NOT LISTED FOR SALE

116 W Oak St Ovid, MI 48866

Estimated Value: $124,000 - $145,000

4 Beds
2 Baths
1,336 Sq Ft
$100/Sq Ft Est. Value

Last Sold November 29, 2021

Last sale price $105,000 $79 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $891/month

81 Days on Market

Highlights

  • Traditional Architecture
  • Cooling Available
  • Forced Air Heating System
  • Ovid-Elsie High School Rated 10
  • Laundry Room
  • 2-minute walk to Ovid City Park

About This Home

As of November 2021

Welcome to 116 W Oak St! This property consists of 2 units and is located in charming Ovid, MI. The lower unit features an enclosed front porch and consists of 2 bedrooms and 1 bath. The updated kitchen offers newer cabinets, counters, and flooring. This unit has new paint throughout and has an updated full bath with a new sink, vanity, tub/shower, and toilet. The upstairs unit consists of 1 bedroom, 1 full bath, and is currently rented. This is a great opportunity to live in a renovated unit while building equity. This property could also be easily converted back to a single family home with 3 bedrooms and 2 full baths!

Last Agent to Sell the Property

Brock Fletcher

Keller Williams Realty Lansing License #6506042510 Listed on: 07/27/2021

Keller Williams Realty Lansing

Last Buyer's Agent

Kari Dickenson

RE/MAX Real Estate Professionals Dewitt License #6506045709

RE/MAX Real Estate Professionals Dewitt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,691

Year Built

  • Built in 1880

Lot Details

  • 5,837 Sq Ft Lot
  • Lot Dimensions are 50x117
  • Level Lot
  • Back Yard

Home Design

  • Traditional Architecture
  • Stone Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,336 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry on main level

Basement

  • Michigan Basement
  • Dirt Floor

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • On-Street Parking

Location

  • City Lot

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,691

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Tax Year: 2020
  • Levels: Two
  • Year Built: 1880
  • Lot Size Acres: 0.13
  • Lot Size: 50x117
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1336.0
  • Architectural Style: Traditional
  • General Property Info:Lot Size Dimensions: 50x117
  • General Property Info:Above Grade Finished Area: 1336.0
  • Laundry Features:Main Level: Yes
  • Levels:Two2: Yes
  • Flooring:Carpet: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Laundry Features:Laundry Room: Yes
  • Flooring:Vinyl2: Yes
  • Architectural Style:Traditional: Yes
  • Tax Info:Taxes2: 1691.49
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 2 Story Dublex
  • General Property Info:_pound_ of Units: 2
  • Foundation Details:Stone4: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Dirt Floor, Michigan
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Vinyl
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes
  • Basement:Dirt Floor: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Lot Features: Back Yard, City Lot, Level
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Patio And Porch Features: Other
  • Construction Type: Vinyl Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Level: Yes
  • Patio Porch Features:Other6: Yes

Garage/Parking

  • Parking Features: Driveway, Gravel, On Street
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s)
  • Electric: 100 Amp Service
  • LaundryFeatures: Laundry Room, Main Level
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Ovid-Elsie

Lot Info

  • Lot Size Sq Ft: 5837.04
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 9607

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Dec 7, 2021
Sold by
Feldpausch Scott Alan
Bought by
Feldpausch Properties Llc
Seller's Agent
Brock Fletcher
Keller Williams Realty Lansing
Buyer's Agent
Kari Dickenson
RE/MAX Real Estate Professionals Dewitt
List Price
$115,000
Sold Price
$105,000
Premium/Discount to List
-$10,000
-8.7%
Current Estimated Value
$141,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,869
Avg. Annual Appreciation
5.85%
Original Mortgage
$99,750
Outstanding Balance
$91,719
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$41,282

Purchase Details

Listed on
Jul 27, 2021
Closed on
Nov 29, 2021
Sold by
Fabus Katrina and Johnson Katrina
Bought by
Feldpausch Scott
Seller's Agent
Brock Fletcher
Keller Williams Realty Lansing
Buyer's Agent
Kari Dickenson
RE/MAX Real Estate Professionals Dewitt
List Price
$115,000
Sold Price
$105,000
Premium/Discount to List
-$10,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Outstanding Balance
$91,719
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$41,282

Purchase Details

Closed on
Jul 16, 2009
Sold by
Coleman Joseph J and Coleman Carol J
Bought by
Johnson Katrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,949
Interest Rate
5.32%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Feldpausch Properties Llc -- None Available
Feldpausch Scott $105,000 Ata National Title Group Llc
Johnson Katrina $58,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feldpausch Scott $99,750
Previous Owner Johnson Katrina $56,949
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2021 11/29/21 Sold $105,000 -4.5% $79 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
08/10/2021 08/10/21 Price Changed $109,900 -4.4% $82 / Sq Ft
07/27/2021 07/27/21 For Sale $115,000 -- $86 / Sq Ft
Source: Greater Lansing Association of Realtors®

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 $1,842 $48,000 $2,500 $45,500
2024 $10 $41,900 $2,500 $39,400
2023 $975 $37,500 $0 $0
2022 $1,669 $32,200 $2,500 $29,700
2021 $1,726 $29,900 $2,300 $27,600
2020 $1,691 $36,800 $2,300 $34,500
2019 $1,638 $29,800 $2,000 $27,800
2018 $1,604 $28,100 $2,000 $26,100
2017 -- $29,000 $2,000 $27,000
2016 -- $26,400 $1,900 $24,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 257974

Greater Lansing Association of Realtors®

APN: 580-000-022-018-00