$99,900
SOLD MAR 24, 2020

121 Teft Rd Spring Arbor, MI 49283

Spring Arbor Neighborhood
-- Bed
-- Bath
1,728 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$58 Per Sq Ft

4 Days on Market

About This Home

As of December 2024

Well maintained duplex in Spring Arbor with great income potential! Super location, across from the University and in Western Schools. Main floor features one bedroom, full bath, updated kitchen with all appliances, spacious living/dining room and laundry area. Second floor includes 2 bedrooms, full bath, living/dining area and kitchen. This home includes plenty of updates and could easily be converted back into a single family home.

Last Agent to Sell the Property

Kirsten Knueppel-Mogle

RE/MAX MID-MICHIGAN R.E. License #6501279857 Listed on: 01/28/2020

RE/MAX MID-MICHIGAN R.E.

Last Buyer's Agent

Jackie Park

HOWARD HANNA REAL ESTATE SERVI License #6501405115

HOWARD HANNA REAL ESTATE SERVI

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,315

Year Built

  • Built in 1960

Additional Features

  • 9,583 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Operating Expense $1,547
  • Net Operating Income $30,372

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,315

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 99900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9583.2

Rental Info

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

Multi Family

  • Net Operating Income: 30372.0
  • Operating Expense: 1547.0

Tax Info

  • Tax Annual Amount: 2314.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2020
Closed on
Mar 24, 2020
Sold by
Jemilo Matthew A
Bought by
Stone William F and Stone Julieanne E
Seller's Agent
Kirsten Knueppel-Mogle
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
Jackie Park
HOWARD HANNA REAL ESTATE SERVI
Sold Price
$99,900
Total Days on Market
4
Current Estimated Value
$225,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,766
Avg. Annual Appreciation
16.18%
Original Mortgage
$92,000
Outstanding Balance
$81,854
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$141,288

Purchase Details

Listed on
Jun 13, 2016
Closed on
Sep 13, 2016
Sold by
Bullock Robert and Bullock Pamela
Bought by
Jemilo Matthew A
Seller's Agent
JOY KNUTSON
ERA REARDON REALTY, L.L.C.
Buyer's Agent
Kirsten Knueppel-Mogle
RE/MAX MID-MICHIGAN R.E.
Sold Price
$81,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$79,532
Interest Rate
3.43%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 14, 2014
Closed on
Apr 11, 2014
Sold by
Janes Raymond J and Janes Patricia S
Bought by
Bullock Robert and Bullock Pamela
Seller's Agent
DeAnn Gumbert
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
JOY KNUTSON
ERA REARDON REALTY, L.L.C.
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.69%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $99,900 None Available
Warranty Deed $81,000 Attorney
Warranty Deed $40,000 At
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $92,000 New Conventional
Previous Owner $79,532 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2024 12/03/24 Sold $225,000 +1.4% $130 / Sq Ft
10/26/2024 10/26/24 Pending -- -- --
10/14/2024 10/14/24 Price Changed $222,000 -1.3% $128 / Sq Ft
09/23/2024 09/23/24 For Sale $225,000 +125.2% $130 / Sq Ft
03/24/2020 03/24/20 Sold $99,900 +23.3% $58 / Sq Ft
02/01/2020 02/01/20 Pending -- -- --
09/13/2016 09/13/16 Sold $81,000 +102.5% $47 / Sq Ft
07/13/2016 07/13/16 Pending -- -- --
04/11/2014 04/11/14 Sold $40,000 -- $23 / Sq Ft
03/25/2014 03/25/14 Pending -- -- --
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 $2,054 $102,200 $0 $0
2024 $1,198 $87,000 $0 $0
2023 $1,198 $79,400 $0 $0
2022 $1,868 $54,600 $0 $0
2021 $2,679 $46,450 $0 $0
2020 $2,406 $44,980 $0 $0
2019 $2,315 $41,180 $0 $0
2018 $1,567 $39,880 $1,800 $38,080
2017 $1,510 $39,800 $0 $0
2016 $1,257 $30,910 $1,760 $29,150
2015 $25,392 $29,800 $29,800 $0
2014 $25,392 $27,620 $27,620 $0
2013 -- $27,620 $27,620 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    My Smart Team

    Production Realty

  • J

    Buyer's Agent in 2024

    John Cross

    Equity Harbour

  • K

    Seller's Agent in 2020

    Kirsten Knueppel-Mogle

    RE/MAX Michigan

  • J

    Buyer's Agent in 2020

    Jackie Park

    HOWARD HANNA REAL ESTATE SERVI

  • J

    Seller's Agent in 2016

    JOY KNUTSON

    ERA REARDON REALTY, L.L.C.

  • D

    Seller's Agent in 2014

    DeAnn Gumbert

    RE/MAX Michigan

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21035042

Southwestern Michigan Association of REALTORS®

APN: 000-12-16-381-005-03

Michigan Jackson County Spring Arbor 49283 Spring Arbor

121 Teft Rd, Spring Arbor, MI

This home is located at 121 Teft Rd, Spring Arbor, MI 49283 and is currently priced at $99,900, approximately $57 per square foot. This property was built in 1960. 121 Teft Rd is a home located in Jackson County with nearby schools including Western High School and Trinity Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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