NOT LISTED FOR SALE

1502 Chapin St Jackson, MI 49203

Poletown Neighborhood

Estimated Value: $82,000 - $118,000

3 Beds
2 Baths
-- Sq Ft
5,271 Sq Ft Lot

Last Sold April 14, 2023

Last sale price $75,000

Est. 32% increase in value since last sale

Current estimated payment $708/month

10 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 3-minute walk to Rotary Playground

About This Home

As of April 2023

Attention Investors! This fully leased duplex is priced right for a strong ROI. The lower 2BR unit is currently rented for $800 and $700 for the upper 1BR. Both tenants are in good standing and would like to remain long-term. Seller has made numerous updates in the process of finalizing the City Certification, which should be completed prior to closing. This property is ideally located within walking distance to great shopping, parks and restaurants, as well as quick access to a I-94 and US-127. Contact REALTOR today to schedule your private tour!

Last Agent to Sell the Property

Scott Timms

Coldwell Banker Beiswanger Realty Group License #6501424452 Listed on: 03/21/2023

Last Buyer's Agent

Watson Brothers Team

Coldwell Banker Beiswanger Realty Group License #0000000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,255

Year Built

  • Built in 1886

Lot Details

  • 5,271

Parking

  • 2 Parking Spaces

Home Design

  • Aluminum Siding

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 44x116

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $2,500
  • Utility Expense $2,800
  • Operating Expense $10,350
  • Gross Income $18,000
  • Net Operating Income $7,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,255

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1886
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 44x116
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1255.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 69900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected, Broadband

Lot Info

  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 18000.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2500.0
  • Net Operating Income: 7650.0
  • Number of Units Total: 2
  • Operating Expense: 10350.0

Tax Info

  • Tax Annual Amount: 1255.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2021
Sold by
Bradley Jerimie M
Bought by
Tgo Credit I Llc
Current Estimated Value
$99,258

Purchase Details

Closed on
Jan 22, 2021
Sold by
Wilmington Savings Fund Society
Bought by
Tgo Credit I Llc

Purchase Details

Closed on
Feb 1, 2017
Sold by
Sg Capital Partners Llc
Bought by
Wilmington Savings Fund Society Fsb and The Dester Group Trust

Purchase Details

Closed on
Dec 8, 2015
Sold by
Harbour Portfolio Vii Lp
Bought by
Sg Capital Partners Llc

Purchase Details

Closed on
Mar 26, 2007
Sold by
Smolak Boleslaus and Smolak Theresa
Bought by
Burzynski Dave P and Burzynski Donna J

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
6.19%
Mortgage Type
Purchase Money Mortgage
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
Tgo Credit I Llc -- None Available
Tgo Credit I Llc $33,295 None Available
Wilmington Savings Fund Society Fsb $28,400 None Available
Sg Capital Partners Llc $28,992 Attorney
Burzynski Dave P $50,000 Abstract Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burzynski Dave P $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $75,000 +7.3% --
03/21/2023 03/21/23 For Sale $69,900 -- --
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 $2,018 $37,200 $0 $0
2024 $1,745 $29,400 $0 $0
2023 $854 $24,300 $0 $0
2022 $1,089 $22,500 $0 $0
2021 $692 $19,650 $0 $0
2020 $685 $18,350 $0 $0
2019 $664 $15,700 $0 $0
2018 $627 $15,100 $0 $0
2017 $561 $14,650 $0 $0
2016 $455 $12,900 $12,900 $0
2015 $937 $12,050 $12,050 $0
2014 $937 $15,100 $15,100 $0
2013 -- $15,100 $15,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Timms

    Seller's Agent in 2023

    Scott Timms

    Coldwell Banker Beiswanger Realty Group

    (517) 817-9517

    5 in this area

    160 Total Sales

    Scott Timms
    Section Image

  • W

    Buyer's Agent in 2023

    Watson Brothers Team

    Coldwell Banker Beiswanger Realty Group

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23008120

Southwestern Michigan Association of REALTORS®

APN: 6-044400000

Michigan Jackson County Jackson 49203 Poletown

1502 Chapin St, Jackson, MI

This home is located at 1502 Chapin St, Jackson, MI 49203 since 21 March 2023 and is currently estimated at $99,258. This property was built in 1886. 1502 Chapin St is a home located in Jackson County with nearby schools including Middle School at Parkside, Jackson High School, and St. Mary Star of the Sea 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.

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