NOT LISTED FOR SALE

1356 Ferris Ave Lincoln Park, MI 48146

Estimated Value: $172,000 - $196,000

4 Beds
2 Baths
1,786 Sq Ft
$102/Sq Ft Est. Value

Last Sold January 20, 2016

Last sale price $60,000 $34 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $1,186/month

12 Days on Market

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • 4-minute walk to VFW Park

About This Home

As of January 2016

INVESTORS!!! No properties out there?? This one is ready to GO! Two 2 bedroom/1 bath units, both currently rented. Corner lot, vinyl windows, updated furnaces (07 and 14), ceiling fans in all bedrooms and dining rooms. All inspections done already for rental and pre-sale. Start making money right away on this one. Not an investor? Live in one side and rent the other!! This one will not last!!

Last Agent to Sell the Property

Mark Lizyness

RE/MAX Masters License #6506046759 Listed on: 12/07/2015

RE/MAX Masters

Last Buyer's Agent

Jerry Parr

Premiere Realty Group LLC License #6301249034

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60.00x100.00

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,786 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Robindale Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 45002050071000

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Private
  • Sq Ft Combined: 1786
  • Total Sq Ft: 1786
  • Sq Ft Total Bsmt: 858

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Exclusions: Yes
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Lincoln Park

Lot Info

  • List Price per Acre: 463571.4286
  • Lot Size Area: 0.14
  • Lot Dimensions: 60.00X100.00
  • Parcel Number: 45002050071000
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1300

Tax Info

  • Tax Amount Summer: 1734.0000
  • Tax Amount Winter: 401.0000
  • Total Tax: 2135.0000

Multi Family

  • Gross Scheduled Income: 15600.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Lincoln Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2016
Sold by
Aaus Llc
Bought by
Hasan Emsal
Current Estimated Value
$182,586

Purchase Details

Listed on
Dec 7, 2015
Closed on
Jan 20, 2016
Sold by
Gmld Properties Llc
Bought by
Aaus Llc
Seller's Agent
Mark Lizyness
RE/MAX Masters
Buyer's Agent
Jerry Parr
Premiere Realty Group LLC
List Price
$64,900
Sold Price
$60,000
Premium/Discount to List
-$4,900
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.51%

Purchase Details

Closed on
Jul 28, 2008
Sold by
Dulecki Gerald S and Dulecki Mary Lynn
Bought by
Gmld Properties Llc

Purchase Details

Closed on
Mar 22, 1996
Sold by
Roy A and Roy Patrice Tomlin
Bought by
Marie Robert and Marie Lepage
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
Hasan Emsal $75,000 First American Title Ins Co
Aaus Llc $60,000 First American Title Ins Co
Gmld Properties Llc -- None Available
Marie Robert $54,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2016 01/20/16 Sold $60,000 -7.6% $34 / Sq Ft
12/19/2015 12/19/15 Pending -- -- --
12/07/2015 12/07/15 For Sale $64,900 -- $36 / 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 $2,288 $90,100 $0 $0
2024 $2,288 $83,400 $0 $0
2023 $2,172 $69,700 $0 $0
2022 $2,422 $58,800 $0 $0
2021 $2,363 $51,500 $0 $0
2020 $2,339 $46,100 $0 $0
2019 $1,959 $37,500 $0 $0
2018 $1,808 $30,800 $0 $0
2017 $893 $30,800 $0 $0
2016 $2,118 $29,900 $0 $0
2015 $2,930 $29,300 $0 $0
2013 $3,130 $32,700 $0 $0
2012 $2,642 $33,800 $6,700 $27,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215129717

Realcomp

APN: 45-002-05-0071-000