NOT LISTED FOR SALE

121 S Jefferson St Lowell, MI 49331

Estimated Value: $226,000 - $255,359

4 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold October 22, 2021

Last sale price $160,000

Est. 53% increase in value since last sale

Current estimated payment $1,633/month

40 Days on Market

About This Home

As of October 2021

This spacious 2-unit multi family home is perfect for an investor, owner occupant, or easily converted back to single family. Walking distance from restaurants, bakery, ice cream, and more. Unit one you will find kitchen, family room, and half bath on main floor. Upstairs has 3 large bedrooms with an additional bathroom. Also includes attached garage. Tenant has been in since 2012. Current rent for this unit is $925 per month. Unit two is on main floor with kitchen, large family room with beautiful bay window, along with one bathroom. Tenant has been in since 2017. Current rent for this unit is $675 per month. Owners pay all utilities (gas, electric, and water). Recent updates include new roof in 2017, new furnace and water heater in 2018. Several new windows throughout.

Last Agent to Sell the Property

Kyle MacIntosh

Greenridge Realty (EGR) License #6501435412 Listed on: 08/23/2021

Last Buyer's Agent

Denise Maghielse

Real Estate with Maghielse &Co

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,350

Year Built

  • Built in 1890

Lot Details

  • 8,712

Parking

  • 4 Parking Spaces

Additional Features

  • 8,712 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,350

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 169900.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: Multi
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3350.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Oct 20, 2021
Sold by
Stevens Mark M and Stevens Kathleen M
Bought by
Hough Construction Inc
Seller's Agent
Kyle MacIntosh
Greenridge Realty (EGR)
Buyer's Agent
Denise Maghielse
Real Estate with Maghielse &Co
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%
Current Estimated Value
$245,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,090
Avg. Annual Appreciation
10.61%

Purchase Details

Closed on
Oct 25, 2018
Sold by
Stevens Mark and Macintosh Dennis
Bought by
Stevens Mark and Stevens Kathleen M

Purchase Details

Closed on
Jun 7, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Stevens Mark and Macintosh Dennis

Purchase Details

Closed on
Jan 21, 2010
Sold by
Pnc Bank National Association
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jul 15, 2009
Sold by
Churches Brent J and Churches Nancy L
Bought by
National City Mortgage

Purchase Details

Closed on
Mar 24, 1997
Bought by
Stevens Blough>Churches and Stevens Mark
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
Hough Construction Inc $160,000 Chicago Title
Stevens Mark -- None Available
Stevens Mark $34,780 None Available
The Secretary Of Housing & Urban Develop -- None Available
National City Mortgage $74,583 None Available
Stevens Blough>Churches $76,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $160,000 -10.6% --
10/02/2021 10/02/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $179,000 -- --
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 $4,207 $96,100 $0 $0
2024 $42 $90,400 $0 $0
2023 $5,774 $97,900 $0 $0
2022 $5,520 $89,000 $0 $0
2021 $3,312 $78,200 $0 $0
2020 $2,439 $67,600 $0 $0
2019 $3,246 $59,000 $0 $0
2018 $3,175 $54,100 $0 $0
2017 $3,103 $48,600 $0 $0
2016 $3,036 $51,400 $0 $0
2015 -- $51,400 $0 $0
2013 -- $48,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kyle MacIntosh

    Greenridge Realty (EGR)

    Section Image

  • D

    Buyer's Agent in 2021

    Denise Maghielse

    Real Estate with Maghielse &Co

    (616) 977-7790

    3 in this area

    229 Total Sales

    Denise Maghielse
    Section Image

  • M

    Buyer Co-Listing Agent in 2021

    Megan LeRoux

    Real Estate with Maghielse &Co

    (616) 977-0900

    2 in this area

    17 Total Sales

    Megan LeRoux
    Section Image
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Map

Source: MichRIC

MLS Number: 21101886

MichRIC

APN: 41-20-02-432-007

Michigan Kent County Lowell 49331

121 S Jefferson St, Lowell, MI

Not Listed for Sale

MultiFamily

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