NOT LISTED FOR SALE

116 S Mckenzie St Unit 116 1/2 S McKenzie Adrian, MI 49221

Estimated Value: $161,183 - $210,000

4 Beds
2 Baths
2,071 Sq Ft
$87/Sq Ft Est. Value

Last Sold July 22, 2019

Last sale price $88,000 $42 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $1,248/month

143 Days on Market

Highlights

  • Main Floor Bedroom
  • Living Room
  • Ceiling height of 9 feet or more
  • Porch
  • Property is near schools
  • Forced Air Heating System

About This Home

As of July 2019

Great Investment in 116 S McKenzie Duplex that is close to Adrian College! First unit features 3 bedroom, large living room, and first floor laundry. Upper unit features 1 bedroom. Home has just recently been painted on the outside. Easy to rent in a great location! Rent includes utilities. Live in the larger unit and rent the upstairs unit!

Last Agent to Sell the Property

Janis Montalvo

Living In Lenawee Realty, LLC License #LCAR-6502382032 Listed on: 01/02/2019

Co-Listed By

Edward Montalvo

Living In Lenawee Realty, LLC License #LCAR-6501314487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 57x165x27x84x79

Parking

  • 3 Car Parking Spaces

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Living Room
  • Basement
  • Michigan Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Gas Water Heater
  • Internet Available

Additional Features

  • Porch
  • Property is near schools

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-220-4009-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,074

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1900
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 9 Ft + Ceilings, Cable/Internet Avail.
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Dining "L", Formal Dining Room
  • Sub Room Description: Entry, First Floor Bedroom, First Floor Laundry, Living Room, Lower Level Laundry
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2071

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch, Storms/Screens, Street Lights
  • Frontage: 57
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s), Wall/Window A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-220-4009-00
  • Location: Subdivision, Walk To School
  • Lot Dimensions: 57x165x27x84x79
  • Acreage: 0.16
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Water/Sewer, Electric, Gas
  • Lease Information: Month-To-Month, Electric Included, Gas Included, Water Included

Tax Info

  • Summer Tax: Year: 2017, Amount: $1,494.97
  • Winter Tax: Year: 2016, Amount: $578.94
  • Taxable Value: 33500
  • Total Tax: Year: 2016, Amount: $2,073.91
  • SEV Year: 2016

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
Jan 2, 2019
Closed on
Jul 22, 2019
Sold by
Kemerer Mary E
Bought by
Krueger Stephen C
Seller's Agent
Janis Montalvo
Living In Lenawee Realty, LLC
List Price
$89,875
Sold Price
$88,000
Premium/Discount to List
-$1,875
-2.09%
Current Estimated Value
$180,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,046
Avg. Annual Appreciation
12.29%
Original Mortgage
$86,406
Interest Rate
4.75%
Mortgage Type
FHA
Source: Public Records

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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
Krueger Stephen C $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krueger Stephen C $85,557
Closed Krueger Stephen C $86,406
Previous Owner Kemerer Kenneth $14,827
Previous Owner Kemerer Mary E $15,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2019 07/22/19 Sold $88,000 -2.1% $42 / Sq Ft
01/02/2019 01/02/19 For Sale $89,875 -- $43 / 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 $2,938 $68,400 $0 $0
2023 $3,532 $62,300 $0 $0
2022 $2,624 $57,300 $0 $0
2021 $2,578 $52,000 $0 $0
2020 $2,368 $47,600 $0 $0
2019 $101,811 $45,500 $0 $0
2018 $2,152 $53,240 $0 $0
2017 $2,097 $42,336 $0 $0
2016 $2,074 $38,892 $0 $0
2014 -- $34,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31367886

Michigan Multiple Listing Service

APN: XA0-220-4009-00