NOT LISTED FOR SALE

123 Ridgeway St Jackson, MI 49203

King Neighborhood

Estimated Value: $51,000 - $121,000

3 Beds
3 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold June 08, 2012

Last sale price $4,000

Est. 2,094% increase in value since last sale

Current estimated payment $537/month

7 Days on Market

About This Home

As of June 2012

CONTRACTOR SPECIAL!! There was a recent fire in the upstairs unit/back porch & stairway. Upstairs unit will need quite a bit of work. Lower two units have smoke damage. PRICED TO SELL AS-IS! Income & expenses are listed from previous tenants, but the numbers were accurate & the home was fully rented. Home was made "Lead Free" by the City of Jackson 2 years ago & had $15,000 of new windows, etc. installed at that time.

Last Agent to Sell the Property

Timothy Atkins

ERA REARDON REALTY, L.L.C. License #6506036004 Listed on: 05/24/2012

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

Meredythe Hill-Vandusen

ERA REARDON - BROOKLYN License #6501324802

ERA REARDON - BROOKLYN

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 7,405

Home Design

  • Aluminum Siding

Additional Features

  • 7,405 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $18,138
  • Gross Income $16,440
  • Net Operating Income $23,566

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 7000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 16440.0
  • Net Operating Income: 23566.0
  • Number of Units Total: 3
  • Operating Expense: 18138.0

Tax Info

  • Tax Annual Amount: 1209.73
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2012
Closed on
Jun 6, 2012
Sold by
Diebel Daniel B and Eller Michael S
Bought by
K & L Hunt Investments Llc
Seller's Agent
Timothy Atkins
ERA REARDON REALTY, L.L.C.
Buyer's Agent
Meredythe Hill-Vandusen
ERA REARDON - BROOKLYN
Sold Price
$4,000
Current Estimated Value
$87,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,745
Avg. Annual Appreciation
25.55%

Purchase Details

Closed on
Dec 29, 2008
Sold by
Carver Investments Llc
Bought by
Diebel Daniel B and Eller Michael S

Purchase Details

Closed on
Nov 15, 2004
Sold by
Eller Michael
Bought by
Carver Investments Llc

Purchase Details

Closed on
May 9, 2002
Sold by
St Francis Mtg Corp
Bought by
Eller Michael S

Purchase Details

Closed on
Feb 21, 2002
Sold by
Salyers Wesley R and Salyer Toni R
Bought by
St Francis Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
K & L Hunt Investments Llc $4,000 Midstate Title Agency Of Sou
Diebel Daniel B -- Midstate Title Agency
Diebel Daniel B -- None Available
Carver Investments Llc -- --
Eller Michael S -- Chicago Title
St Francis Mtg Corp $48,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2012 06/08/12 Sold $4,000 -- --
05/31/2012 05/31/12 Pending -- -- --
Source: MichRIC

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 $924 $37,600 $0 $0
2024 $799 $35,800 $0 $0
2023 $767 $30,900 $0 $0
2022 $845 $25,500 $0 $0
2021 $836 $22,900 $0 $0
2020 $826 $20,950 $0 $0
2019 $803 $14,500 $0 $0
2018 $766 $11,500 $0 $0
2017 $703 $11,250 $0 $0
2016 $606 $12,300 $12,300 $0
2015 $661 $11,200 $11,200 $0
2014 $661 $10,650 $0 $0
2013 -- $10,650 $10,650 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy Atkins

    Seller's Agent in 2012

    Timothy Atkins

    ERA REARDON REALTY, L.L.C.

    (517) 937-2473

    166 Total Sales

    Timothy Atkins
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Map

Source: MichRIC

MLS Number: 21035439

MichRIC

APN: 5-111000000

Michigan Jackson County Jackson 49203 King

123 Ridgeway St, Jackson, MI

Not Listed for Sale

MultiFamily

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