$460,000
SOLD OCT 24, 2024
-- Bed
-- Bath
-- Sq Ft
7,884 Sq Ft Lot

Recently Sold

8% Below List Price

35 Days on Market

Highlights

  • 1 Fireplace
  • Hot Water Heating System
  • Wood Siding
  • Haisley Elementary School Rated A
  • Level Lot

About This Home

As of October 2024

Excellent investment opportunity with this duplex that is 1-mile to the heart of downtown Ann Arbor. Nice gross income and the tenants pay for all utilities and are responsible for lawn care and snow removal. Public transportation is very convenient as well as access to grocery, retail, restaurants, expressways, and more. Home Energy Score of 5. Download the report at stream.a2gov.org.

Last Agent to Sell the Property

Kirk Glassel

The Charles Reinhart Company License #6501384369 Listed on: 09/03/2024

The Charles Reinhart Company

Last Buyer's Agent

Kirk Glassel

The Charles Reinhart Company License #6501384369 Listed on: 09/03/2024

The Charles Reinhart Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,624

Year Built

  • Built in 1964

Lot Details

  • 7,884 Sq Ft Lot
  • Lot Dimensions are 50x158
  • Level Lot

Home Design

  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Laundry in Kitchen

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Schools

  • Haisley Elementary School
  • Slauson Or Forsythe Middle School
  • Skyline High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, water, sewer, gas
  • The owner pays for trash collection

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $10,624
  • Net Operating Income $31,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,624

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1964
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x158
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 10624.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Driveway:Gravel: Yes
  • Substructure:Slab: Yes
  • General Property Info Elementary School2: Haisley
  • General Property Info High School: Skyline
  • General Property Info Middle School2: Slauson or Forsythe
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No
  • Laundry Features:In Unit: Yes
  • Laundry Features:In Kitchen: Yes

Exterior Features

  • Construction Materials: Block, Wood Siding
  • List Price: 499950.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water
  • Heating: Yes
  • Laundry Features: In Kitchen, In Unit
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Schools

  • Elementary School: Haisley
  • High School: Skyline
  • Middle/Junior School: Slauson or Forsythe

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Dimensions: 50x158
  • Lot Size Sq Ft: 7884.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Electric, Water, Sewer, Gas

Multi Family

  • Net Operating Income: 31376.0
  • Number of Units Total: 2
  • Operating Expense: 10624.0

Tax Info

  • Tax Annual Amount: 10624.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Oct 24, 2024
Sold by
Snkhtchian Levon
Bought by
Levson Capital Holdings Llc
Seller's Agent
Kirk Glassel
The Charles Reinhart Company
Buyer's Agent
Kirk Glassel
The Charles Reinhart Company
List Price
$499,950
Sold Price
$460,000
Premium/Discount to List
-$39,950
-7.99%
Views
9
Current Estimated Value
$465,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,172
Avg. Annual Appreciation
1.40%
Original Mortgage
$345,000
Outstanding Balance
$342,251
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$122,434

Purchase Details

Closed on
Aug 23, 2018
Sold by
Foster Charles F and Foster Deborah L
Bought by
Sibley Heather H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2004
Sold by
Inwood Jon D and Inwood Janice
Bought by
Foster Charles F and Foster Deborah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 16, 2004
Sold by
Sackett Scott
Bought by
Inwood Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.46%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Quit Claim Deed -- None Listed On Document
Warranty Deed $460,000 None Listed On Document
Warranty Deed $282,625 None Available
Warranty Deed $160,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $345,000 New Conventional
Previous Owner $234,750 New Conventional
Previous Owner $128,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2024 10/24/24 Sold $460,000 -8.0% --
09/03/2024 09/03/24 For Sale $499,950 0.0% --
08/03/2024 08/03/24 Rented $1,700 0.0% --
07/26/2024 07/26/24 For Rent $1,700 -- --
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 $10,625 $193,600 $0 $0
2024 $8,899 $165,200 $0 $0
2023 $10,625 $159,600 $0 $0
2022 $7,707 $155,500 $0 $0
2021 $14,225 $145,500 $0 $0
2020 $9,615 $148,100 $0 $0
2019 $9,171 $144,200 $144,200 $0
2018 $5,017 $153,800 $0 $0
2017 $4,840 $112,600 $0 $0
2016 $4,716 $76,215 $0 $0
2015 $4,522 $75,988 $0 $0
2014 $4,522 $73,615 $0 $0
2013 -- $73,615 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24046023

Southwestern Michigan Association of REALTORS®

APN: 09-30-220-011