NOT LISTED FOR SALE

1401 Fourth St Jackson, MI 49203

Falling Waters Neighborhood

Estimated Value: $80,000 - $152,000

2 Beds
2 Baths
1,463 Sq Ft
$73/Sq Ft Est. Value

Last Sold February 20, 2020

Last sale price $47,500 $32 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $649/month

217 Days on Market

About This Home

As of February 2020

Great Money Maker! 2 Unit in the city that's fully rented. Lower unit rents for $500/month plus utilities. Has furnace and water heater. Upper unit pays $500/month plus gas and electric. 2 car garage. Rent is reduced by $50/month to accomodate utilities in lower unit.

Last Agent to Sell the Property

Sharon Norton

RE/MAX MID-MICHIGAN R.E. License #6501286070 Listed on: 07/08/2019

RE/MAX MID-MICHIGAN R.E.

Last Buyer's Agent

Ray Snell

EXIT REALTY 1ST LLC License #6501330536

EXIT REALTY 1ST LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $946

Year Built

  • Built in 1870

Lot Details

  • 5,227

Additional Features

  • 5,227 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Operating Expense $3,000
  • Net Operating Income $17,400

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$946

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 55000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.2

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Net Operating Income: 17400.0
  • Operating Expense: 3000.0

Tax Info

  • Tax Annual Amount: 945.51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2019
Closed on
Feb 20, 2020
Sold by
Chmielewski Chris and Chmielewski Steven John
Bought by
Young Denzel and Brown Misti Gail
Seller's Agent
Sharon Norton
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
Ray Snell
EXIT REALTY 1ST LLC
Sold Price
$47,500
Current Estimated Value
$100,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,072
Avg. Annual Appreciation
14.64%

Purchase Details

Closed on
Jul 10, 2017
Sold by
Chmielewski Chris
Bought by
Chmielewski Steven John

Purchase Details

Closed on
Jun 24, 2014
Sold by
The Partlow Family Trust
Bought by
Chmielewski Chris

Purchase Details

Closed on
Jun 13, 2014
Sold by
Atkinson William and Atkinson Carol
Bought by
The Partlow Family Trust

Purchase Details

Closed on
Jan 16, 2013
Sold by
Partlow Frederick and Partlow Kathleen A
Bought by
The Partlow Family Revocable Trust

Purchase Details

Closed on
Sep 4, 2012
Sold by
Estate Of Mary Phelps
Bought by
Partlow Frederick and Partlow Kathleen A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Young Denzel $47,500 None Available
Chmielewski Steven John -- None Available
Chmielewski Chris -- None Available
The Partlow Family Trust -- None Available
The Partlow Family Revocable Trust -- None Available
Partlow Frederick -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2020 02/20/20 Sold $47,500 -- $32 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
Source: MichRIC

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 $1,477 $35,500 $0 $0
2024 $13 $30,600 $0 $0
2023 $3,046 $28,200 $0 $0
2022 $1,350 $24,000 $0 $0
2021 $1,336 $18,900 $0 $0
2020 $1,019 $16,950 $0 $0
2019 $991 $16,300 $0 $0
2018 $946 $15,700 $0 $0
2017 $867 $17,050 $0 $0
2016 $747 $16,900 $16,900 $0
2015 $986 $13,350 $13,350 $0
2014 $986 $15,900 $15,900 $0
2013 -- $15,900 $15,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Sharon Norton

    Seller's Agent in 2020

    Sharon Norton

    RE/MAX Michigan

    (517) 789-9945

    5 in this area

    85 Total Sales

    Sharon Norton
    Section Image

  • R

    Buyer's Agent in 2020

    Ray Snell

    EXIT REALTY 1ST LLC

    Section Image
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Map

Source: MichRIC

MLS Number: 21034883

MichRIC

APN: 3-229400000

Michigan Jackson County Jackson 49203 Falling Waters

1401 Fourth St, Jackson, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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