NOT LISTED FOR SALE

157 E Butler St Adrian, MI 49221

Estimated Value: $124,000 - $182,000

6 Beds
4 Baths
3,817 Sq Ft
$40/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $93,039 $24 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $850/month

About This Home

As of March 2020

This home is located at 157 E Butler St, Adrian, MI 49221 since 16 March 2020 and is currently estimated at $152,333, approximately $39 per square foot. This property was built in 1900. 157 E Butler St is a home located in Lenawee County with nearby schools including Adrian High School, Berean Baptist Academy, and St. Joseph Academy.

Last Agent to Sell the Property

Mark Baker

Foundation Realty, LLC License #LCAR-6502138749 Listed on: 03/16/2020

Last Buyer's Agent

Mark Baker

Foundation Realty, LLC License #LCAR-6502138749 Listed on: 03/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 65x148
  • Corner Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-000-0288-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1900
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Estimated
  • Estimated Sq Ft: 3817

Exterior Features

  • Construction: Vinyl Siding
  • Frontage: 65
  • Foundation Type: Basement
  • Roads: Paved Street, City/County

Utilities

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

Lot Info

  • Assessor Parcel Number: XA0-000-0288-00
  • Location: Corner Lot
  • Lot Dimensions: 65x148
  • Acreage: 0.22
  • Geo Subdivision: MI

Tax Info

  • SEV Year: 2019

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Mar 16, 2020
Sold by
Lee Villa Estates Llc
Bought by
Maumee Land Co Llc
Seller's Agent
Mark Baker
Foundation Realty, LLC
Buyer's Agent
Mark Baker
Foundation Realty, LLC
List Price
$93,039
Sold Price
$93,039
Current Estimated Value
$152,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,294
Avg. Annual Appreciation
10.50%
Original Mortgage
$667,500
Outstanding Balance
$596,427
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$439,094

Purchase Details

Listed on
Oct 3, 2016
Closed on
Dec 29, 2016
Sold by
Sternquist Robert Eugene and Sternquist Anne Chase
Bought by
Maumee Land Company Llc
Seller's Agent
Pamela Rose
Pamela K. Rose Auction Co. LLC - Troy
Buyer's Agent
Nmls Nmls
Non-MLS Member
List Price
$26,923
Sold Price
$26,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.15%
Source: Public Records

Similar Homes in Adrian, MI

  • 215 N Broad St, Adrian, MI 49221

    $117,500

    • 6 Beds
    • 3.5 Baths
    • 3,448 Sq Ft
    • 215 N Broad St
    • Adrian, MI

    Currently a duplex but can easily be a 3 unit. 3rd unit would have to be approved by the city of Adrian. The other 2 units were certified in 2023. Could be a great income producer.

    Marcia Randall Foundation Realty, LLC

    Section Image
  • 242 Division St, Adrian, MI 49221

    $175,000

    • 7 Beds
    • 6 Baths
    • 2,543 Sq Ft
    • 242 Division St
    • Adrian, MI

    Check out this 6 unit multifamily in Adrian. This property includes 3 one bedroom and 3 efficiency apartments. Tenant pays their own electric and the landlord pays gas, garbage and lawncare.

    Alexis Mattison Front Street Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Maumee Land Co Llc $445,000 None Available
Maumee Land Company Llc $605,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maumee Land Co Llc $667,500
Previous Owner Sternquist Robert E $86,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $93,039 0.0% $24 / Sq Ft
03/16/2020 03/16/20 For Sale $93,039 +245.6% $24 / Sq Ft
01/09/2020 01/09/20 Pending -- -- --
12/29/2016 12/29/16 Sold $26,923 0.0% $7 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
10/03/2016 10/03/16 For Sale $26,923 -- $7 / 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
2024 $27 $3,400 $0 $0
2023 $1,303 $2,500 $0 $0
2022 $1,115 $19,500 $0 $0
2021 $1,095 $17,800 $0 $0
2020 $2,380 $43,900 $0 $0
2019 $1,696 $38,700 $0 $0
2018 $2,295 $44,802 $0 $0
2017 $2,270 $36,659 $0 $0
2016 $2,273 $41,561 $0 $0
2014 -- $40,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50008435

Michigan Multiple Listing Service

APN: XA0-000-0288-00