
2021 $8,406 $153,900 $0 $0
2020 $8,406 $162,100 $148,800 $13,300
2019 $7,833 $162,100 $0 $0
2018 $14,909 $207,300 $0 $0
2017 $10,279 $214,500 $0 $0
2016 $5,279 $214,500 $0 $0
2015 -- $196,800 $140,300 $56,500
2014 -- $181,600 $140,300 $41,300
2013 -- $192,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31274337

Michigan Multiple Listing Service

APN: 23-600-0001-000