$240,000
SOLD AUG 28, 2018

1523 Saint Clair River Dr Algonac, MI 48001

10 Beds
7 Baths
4,564 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

17% Below List Price

46 Days on Market

Highlights

  • Colonial Architecture
  • Fenced Yard
  • Porch
  • Corner Lot
  • Balcony
  • 2-minute walk to Algonac City Park

About This Home

As of December 2022

This is the investment property that you have been looking for. You will have great positive cash flow from day one. The owner is also selling the 4 unit complex that is next door. Both buildings are very well maintained and fully occupied.

Last Agent to Sell the Property

Paul Prinzi

Real Estate One Chesterfield License #MISPE-6501379803 Listed on: 05/04/2018

Real Estate One Chesterfield

Last Buyer's Agent

Harry Lee

EXP Realty LLC License #RCO-6501376856

EXP Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

Year Built

  • Built in 1995

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Fenced Yard
  • Corner Lot
  • Historic Home

Parking

  • 3 Car Parking Spaces

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Block Basement Construction
  • Oven or Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Full Bathrooms

Outdoor Features

  • Balcony
  • Shed
  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • Association fees include electric included, gas, snow removal, trash removal, water
  • 7 Units
  • Village Of Algonac Subdivision
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number 01-105-0444-000

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,524

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type: Apartment, Historic
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Sub Structure Types: Shed
  • Total Tax Amount: 3524
  • Total Tax Year: 2017
  • Year Built: 1995
  • Mail City: Algonac
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 10
  • Bathroom Description: First Flr Bath Lav/Half
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Dining Kitchen: Dining "L"
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 4564

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Fenced Yard, Porch, Sidewalks, Exterior Balcony
  • Frontage: 60
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Included, Gas, Snow Removal, Trash Removal, Water
  • Community Amenities: Grounds Maintenance, Sidewalks

Lot Info

  • Assessor Parcel Number: 01-105-0444-000
  • Location: Corner Lot
  • Lot Dimensions: 60x125
  • Acreage: 0.17
  • Lot Description: Sidewalks
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Snow Removal, Taxes, Trash Removal, Water/Sewer, Electric, Gas

Tax Info

  • Summer Tax: Year: 2017, Amount: $3,338.00
  • Winter Tax: Year: 2017, Amount: $186.00
  • Total Tax: Year: 2017, Amount: $3,524.00
  • SEV Year: 2016

Multi Family

  • Total Units: 7

MLS Schools

  • School District: Algonac Community School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Jan 18, 2023
Sold by
North Oakland Investments Llc
Bought by
1523 Saint Clair River Llc
Seller's Agent
Mike Blake
Epique Inc.
Buyer's Agent
Kevin Stewart
Stewart Team R E Partners Inc
List Price
$579,900
Sold Price
$550,000
Premium/Discount to List
-$29,900
-5.16%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%

Purchase Details

Listed on
May 4, 2018
Closed on
Sep 17, 2018
Sold by
Pastoria Equities Llc
Bought by
Lee Harry
Seller's Agent
Paul Prinzi
Real Estate One Chesterfield
Buyer's Agent
Harry Lee
EXP Realty LLC
List Price
$289,900
Sold Price
$240,000
Premium/Discount to List
-$49,900
-17.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.11%

Purchase Details

Listed on
May 4, 2018
Closed on
Aug 24, 2018
Sold by
Pastoria Equities Llc
Bought by
Lee Harry
Seller's Agent
Paul Prinzi
Real Estate One Chesterfield
Buyer's Agent
Harry Lee
EXP Realty LLC
List Price
$289,900
Sold Price
$240,000
Premium/Discount to List
-$49,900
-17.21%

Purchase Details

Closed on
Oct 27, 2015
Sold by
Lucido Eda
Bought by
Pastoria Equities Llc

Purchase Details

Closed on
May 30, 2014
Sold by
Pastoria David
Bought by
Lucido Eda

Purchase Details

Closed on
Feb 23, 2012
Sold by
Pastoria Equities Llc
Bought by
Pastoria David
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 Type Sale Price Title Company
Warranty Deed $550,000 --
Warranty Deed $550,000 --
Warranty Deed $240,000 New Title Company Name
Warranty Deed $240,000 New Title Company Name
Warranty Deed $240,000 New Title Company Name
Warranty Deed $240,000 New Title Company Name
Quit Claim Deed $133 --
Quit Claim Deed $133 --
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $175,000 Construction
Previous Owner $175,000 New Conventional
Previous Owner $65,000 New Conventional
Previous Owner $317,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $795,000 +44.5% $174 / Sq Ft
12/27/2022 12/27/22 Sold $550,000 0.0% $122 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/09/2022 11/09/22 Price Changed $550,000 -5.2% $122 / Sq Ft
10/07/2022 10/07/22 For Sale $579,900 +673.2% $129 / Sq Ft
05/14/2020 05/14/20 Sold $75,000 -24.2% $16 / Sq Ft
04/29/2020 04/29/20 Pending -- -- --
04/23/2020 04/23/20 Price Changed $99,000 -31.7% $22 / Sq Ft
03/10/2020 03/10/20 Price Changed $145,000 0.0% $32 / Sq Ft
03/10/2020 03/10/20 For Sale $145,000 -3.3% $32 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/27/2020 02/27/20 Price Changed $149,900 -25.0% $33 / Sq Ft
02/25/2020 02/25/20 Price Changed $199,900 -4.4% $44 / Sq Ft
02/18/2020 02/18/20 Price Changed $209,000 -16.1% $46 / Sq Ft
01/10/2020 01/10/20 Price Changed $249,000 -9.4% $55 / Sq Ft
06/10/2019 06/10/19 Price Changed $274,900 -8.1% $60 / Sq Ft
05/31/2019 05/31/19 For Sale $299,000 +24.6% $66 / Sq Ft
08/28/2018 08/28/18 Sold $240,000 -11.1% $53 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
06/15/2018 06/15/18 Price Changed $269,900 +3.8% $59 / Sq Ft
05/16/2018 05/16/18 Price Changed $259,900 -10.3% $57 / Sq Ft
05/04/2018 05/04/18 For Sale $289,900 -- $64 / 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 $5,996 $118,300 $0 $0
2024 $5,996 $112,400 $0 $0
2023 $5,793 $109,800 $0 $0
2022 $4,231 $80,700 $0 $0
2021 $4,086 $73,000 $0 $0
2020 $4,254 $74,900 $20,500 $54,400
2019 $4,190 $74,100 $0 $0
2018 $3,690 $65,900 $0 $0
2017 $3,524 $62,900 $0 $0
2016 $3,318 $62,900 $0 $0
2015 -- $58,200 $23,300 $34,900
2014 -- $62,000 $23,300 $38,700
2013 -- $72,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31346553

Michigan Multiple Listing Service

APN: 01-105-0444-000