NOT LISTED FOR SALE

1490 Wells St Burton, MI 48529

South Side Neighborhood

Estimated Value: $114,000 - $143,000

4 Beds
3 Baths
2,240 Sq Ft
$57/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $83,000 $37 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $950/month

44 Days on Market

Highlights

  • 0.22 Acre Lot
  • Ceiling Fan
  • High Speed Internet
  • Forced Air Heating System
  • Dogs and Cats Allowed
  • Fenced

About This Home

As of December 2021

Perfectly updated turn-key multi-family investment property. Ideal for a discerning investor who is looking for strong cash flow on day one with all major improvements completed. Endless updates include new roof, windows, furnaces, dewatering system, electrical, water heater, and interior finishes. Generous parking space. Tenant pays their own gas/heat. Landlord provided electric and water.

Last Agent to Sell the Property

Mark Yuschak

American Associates Inc License #6502368686 Listed on: 10/24/2021

Last Buyer's Agent

Michael Sanchez

RE/MAX Edge License #6501305132

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949 | Remodeled in 2018

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 90.00x105.00
  • Fenced

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Sump Pump

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Dual Flush Toilets

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5930576254

Community Details

Overview

  • 3 Units
  • Baker Park Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1949 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Assessment: 474.12
  • Year Built: 1949
  • State Equalized Value: 51200.0000
  • Year Renovated: 2018
  • Foundation Features: Sump Pump
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Dual-Flush Toilet(s), High Spd Internet Avail
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2240
  • Total Sq Ft: 2240
  • Sq Ft Total Bsmt: 1120

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum, Vinyl
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 90
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 5

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)

Schools

  • School District: Bendle

Lot Info

  • Lot Size Area: 0.22
  • Lot Dimensions: 90.00X105.00
  • Parcel Number: 5930576254
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Heat, Water/Sewer, Water
  • Monthly Rental Income: 1750

Tax Info

  • Tax Amount Summer: 2409.0000
  • Tax Amount Winter: 941.0000
  • Total Tax: 3350.0000
  • Taxable Value: 40090.0000

Multi Family

  • Gross Scheduled Income: 21000.00
  • Number Of Units Total: 3
  • Unit Count: 2
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Bendle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2021
Closed on
Dec 16, 2021
Sold by
Covenant Investment Solutions Llc
Bought by
Sp Rentals Llc
Seller's Agent
Mark Yuschak
American Associates Inc
Buyer's Agent
Michael Sanchez
RE/MAX Edge
List Price
$99,000
Sold Price
$83,000
Premium/Discount to List
-$16,000
-16.16%
Current Estimated Value
$127,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,080
Avg. Annual Appreciation
12.20%

Purchase Details

Closed on
Aug 23, 2018
Sold by
Dumas Kevin and Dumas Karen
Bought by
Mey Investments Inc

Purchase Details

Closed on
Sep 29, 2008
Sold by
Avelo Mortgage Llc
Bought by
Dumas Kevin and Dumas Karen

Purchase Details

Closed on
Sep 19, 2007
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 8, 2007
Sold by
Darnell Ronald W
Bought by
Avelo Mortgage

Purchase Details

Closed on
Jan 23, 2006
Sold by
Pichiotino Daniel L and Henderson Marilyn A
Bought by
Darnell Ronald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,600
Interest Rate
8.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 23, 2004
Sold by
Klenk Tracy P
Bought by
Pichiotino Daniel L and Henderson Marilyn A

Purchase Details

Closed on
Feb 11, 2004
Sold by
Bastianelli James M
Bought by
Klenk Tracy P

Purchase Details

Closed on
Aug 8, 2001
Sold by
Seslar Victor and Seslar Patricia A
Bought by
Bankers Trust Company
Source: Public Records

Range of Values:

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Average Value
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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
Sp Rentals Llc $83,000 Liberty Title
Covenant Investment Solutions Llc -- Liberty Title
Mey Investments Inc $9,000 Liberty Title
Dumas Kevin $14,000 None Available
Federal National Mortgage Association -- None Available
Avelo Mortgage $61,500 None Available
Darnell Ronald W $87,000 Crossroads Title Agency
Pichiotino Daniel L $67,500 Metropolitan
Klenk Tracy P -- --
Bankers Trust Company $58,068 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sp Rentals Llc $77,000
Previous Owner Darnell Ronald W $69,600
Previous Owner Darnell Ronald W $17,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $83,000 -6.7% $37 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
11/22/2021 11/22/21 Price Changed $89,000 -10.1% $40 / Sq Ft
11/17/2021 11/17/21 For Sale $99,000 0.0% $44 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
10/24/2021 10/24/21 For Sale $99,000 +41.4% $44 / Sq Ft
12/12/2018 12/12/18 Sold $70,000 0.0% $31 / Sq Ft
11/30/2018 11/30/18 Pending -- -- --
11/26/2018 11/26/18 Price Changed $70,000 -6.7% $31 / Sq Ft
11/07/2018 11/07/18 Price Changed $75,000 -6.3% $33 / Sq Ft
10/24/2018 10/24/18 For Sale $80,000 -- $36 / Sq Ft
Source: Realcomp

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
2024 $3,090 $65,100 $0 $0
2023 $3,010 $65,000 $0 $0
2022 $2,443 $49,800 $0 $0
2021 $1,197 $51,200 $0 $0
2020 $2,673 $47,000 $0 $0
2019 $2,287 $38,800 $0 $0
2018 $3,265 $35,600 $0 $0
2017 $2,386 $35,600 $0 $0
2016 $2,251 $32,800 $0 $0
2015 $2,360 $0 $0 $0
2012 -- $28,600 $28,600 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark Yuschak

    American Associates Inc

    Section Image

  • M

    Buyer's Agent in 2021

    Michael Sanchez

    RE/MAX Michigan

    Section Image
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Map

Source: Realcomp

MLS Number: 2210089370

Realcomp

APN: 59-30-576-254

Michigan Genesee County Burton 48529 South Side

1490 Wells St, Burton, MI

This home is located at 1490 Wells St, Burton, MI 48529 since 24 October 2021 and is currently estimated at $127,080, approximately $56 per square foot. This property was built in 1949. 1490 Wells St is a home located in Genesee County with nearby schools including South Bendle Elementary School, West Bendle Elementary School, and Bendle Middle School.

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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