NOT LISTED FOR SALE

119 E Main Hanover, MI 49241

Estimated Value: $143,000 - $204,000

-- Bed
-- Bath
-- Sq Ft
0.3 Acres

Last Sold May 08, 2015

Last sale price $62,000

Est. 181% increase in value since last sale

Current estimated payment $1,123/month

53 Days on Market

About This Home

As of May 2015

Spacious 2648 Square Foot Grand Victorian Home/Investment Property. This home is currently set up as a 4 unit income property with 2 units on the first floor and 2 on the second. Very well cared for & maintained by the same owners for 37 years. Updates include new vinyl siding (2001), furnaces (unit 1 - 12/09, unit 2 - 9/13, unit 4 - 11/08), new vinyl windows throughout (11/12), new pump & tank (2012), new plumbing throughout the basement (2013), new bathroom floors (units 1 & 2 in 2013), lower kitchen cabinets in units 2-4 (2007). Long term renters that are willing to consider staying if new owner is interested. Seller has never had to advertise if looking for a new renter, has always had word of mouth advertising & never goes without all units being occupied. Renters are responsible for

Last Agent to Sell the Property

Stephanie Bosanac

RE/MAX MID-MICHIGAN R.E. License #6501336455 Listed on: 02/26/2015

RE/MAX MID-MICHIGAN R.E.

Last Buyer's Agent

Amy Gilpin

Production Realty License #6501309873

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1880

Lot Details

  • 0.3

Utilities

  • Forced Air Heating System
  • Well
  • Septic System

Additional Features

  • Crawl Space
  • 0.3 Acre Lot

Community Details

  • Net Operating Income $17,400

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 60000.0
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 13068.0

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Net Operating Income: 17400.0

Tax Info

  • Tax Annual Amount: 1855.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2015
Closed on
May 12, 2015
Sold by
Ahlstrom Colleen B
Bought by
Heath Llc
Seller's Agent
Stephanie Bosanac
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
Amy Gilpin
Production Realty
Sold Price
$62,000
Current Estimated Value
$174,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,233
Avg. Annual Appreciation
10.17%

Purchase Details

Closed on
Jan 26, 2007
Sold by
Ahlstrom Paul A and Ahlstrom Colleen B
Bought by
Ahlstrom Colleen B and The Colleen B Ahlstrom Trust Agreement

Purchase Details

Closed on
Aug 20, 1993
Sold by
Perry Ralph and Perry Roselyn C
Bought by
Ahlstrom Paul A and Ahlstrom Colleen B
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
Heath Llc $62,000 At
Ahlstrom Colleen B -- None Available
Ahlstrom Paul A $27,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2015 05/08/15 Sold $62,000 -- --
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 $2,561 $89,700 $0 $0
2024 $1,943 $88,600 $0 $0
2022 $2,285 $67,800 $0 $0
2021 $522 $69,200 $0 $0
2020 $2,246 $54,800 $0 $0
2019 $2,195 $48,400 $0 $0
2018 $2,121 $44,900 $0 $0
2017 $2,037 $44,300 $0 $0
2016 $1,792 $46,400 $46,400 $0
2015 -- $41,200 $41,200 $0
2014 -- $36,700 $0 $0
2013 -- $36,700 $36,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Bosanac

    Seller's Agent in 2015

    Stephanie Bosanac

    RE/MAX Michigan

    (517) 990-0707

    457 Total Sales

    Stephanie Bosanac
    Section Image

  • A

    Buyer's Agent in 2015

    Amy Gilpin

    Production Realty

    Section Image
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Map

Source: MichRIC

MLS Number: 21032770

MichRIC

APN: 000-17-21-356-003-00

Michigan Jackson County Hanover 49241

119 E Main, Hanover, MI

Not Listed for Sale

MultiFamily

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