NOT LISTED FOR SALE

1407 First St Jackson, MI 49203

Falling Waters Neighborhood

Estimated Value: $94,000 - $113,000

3 Beds
2 Baths
1,342 Sq Ft
$77/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $85,000 $63 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $666/month

5 Days on Market

Highlights

  • Forced Air Heating System
  • Sharp Park Academy Rated A-
  • Wood Siding

About This Home

As of May 2021

Located near the Central Business District in the City of Jackson, this duplex is certified and making money. Both units are rented, one tenant has been there a very long time. Both units are 2 bedrooms with separate utilities. Property has a 2 car garage and is on a double lot. Property is currently producing approximately a 13% cap rate and DSCR of 1.45x for financing. Call for your private showing and we can make this your first or next income producing property in your portfolio.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 03/31/2021

Last Buyer's Agent

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416

HOWARD HANNA REAL ESTATE SERVI

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $738

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • The owner pays for water

Community Details

Overview

  • Summitville Add Subdivision

Building Details

  • Operating Expense $6,976
  • Gross Income $15,600
  • Net Operating Income $27,339

Property Details

Home Type

Apartment

Est. Annual Taxes

$738

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 88900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Trash Collection, Gas

Multi Family

  • Gross Income: 15600.0
  • Net Operating Income: 27339.0
  • Operating Expense: 6976.0

Tax Info

  • Tax Annual Amount: 738.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
May 7, 2021
Sold by
Saldivar Eliud
Bought by
Saldivar Eliud and Sanchez Solis Karla
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Heather Herndon
HOWARD HANNA REAL ESTATE SERVI
Sold Price
$85,000
Current Estimated Value
$103,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,224
Avg. Annual Appreciation
4.82%
Original Mortgage
$63,750
Outstanding Balance
$58,140
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$46,237

Purchase Details

Listed on
Mar 31, 2021
Closed on
May 5, 2021
Sold by
Cranton Anderson J and Cranton Dorothy E
Bought by
Saldivar Elius
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Heather Herndon
HOWARD HANNA REAL ESTATE SERVI
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Outstanding Balance
$58,140
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$46,237

Purchase Details

Closed on
Jul 26, 2018
Sold by
Crampton Dorothy E and Crampton Willard D
Bought by
Crampton Dorothy E and Dorothy E Crampton Trust
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
Saldivar Eliud -- None Available
Saldivar Elius $85,000 None Available
Crampton Dorothy E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saldivar Eliud $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $85,000 -- $63 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

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 $1,392 $27,200 $0 $0
2024 $1,204 $25,700 $0 $0
2023 $1,155 $22,100 $0 $0
2022 $1,273 $18,400 $0 $0
2021 $748 $16,200 $0 $0
2020 $739 $14,600 $0 $0
2019 $719 $12,350 $0 $0
2018 $686 $10,050 $0 $0
2017 $629 $9,800 $0 $0
2016 $592 $10,600 $10,600 $0
2015 $741 $11,500 $11,500 $0
2014 $741 $11,950 $11,950 $0
2013 -- $11,950 $11,950 $0
Source: Public Records

Agents Affiliated with this Home

  • Doug Beiswanger

    Seller's Agent in 2021

    Doug Beiswanger

    Coldwell Banker Beiswanger Realty Group

    (517) 914-9555

    2 in this area

    490 Total Sales

    Doug Beiswanger
    Section Image
  • Heather Herndon

    Buyer's Agent in 2021

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    5 in this area

    785 Total Sales

    Heather Herndon
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21034762

Southwestern Michigan Association of REALTORS®

APN: 4-139800000

Michigan Jackson County Jackson 49203 Falling Waters

1407 First St, Jackson, MI

This home is located at 1407 First St, Jackson, MI 49203 since 31 March 2021 and is currently estimated at $103,224, approximately $76 per square foot. This property was built in 1910. 1407 First St is a home located in Jackson County with nearby schools including Cascades School, Sharp Park Academy, and Middle School at Parkside.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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