NOT LISTED FOR SALE

121 Elm Place South Lyon, MI 48178

Estimated Value: $407,745 - $480,000

6 Beds
4 Baths
2,686 Sq Ft
$167/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $325,000 $121 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,173/month

3 Days on Market

About This Home

As of October 2019

This beautifully cared for two-family front/back duplex home is located just a couple of blocks from downtown South Lyon. This property has incredible value as an income-generating property or as an owner occupied property. Both units have 3 bedrooms and 2 full bathrooms, new stainless steel kitchen appliances, new LED light fixtures and dry basements that could be finished. The front unit has been lived in by the owner, has been freshly painted and also includes a new washer and dryer. Outside, each unit has two private parking spots and a 10X10 storage shed.

Last Agent to Sell the Property

Michael Anderson

LPT Realty, LLC License #6501413060 Listed on: 09/07/2019

LPT Realty, LLC

Last Buyer's Agent

Michael Anderson

LPT Realty, LLC License #6501413060 Listed on: 09/07/2019

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 2005

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 52.00x126.00

Home Design

  • Colonial Architecture
  • Block Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 2,686 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Assr's Plat No 1 City Of South Lyon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2129104010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,849

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 1.66
  • Year Built: 2005
  • State Equalized Value: 116400.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2686
  • Total Sq Ft: 2686
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block, Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: South Lyon

Lot Info

  • List Price per Acre: 2166666.6667
  • Lot Size Area: 0.15
  • Lot Dimensions: 52.00X126.00
  • Parcel Number: 2129104010
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2630

Tax Info

  • Tax Amount Summer: 6760.0000
  • Tax Amount Winter: 89.0000
  • Total Tax: 6849.0000
  • Taxable Value: 116400.0000

Multi Family

  • Gross Scheduled Income: 31548.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: South Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2019
Closed on
Oct 16, 2019
Sold by
Mlmb Llc
Bought by
Shrader Bryan
Seller's Agent
Michael Anderson
LPT Realty, LLC
Buyer's Agent
Michael Anderson
3DX Real Estate LLC
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$449,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,686
Avg. Annual Appreciation
5.58%
Original Mortgage
$243,750
Outstanding Balance
$213,098
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$236,588

Purchase Details

Listed on
Jun 9, 2017
Closed on
Jul 31, 2017
Sold by
Anderson Michael and Anderson Lisa
Bought by
Mlmb Llc
Seller's Agent
Kelli Falco
Pinnacle Realty
Buyer's Agent
Kelli Falco
Pinnacle Realty
List Price
$299,777
Sold Price
$280,000
Premium/Discount to List
-$19,777
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%

Purchase Details

Listed on
Aug 9, 2014
Closed on
Jul 25, 2014
Sold by
Thompson John W and Thompson Sharon L
Bought by
Parlett Kimberlee Milton
Seller's Agent
Bonnie David
Quantum Real Estate LLC
Buyer's Agent
Bonnie David
Quantum Real Estate LLC
List Price
$197,500
Sold Price
$197,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%
Original Mortgage
$190,908
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 2004
Sold by
Wallace Tedd M and Wallace Ellen
Bought by
Thompson John W and Thompson Sharon L

Purchase Details

Closed on
Jan 5, 2001
Sold by
William L Lusk Tr
Bought by
Lusk William L
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
Shrader Bryan $325,000 Bell Title Agency Of Fenton
Mlmb Llc -- None Available
Anderson Michael $280,000 None Available
Parlett Kimberlee Milton $197,500 None Available
Thompson John W $75,000 --
Lusk William L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shrader Bryan $243,750
Previous Owner Parlett Kimberlee Milton $190,908
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2019 10/16/19 Sold $325,000 0.0% $121 / Sq Ft
09/10/2019 09/10/19 Pending -- -- --
09/07/2019 09/07/19 For Sale $325,000 +16.1% $121 / Sq Ft
07/31/2017 07/31/17 Sold $280,000 -6.6% $104 / Sq Ft View Prior Sale
06/13/2017 06/13/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $299,777 +51.8% $112 / Sq Ft
08/10/2014 08/10/14 Sold $197,500 0.0% $74 / Sq Ft View Prior Sale
08/09/2014 08/09/14 Pending -- -- --
08/09/2014 08/09/14 For Sale $197,500 -- $74 / Sq Ft
Source: Realcomp

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
2024 $9,361 $173,770 $0 $0
2023 $8,825 $172,070 $0 $0
2022 $8,493 $154,130 $0 $0
2021 $8,124 $149,260 $0 $0
2020 $7,914 $138,110 $0 $0
2019 $7,025 $126,680 $0 $0
2018 $6,849 $116,400 $0 $0
2017 $5,065 $110,850 $0 $0
2016 $5,022 $105,530 $0 $0
2015 -- $98,560 $0 $0
2014 -- $89,290 $0 $0
2011 -- $84,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Anderson

    LPT Realty, LLC

    (248) 939-0325

    12 in this area

    58 Total Sales

    Michael Anderson
    Section Image

  • K

    Seller's Agent in 2017

    Kelli Falco

    Pinnacle Realty

    Section Image

  • B

    Seller's Agent in 2014

    Bonnie David

    Quantum Real Estate LLC

See All Agents

Map

Source: Realcomp

MLS Number: 219091991

Realcomp

APN: 21-29-104-010

Michigan Oakland County South Lyon 48178

121 Elm Place, South Lyon, MI

This home is located at 121 Elm Place, South Lyon, MI 48178 since 07 September 2019 and is currently estimated at $449,686, approximately $167 per square foot. This property was built in 2005. 121 Elm Place is a home located in Oakland County with nearby schools including Frank E. Bartlett School, Centennial Middle School, and South Lyon High School.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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