NOT LISTED FOR SALE

1227 Phoenix St Niles, MI 49120

Estimated Value: $133,000 - $164,618

3 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold May 12, 2023

Last sale price $116,000

Est. 30% increase in value since last sale

Current estimated payment $1,029/month

3 Days on Market

Highlights

  • Main Floor Bedroom
  • Forced Air Heating System
  • 2 Car Garage
  • 1 Fireplace
  • Baseboard Heating
  • Level Lot

About This Home

As of May 2023

Great dublex close to YMCA, Riverfront Park, and downtown. Main floor unit is a 2 bedroom/1.5 bathroom. Upstairs unit is a 1 bedroom/1 bathroom. Both units have large eat-in kitchens. This home offers an attached garage, basement, and fenced in back yard.

Last Listed By

Kati Luke

Red Shoe Realty License #6501314275 Listed on: 04/06/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,814

Year Built

  • Built in 1897

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Main Floor Bedroom
  • 1 Fireplace
  • Partial Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Shared Gas Meter

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,814

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1897
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Accessible M Flr Hal, Accessible Mn Flr Be, Accessible Mn Flr Fu
  • Fireplaces: 1
  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 125000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 66X132
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1814.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 15, 2023
Sold by
Wallace Sean Michael
Bought by
Adler Jonathan M
Seller's Agent
Kati Luke
Red Shoe Realty
Buyer's Agent
Tammy Anders
MI Realty, A Michigan RE Co.
List Price
$125,000
Sold Price
$116,000
Premium/Discount to List
-$9,000
-7.2%
Total Days on Market
3
Views
48
Current Estimated Value
$150,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,405
Avg. Annual Appreciation
13.58%
Original Mortgage
$87,750
Outstanding Balance
$85,747
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$64,658

Purchase Details

Closed on
Mar 1, 2019
Sold by
Drew Susan Wallace
Bought by
Wallace Wallace Sean Michael Sean Michael and Wallace Drew Susan

Purchase Details

Closed on
Oct 18, 2016
Sold by
Wells Fargo Bank Na
Bought by
Wallace Drew Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,800
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2015
Sold by
Sabat Chester J
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 1, 1996

Purchase Details

Closed on
Sep 23, 1996

Purchase Details

Closed on
Feb 13, 1987

Purchase Details

Closed on
Aug 4, 1986

Purchase Details

Closed on
Apr 13, 1978

Purchase Details

Closed on
Apr 1, 1976

Purchase Details

Closed on
Oct 1, 1975

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
Adler Jonathan M $117,000 None Listed On Document
Wallace Wallace Sean Michael Sean Michael -- None Available
Wallace Drew Susan $46,000 Cti
Wells Fargo Bank Na $15,508 Attorney
-- $50,000 --
-- $15,000 --
-- -- --
-- $10,000 --
-- $6,500 --
-- $3,000 --
-- $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adler Jonathan M $87,750
Previous Owner Wallace Drew Susan $36,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $116,000 -7.2% --
04/09/2023 04/09/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $125,000 +171.7% --
01/09/2017 01/09/17 Sold $46,000 +7.2% --
10/15/2016 10/15/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $42,900 -- --
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
2024 $2,239 $75,200 $0 $0
2023 $994 $61,600 $0 $0
2022 $947 $35,700 $0 $0
2021 $1,740 $32,600 $3,000 $29,600
2020 $1,719 $31,000 $0 $0
2019 $1,695 $28,900 $2,000 $26,900
2018 $1,608 $28,900 $0 $0
2017 $1,559 $34,200 $0 $0
2016 $1,532 $27,500 $0 $0
2015 $1,527 $34,800 $0 $0
2014 $792 $30,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23010042

Southwestern Michigan Association of REALTORS®

APN: 11-71-4510-0236-00-1