NOT LISTED FOR SALE

Estimated Value: $978,376

-- Bed
5 Baths
2,432 Sq Ft
$402/Sq Ft Est. Value

Last Sold August 30, 2013

Last sale price $475,000 $195 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $6,966/month

198 Days on Market

Highlights

  • Laundry Facilities
  • Burns Park Elementary School Rated A
  • 3-minute walk to Forsythe Park

About This Home

As of August 2013

This home is located at 1220 White St, Ann Arbor, MI 48104 since 13 February 2013 and is currently estimated at $978,376, approximately $402 per square foot. This property was built in 1920. 1220 White St is a home located in Washtenaw County with nearby schools including Burns Park Elementary School, Tappan Middle School, and Pioneer High School.

Last Agent to Sell the Property

Thomas Easthope

Senior Member Office License #6501261503 Listed on: 02/13/2013

Last Buyer's Agent

Tonya Lawrence

Howard Hanna Real Estate License #6501348339

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,271

Parking

  • 4 Parking Spaces

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 40 x 132
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • Property has a Home Owners Association
  • 6 Units

Additional Features

  • Laundry Facilities
  • Gross Income $59,521

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Lot Dimensions: 40 X 132
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 14742.0
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 6
  • Substructure:Full: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • List Price: 490000.0

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Condo/Co-op/Association

  • Association Amenities: Cable TV
  • Association: Yes

Association/Amenities

  • Assoc Amenities:Cable TV: Yes

Lot Info

  • Lot Dimensions: 40 X 132
  • Zoning Description: R4C

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 59521.0
  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 14742.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2013
Closed on
Aug 30, 2013
Sold by
Aeg Properties Llc
Bought by
Sj2 Properties Llc
Seller's Agent
Thomas Easthope
Senior Member Office
Buyer's Agent
Tonya Lawrence
Howard Hanna Real Estate
List Price
$512,000
Sold Price
$475,000
Premium/Discount to List
-$37,000
-7.23%
Current Estimated Value
$978,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,376
Avg. Annual Appreciation
5.93%
Original Mortgage
$195,000
Outstanding Balance
$145,767
Interest Rate
4.29%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$802,834

Purchase Details

Closed on
Aug 28, 2008
Sold by
Goldstein Andrew W and Theisen Elizabeth A
Bought by
Aeg Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2008
Sold by
Goldstein Andrew W and Theisen Elizabeth A
Bought by
Goldstein Andrew W and Theisen Elizabeth A

Purchase Details

Closed on
May 23, 2006
Sold by
1220 White Street Llc
Bought by
Goldstein Andrew and Theisen Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,250
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2004
Sold by
Snook Neil W
Bought by
1220 White Street Llc
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 Buyer Sale Price Title Company
Sj2 Properties Llc $475,000 None Available
Aeg Properties Llc -- None Available
Goldstein Andrew W -- None Available
Goldstein Andrew $502,500 Liberty Title
1220 White Street Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sj2 Properties Llc $195,000
Previous Owner Aeg Properties Llc $444,000
Previous Owner Goldstein Andrew $452,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2013 08/30/13 Sold $475,000 -7.2% $195 / Sq Ft
08/30/2013 08/30/13 Pending -- -- --
02/13/2013 02/13/13 For Sale $512,000 -- $211 / Sq Ft
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 $19,756 $473,600 $0 $0
2024 $16,598 $428,500 $0 $0
2023 $15,327 $454,900 $0 $0
2022 $18,550 $427,500 $0 $0
2021 $18,026 $410,600 $0 $0
2020 $17,459 $345,700 $0 $0
2019 $16,653 $328,300 $328,300 $0
2018 $16,339 $290,500 $0 $0
2017 $15,762 $279,000 $0 $0
2016 $15,303 $247,322 $0 $0
2015 $14,675 $246,583 $0 $0
2014 $14,675 $238,900 $0 $0
2013 -- $238,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16693

Southwestern Michigan Association of REALTORS®

APN: 09-33-210-026