NOT LISTED FOR SALE

Estimated Value: $365,000 - $526,000

-- Bed
3.5 Baths
3,335 Sq Ft
$127/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $255,000 $76 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,878/month

19 Days on Market

Highlights

  • 0.2 Acre Lot
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Covered Patio or Porch
  • Ceiling Fan

About This Home

As of January 2021

Great income producing rental near EMU. This duplex is currently rented with two (4) bedrooms units. Unit one is 4 bedrooms, 2 full bathrooms. Currently rents for $1,765 per month with lease good till 08/20/2021. Unit two is 4 bedrooms, 1 full bath and 1 half bathroom. This unit rents for $1,500 per month with lease signed till 08/20/2021. With walking distance to downtown Ypsilanti and EMU this is one of the best in the area. Plenty of parking for all the tenants. Must close by 12/20/2020. Showings only allowed on Friday between 2:30-6:30

Last Agent to Sell the Property

Ben Hendricks

Realty Ink License #6501348934 Listed on: 10/22/2020

Last Buyer's Agent

Ben Hendricks

Realty Ink License #6501348934 Listed on: 10/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1870

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 105.00x165.00

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3,335 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 8 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Original Plat Of Ypsilanti City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111140482011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,611

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1870
  • State Equalized Value: 129400.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3335

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick, Wood
  • Foundation Materials: Block
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 1499500.0000
  • Lot Size Area: 0.20
  • Lot Dimensions: 105.00X165.00
  • Parcel Number: 111140482011
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3265

Tax Info

  • Tax Amount Summer: 5401.0000
  • Tax Amount Winter: 210.0000
  • Total Tax: 5611.0000
  • Taxable Value: 62678.0000

Multi Family

  • Gross Scheduled Income: 39180.00
  • Number Of Units Total: 2
  • Number of Four Bedroom Units: 2

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Jan 28, 2021
Sold by
Barnes & Barnes Properties Llc
Bought by
Sandy Mcfiddish Llc
Seller's Agent
Ben Hendricks
Realty Ink
Buyer's Agent
Ben Hendricks
Realty Ink
List Price
$320,000
Sold Price
$255,000
Premium/Discount to List
-$65,000
-20.31%
Current Estimated Value
$424,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,472
Avg. Annual Appreciation
11.32%

Purchase Details

Closed on
Mar 16, 2010
Sold by
Federal National Mortgage Association
Bought by
Barnes & Barnes Properties Llc

Purchase Details

Closed on
Jul 14, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 2, 2009
Sold by
Ridenour Matthew and Ridenour Nicole
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Sep 27, 2007
Sold by
Ridenour Matthew and Ridenour Nicole
Bought by
Ridenour Nicole J and Nicole Ridenour Revocable Trust

Purchase Details

Closed on
Oct 10, 2002
Sold by
W2 Enterprises L L C
Bought by
Ridenour Matthew

Purchase Details

Closed on
Nov 29, 2001
Sold by
Ridenour Matthew
Bought by
W2 Enterprises L L C

Purchase Details

Closed on
Aug 30, 2001
Sold by
Guberinich Dejan
Bought by
Ridenour Matthew
Source: Public Records

Range of Values:

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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
Sandy Mcfiddish Llc $1,345,000 Cislo Ttl Co Ttl Ins & Escro
Barnes & Barnes Properties Llc $75,500 Attorneys Title Agency Llc
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $168,332 None Available
Ridenour Nicole J -- None Available
Ridenour Matthew -- --
W2 Enterprises L L C -- --
Ridenour Matthew $72,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $255,000 -15.0% $76 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
11/02/2020 11/02/20 Price Changed $299,900 -6.3% $90 / Sq Ft
10/22/2020 10/22/20 For Sale $320,000 -- $96 / Sq Ft
Source: Realcomp

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 $7,870 $126,800 $0 $0
2024 $7,870 $117,500 $0 $0
2023 $7,420 $99,000 $0 $0
2022 $14,605 $147,000 $0 $0
2021 $5,492 $135,500 $0 $0
2020 $5,616 $129,400 $0 $0
2019 $5,420 $116,800 $116,800 $0
2018 $5,085 $105,100 $0 $0
2017 $4,982 $100,500 $0 $0
2016 $5,043 $58,310 $0 $0
2015 -- $58,136 $0 $0
2014 -- $56,320 $0 $0
2013 -- $56,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200087332

Realcomp

APN: 11-40-482-011