NOT LISTED FOR SALE

12528 Nichols Rd Burt, MI 48417

Burt Neighborhood

Estimated Value: $170,192 - $217,000

6 Beds
2 Baths
864 Sq Ft
$226/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $150,000 $174 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,128/month

151 Days on Market

About This Home

As of April 2023

Investor Special. two 3 bedroom 1 bath homes. All are currently rented at $650 a month. 12528 & 12534 Nichols Rd in Burt are both 3 bed 1 bath ranches. They are located on 1 lot with 1 tax id #. both units have long term tenants.

Last Agent to Sell the Property

Donald Seaman Jr.

DLS Realty License #6501245410 Listed on: 10/24/2022

Last Buyer's Agent

Donald Seaman Jr.

DLS Realty License #6501245410 Listed on: 10/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 1

Home Design

  • Ranch Style House
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 864 Sq Ft Home
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 27105293044000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,077

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 328.00
  • Year Built: 1960
  • State Equalized Value: 59600.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Combined: 864
  • Total Sq Ft: 864
  • Sq Ft Total Bsmt: 864

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Frontage Feet: 120
  • Road Frontage Type: Paved
  • Sideof Street: W

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Source: Public (Municipal), Well (Existing)
  • Laundry Facilities: No

Schools

  • School District: Birch Run

Lot Info

  • Lot Dimensions: irregular
  • Parcel Number: 27105293044000
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1300

Tax Info

  • Tax Amount Summer: 438.0000
  • Tax Amount Winter: 1639.0000
  • Total Tax: 2077.0000
  • Taxable Value: 38709.0000

Multi Family

  • Gross Scheduled Income: 15600.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Birch Run

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2023
Sold by
Seaman Richard W and Seaman Rosemary A
Bought by
Atwell Wayne
Current Estimated Value
$195,548

Purchase Details

Listed on
Oct 24, 2022
Closed on
Apr 11, 2023
Sold by
R & R Property Management Llc
Bought by
Atwell Wayne
Seller's Agent
Donald Seaman Jr.
DLS Realty
Buyer's Agent
Donald Seaman Jr.
DLS Realty
List Price
$279,900
Sold Price
$150,000
Premium/Discount to List
-$129,900
-46.41%
Views
138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%

Purchase Details

Closed on
Sep 28, 2016
Sold by
Seaman Richard and Seaman Rosemary
Bought by
R And R Property Management Llc

Purchase Details

Closed on
Jan 12, 2010
Sold by
Seaman Richard and Seaman Rosemary
Bought by
R And R Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,750
Interest Rate
5%

Purchase Details

Closed on
Jan 6, 2006
Sold by
Hayes Phillip and Hayes Sally
Bought by
Seaman Richard and Seaman Rosemary
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
Atwell Wayne $150,000 Cislo Title
Atwell Wayne -- None Listed On Document
R And R Property Management Llc -- None Available
R And R Property Management Llc -- --
Seaman Richard $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner R And R Property Management Llc $54,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2023 04/27/23 Sold $150,000 -14.7% $174 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
02/28/2023 02/28/23 Price Changed $175,900 -37.2% $204 / Sq Ft
10/24/2022 10/24/22 For Sale $279,900 -- $324 / Sq Ft
Source: Realcomp

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 $846 $84,200 $0 $0
2024 $846 $77,200 $0 $0
2023 $460 $70,600 $0 $0
2022 $2,196 $62,400 $0 $0
2021 $2,063 $59,600 $0 $0
2020 $1,988 $58,900 $0 $0
2019 $1,934 $57,500 $0 $0
2018 $401 $52,600 $0 $0
2017 $1,728 $45,000 $0 $0
2016 $1,714 $41,500 $0 $0
2014 -- $34,900 $0 $26,300
2013 -- $34,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221055101

Realcomp

APN: 27105293044000