NOT LISTED FOR SALE

1544 Hanover St Lincoln Park, MI 48146

Estimated Value: $154,000 - $182,000

-- Bed
-- Bath
-- Sq Ft
6,316 Sq Ft Lot

Last Sold April 12, 2024

Last sale price $145,000

Est. 15% increase in value since last sale

Current estimated payment $1,009/month

5 Days on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • Heating System Uses Natural Gas
  • Central Air

About This Home

As of April 2024

Calling all investors! Turnkey fully occupied 2-unit complex. Each unit is 1 BD, 1 BA. Updates include hot water tank, roof, and gutters. All units are month-to-month with long-term tenants. Owner pays water bill. Each unit has a separate gas & electric hook up. Current rents are below market value. Avg rent for a 1 bedroom in Lincoln Park is $850/mo. Both units are the same but flipflopped. Call Steve with questions.

Last Agent to Sell the Property

Stephen Hohl

KW Professionals License #6501420413 Listed on: 03/01/2024

KW Professionals

Co-Listed By

Jeffrey Packer

Preferred, Realtors Ltd License #6501336070

Last Buyer's Agent

Celeste Gee

RE/MAX Leading Edge License #6501376866

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,815

Year Built

  • Built in 1966

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 60x105

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1 Fireplace

Laundry

  • Laundry in unit
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Individual Gas Meter
  • High Speed Internet
  • Internet Available
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $15,000

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,815

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1966
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60x105
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1814.61
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Heat Type:Wall Furnace: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Slab: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features Washer Hookup: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 150000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Wall Furnace, Natural Gas
  • Heating: Yes
  • Laundry Features: In Unit, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 60x105
  • Lot Size Sq Ft: 6316.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Income: 15000.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1814.61
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 22, 2024
Sold by
Callender Milton A
Bought by
Caluag Jimmy C and Caluag Lindsay A
Seller's Agent
Stephen Hohl
KW Professionals
Buyer's Agent
Celeste Gee
RE/MAX Leading Edge
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Views
28
Current Estimated Value
$166,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,771
Avg. Annual Appreciation
9.44%
Original Mortgage
$80,000
Outstanding Balance
$78,805
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$87,966
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
Caluag Jimmy C $145,000 Title One
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caluag Jimmy C $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2024 04/12/24 Sold $145,000 -3.3% --
03/06/2024 03/06/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $150,000 -- --
Source: MichRIC

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 $1,627 $88,600 $0 $0
2024 $1,627 $55,900 $0 $0
2023 $1,544 $51,300 $0 $0
2022 $1,723 $43,600 $0 $0
2021 $1,681 $40,800 $0 $0
2020 $1,664 $48,500 $0 $0
2019 $1,393 $39,300 $0 $0
2018 $1,286 $21,900 $0 $0
2017 $685 $22,400 $0 $0
2016 $1,586 $22,200 $0 $0
2015 $2,180 $21,800 $0 $0
2013 $2,320 $23,700 $0 $0
2012 $1,961 $25,100 $6,700 $18,400
Source: Public Records

Agents Affiliated with this Home

  • Stephen Hohl

    Seller's Agent in 2024

    Stephen Hohl

    KW Professionals

    (734) 891-7153

    2 in this area

    126 Total Sales

    Stephen Hohl
    Section Image
  • Jeffrey Packer

    Seller Co-Listing Agent in 2024

    Jeffrey Packer

    Preferred, Realtors Ltd

    (248) 756-7992

    6 in this area

    524 Total Sales

    Jeffrey Packer
    Section Image
  • Celeste Gee

    Buyer's Agent in 2024

    Celeste Gee

    RE/MAX

    (734) 624-0648

    23 in this area

    127 Total Sales

    Celeste Gee
    Section Image
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Map

Source: MichRIC

MLS Number: 24010019

MichRIC

APN: 45-006-03-0069-000

Michigan Wayne County Lincoln Park 48146

1544 Hanover St, Lincoln Park, MI

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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