NOT LISTED FOR SALE

116 E Downie St Alma, MI 48801

Estimated Value: $108,000 - $194,701

4 Beds
2 Baths
2,400 Sq Ft
$68/Sq Ft Est. Value

Last Sold July 23, 2018

Last sale price $57,500 $24 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $1,061/month

104 Days on Market

Highlights

  • Covered Patio or Porch
  • Wood Siding
  • 3-minute walk to Alma Dam
  • Forced Air Heating and Cooling System

About This Home

As of July 2018

Two units for the price of one! This duplex is in a prime location within a half of block from downtown Alma and plenty of parking with the nearby city parking lots. Each unit has two bedrooms, one bathroom, living room, dining room, kitchen, front glass enclosed porch, covered back deck, and basement. One unit is currently rented and the tenant is paying $500 per month on a month to month basis. The other unit was completed renovated within the past year and is vacant. Think of the investment possibilities with renting both units for $500-$600 per month or living in one side while the tenant is paying your mortgage!

Last Agent to Sell the Property

Jayson Sumerix

CENTURY 21 LEE-MAC REALTY License #6502406586 Listed on: 04/04/2018

CENTURY 21 LEE-MAC REALTY

Last Buyer's Agent

Kristine Olejniczak

EXP REALTY - THE CARRIE T COLLECTION License #6501345374

EXP REALTY - THE CARRIE T COLLECTION

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 80 x 66
  • The community has rules related to zoning restrictions

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story
  • Estimated Year Built: 1908
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1908
  • Year Renovated: 2018

Interior Features

  • Appliances Equipment: Natural Gas Water Heater
  • Range: R 3W
  • Total Finished Sf Apx: 2400

Exterior Features

  • Exterior Features: Sidewalk, Porch, Covered Porch
  • Exterior Finish: Wood, Brick
  • Foundation: Full
  • Number Of Acres: 0.13
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air

Lot Info

  • Lot Dimensions: 80 x 66
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: 1726.11
  • Total Taxes: 1801.05
  • Winter Taxes: 74.94
  • Year Winter: 2016

Multi Family

  • Total Number Units: 2

MLS Schools

  • School District: Alma Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2018
Closed on
Aug 7, 2018
Sold by
Thibodeau Zachery
Bought by
Lizmar Investment Llc
Seller's Agent
Jayson Sumerix
CENTURY 21 LEE-MAC REALTY
Buyer's Agent
Kristine Olejniczak
EXP REALTY - THE CARRIE T COLLECTION
List Price
$65,000
Sold Price
$57,500
Premium/Discount to List
-$7,500
-11.54%
Current Estimated Value
$162,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,425
Avg. Annual Appreciation
14.85%

Purchase Details

Listed on
Apr 4, 2018
Closed on
Jul 24, 2018
Sold by
Zachary Thibodeau
Bought by
Lizmar Investment Llc
Seller's Agent
Jayson Sumerix
CENTURY 21 LEE-MAC REALTY
Buyer's Agent
Kristine Olejniczak
EXP REALTY - THE CARRIE T COLLECTION
List Price
$65,000
Sold Price
$57,500
Premium/Discount to List
-$7,500
-11.54%

Purchase Details

Closed on
Jul 1, 1998
Bought by
Koch

Purchase Details

Closed on
Jun 14, 1990
Bought by
Harold Mitchell
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

Date Buyer Sale Price Title Company
Lizmar Investment Llc -- None Available
Lizmar Investment Llc $57,500 --
Koch $65,000 --
Harold Mitchell $28,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/23/2018 07/23/18 Sold $57,500 -2.4% $24 / Sq Ft
06/19/2018 06/19/18 Price Changed $58,900 -5.8% $25 / Sq Ft
04/26/2018 04/26/18 Price Changed $62,500 -3.8% $26 / Sq Ft
04/04/2018 04/04/18 For Sale $65,000 +42.9% $27 / Sq Ft
05/13/2016 05/13/16 Sold $45,500 -13.3% $19 / Sq Ft View Prior Sale
04/01/2016 04/01/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $52,500 -- $22 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $2,579 $92,100 $0 $0
2024 $2,579 $79,200 $0 $0
2023 $171 $73,600 $0 $0
2020 -- $58,100 $0 $0
2019 -- $30,500 $0 $0
2018 -- $42,100 $0 $0
2017 -- $38,900 $0 $0
2016 -- $32,100 $0 $0
2015 -- $30,400 $0 $0
2014 -- $29,500 $0 $0
2013 -- $29,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jayson Sumerix

    Seller's Agent in 2018

    Jayson Sumerix

    CENTURY 21 LEE-MAC REALTY

    (989) 620-0350

    78 in this area

    180 Total Sales

    Jayson Sumerix
    Section Image

  • K

    Buyer's Agent in 2018

    Kristine Olejniczak

    EXP REALTY - THE CARRIE T COLLECTION

    Section Image
  • Susan Smoker

    Seller's Agent in 2016

    Susan Smoker

    CENTURY 21 LEE-MAC REALTY

    (989) 576-1627

    25 in this area

    62 Total Sales

    Susan Smoker
    Section Image
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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1844526

Northern Great Lakes REALTORS® MLS

APN: 51-344-579-00

Michigan Gratiot County Alma 48801

116 E Downie St, Alma, MI

Not Listed for Sale

MultiFamily

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Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

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