NOT LISTED FOR SALE

134 E Lake St South Lyon, MI 48178

Estimated Value: $707,730

3 Beds
6 Baths
5,404 Sq Ft
$131/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $665,000 $123 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,750/month

233 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • 5-minute walk to Paul F. Baker Memorial Park

About This Home

As of November 2023

Possible owner financing on this great investment property in growing downtown South Lyon. Fully leased property. Bottom floor consists of a very successful salon with long term lease. Upper floor has two newly renovated apartments, a two bed one bath and one bed one bath with Stove, microwave, oven, and fridge. A coined laundry room is shared by each tenant. Owner of building is a licensed realtor. All information and financials can be discussed with a per approved commercial loan buyer, cash or Land Contract. Listing agent is owner of the property.

Last Agent to Sell the Property

Michael Anderson

LPT Realty, LLC License #6501413060 Listed on: 03/09/2023

LPT Realty, LLC

Last Buyer's Agent

Scott Bohlen

KW Realty Livingston License #6501305767

KW Realty Livingston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920 | Remodeled in 2017

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 32x82

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Block Foundation
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 5,404 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 2129101008

Community Details

Overview

  • 3 Units
  • Assr's Plat No 1 City Of South Lyon Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,498

Year Built

Built in 1920 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Assessment: 2.00
  • Year Built: 1920
  • State Equalized Value: 155710.0000
  • Year Renovated: 2017
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 2.40
  • Full Bathrooms: 2
  • Half Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 5404
  • Total Sq Ft: 5404
  • Sq Ft Total Bsmt: 461

Exterior Features

  • Roof Material: Rubber
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Block, Poured
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: Yes

Schools

  • School District: South Lyon

Lot Info

  • Lot Size Area: 0.06
  • Lot Dimensions: 32x82
  • Parcel Number: 2129101008
  • Zoning: Commercial

Rental Info

  • Rent Includes: Heat, Electric, Snow Removal, Water
  • Monthly Rental Income: 6300

Tax Info

  • Tax Amount Summer: 8234.0000
  • Tax Amount Winter: 264.0000
  • Total Tax: 8498.0000
  • Taxable Value: 144760.0000

Multi Family

  • Gross Scheduled Income: 75600.00
  • Number Of Units Total: 3
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: South Lyon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Nov 15, 2023
Sold by
Mlmb Llc
Bought by
Amc Holdings 134 Llc
Seller's Agent
Michael Anderson
LPT Realty, LLC
Buyer's Agent
Scott Bohlen
KW Realty Livingston
List Price
$800,000
Sold Price
$665,000
Premium/Discount to List
-$135,000
-16.88%
Views
526
Current Estimated Value
$707,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,730
Avg. Annual Appreciation
2.60%

Purchase Details

Closed on
Jan 30, 2017
Sold by
South Lyon Craft Work Llc
Bought by
Mlmb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
4.32%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 1, 2011
Sold by
First National Bank Of Howell
Bought by
South Lyon Craft Worx Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,700
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 29, 2008
Sold by
Waldenmayer & Coffey Llc
Bought by
First National Bank In Howell

Purchase Details

Closed on
Aug 5, 2004
Sold by
Mueller Joseph F
Bought by
Maskill Dale and Maskill Jo Ann T

Purchase Details

Closed on
Mar 8, 2000
Sold by
Maskill Dale and Maskill Jo Ann T
Bought by
Waldenmayer & Coffey Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.33%
Mortgage Type
Seller Take Back
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
Amc Holdings 134 Llc $665,000 Bell Title
Mlmb Llc -- None Available
South Lyon Craft Worx Llc -- None Available
First National Bank In Howell $542,568 None Available
Maskill Dale $50,000 --
Waldenmayer & Coffey Llc $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mlmb L L C $336,000
Previous Owner South Lyon Craft Worx Llc $90,000
Previous Owner South Lyon Craft Worx Llc $118,700
Previous Owner South Lyon Craft Worx Llc $83,090
Previous Owner South Lyon Craft Worx Llc $88,000
Previous Owner Waldenmayer & Coffey Llc $0
Previous Owner Waldenmayer & Coffey Llc $53,053
Previous Owner Waldenmayer & Coffey Llc $657,828
Previous Owner Waldenmayer & Coffey Llc $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $665,000 -4.9% $123 / Sq Ft
10/28/2023 10/28/23 Pending -- -- --
09/14/2023 09/14/23 Price Changed $699,000 -0.1% $129 / Sq Ft
04/21/2023 04/21/23 Price Changed $700,000 -12.5% $130 / Sq Ft
03/09/2023 03/09/23 For Sale $800,000 -- $148 / 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
2024 $10,711 $182,480 $0 $0
2023 $8,831 $175,040 $0 $0
2022 $8,498 $155,710 $0 $0
2021 $8,129 $147,920 $0 $0
2020 $7,920 $146,080 $0 $0
2019 $7,994 $138,700 $0 $0
2017 $7,096 $128,830 $0 $0
2015 -- $118,170 $0 $0
2014 -- $103,440 $0 $0
2011 -- $172,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230016468

Realcomp

APN: 21-29-101-008