NOT LISTED FOR SALE

Estimated Value: $1,526,000 - $1,882,000

5 Beds
2 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 29, 2014

Last sale price $535,000

Est. 220% increase in value since last sale

Current estimated payment $11,432/month

83 Days on Market

Highlights

  • Lower Floor Utility Room
  • 1-minute walk to Southport Station
  • Fenced Yard
  • Hamilton Elementary School Rated A-
  • Workshop
  • 3-minute walk to Sheil Park

About This Home

As of December 2014

$50,000.00 Price Reduction. Brick two flat on wide lot with full, unfinished basement. Located on a beautiful tree lined street just east of the Southport Corridor and all it has to offer. Apartments have hardwood floors, large bedrooms, living room, dining room and kitchen. Room sizes are larger than normal due to the wide lot. Apartments have not been renovated but bricks and mortar are in excellent shape.

Last Agent to Sell the Property

Matt Scuras

Jameson Commercial License #475133234 Listed on: 08/27/2014

Last Buyer's Agent

Brant Booker

Jameson Sotheby's Intl Realty License #475135293

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,862

Year Built

  • Built in 1906

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 30x124
  • Fenced Yard
  • Irregular Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Interior Spaces

  • Workshop
  • Lower Floor Utility Room
  • Storm Screens

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Mechanical Septic System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,862

Year Built

Built in 1906

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Room Type: Enclosed Porch, Utility Room-Lower Level, Workshop
  • Basement Description: Unfinished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Block, Brick/Mortar
  • List Price: 649900
  • Lot Features: Fenced Yard, Irregular Lot
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Septic-Mechanical
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 30X124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10862.39
  • Tax Year: 2012

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Raz-Russo Ruth
Bought by
Ruth Raz-Russo Trust
Current Estimated Value
$1,710,417

Purchase Details

Closed on
Dec 15, 2016
Sold by
Michal Raz Russo Trust
Bought by
Raz Russo Michal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,234,851
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 6, 2016
Sold by
Raz Russo Michal
Bought by
Russo Michal Raz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,234,851
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2016
Sold by
Mrr Newport Llc
Bought by
Raz Russo Michael and Raz Russo Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,234,851
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2015
Sold by
Old Town Ventures Llc
Bought by
Mrr Newport Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 1995
Sold by
Cabras Vincent M and Cabras Paulina
Bought by
Cabras Paulina J
Source: Public Records

Range of Values:

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Average Value
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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
Ruth Raz-Russo Trust -- Smith Caroline S
Raz Russo Michal -- Attorney
Russo Michal Raz -- Attorney
Raz Russo Michael -- Attorney
Mrr Newport Llc $650,000 Attorneys Title Guaranty Fun
Cabras Paulina J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raz Russo Michal $198,700
Previous Owner Raz Russo Michal $1,234,851
Previous Owner Mrr Newport Llc $1,072,000
Previous Owner Mrr Newport Llc $1,300,000
Previous Owner Mrr Newport Llc $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2014 12/29/14 Sold $535,000 -17.7% --
11/18/2014 11/18/14 Pending -- -- --
11/05/2014 11/05/14 Price Changed $649,900 -7.1% --
08/27/2014 08/27/14 For Sale $699,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $24,798 $184,129 $69,750 $114,379
2023 $24,135 $123,500 $56,250 $67,250
2022 $24,135 $123,500 $56,250 $67,250
2021 $23,629 $123,500 $56,250 $67,250
2020 $21,402 $101,655 $24,000 $77,655
2019 $20,960 $110,495 $24,000 $86,495
2018 $22,561 $117,647 $24,000 $93,647
2017 $15,174 $73,863 $21,000 $52,863
2016 $5,149 $25,707 $21,000 $4,707
2015 $9,804 $53,500 $21,000 $32,500
2014 $11,231 $60,533 $17,250 $43,283
2013 -- $60,533 $17,250 $43,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08712396

Midwest Real Estate Data (MRED)

APN: 14-20-313-009-0000