NOT LISTED FOR SALE

135 E Main St Morenci, MI 49256

Estimated Value: $235,000 - $1,355,227

8 Beds
4 Baths
3,240 Sq Ft
$190/Sq Ft Est. Value

Last Sold February 14, 2019

Last sale price $85,000 $26 Per Sq Ft

Est. 623% increase in value since last sale

Current estimated payment $3,628/month

About This Home

As of February 2019

4 UNIT INCOME PROPERTY, EACH UNIT HAS 2 BEDROOM, 1 BATH, WITH LAUNDRY FACILITY IN BASEMENT FOR TENANT USE.

Last Agent to Sell the Property

Gene Momyer

Goedert Real Estate - Adr License #LCAR-6501406919 Listed on: 07/16/2018

Last Buyer's Agent

Wendy Warner-Stern

Foundation Realty, LLC License #LCAR-6501283905

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 157x68

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Boiler Heating System
  • Separate Meters

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number XM0000036100

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2525.02
  • Total Tax Year: 2017
  • Year Built: 1900
  • Mail City: Morenci
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 3240

Exterior Features

  • Frontage: 68
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s)
  • Heating System: Boiler
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public At Street

Lot Info

  • Assessor Parcel Number: XM0000036100
  • Lot Dimensions: 157x68
  • Acreage: 0.25
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2017, Amount: $1,174.52
  • Winter Tax: Year: 2017, Amount: $1,350.50
  • Taxable Value: 38553
  • Total Tax: Year: 2017, Amount: $2,525.02
  • SEV Year: 2018

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Morenci Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2018
Closed on
Feb 14, 2019
Sold by
Keefer Harold W
Bought by
S & R Estates Llc
Seller's Agent
Gene Momyer
Goedert Real Estate - Adr
Buyer's Agent
Wendy Warner-Stern
Foundation Realty, LLC
List Price
$149,900
Sold Price
$85,000
Premium/Discount to List
-$64,900
-43.3%
Current Estimated Value
$614,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,409
Avg. Annual Appreciation
34.52%
Original Mortgage
$68,000
Outstanding Balance
$59,784
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$554,625

Purchase Details

Closed on
Jul 1, 1971
Bought by
Keefer Harold W and Keefer Leona M
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
S & R Estates Llc $850,000 --
Keefer Harold W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S & R Estates Llc $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2019 02/14/19 Sold $85,000 -14.9% $26 / Sq Ft
11/28/2018 11/28/18 Price Changed $99,900 -23.1% $31 / Sq Ft
10/04/2018 10/04/18 Price Changed $129,900 -13.3% $40 / Sq Ft
07/16/2018 07/16/18 For Sale $149,900 -- $46 / Sq Ft
Source: Michigan Multiple Listing Service

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 $4,446 $89,900 $0 $0
2024 $1,867 $81,400 $0 $0
2022 $6,344 $65,600 $0 $0
2021 $3,160 $63,400 $0 $0
2020 $3,160 $52,500 $0 $0
2019 $112,500 $59,000 $0 $0
2018 $112,500 $52,803 $0 $0
2017 $1,115 $52,536 $0 $0
2016 $0 $51,364 $0 $0
2014 -- $48,504 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31353821

Michigan Multiple Listing Service

APN: XM0-000-0361-00