Seller's Agent in 2024
Jeffry Kermath
Kermath Realty LLC
(734) 649-4903
3 in this area
621 Total Sales
114 Irwin Ave Albion, MI 49224
Estimated Value: $129,000 - $176,000
3
Beds
2
Baths
--
Sq Ft
9,060
Sq Ft Lot
Highlights
- Corner Lot: Yes
- Forced Air Heating System
- High Speed Internet
About This Home
As of October 2024SELLER WILLING TO DO OWNER FINANCING. Impeccably maintained duplex boasting old world charm and updated modern amenities. From the moment you walk in, you are greeted by vaulted ceilings, beautiful hardwood flooring, large windows allowing for spacious sun filled rooms where shadows dance from the towering oak trees outside. The corner lot is large and situated among other large estates on Irwin Avenue boasting manicured yards and pride of ownership. This incredible property has vinyl siding, new furnaces, separated utilities with exception of water and long term tenants who are stable and pay rent on time. The upstairs had a total remodel in 2020 and downstairs is tastefully done with happy tenants. Cash flow is king with rents at $850 for the lower unit and $800 upstairs. Based on rental comparables, rents have room for improvement. If you are looking for a turn key, solid investment with strong cash flow, this property is a very strong contender.
Last Agent to Sell the Property
Kermath Realty LLC License #6502334057 Listed on: 05/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,600
Year Built
- Built in 1900
Lot Details
- 9,060 Sq Ft Lot
- Lot Dimensions are 83x109
- Corner Lot: Yes
Home Design
- Composition Roof
- Vinyl Siding
Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Unpaved Driveway
- Unpaved Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Phone Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electric, water, gas
- The owner pays for trash collection, water
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $2,500
- Gross Income $19,800
- Net Operating Income $17,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2024
Closed on
Oct 15, 2024
Sold by
Buffington Michael N
Bought by
Bryant Shawn and Bryant Meriah
Seller's Agent
Jeffry Kermath
Kermath Realty LLC
Buyer's Agent
Breanne Speer
RE/MAX Perrett Associates - Marshall
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,822
Avg. Annual Appreciation
10.62%
Purchase Details
Listed on
Sep 30, 2020
Closed on
Nov 12, 2020
Sold by
Victor R Zeuzem & Phyllis R Dulaney 1993
Bought by
Buffington Michael N
Seller's Agent
Joseph Verbeke
NextHome ACE Real Estate Services
Buyer's Agent
Joseph Verbeke
NextHome ACE Real Estate Services
List Price
$95,000
Sold Price
$85,000
Premium/Discount to List
-$10,000
-10.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Original Mortgage
$63,750
Outstanding Balance
$56,728
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$102,094
Purchase Details
Listed on
Oct 11, 2018
Closed on
Feb 20, 2019
Sold by
Shafter Rex E
Bought by
Zeuzem Victor R and Dulancy Phyllis R
Seller's Agent
Linda Waito
Real Estate One Rosemary Davis
Buyer's Agent
David Moran
Berkshire Hathaway HomeServices Michigan Real Estate
List Price
$66,900
Sold Price
$62,000
Premium/Discount to List
-$4,900
-7.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.01%
Original Mortgage
$46,500
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2007
Sold by
Shaffer Debra J and Shaffer Rex E
Bought by
Shaffer Rex E
Purchase Details
Closed on
Dec 10, 1998
Sold by
Nichols Robert
Bought by
Shaffer Rex and Shaffer Debra J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bryant Shawn | -- | None Listed On Document | |
| Bryant Shawn | -- | None Listed On Document | |
| Buffington Michael N | $85,000 | None Available | |
| Zeuzem Victor R | $62,000 | Devon Title Co | |
| Shaffer Rex E | -- | None Available | |
| Shaffer Rex | $55,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Buffington Michael N | $63,750 | |
| Previous Owner | Zeuzem Victor R | $46,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/15/2024 10/15/24 | Sold | $140,000 | -6.7% | -- | |
| 08/20/2024 08/20/24 | Pending | -- | -- | -- | |
| 05/24/2024 05/24/24 | For Sale | $150,000 | +76.5% | -- | |
| 11/12/2020 11/12/20 | Sold | $85,000 | -10.5% | -- | View Prior Sale |
| 10/03/2020 10/03/20 | Pending | -- | -- | -- | |
| 09/30/2020 09/30/20 | For Sale | $95,000 | +53.2% | -- | |
| 02/20/2019 02/20/19 | Sold | $62,000 | -7.3% | -- | View Prior Sale |
| 12/19/2018 12/19/18 | Pending | -- | -- | -- | |
| 10/11/2018 10/11/18 | For Sale | $66,900 | -- | -- |
Source: MichRIC
Tax History Compared to Growth
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 | $3,138 | $71,700 | $0 | $0 |
| 2024 | $1,534 | $68,100 | $0 | $0 |
| 2023 | $2,697 | $58,500 | $0 | $0 |
| 2022 | $1,392 | $49,300 | $0 | $0 |
| 2021 | $2,615 | $40,700 | $0 | $0 |
| 2020 | $2,687 | $41,300 | $0 | $0 |
| 2019 | $1,395 | $38,200 | $0 | $0 |
| 2018 | $1,395 | $34,700 | $10,300 | $24,400 |
| 2017 | $0 | $34,000 | $0 | $0 |
| 2016 | $0 | $31,600 | $0 | $0 |
| 2015 | -- | $20,600 | $0 | $0 |
| 2014 | -- | $29,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffry Kermath
-
Breanne Speer
Buyer's Agent in 2024
Breanne Speer
RE/MAX Michigan
(517) 465-0648
27 in this area
111 Total Sales
-
Joseph Verbeke
Seller's Agent in 2020
Joseph Verbeke
NextHome ACE Real Estate Services
(517) 515-2125
50 in this area
68 Total Sales
-
L
Seller's Agent in 2019
Linda Waito
Real Estate One Rosemary Davis
-
David Moran
Buyer's Agent in 2019
David Moran
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 967-7586
43 Total Sales
Map
Source: MichRIC
MLS Number: 24026154
APN: 51-006-538-00
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Information is deemed reliable but not guaranteed.
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