NOT LISTED FOR SALE

118 Sherman St Elberta, MI 49628

Estimated Value: $193,000 - $257,840

3 Beds
3 Baths
1,460 Sq Ft
$164/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $110,000 $75 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,568/month

447 Days on Market

Highlights

  • Bay View
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Deck
  • Porch
  • Baseboard Heating

About This Home

As of September 2017

Great INVESTMENT PROPERTY in the Village of Elberta. Side by side duplex with shared laundry and extra storage. Potential for an additional unit in lower level laundry area. There is also an 1800 square foot pole building on the property that could be rented for additional income. Both units are currently rented. This is a great location in up and coming Elberta. Located across from the Betsie Bay and within walking distance to shops, restaurants, parks and marinas as well as the Betsie Trail.

Last Agent to Sell the Property

Benjamin Ewing

Ewing Realty LLC License #6502411657 Listed on: 06/06/2016

Last Buyer's Agent

MEMBER NON

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,969

Year Built

  • Built in 1980

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 119x119
  • The community has rules related to zoning restrictions

Property Views

  • Bay
  • Seasonal

Home Design

  • 1,460 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Partial Basement

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Schools

  • Frankfort Elementary School
  • Frankfort High Middle School
  • Frankfort High School

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Natural Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • 2 Units
  • Village Of Elberta Community

Listing and Financial Details

  • Rent includes snow removal, heating/cooling, electric, management fee, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,969

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (Side X Side)
  • Style: Ranch
  • Estimated Year Built: 1980
  • Construction: Frame
  • Section Number: 34
  • Year Updated: 2014
  • Year Renovated: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Washer, Dryer, Exhaust Fan, Natural Gas Water Heater
  • Price Per Sq Ft: 75.34
  • Range: R 18W
  • Total Finished Sf Apx: 1460

Exterior Features

  • Exterior Features: Bay View, Deck, Seasonal View, Porch, Gutters
  • Exterior Finish: Vinyl Siding
  • Foundation: Walkout, Partial, Block
  • Number Of Acres: 0.33
  • Road: Public Maintained
  • Roof: Asphalt
  • Water Features: Water View

Garage/Parking

  • Primary Garage: Pole Construction

Utilities

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

Association/Amenities

  • Development Name: Village of Elberta

Schools

  • School District: Frankfort-Elberta Area Schools
  • Elementary School: Frankfort Elementary School
  • Middle School: Frankfort High School
  • High School: Frankfort High School

Lot Info

  • Lot Dimensions: 119x119
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Included In Lease: Snow Removal, Heating/Cooling, Electric, Management Fee, Water, Sewer

Tax Info

  • Taxable Value: 36360

Multi Family

  • Total Number Units: 2

MLS Schools

  • Elementary School: Frankfort Elementary School
  • HighSchool: Frankfort High School
  • School District: Frankfort-Elberta Area Schools
  • Middle School: Frankfort High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2016
Closed on
Sep 29, 2017
Sold by
Sullivan William J Trust
Bought by
P & C Holdings Llc
Seller's Agent
Benjamin Ewing
Ewing Realty LLC
Buyer's Agent
MEMBER NON
NON MEMBER
List Price
$134,900
Sold Price
$110,000
Premium/Discount to List
-$24,900
-18.46%
Current Estimated Value
$239,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,057
Source: Public Records

Range of Values:

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Average Value
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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
P & C Holdings Llc $110,000 Mid American Title Agency
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $110,000 -18.5% $75 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
06/06/2016 06/06/16 For Sale $134,900 -- $92 / 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 $2,969 $91,000 $0 $0
2024 $2,281 $83,300 $0 $0
2023 $2,176 $77,000 $0 $0
2022 -- $100,900 $0 $0
2021 -- $83,300 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2011 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1817845

Northern Great Lakes REALTORS® MLS

APN: 06-501-052-00