NOT LISTED FOR SALE

141 E Maple Ave Adrian, MI 49221

Estimated Value: $139,000 - $166,286

4 Beds
2 Baths
1,835 Sq Ft
$85/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $92,500 $50 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,077/month

122 Days on Market

About This Home

As of May 2021

A great income property currently generating $1,100 Net Income. Keep renting it or move into one side and have the other unit make your mortgage payment! Upper and lower duplex. Each unit has 2 bedrooms, a full bathroom, living room, kitchen, and good off street parking at the rear. Both units are currently occupied. Each unit has separate utilities and separate furnace/boiler units. Upper unit has possible 3rd bedroom. Don't miss out, schedule your showing TODAY!!!

Last Agent to Sell the Property

Adam Keller

Foundation Realty, LLC License #lcar Listed on: 12/12/2020

Last Buyer's Agent

Vickie Matthews

Charles Reinhart Co-W Stadium License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x132

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Basement
  • Basement Storage

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Parking Spaces
  • On-Street Parking

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-000-0217-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,865

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1864.69
  • Total Tax Year: 2018
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Common
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior Features: Porch, Sidewalks, Street Lights
  • Frontage: 40
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces, On Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Window Unit(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-000-0217-00
  • Location: Main Street
  • Lot Dimensions: 40x132
  • Acreage: 0.12
  • Zoning: Multi-Family, Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2018, Amount: $1,326.29
  • Winter Tax: Year: 2018, Amount: $538.40
  • Total Tax: Year: 2018, Amount: $1,864.69

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2020
Closed on
May 19, 2021
Sold by
Henry Andrew
Bought by
Mefford Evan L
Seller's Agent
Adam Keller
Foundation Realty, LLC
Buyer's Agent
Vickie Matthews
Charles Reinhart Co-W Stadium
List Price
$109,900
Sold Price
$92,500
Premium/Discount to List
-$17,400
-15.83%
Current Estimated Value
$155,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,322
Avg. Annual Appreciation
11.98%
Original Mortgage
$67,500
Outstanding Balance
$61,172
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$94,650

Purchase Details

Listed on
May 9, 2017
Closed on
Nov 10, 2017
Sold by
Youngs Richard B and Youngs Jacqueline L
Bought by
Henry Andrew and Henry Stephanie
Seller's Agent
Steve Sack
Foundation Realty, LLC
Buyer's Agent
Mark Baker
Foundation Realty, LLC
List Price
$71,900
Sold Price
$62,000
Premium/Discount to List
-$9,900
-13.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.04%
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
Mefford Evan L $92,500 None Available
Henry Andrew $62,000 Prestige Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mefford Evan L $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2021 05/19/21 Sold $92,500 -11.8% $50 / Sq Ft
02/23/2021 02/23/21 Price Changed $104,900 -4.5% $57 / Sq Ft
12/14/2020 12/14/20 For Sale $109,900 +77.3% $60 / Sq Ft
11/10/2017 11/10/17 Sold $62,000 0.0% $34 / Sq Ft View Prior Sale
11/09/2017 11/09/17 Off Market $62,000 -- --
08/14/2017 08/14/17 Price Changed $71,900 0.0% $39 / Sq Ft
08/14/2017 08/14/17 For Sale $71,900 +16.0% $39 / Sq Ft
08/08/2017 08/08/17 Off Market $62,000 -- --
08/03/2017 08/03/17 Price Changed $73,900 -2.6% $40 / Sq Ft
07/10/2017 07/10/17 Price Changed $75,900 -8.4% $41 / Sq Ft
05/09/2017 05/09/17 For Sale $82,900 -- $45 / 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 $3,125 $53,600 $0 $0
2024 $2,411 $48,900 $0 $0
2023 $2,989 $43,900 $0 $0
2022 $3,726 $39,700 $0 $0
2021 $1,882 $36,100 $0 $0
2020 $1,869 $32,800 $0 $0
2019 $81,185 $29,600 $0 $0
2018 $1,834 $35,087 $0 $0
2017 $1,742 $29,891 $0 $0
2016 $1,596 $27,747 $0 $0
2014 -- $28,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50030595

Michigan Multiple Listing Service

APN: XA0-000-0217-00