NOT LISTED FOR SALE

1108 W Main St Owosso, MI 48867

Estimated Value: $114,000 - $157,000

4 Beds
3 Baths
1,841 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $110,000 $60 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $965/month

4 Days on Market

Highlights

  • Farmhouse Style Home
  • Forced Air Heating System
  • Ceiling Fan
  • Porch

About This Home

As of June 2022

This 3-unit rental property is a fantastic investment opportunity. Monthly rental income is $1300. Tenants pay their own heat and electric. Landlord pays water and trash which average around $100 per month combined. Rate of return on this property just over 10% annually. The rent on one unit is rented below normal rate but that tenant handles property maintenance. Tenants are on a month-to-month contract. The owner has 3 other Owosso rental properties for sale.

Last Listed By

Howie Ebenhoeh

Re/max TriCounty License #SBR-6501372204 Listed on: 05/23/2022

Re/max TriCounty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1945

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 66 x 120

Parking

  • 3 Car Parking Spaces

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement
  • Michigan Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 05066201700300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,893

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Originating MLS: Saginaw Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Farm House
  • Year Built: 1945
  • Mail City: Owosso
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1841

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch
  • Frontage: 66
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • 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: 05066201700300
  • Location: Main Street
  • Lot Dimensions: 66 x 120
  • Acreage: 0.11
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $899.10
  • Winter Tax: Year: 2020, Amount: $998.86
  • Taxable Value: 30134
  • Total Tax: Year: 2020, Amount: $1,892.90
  • SEV Year: 2020

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Owosso Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2022
Closed on
Jun 23, 2022
Sold by
Donald F Moorman Living Trust
Bought by
Jenkins Jared A and Jenkins Leslie
Seller's Agent
Howie Ebenhoeh
Re/max TriCounty
Buyer's Agent
Sada Mcniel
ERA Prime Real Estate Group
List Price
$109,900
Sold Price
$110,000
Premium/Discount to List
$100
0.09%
Total Days on Market
4
Current Estimated Value
$134,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,891
Avg. Annual Appreciation
4.23%
Original Mortgage
$82,500
Outstanding Balance
$79,722
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$44,177

Purchase Details

Closed on
Mar 4, 2004
Sold by
Moorman Donald F
Bought by
Moorman Donald F and Donald F Moorman Living Trust

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
Jenkins Jared A $110,000 None Listed On Document
Moorman Donald F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jenkins Jared A $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $110,000 +0.1% $60 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $109,900 -- $60 / 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
2024 $2,609 $47,100 $0 $0
2023 $1,158 $42,200 $0 $0
2022 $1,948 $38,400 $0 $0
2021 $1,859 $35,500 $0 $0
2020 $1,893 $32,800 $0 $0
2019 $1,860 $28,500 $0 $0
2018 -- $28,400 $0 $0
2017 -- $28,000 $0 $0
2016 -- $28,000 $0 $0
2015 -- $27,700 $0 $0
2014 -- $27,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Howie Ebenhoeh

    Seller's Agent in 2022

    Howie Ebenhoeh

    RE/MAX Michigan

    (989) 845-4610

    268 Total Sales

    Howie Ebenhoeh
    Section Image
  • Nicole Devereaux

    Seller Co-Listing Agent in 2022

    Nicole Devereaux

    RE/MAX Michigan

    (989) 545-1511

    39 Total Sales

    Nicole Devereaux
    Section Image
  • Sada Mcniel

    Buyer's Agent in 2022

    Sada Mcniel

    ERA Prime Real Estate Group

    (810) 247-0370

    154 Total Sales

    Sada Mcniel
    Section Image
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Map

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Source: Michigan Multiple Listing Service

MLS Number: 50075429

Michigan Multiple Listing Service

APN: 050-660-017-003-00

Michigan Shiawassee County Owosso 48867

1108 W Main St, Owosso, MI

Homes for Sale in Owosso, MI

This home is located at 1108 W Main St, Owosso, MI 48867 since 23 May 2022 and is currently estimated at $134,891, approximately $73 per square foot. This property was built in 1945. 1108 W Main St is a home located in Shiawassee County with nearby schools including Owosso High School, Salem Lutheran School, and St. Paul School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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