NOT LISTED FOR SALE

115 Ridgeway St Jackson, MI 49203

King Neighborhood

Estimated Value: $79,421 - $97,000

3 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold May 26, 2014

Last sale price $32,000

Est. 188% increase in value since last sale

Current estimated payment $550/month

162 Days on Market

About This Home

As of May 2014

For the serious investor! This Updated duplex comes with new roof, bathrooms, carpeting and linoleum in 2012. New vinyl windows in 2013. Both units are occupied. Unit one has paid for rent in advance till July 2014. Realize immediate income for this unit! Owner will consider a land contract with decent down payment. A great value!!!

Last Agent to Sell the Property

NATHAN LaZEBNIK

ERA REARDON REALTY, L.L.C. License #6501357434 Listed on: 12/02/2013

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

NATHAN LaZEBNIK

GOOD EARTH REAL ESTATE, LLC License #6501357434

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $750

Lot Details

  • 7,405

Additional Features

  • 7,405 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for water, trash collection

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,338
  • Net Operating Income $22,046

Property Details

Home Type

Apartment

Est. Annual Taxes

$750

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 34200.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection

Multi Family

  • Net Operating Income: 22046.0
  • Number of Units Total: 2
  • Operating Expense: 3338.0

Tax Info

  • Tax Annual Amount: 750.2
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2013
Closed on
Jun 17, 2014
Sold by
Hudson Terrence L and Hudson Tqquanda R
Bought by
Allen Jeffery M
Seller's Agent
NATHAN LaZEBNIK
ERA REARDON REALTY, L.L.C.
Buyer's Agent
NATHAN LaZEBNIK
ERA REARDON REALTY, L.L.C.
Sold Price
$32,000
Current Estimated Value
$92,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,074
Avg. Annual Appreciation
8.82%

Purchase Details

Closed on
Apr 16, 2007
Sold by
Hasche Llc
Bought by
Anglebrandt Scott and Anglebrandt Heidi

Purchase Details

Closed on
Oct 25, 2000
Sold by
Covington Marsena
Bought by
Hampton Basil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
9.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Allen Jeffery M $32,000 Barristers Settlement & Titl
Anglebrandt Scott -- None Available
Hampton Basil $56,543 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hampton Basil $70,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2014 05/26/14 Sold $32,000 +220.0% --
07/19/2012 07/19/12 Sold $10,000 -- -- View Prior Sale
06/27/2012 06/27/12 Pending -- -- --
Source: MichRIC

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 $827 $31,300 $0 $0
2024 $7 $29,900 $0 $0
2023 $686 $25,800 $0 $0
2022 $756 $21,500 $0 $0
2021 $748 $19,200 $0 $0
2020 $739 $17,500 $0 $0
2019 $719 $11,850 $0 $0
2018 $686 $10,000 $0 $0
2017 $629 $9,800 $0 $0
2016 $577 $10,700 $10,700 $0
2015 $602 $10,300 $10,300 $0
2014 $602 $9,700 $9,700 $0
2013 -- $9,700 $9,700 $0
Source: Public Records

Agents Affiliated with this Home

  • NATHAN LaZEBNIK

    Seller's Agent in 2014

    NATHAN LaZEBNIK

    ERA REARDON REALTY, L.L.C.

    (517) 782-2024

    1 in this area

    47 Total Sales

    NATHAN LaZEBNIK
    Section Image

  • P

    Seller's Agent in 2012

    Philip Lefere

    LEFERE REALTY

    (517) 262-3005

    17 Total Sales

    Philip Lefere
    Section Image

  • D

    Buyer's Agent in 2012

    DOUGLAS DEMOTT

    LEFERE REALTY

    (517) 740-3320

    108 Total Sales

    DOUGLAS DEMOTT
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 21032760

MichRIC

APN: 5-110800000

Michigan Jackson County Jackson 49203 King

115 Ridgeway St, Jackson, MI

Not Listed for Sale

MultiFamily

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