NOT LISTED FOR SALE

Estimated Value: $262,000 - $284,000

4 Beds
3.5 Baths
1,725 Sq Ft
$158/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $245,000 $142 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,957/month

24 Days on Market

About This Home

As of June 2023

Captivating multi-unit duplex in desirable location with convenient access to universities and downtown Ypsilanti. 3 bedrooms and 1.5 bathrooms in upper unit, 1 bedroom and 1 bathroom in the lower unit. Partially finished basement with bathroom and laundry room. Impeccable condition, combined with high demand for accommodation in the area keeps the property tenant occupied round the year. You can have the luxury of living in one unit of this admirable property and lease the other unit (or both), providing consistent cash flow of passive income. Unit 1 is currently tenant occupied. Need 48 hrs. notice for showing.

Last Agent to Sell the Property

Cepha Nixon

Real Estate One-Ypsilanti License #6501431016 Listed on: 04/21/2023

Real Estate One-Ypsilanti

Last Buyer's Agent

Justine Anthony

Coldwell Banker Realty License #6501417406

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 35.00 x 54.00

Parking

  • Unassigned Parking

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,725 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Net Metering or Smart Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 111140416003
  • $12,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Stucks Add Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 3 Story
  • Year Built: 1916
  • State Equalized Value: 81900.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Utility Smart Meter
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1725
  • Total Sq Ft: 1725
  • Sq Ft Total Bsmt: 626

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl, Wood
  • Foundation Materials: Block
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General

Utilities

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

Schools

  • School District: Ypsilanti

Lot Info

  • Lot Size Area: 0.04
  • Lot Dimensions: 35.00 x 54.00
  • Parcel Number: 111140416003
  • Zoning: Multi-Family, Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2250

Tax Info

  • Tax Amount Summer: 6450.0000
  • Tax Amount Winter: 268.0000
  • Total Tax: 6718.0000
  • Taxable Value: 78877.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • Number Of Units Leased: 1

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Jun 2, 2023
Sold by
Patel Krupa
Bought by
Koontz Julian D and Atterholdt Kristina S
Seller's Agent
Cepha Nixon
Real Estate One-Ypsilanti
Buyer's Agent
Justine Anthony
Coldwell Banker Realty
List Price
$249,000
Sold Price
$245,000
Premium/Discount to List
-$4,000
-1.61%
Views
115
Current Estimated Value
$272,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,084
Avg. Annual Appreciation
5.75%
Original Mortgage
$208,250
Outstanding Balance
$203,376
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$75,247

Purchase Details

Listed on
Aug 6, 2018
Closed on
Oct 25, 2018
Sold by
Scherer & Gavas Llc
Bought by
Patel Krupa
Seller's Agent
Jeff Scherer
Century 21 Affiliated
Buyer's Agent
Vishal Goel
Keller Williams Ann Arbor Mrkt
List Price
$159,900
Sold Price
$142,400
Premium/Discount to List
-$17,500
-10.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.49%

Purchase Details

Closed on
Nov 7, 2006
Sold by
Scherer Charles and Gavas Steve
Bought by
Scherer & Gavas Llc
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
Koontz Julian D $245,000 None Listed On Document
Koontz Julian D $245,000 None Listed On Document
Patel Krupa $142,400 Devon Title Agency
Scherer & Gavas Llc -- Fatic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koontz Julian D $208,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2023 06/02/23 Sold $245,000 -1.6% $142 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $249,000 +74.9% $144 / Sq Ft
10/25/2018 10/25/18 Sold $142,400 -10.9% --
10/17/2018 10/17/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $159,900 -- --
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 $6,242 $109,100 $0 $0
2024 $6,242 $102,100 $0 $0
2023 $6,503 $93,800 $0 $0
2022 $6,718 $81,900 $0 $0
2021 $6,599 $79,000 $0 $0
2020 $6,747 $78,800 $0 $0
2019 $6,512 $73,900 $73,900 $0
2018 $4,009 $63,800 $0 $0
2017 $3,927 $60,800 $0 $0
2016 $3,976 $45,968 $0 $0
2015 -- $45,831 $0 $0
2014 -- $44,400 $0 $0
2013 -- $44,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230027878

Realcomp

APN: 11-40-416-003