NOT LISTED FOR SALE

117 Teft Rd Spring Arbor, MI 49283

Estimated Value: $174,000 - $186,000

-- Bed
-- Bath
-- Sq Ft
0.29 Acres

Last Sold July 01, 2021

Last sale price $133,000

Est. 36% increase in value since last sale

Current estimated payment $1,157/month

6 Days on Market

About This Home

As of July 2021

Location, Location , Location. Newly updated and renovated duplex in the heart of Spring Arbor with great income potential! Very close to the SA University and in Western Schools, drawing many potential renters. Maintenance free exterior, three off street parking spots for the large unit and two for the smaller unit. Both are currently occupied with tenants. Large semi fenced in backyard overlooking park and Warner Elementary School. New walking path being installed across the street for easy access to Lime Lake and linking the Falling Waters main pathway. Unit 1- 3 Bedroom, 1 full bath with all appliances and basement for storage and a very cute Unit 2- 1 Bedroom, 1 Bath.

Last Agent to Sell the Property

Molly Kennedy

C-21 Affiliated - Jackson License #6501371827 Listed on: 05/11/2021

Co-Listed By

John O'Dowd

JOD REAL ESTATE GROUP License #6506048727

Last Buyer's Agent

Christy Cottingham

ERA REARDON REALTY, L.L.C. License #6501392484

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,893

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 76x175

Home Design

  • Vinyl Siding

Basement

  • Partial Basement

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for trash collection, gas
  • The owner pays for water

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,482
  • Net Operating Income $32,322

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,893

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 76x175
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 1893.45
  • Waterfront Options:Water Access YN: No Water Selection
  • General Property Info:Total _pound_ Units: 2
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Location Property Info:Subdivision2: none
  • Heat Type:Space Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 144900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes

Utilities

  • Heating: Space Heater, Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Association Info:Assoc Fee Payable: None

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Dimensions: 76x175
  • Lot Size Sq Ft: 12632.4
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Net Operating Income: 32322.0
  • Number of Units Total: 2
  • Operating Expense: 3482.0

Tax Info

  • Tax Annual Amount: 1893.45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jul 6, 2021
Sold by
Sinkovitz Matthew Peter and Sinkovitz Elizabeth
Bought by
Beckman Jeffrey and Beckman Morgan
Seller's Agent
Molly Kennedy
C-21 Affiliated - Jackson
Buyer's Agent
Christy Cottingham
ERA REARDON REALTY, L.L.C.
Sold Price
$133,000
Current Estimated Value
$181,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,117
Avg. Annual Appreciation
6.68%
Original Mortgage
$97,500
Outstanding Balance
$88,466
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$89,436

Purchase Details

Listed on
Sep 8, 2017
Closed on
Jan 12, 2018
Sold by
Cantrell Michael S and Cantrell Nicole A
Bought by
Sinkovitz Matthew Peter and Sinkovitz Elizabeth
Seller's Agent
DOUGLAS DEMOTT
LEFERE REALTY
Buyer's Agent
John O'Dowd
C-21 Affiliated - Jackson
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.92%
Original Mortgage
$48,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2007
Sold by
Janes Raymond J and Janes Patricia S
Bought by
Cantrell Michael S and Cantrell Nicole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
6.71%
Mortgage Type
New Conventional
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
Beckman Jeffrey $133,000 None Available
Sinkovitz Matthew Peter $65,000 None Available
Cantrell Michael S $82,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beckman Jeffrey $97,500
Previous Owner Sinkovitz Matthew Peter $48,750
Previous Owner Cantrell Michael S $61,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2021 07/01/21 Sold $133,000 +104.6% --
05/17/2021 05/17/21 Pending -- -- --
01/12/2018 01/12/18 Sold $65,000 -- -- View Prior Sale
12/04/2017 12/04/17 Pending -- -- --
Source: MichRIC

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 $2,495 $70,900 $0 $0
2024 $1,782 $66,800 $0 $0
2023 $1,745 $60,400 $0 $0
2022 $2,267 $39,600 $0 $0
2021 $1,917 $36,720 $0 $0
2020 $1,893 $34,150 $0 $0
2019 $1,822 $32,000 $0 $0
2018 $1,303 $25,280 $2,420 $22,860
2017 $1,246 $29,540 $0 $0
2016 $914 $23,360 $23,360 $0
2015 $21,325 $24,920 $24,920 $0
2014 $21,325 $22,280 $0 $0
2013 -- $22,280 $22,280 $0
Source: Public Records

Agents Affiliated with this Home

  • Molly Kennedy

    Seller's Agent in 2021

    Molly Kennedy

    C-21 Affiliated - Jackson

    (517) 888-0050

    1 in this area

    57 Total Sales

    Molly Kennedy
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John O'Dowd

    JOD REAL ESTATE GROUP

  • C

    Buyer's Agent in 2021

    Christy Cottingham

    ERA REARDON REALTY, L.L.C.

    (517) 937-0826

    27 in this area

    92 Total Sales

    Christy Cottingham
    Section Image

  • D

    Seller's Agent in 2018

    DOUGLAS DEMOTT

    LEFERE REALTY

    (517) 740-3320

    107 Total Sales

    DOUGLAS DEMOTT
    Section Image
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Map

Source: MichRIC

MLS Number: 21095241

MichRIC

APN: 000-12-16-381-005-02

Michigan Jackson County Spring Arbor 49283

117 Teft Rd, Spring Arbor, MI

Not Listed for Sale

MultiFamily

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