Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
(517) 684-2922
410 Total Sales
1 in Falling Waters
$175,000 Price
1407 First St Jackson, MI 49203
Falling Waters NeighborhoodEstimated Value: $85,000 - $115,000
3
Beds
2
Baths
1,342
Sq Ft
$76/Sq Ft
Est. Value
Highlights
- 0.2 Acre Lot
- Forced Air Heating System
- Wood Siding
- Sharp Park Academy Rated A-
About This Home
As of May 2021Located 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
Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 03/31/2021
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Property Details
Home Type
- Apartment
Est. Annual Taxes
- $738
Year Built
- Built in 1910
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
Parking
- Paved Parking
Home Design
- Wood Siding
- Vinyl Siding
Basement
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Space Heater
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- The owner pays for water
Community Details
Overview
- 2 Units
- Summitville Add Subdivision
Building Details
- Operating Expense $6,976
- Gross Income $15,600
- Net Operating Income $27,339
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 31, 2021
Closed on
May 7, 2021
Sold by
Saldivar Eliud
Bought by
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Heather Herndon
Howard Hanna Real Estate Services
Sold Price
$85,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,087
Avg. Annual Appreciation
3.49%
Original Mortgage
$63,750
Outstanding Balance
$56,655
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$45,432
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 Services
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
$56,655
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$45,432
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Falling Waters, MI
-
Doug Beiswanger
-
Cori Baumann
Cori Baumann
The Brokerage House
(517) 888-7376
67 Total Sales
1 in Falling Waters
$20,000 Price
-
Scott Timms
Scott Timms
Coldwell Banker Beiswanger Realty Group
(517) 684-2987
136 Total Sales
5 in Falling Waters
$74K - $146K Price Range
-
Missy Lord
Missy Lord
RE/MAX Real Estate Professionals Dewitt
(517) 272-8399
590 Total Sales
1 in Falling Waters
$170,000 Price
-
Heather Herndon
Heather Herndon
Howard Hanna Real Estate
(517) 742-3134
746 Total Sales
3 in Falling Waters
$93K - $120K Price Range
-
Kittyanne Latocki
Kittyanne Latocki
Production Realty
(517) 888-0674
157 Total Sales
1 in Falling Waters
$79,900 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| Saldivar Elius | $85,000 | None Available | |
| Crampton Dorothy E | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $63,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/07/2021 05/07/21 | Sold | $85,000 | -- | $63 / Sq Ft |
| 04/05/2021 04/05/21 | Pending | -- | -- | -- |
Source: MichRIC
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,231 | $30,000 | $0 | $0 |
| 2025 | $1,231 | $27,200 | $0 | $0 |
| 2024 | $12 | $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
1 in this area
410 Total Sales
-
Heather Herndon
Buyer's Agent in 2021
Heather Herndon
Howard Hanna Real Estate Services
(517) 787-9800
3 in this area
746 Total Sales
Map
Source: MichRIC
MLS Number: 21034762
APN: 4-139800000
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.
Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.
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