NOT LISTED FOR SALE

1204 Leet Rd Niles, MI 49120

Estimated Value: $141,194 - $170,000

2 Beds
2 Baths
-- Sq Ft
0.5 Acres

Last Sold June 28, 2021

Last sale price $93,000

Est. 71% increase in value since last sale

Current estimated payment $1,048/month

6 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Level Lot
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities

About This Home

As of June 2021

This building was rebuilt from the outside walls in 2004. Everything from the framing in. Formally a three unit, remodeled into a two unit. Each unit has its own furnace and power vent water heaters, stackable washer/dryer units, refrigerator, stove and microwave. Laminate and ceramic flooring. High end Medallion cabinetry. Long term tenant in Unit 1 who pays $531/mo. Unit 2 is vacant, was rented for $550/mo. Separate gas and electric. Third electric meter is in place for the owner to pay the well electric bill. Water softener is maintained by Unit 2. 24 Hour Notice Required for showings. Possession subject to tenant rights. This property qualifies for Section 8 Housing. Lot is irregular and is 1/2 acre. Roof is 9 years old. Flat roof is newer.

Last Agent to Sell the Property

Debbie Floor

Century 21 Affiliated License #6506045276 Listed on: 05/06/2021

Century 21 Affiliated

Last Buyer's Agent

Devon Johnson

Century 21 Affiliated License #6501422477

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 2004

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 119x137x13x62x106x198
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Well
  • Septic Tank
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,642

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 2004
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 119x137x13x62x106x198
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1642.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Substructure:Slab: Yes
  • Substructure:Crawl Space: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Roofing:Rubber: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space, Slab
  • Basement: No

Exterior Features

  • Construction Materials: Block, Vinyl Siding
  • List Price: 99000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Dimensions: 119x137x13x62x106x198
  • Lot Size Sq Ft: 21780.0

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1642.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 28, 2021
Sold by
Schaap Chris
Bought by
Drep Investments Llc
Seller's Agent
Debbie Floor
Century 21 Affiliated
Buyer's Agent
Devon Johnson
Century 21 Affiliated
List Price
$99,000
Sold Price
$93,000
Premium/Discount to List
-$6,000
-6.06%
Current Estimated Value
$158,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,799
Avg. Annual Appreciation
13.35%
Original Mortgage
$74,400
Outstanding Balance
$67,506
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$91,293
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
Drep Investments Llc $93,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drep Investments Llc $74,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $93,000 -6.1% --
05/12/2021 05/12/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $99,000 -- --
Source: Southwestern Michigan 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 $2,427 $63,900 $63,900 $0
2024 $578 $63,200 $63,200 $0
2023 $551 $51,600 $0 $0
2022 $605 $56,700 $0 $0
2021 $1,661 $50,700 $0 $0
2020 $1,642 $49,000 $0 $0
2019 $1,566 $47,100 $0 $0
2018 $387 $39,200 $0 $0
2017 $379 $35,300 $0 $0
2016 $382 $36,839 $0 $0
2015 -- $37,200 $0 $0
2011 -- $38,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21015869

Southwestern Michigan Association of REALTORS®

APN: 14-020-021-170-10