NOT LISTED FOR SALE

1216 Gratiot Ave Saginaw, MI 48602

Estimated Value: $96,000 - $172,000

4 Beds
3 Baths
2,782 Sq Ft
$45/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $88,900 $32 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $924/month

About This Home

As of February 2022

Updated 3 unit rental property that produces good income. The main floor unit has 2 bedrooms, fresh paint and re-finished hardwood floors. There are two 1 bedroom units upstairs. Each unit has it's own newer furnace and newer water heater, and updated electrical and plumbing. Landlord pays water only. The detached 4 car garage is rented separately and produces an additional $100 per month income!

Last Agent to Sell the Property

Paul Wellman

RE/MAX New Image License #SBR-6502353118 Listed on: 12/01/2021

RE/MAX New Image

Last Buyer's Agent

Roy Lerma

Fitz You Homes License #SBR-6502386126

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1874

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100 x 120

Parking

  • 4 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 3 Units
  • Wm.Seyffardts Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18 0907 00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$995

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Originating MLS: Saginaw Board of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 995
  • Total Tax Year: 2021
  • Year Built: 1874
  • Mail City: Saginaw
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block, Full
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Estimated Sq Ft: 2782

Exterior Features

  • Frontage: 100
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 4
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 18 0907 00000
  • Lot Dimensions: 100 x 120
  • Acreage: 0.32
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $844.00
  • Winter Tax: Year: 2021, Amount: $151.00
  • Taxable Value: 13384
  • Total Tax: Year: 2021, Amount: $995.00
  • SEV Year: 2021

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Saginaw City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Feb 11, 2022
Sold by
Kemerer Jr Duane V
Bought by
Zamora Andres
Seller's Agent
Paul Wellman
RE/MAX New Image
Buyer's Agent
Roy Lerma
Fitz You Homes
List Price
$89,900
Sold Price
$88,900
Premium/Discount to List
-$1,000
-1.11%
Current Estimated Value
$126,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,199
Avg. Annual Appreciation
9.52%
Original Mortgage
$66,675
Outstanding Balance
$62,031
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$61,191

Purchase Details

Closed on
Jun 4, 2009
Sold by
Bank Of New York
Bought by
Kemerer Duane

Purchase Details

Closed on
Aug 19, 2008
Sold by
M E R S Inc
Bought by
Bank Of New York

Purchase Details

Closed on
Jul 18, 2008
Sold by
Mcniel Nick S
Bought by
M E R S Inc

Purchase Details

Closed on
Jul 25, 2005
Sold by
Coates Robert M
Bought by
Mcniel Nick S

Purchase Details

Closed on
Jul 9, 1979
Sold by
Ciavarella Louis J and Ciavarella Claudia L
Bought by
Coates Robert M and Coates Marjorie L

Purchase Details

Closed on
Jul 8, 1979
Sold by
Hansen Alwyn R and Hansen Marian L
Bought by
Ciavarella Louis J
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
Zamora Andres $88,900 None Listed On Document
Kemerer Duane $8,900 --
Bank Of New York -- --
M E R S Inc -- --
Mcniel Nick S $86,200 --
Coates Robert M $46,400 --
Ciavarella Louis J $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zamora Andres $66,675
Previous Owner Kemerer Duane V $2,720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $88,900 -1.1% $32 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $89,900 -- $32 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,024 $47,900 $0 $0
2024 $2,473 $44,300 $0 $0
2023 $2,373 $38,500 $0 $0
2022 $1,046 $17,500 $0 $0
2021 $984 $15,900 $0 $0
2020 $887 $13,200 $0 $0
2019 $886 $12,900 $1,700 $11,200
2018 $719 $13,025 $0 $0
2017 $846 $13,100 $0 $0
2016 $875 $13,532 $0 $0
2014 -- $14,096 $0 $12,332
2013 -- $15,626 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Wellman

    Seller's Agent in 2022

    Paul Wellman

    RE/MAX Michigan

    (989) 797-3629

    185 Total Sales

    Paul Wellman
    Section Image
  • Roy Lerma

    Buyer's Agent in 2022

    Roy Lerma

    Fitz You Homes

    (989) 714-9927

    78 Total Sales

    Roy Lerma
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50061900

Michigan Multiple Listing Service

APN: 91800907000000

Michigan Saginaw County Saginaw 48602

1216 Gratiot Ave, Saginaw, MI

This home is located at 1216 Gratiot Ave, Saginaw, MI 48602 since 01 December 2021 and is currently estimated at $126,099, approximately $45 per square foot. This property was built in 1874. 1216 Gratiot Ave is a home located in Saginaw County with nearby schools including Chester F. Miller School, Thompson Middle School, and Arthur Hill High 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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