NOT LISTED FOR SALE

1593 Electric Ave Lincoln Park, MI 48146

Estimated Value: $137,000 - $158,000

1 Bed
4 Baths
1,152 Sq Ft
$125/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $114,500 $99 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $935/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • Private Entrance

About This Home

As of February 2024

Welcome home to this charming 2-bed multi-family investment opportunity! This gem blends modern comfort with classic charm nestled in the vibrant community of Lincoln Park. This is a 2-unit home, with one bed, one bath, living room and dining room, and then head upstairs to the cozy studio apartment. Both units have separate entrances; both units have full access to the basement for storage and laundry facilities. Gas and water were included in the rent, electricity was paid by tenants. Not interested in a Multi-Family, turn it back into a single-family 3-bedroom home. The choice is yours. Make your Christmas wish come true and schedule a showing today. C of O complete and being provided at closing

Last Agent to Sell the Property

Jill Tokarsky

Real Estate One Plymouth License #6506047024 Listed on: 12/21/2023

Real Estate One Plymouth

Last Buyer's Agent

Nicole Abbiss

KW Metro License #6501420918

KW Metro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1925

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35.00 x 105.00
  • Private Entrance

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,152 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 45007080073000
  • $2,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Frederick Roberts Mckenny Realty Co Sub P C 118 Subdivision

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,342

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 3.00
  • Year Built: 1925
  • State Equalized Value: 45700.0000
  • Pets Allowed: Breed Restrictions, Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 100 Amp Service
  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 1152

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Block
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 35.00 x 105.00
  • Parcel Number: 45007080073000
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 1400

Tax Info

  • Tax Amount Summer: 2014.0000
  • Tax Amount Winter: 328.0000
  • Total Tax: 2342.0000
  • Taxable Value: 32774.0000

Multi Family

  • Gross Scheduled Income: 16800.00
  • Number Of Units Total: 2
  • Number of Efficiency Units: 1

MLS Schools

  • School District: Lincoln Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2023
Closed on
Feb 2, 2024
Sold by
Dnbs 2 Llc
Bought by
Blade Danny W and King Lucis
Seller's Agent
Jill Tokarsky
Real Estate One Plymouth
Buyer's Agent
Nicole Abbiss
KW Metro
List Price
$119,900
Sold Price
$114,500
Premium/Discount to List
-$5,400
-4.5%
Views
39
Current Estimated Value
$143,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,134
Avg. Annual Appreciation
14.00%
Original Mortgage
$80,150
Outstanding Balance
$78,734
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$64,900

Purchase Details

Closed on
Jan 17, 2023
Sold by
Stefanovski Boban
Bought by
Dnbs 2 Llc

Purchase Details

Closed on
Mar 14, 2019
Sold by
Stefanovski Boban
Bought by
Dnbs 2 Llc

Purchase Details

Listed on
Mar 21, 2018
Closed on
Aug 7, 2018
Sold by
Duffield Deborah Lynn
Bought by
Stefanovski Boban
Seller's Agent
Russ Seely
RE/MAX Innovation
Buyer's Agent
Jill Tokarsky
Real Estate One Plymouth
List Price
$64,900
Sold Price
$33,000
Premium/Discount to List
-$31,900
-49.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.56%

Purchase Details

Closed on
Mar 3, 2018
Sold by
Duffield Ashley Renee
Bought by
Duffield Deborah Lynn

Purchase Details

Closed on
Jun 6, 2016
Sold by
Salsberry David Larry and Salsberry Gay Virginia
Bought by
Duffield Ashley Renee
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
Blade Danny W $114,500 Capital Title
Blade Danny W $114,500 Capital Title
Blade Danny W $114,500 Capital Title
Dnbs 2 Llc -- --
Dnbs 2 Llc -- None Available
Stefanovski Boban $33,000 Michigan Title Ins Agency In
Duffield Deborah Lynn -- None Available
Duffield Ashley Renee -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blade Danny W $80,150
Closed Blade Danny W $80,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/02/2024 02/02/24 Sold $114,500 -4.5% $99 / Sq Ft
12/28/2023 12/28/23 Pending -- -- --
12/21/2023 12/21/23 For Sale $119,900 +263.3% $104 / Sq Ft
08/07/2018 08/07/18 Sold $33,000 -28.1% $29 / Sq Ft View Prior Sale
07/06/2018 07/06/18 Pending -- -- --
06/24/2018 06/24/18 Price Changed $45,900 -2.1% $40 / Sq Ft
06/09/2018 06/09/18 Price Changed $46,900 -6.2% $41 / Sq Ft
05/21/2018 05/21/18 Price Changed $49,999 -8.9% $43 / Sq Ft
04/22/2018 04/22/18 Price Changed $54,900 -5.3% $48 / Sq Ft
04/16/2018 04/16/18 Price Changed $58,000 -6.3% $50 / Sq Ft
03/30/2018 03/30/18 Price Changed $61,900 -4.6% $54 / Sq Ft
03/21/2018 03/21/18 For Sale $64,900 -- $56 / Sq Ft
Source: Realcomp

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 $2,165 $70,600 $0 $0
2024 $2,165 $63,500 $0 $0
2023 $2,014 $45,700 $0 $0
2022 $2,244 $37,800 $0 $0
2021 $2,190 $33,000 $0 $0
2020 $2,168 $29,800 $0 $0
2019 $1,547 $24,900 $0 $0
2018 $912 $22,500 $0 $0
2017 $692 $22,400 $0 $0
2016 $1,204 $22,500 $0 $0
2015 $2,210 $22,100 $0 $0
2013 $2,360 $24,700 $0 $0
2012 $1,794 $25,400 $5,100 $20,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230105155

Realcomp

APN: 45-007-08-0073-000