NOT LISTED FOR SALE

116 Park Place W Adrian, MI 49221

Estimated Value: $121,000 - $136,000

3 Beds
1 Bath
1,800 Sq Ft
$73/Sq Ft Est. Value

Last Sold January 17, 2012

Last sale price $34,900 $19 Per Sq Ft

Est. 276% increase in value since last sale

Current estimated payment $866/month

233 Days on Market

Highlights

  • Porch
  • Wood Siding
  • 2-minute walk to Monument Park
  • Forced Air Heating and Cooling System

About This Home

As of January 2012

Wow! What a great income property. Live in half and rent the other! All natural woodwork and pocket doors. Vacant with immediate possession.

Last Agent to Sell the Property

Shirley Smith

Howard Hanna Real Estate Services-Adrian License #LCAR-6501316892 Listed on: 04/29/2011

Howard Hanna Real Estate Services-Adrian

Last Buyer's Agent

Shirley Smith

Howard Hanna Real Estate Services-Adrian License #LCAR-6501316892 Listed on: 04/29/2011

Howard Hanna Real Estate Services-Adrian

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60x105

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Additional Features

  • Porch
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XAO-515-0110-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1900
  • Mail City: Adrian
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Estimated Sq Ft: 1800

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Frontage: 60
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessments: Yes
  • Assessor Parcel Number: XAO-515-0110-00
  • Lot Dimensions: 60x105
  • Acreage: 0.14
  • Zoning: Multi-Family

Tax Info

  • Summer Tax: Amount: $1,756.39
  • Winter Tax: Amount: $662.64
  • Taxable Value: 37400
  • Total Tax: Year: 2011, Amount: $2,419.03
  • SEV Year: 2011

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2011
Closed on
Dec 2, 2011
Sold by
Skinner Kraig and Skinner Kraig Lewis
Bought by
Max G Soto And Theresa E Soto Trust
Seller's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
Buyer's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
List Price
$49,900
Sold Price
$34,900
Premium/Discount to List
-$15,000
-30.06%
Current Estimated Value
$131,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,460
Avg. Annual Appreciation
10.27%

Purchase Details

Listed on
Apr 29, 2011
Closed on
Nov 30, 2011
Sold by
Skinner Sandra Kay
Bought by
Skinner Kraig and Skinner Kraig Lewis
Seller's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
Buyer's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
List Price
$49,900
Sold Price
$34,900
Premium/Discount to List
-$15,000
-30.06%

Purchase Details

Closed on
Nov 14, 2011
Sold by
First Federal Bank Of The Midwest
Bought by
Fannie Mae and Federal National Mortgage Association
Source: Public Records

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    Section Image

Range of Values:

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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
Max G Soto And Theresa E Soto Trust $34,900 None Available
Skinner Kraig -- None Available
Fannie Mae -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Skinner Kraig $72,000
Previous Owner Skinner Kraig L $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2012 01/17/12 Sold $34,900 -30.1% $19 / Sq Ft
12/18/2011 12/18/11 Pending -- -- --
04/29/2011 04/29/11 For Sale $49,900 -- $28 / Sq Ft
Source: Michigan Multiple Listing Service

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
2024 $1,607 $48,500 $0 $0
2023 $2,016 $45,000 $0 $0
2022 $3,316 $41,300 $0 $0
2021 $1,675 $36,200 $0 $0
2020 $1,664 $34,400 $0 $0
2019 $75,899 $31,200 $0 $0
2018 $1,604 $39,120 $0 $0
2017 $1,559 $27,699 $0 $0
2016 $1,546 $25,900 $0 $0
2014 -- $27,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20008450

Michigan Multiple Listing Service

APN: XA0-515-0110-00