NOT LISTED FOR SALE

159 Moon Rd Spring Arbor, MI 49283

Estimated Value: $155,106 - $227,000

-- Bed
-- Bath
-- Sq Ft
0.37 Acres

Last Sold July 21, 2022

Last sale price $140,000

Est. 34% increase in value since last sale

Current estimated payment $1,295/month

39 Days on Market

About This Home

As of July 2022

Updated duplex in Spring Arbor. Upper and lower units each with 680 sq ft of living space. 2 bedrooms, 1 bath, living room and kitchen with eat-in space for each unit. Hardwood floors. Main floor unit has carport parking with concrete floor. Upper unit features a large balcony (recently updated) overlooking ball diamonds and basketball court across the street from Warner Elementary. Newer roof, furnaces and water heaters. Utilities are metered separately and tenants pay gas/electric?trash. New washer and dryer in shared basement. Great setting for kids to play and walk to Elementary School. Full basement and shed for storage. All major improvements are already completed. Leases are currently month to month. Walking distance to Spring Arbor University.

Last Agent to Sell the Property

TAD FRENCH

Five Star Real Estate-Cooper License #6501345481 Listed on: 05/06/2022

Last Buyer's Agent

Dana Howell

ERA REARDON REALTY, L.L.C. License #6502355055

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,355

Year Built

  • Built in 1970

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 140x153x101x160
  • Cul-De-Sac

Home Design

  • Composition Roof
  • Aluminum Siding

Parking

  • 5 Parking Spaces
  • Carport
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for trash collection, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,355

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1970
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 140x153x101x160
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2355.06
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Cul-De-Sac: Yes
  • Driveway:Gravel: Yes
  • Mineral Rights:No: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 159900.0
  • Lot Features: Cul-De-Sac
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0
  • Extras:Carports: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Size Sq Ft: 16117.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2355.06
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Jul 10, 2020
Sold by
Holton Steve and Holton Becky L
Bought by
Brad And Carol Phelps Llc
Seller's Agent
TAD FRENCH
Five Star Real Estate-Cooper
Buyer's Agent
Tad French
Heart for Homes, LLC
Sold Price
$117,500
Current Estimated Value
$188,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,527
Avg. Annual Appreciation
9.01%

Purchase Details

Closed on
May 11, 1999
Sold by
Burk Richard H
Bought by
Holton Steve and Holton Becky L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.04%

Purchase Details

Closed on
Jan 13, 1997
Sold by
Huffman Ruth A
Bought by
Burk Richard H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brad And Carol Phelps Llc $117,500 None Available
Holton Steve $70,000 --
Burk Richard H $56,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holton Steve $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/21/2022 07/21/22 Sold $140,000 -12.4% --
05/06/2022 05/06/22 For Sale $159,900 +36.1% --
07/10/2020 07/10/20 Sold $117,500 -- -- View Prior Sale
06/11/2020 06/11/20 Pending -- -- --
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 $3,715 $73,200 $0 $0
2024 $2,666 $69,000 $0 $0
2023 $2,610 $62,200 $0 $0
2022 $2,409 $43,100 $0 $0
2021 $2,355 $40,760 $0 $0
2020 $1,843 $41,280 $0 $0
2019 $1,774 $38,650 $0 $0
2018 $1,757 $36,790 $3,720 $33,070
2017 $1,680 $36,710 $0 $0
2016 $1,242 $29,520 $29,520 $0
2015 $31,902 $33,170 $33,170 $0
2014 $31,902 $33,000 $33,000 $0
2013 -- $33,000 $33,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22016447

MichRIC

APN: 000-12-16-381-007-03