NOT LISTED FOR SALE

Estimated Value: $330,704 - $433,000

6 Beds
2 Baths
2,420 Sq Ft
$152/Sq Ft Est. Value

Last Sold January 27, 2017

Last sale price $115,000 $48 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $2,376/month

17 Days on Market

About This Home

As of January 2017

This is a solid, 2-unit building in good condition! Enter into a large LR/DR area just a few steps away from a nicely-sized kitchen. Each Unit has 3 bedrooms All bedrooms are spacious with ample closet space. Close to schools, shopping and transportation. A must see. Owner has spent lots of money to update this building Including New Roof and Brand new side stairs. Each unit rented for $1000, This property is a strong, cash flow investment! Live in one unit and rent out the other to cover a portion of your expenses! Property sold AS-IS Buyer to assume city violations if Any..REGULAR SALE! no Shortsale or Foreclosure

Last Agent to Sell the Property

Juan Torres

Riklin Realty Listed on: 05/16/2016

Last Buyer's Agent

Jaime Ashley Campos

RE/MAX LOYALTY License #475157922

RE/MAX LOYALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1894

Lot Details

  • Lot Dimensions are 61 x 125

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 4 Parking Spaces
  • Driveway
  • Uncovered Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1894
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space

Exterior Features

  • List Price: 110000
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 89

Lot Info

  • Lot Dimensions: 61 X 125
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 6708.62
  • Tax Year: 2014
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2016
Closed on
Jan 27, 2017
Sold by
Garcia Patricia Ortega
Bought by
Sosa Omayra S
Seller's Agent
Juan Torres
Riklin Realty
Buyer's Agent
Jaime Ashley Campos
RE/MAX LOYALTY
List Price
$110,000
Sold Price
$115,000
Premium/Discount to List
$5,000
4.55%
Current Estimated Value
$366,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,926
Avg. Annual Appreciation
15.15%
Original Mortgage
$111,161
Outstanding Balance
$93,622
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$291,056

Purchase Details

Listed on
May 7, 2014
Closed on
Nov 4, 2014
Sold by
Pearl Realty Inc
Bought by
Garcia Patricia Ortega
Seller's Agent
Peter Drossos
Peter Drossos Real Estate
Buyer's Agent
Juan Torres
Riklin Realty
List Price
$63,000
Sold Price
$29,000
Premium/Discount to List
-$34,000
-53.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.79%

Purchase Details

Closed on
Apr 29, 2013
Sold by
Gilbert Steven
Bought by
Pearl Realty Inc

Purchase Details

Closed on
Feb 5, 2003
Sold by
Smith Gloria D
Bought by
Gilbert Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,470
Interest Rate
7.99%

Purchase Details

Closed on
Jul 8, 1997
Sold by
Continental Community Bank & Trust Co
Bought by
Smith Gloria D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,500
Interest Rate
10.5%
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
Sosa Omayra S $115,000 Heritage Title Company
Garcia Patricia Ortega $29,000 Ct
Pearl Realty Inc -- Premier Title
Gilbert Steven $138,500 --
Smith Gloria D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sosa Omayra S $111,161
Previous Owner Gilbert Steven $295,000
Previous Owner Gilbert Steven $117,470
Previous Owner Smith Gloria D $63,500
Closed Gilbert Steven $6,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2017 01/27/17 Sold $115,000 +4.5% $48 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $110,000 +279.3% $45 / Sq Ft
12/04/2014 12/04/14 Sold $29,000 -3.0% $12 / Sq Ft
10/22/2014 10/22/14 Pending -- -- --
10/01/2014 10/01/14 Price Changed $29,900 -12.1% $12 / Sq Ft
09/09/2014 09/09/14 Price Changed $34,000 -12.8% $14 / Sq Ft
08/29/2014 08/29/14 Price Changed $39,000 -11.4% $16 / Sq Ft
07/11/2014 07/11/14 Price Changed $44,000 -10.2% $18 / Sq Ft
06/13/2014 06/13/14 Price Changed $49,000 -15.5% $20 / Sq Ft
06/12/2014 06/12/14 Price Changed $58,000 -7.9% $24 / Sq Ft
05/07/2014 05/07/14 For Sale $63,000 -- $26 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $11,202 $26,000 $5,101 $20,899
2023 $10,535 $26,000 $5,101 $20,899
2022 $10,535 $18,711 $4,405 $14,306
2021 $10,577 $18,711 $4,405 $14,306
2020 $10,312 $18,711 $4,405 $14,306
2019 $10,445 $16,532 $3,941 $12,591
2018 $10,162 $16,532 $3,941 $12,591
2017 $9,820 $16,532 $3,941 $12,591
2016 $9,465 $15,241 $3,477 $11,764
2015 $8,823 $15,241 $3,477 $11,764
2014 $6,709 $15,241 $3,477 $11,764
2013 $7,309 $17,739 $3,477 $14,262
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09227478

Midwest Real Estate Data (MRED)

APN: 15-14-119-011-0000