NOT LISTED FOR SALE

1236 Holmes Rd Unit 1-7 Ypsilanti, MI 48198

Estimated Value: $892,823

-- Bed
-- Bath
5,328 Sq Ft
$168/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $419,000 $79 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $5,566/month

255 Days on Market

Highlights

  • 0.45 Acre Lot
  • Laundry Facilities
  • 4-minute walk to Wendell Holmes Park

About This Home

As of December 2020

This home is located at 1236 Holmes Rd Unit 1-7, Ypsilanti, MI 48198 since 22 January 2020 and is currently estimated at $892,823, approximately $167 per square foot. This property was built in 1968. 1236 Holmes Rd Unit 1-7 is a home located in Washtenaw County with nearby schools including Holmes Elementary School, Estabrook Elementary School, and Erickson Elementary School.

Last Agent to Sell the Property

Mollie Kolman

Property Mgmt. Specialists Inc License #6501413245 Listed on: 01/22/2020

Last Buyer's Agent

Douglas Milkey

Property Mgmt. Specialists Inc License #6502103936

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,336

Year Built

  • Built in 1968

Lot Details

  • 0.45

Parking

  • 20 Parking Spaces

Additional Features

  • Crawl Space
  • 0.45 Acre Lot

Listing and Financial Details

  • Tenant pays for electric

Community Details

Building Details

  • Insurance Expense $26,000
  • Gross Income $56,940

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,336

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1968
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 6336.04
  • Tax Info:Zoning3: BA
  • General Property Info:Total _pound_ Units: 7
  • Substructure:Crawl Space: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Other
  • List Price: 399000.0

Garage/Parking

  • Total Parking Spaces: 20.0
  • General Property Info:Total Parking Spaces: 20.0

Lot Info

  • Lot Size Acres: 0.45
  • Lot Size Area: 0.45
  • Lot Size Sq Ft: 19602.0
  • Zoning Description: BA
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 56940.0
  • Insurance Expense: 26000.0
  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 6336.04
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2025
Sold by
1236 Holmes Rd Llc
Bought by
Kbp Realty Llc
Current Estimated Value
$892,823

Purchase Details

Listed on
Jan 22, 2020
Closed on
Dec 4, 2020
Sold by
1236 Holmes Llc
Bought by
1236 Holmes Rd Llc
Seller's Agent
Mollie Kolman
Property Mgmt. Specialists Inc
Buyer's Agent
Douglas Milkey
Property Mgmt. Specialists Inc
List Price
$370,110
Sold Price
$419,000
Premium/Discount to List
$48,890
13.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.69%
Original Mortgage
$335,200
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 22, 2020
Sold by
Johnson Loretta Joyce and Barbara D Hale Living Trust
Bought by
1236 Holmes Llc

Purchase Details

Closed on
Jan 21, 2016
Sold by
Hale Brent E and Hale Susan E
Bought by
1236 Holmes Llc

Purchase Details

Closed on
Sep 14, 2015
Sold by
Hale Brent E and Hale Edmund Deborah
Bought by
Brent E Hale & Susan E Hale Trust

Purchase Details

Closed on
Mar 28, 1995
Sold by
Hale Frank
Bought by
Hale Frank and The Frank Hale Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

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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
Kbp Realty Llc $840,000 Preferred Title
1236 Holmes Rd Llc $419,000 None Available
1236 Holmes Rd Llc $419,000 None Listed On Document
1236 Holmes Llc -- None Available
1236 Holmes Llc -- None Available
Brent E Hale & Susan E Hale Trust -- None Available
Hale Frank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1236 Holmes Rd Llc $335,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $419,000 +13.2% $79 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $370,110 -- $69 / Sq Ft
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 -- $232,200 $0 $0
2024 -- $233,200 $0 $0
2023 -- $205,400 $0 $0
2022 $0 $165,400 $0 $0
2021 $5,742 $160,500 $0 $0
2020 $5,742 $131,800 $0 $0
2019 $5,742 $127,600 $127,600 $0
2018 $0 $123,000 $0 $0
2017 $5,758 $110,700 $0 $0
2016 $4,185 $87,535 $0 $0
2015 $5,422 $87,274 $0 $0
2014 $5,422 $85,200 $0 $0
2013 -- $85,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mollie Kolman

    Property Mgmt. Specialists Inc

    Section Image

  • D

    Buyer's Agent in 2020

    Douglas Milkey

    Property Mgmt. Specialists Inc

    (734) 489-3805

    1 in this area

    3 Total Sales

    Douglas Milkey
    Section Image
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Map

Source: MichRIC

MLS Number: 19856

MichRIC

APN: 11-03-400-009

Michigan Washtenaw County Ypsilanti 48198

1236 Holmes Rd Unit 1-7, Ypsilanti, MI

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MichRIC Information is deemed reliable but not guaranteed.
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