NOT LISTED FOR SALE

Estimated Value: $160,000 - $190,260

4 Beds
4 Baths
3,624 Sq Ft
$48/Sq Ft Est. Value

Sale Details

Date Sold: July 18, 2024

Last sale price $150,000 $41 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,115 / mo

22 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Dogs and Cats Allowed
  • Porch
  • Laundry Facilities

About This Home

As of July 2024

The benefit of this propert is great CASH FLOW potential! With over 900 sq ft each these 4 spacious 1 bedroom units should easily rent for $825+. Experienced investors will appreciate that all utilities including water are separately metered and paid by the tenants. The property consists of 2 buildings with 2 units in each and 2 sheds. Each unit has one dedicated off street parking spot. Two of the furnaces are recently updated. All units are currently occupied on a month-to-month basis. Please do not approach tenants.

Last Agent to Sell the Property

Scott McDonald

Century 21 Professionals Livonia License #6506048522 Listed on: 04/06/2024

Last Buyer's Agent

Jim Shaffer

Good Company License #6502380733

Good Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 2004

Lot Details

  • 11,761 Sq Ft Lot
  • Lot Dimensions are 66.00 x 180.00

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Ranch Style House
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 3,624 Sq Ft Home
  • Crawl Space

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 1327477031
  • $2,500 Seller Concession

Community Details

Overview

  • 4 Units
  • S/P Jacobs Farm Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,780

Year Built

Built in 2004

Lot Details

0.27 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Ranch
  • Architecture Level: 1 Story
  • Year Built: 2004
  • State Equalized Value: 69230.0000
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Total Sq Ft: 3624

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 10400.00

Lot Info

  • Lot Size Area: 0.27
  • Lot Dimensions: 66.00 x 180.00
  • Parcel Number: 1327477031
  • Zoning: Multi-Family, Residential

Rental Info

  • Rent Includes: Yard Maintenance
  • Monthly Rental Income: 3300

Tax Info

  • Tax Amount Summer: 2724.0000
  • Tax Amount Winter: 56.0000
  • Total Tax: 2780.0000
  • Taxable Value: 38448.0000

Multi Family

  • Gross Scheduled Income: 39600.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Van Dyke

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

Listed on
Apr 6, 2024
Closed on
Jul 16, 2024
Sold by
Bought by
Seller's Agent
Scott McDonald
Century 21 Professionals Livonia
Buyer's Agent
Jim Shaffer
Good Company
List Price
$299,900
Sold Price
$150,000
Premium/Discount to List
-$149,900
-49.98%
Views
101
Current Estimated Value
$173,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,315
Avg. Annual Appreciation
7.41%
Original Mortgage
$112,500
Interest Rate
0.0695%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2013
Closed on
Jan 3, 2014
Sold by
Bought by
Seller's Agent
Tim Vagasky
Real Estate One-Troy
Buyer's Agent
Virginia Vartanian
Signature Sotheby's International Realty Nvl
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.14%
Original Mortgage
$45,000
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$150,000 Coretitle
$60,000 Interstate Title Inc
$30,000 --
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 $112,500
Previous Owner $45,000
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
07/18/2024 07/18/24 Sold $150,000 -50.0% $41 / Sq Ft
04/28/2024 04/28/24 Pending -- -- --
04/06/2024 04/06/24 For Sale $299,900 +149.9% $83 / Sq Ft
01/06/2014 01/06/14 Sold $120,000 -7.7% $66 / Sq Ft View Prior Sale
12/01/2013 12/01/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $130,000 -- $72 / Sq Ft
Source: Realcomp

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
2026 $6,235 $90,500 $0 $0
2025 $6,103 $87,290 $0 $0
2024 $29 $78,480 $0 $0
2023 $2,724 $69,230 $0 $0
2022 $2,669 $59,920 $0 $0
2021 $2,607 $57,240 $0 $0
2020 $2,547 $52,600 $0 $0
2019 $2,480 $49,670 $0 $0
2018 $2,448 $52,920 $0 $0
2017 $2,409 $50,120 $5,440 $44,680
2016 $2,390 $50,120 $0 $0
2015 -- $32,450 $0 $0
2013 $3,988 $29,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240020798

Realcomp

APN: 12-13-27-477-031

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