NOT LISTED FOR SALE

1428 W Main St Owosso, MI 48867

Estimated Value: $106,000 - $121,664

3 Beds
2 Baths
1,426 Sq Ft
$81/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $110,000 $77 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $740/month

13 Days on Market

Highlights

  • Fenced Yard
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of October 2024

Ready to start building your financial future? This 2-unit rental property is your chance to step into the world of real estate investing and watch your money work for you. The current owner is retiring and passing on a well-maintained asset that's been cared for with dedication and sweat equity. Why This Property? Separate Utilities: Tenants handle their own gas and electric, while you cover the water—keeping things simple and straightforward. Unique Charm: Featuring Queen Anne glass windows and distinctive architecture, this property stands out from the rest and will attract quality tenants. Solid Investment: With the potential for steady rental income, this property is a smart move towards building your wealth and achieving financial independence. All you need is a knack for people skills and a willingness to learn the ropes of property management. This is more than just a real estate deal—it's your first step towards long-term success. Come see it for yourself and start your journey to financial freedom today!

Last Agent to Sell the Property

Lance Omer

RE/MAX OF OWOSSO License #SAOR-6502128841 Listed on: 08/29/2024

RE/MAX OF OWOSSO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 48 x 132
  • Fenced Yard

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Oven or Range
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 050-090-001-008-00

Community Details

Overview

  • 2 Units
  • Ab Chipmans Addition To The City Of Owosso Subdivision

Building Details

  • Net Operating Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,653

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Originating MLS: Greater Shiawassee Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1653
  • Total Tax Year: 2023
  • Year Built: 1920
  • Mail City: Owosso
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Poured
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Source of Sq Ft: Assessors Data

Exterior Features

  • Construction: Brick
  • Exterior Features: Fenced Yard
  • Frontage: 48
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Attached Garage

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 050-090-001-008-00
  • Lot Dimensions: 48 x 132
  • Acreage: 0.15
  • Geo Subdivision: MI

Rental Info

  • Total Expenses: 7987

Tax Info

  • Summer Tax: Year: 2024, Amount: $757.00
  • Winter Tax: Year: 2023, Amount: $896.00
  • Total Tax: Year: 2023, Amount: $1,653.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Owosso Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Oct 10, 2024
Sold by
Flagg Earl and Flagg Brenda
Bought by
Fear Avery N
Seller's Agent
Lance Omer
RE/MAX OF OWOSSO
List Price
$119,000
Sold Price
$110,000
Premium/Discount to List
-$9,000
-7.56%
Views
15
Current Estimated Value
$115,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,166
Avg. Annual Appreciation
4.07%
Original Mortgage
$108,007
Outstanding Balance
$106,872
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$8,294

Purchase Details

Closed on
Nov 19, 2018
Sold by
Chris Toney
Bought by
Annoni Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,200
Interest Rate
4.94%

Purchase Details

Closed on
Jul 25, 2003
Sold by
Mccall Ruth
Bought by
Flagg Earl and Flagg Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
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
Fear Avery N $110,000 Cislo Title
Annoni Matthew $174,000 --
Flagg Earl $42,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fear Avery N $108,007
Previous Owner Annoni Matthew $139,200
Previous Owner Annoni Matthew --
Previous Owner Flagg Earl $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2024 10/10/24 Sold $110,000 -7.6% $77 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $119,000 -- $83 / 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 $1,610 $46,600 $0 $0
2024 $1,610 $42,600 $0 $0
2023 $715 $37,700 $0 $0
2022 $1,551 $34,300 $0 $0
2021 $1,480 $32,200 $0 $0
2020 $1,508 $29,900 $0 $0
2019 $1,481 $22,700 $0 $0
2018 -- $22,600 $0 $0
2017 -- $22,300 $0 $0
2016 -- $22,300 $0 $0
2015 -- $22,100 $0 $0
2014 -- $21,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lance Omer

    Seller's Agent in 2024

    Lance Omer

    RE/MAX Michigan

    (989) 720-3592

    47 in this area

    80 Total Sales

    Lance Omer
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50154579

Michigan Multiple Listing Service

APN: 050-090-001-008-00

Michigan Shiawassee County Owosso 48867

1428 W Main St, Owosso, MI

Not Listed for Sale

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