NOT LISTED FOR SALE
6 Beds
2 Baths
-- Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: July 23, 2015

Last sale price $535,000

21 Days on Market

Highlights

  • Brownstone
  • 4-minute walk to Noyes Station
  • 2-minute walk to Fireman's Park
  • Orrington Elementary School Rated A

About This Home

As of July 2015

Two Three Bedroom Units that need work but being rented for $4500 ($2250 apiece) with ALL utilities being paid INCLUDING WATER by the tenants. This means a cash on cash return of 7.5%, which when leveraged with a mortgage w 30% down will yield a spectacular return that comes close to 25% year over year.

Last Agent to Sell the Property

Scott Foster

Scott Foster License #471009660 Listed on: 06/16/2015

Last Buyer's Agent

Donna Agnew

@properties Christie's International Real Estate License #475133954

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,091

Year Built

  • Built in 1925

Lot Details

  • 2,614

Home Design

  • Brownstone
  • Brick Exterior Construction
  • Tar and Gravel Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $54,000
  • Net Operating Income $43,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,091

Year Built

Built in 1925

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1925
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 11000

Lot Info

  • Lot Dimensions: 2808
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 43000
  • GrossIncome: 54000
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 11090.72
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.056%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2015
Closed on
Jul 8, 2015
Sold by
Bought by
Seller's Agent
Scott Foster
Scott Foster
Buyer's Agent
Donna Agnew
@properties Christie's International Real Estate
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%

Purchase Details

Listed on
Sep 19, 2013
Closed on
Jan 14, 2014
Sold by
Bought by
Seller's Agent
Scott Foster
Scott Foster
Buyer's Agent
John Zimmers
EXIT Strategy Realty
List Price
$575,000
Sold Price
$425,000
Premium/Discount to List
-$150,000
-26.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.60%
Original Mortgage
$318,750
Interest Rate
0.0439%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
0.0583%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$535,000 Chicago Title Insurance Co
$425,000 Stewart Title Company
$620,000 First American Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Previous Owner $318,750
Previous Owner $124,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/23/2015 07/23/15 Sold $535,000 -7.0% --
07/07/2015 07/07/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $575,000 +35.3% --
02/21/2014 02/21/14 Sold $425,000 0.0% -- View Prior Sale
10/11/2013 10/11/13 Pending -- -- --
09/30/2013 09/30/13 Off Market $425,000 -- --
09/19/2013 09/19/13 For Sale $575,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,979 $61,656 $8,284 $53,372
2024 $10,979 $45,351 $7,020 $38,331
2023 $10,534 $45,351 $7,020 $38,331
2022 $10,534 $45,351 $7,020 $38,331
2021 $11,015 $41,508 $4,633 $36,875
2020 $11,427 $43,641 $4,633 $39,008
2019 $11,463 $48,925 $4,633 $44,292
2018 $12,117 $44,227 $3,931 $40,296
2017 $13,166 $49,342 $3,931 $45,411
2016 $12,487 $49,342 $3,931 $45,411
2015 $11,461 $42,743 $3,369 $39,374
2014 $11,352 $42,743 $3,369 $39,374
2013 $11,091 $42,743 $3,369 $39,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08955781

Midwest Real Estate Data (MRED)
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