NOT LISTED FOR SALE

108 W Pottawatamie St Tecumseh, MI 49286

Estimated Value: $256,053

7 Beds
4 Baths
2,400 Sq Ft
$107/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $118,000 $49 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,891/month

221 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 2-minute walk to Elliot Park
  • Porch
  • Wood Siding

About This Home

As of December 2014

Tecumseh 4-unit opportunity with historic charm! Well maintained, separate utilities, steady rent! Each unit includes refrigerator, range/oven, dishwasher. Separate furnaces are in basement and attic. Additional income with coin laundry facility in basement, and 2 car garage with additional storage area. Central air in unit #2. Unit sf is estimated. Great investment!

Last Agent to Sell the Property

Kay Buenaflor Prong

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6501295684 Listed on: 03/18/2014

Howard Hanna Real Estate Services-Tecumseh

Co-Listed By

Patrick Hoffman

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502382642

Howard Hanna Real Estate Services-Tecumseh

Last Buyer's Agent

Patrick Hoffman

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502382642

Howard Hanna Real Estate Services-Tecumseh

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1860

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 61.80x233.42

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units
  • Net Operating Income $24,600

Listing and Financial Details

  • Assessor Parcel Number XT0-481-2030-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 4316.31
  • Total Tax Year: 2014
  • Year Built: 1860
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Hardwood Floors
  • Basement: Yes
  • Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Estimated Sq Ft: 2400

Exterior Features

  • Construction: Brick, Wood
  • Exterior Features: Porch
  • Frontage: 61
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Garage Spaces: 2

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XT0-481-2030-00
  • Lot Dimensions: 61.80x233.42
  • Acreage: 0.48
  • Lot Description: Sidewalks
  • Zoning: Multi-Family, Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2014, Amount: $3,907.03
  • Winter Tax: Year: 2013, Amount: $409.28
  • Taxable Value: 66018
  • Total Tax: Year: 2014, Amount: $4,316.31
  • SEV Year: 2013

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Tecumseh Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2014
Closed on
Dec 12, 2014
Sold by
R And S Investments Inc
Bought by
Esmael Kaveh
Seller's Agent
Kay Buenaflor Prong
Howard Hanna Real Estate Services-Tecumseh
Buyer's Agent
Patrick Hoffman
Howard Hanna Real Estate Services-Tecumseh
List Price
$159,000
Sold Price
$118,000
Premium/Discount to List
-$41,000
-25.79%
Current Estimated Value
$256,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,053
Avg. Annual Appreciation
7.30%
Original Mortgage
$87,750
Outstanding Balance
$70,147
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$182,574
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
Esmael Kaveh -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esmael Kaveh $87,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2014 12/12/14 Sold $118,000 -25.8% $49 / Sq Ft
10/25/2014 10/25/14 Pending -- -- --
03/18/2014 03/18/14 For Sale $159,000 -- $66 / 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 $6,399 $135,100 $0 $0
2024 $5,785 $137,500 $0 $0
2023 $5,694 $132,900 $0 $0
2022 $5,460 $121,900 $0 $0
2021 $5,634 $118,400 $0 $0
2020 $5,575 $120,400 $0 $0
2019 $5,477 $120,700 $20,000 $100,700
2017 $5,178 $83,100 $20,000 $63,100
2016 $6,739 $100,300 $19,100 $81,200
2014 $3,766 $98,100 $13,600 $84,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20395543

Michigan Multiple Listing Service

APN: XT0-481-2030-00