NOT LISTED FOR SALE

1616 Chandler Ave Lincoln Park, MI 48146

Estimated Value: $153,000 - $263,000

5 Beds
2 Baths
2,400 Sq Ft
$76/Sq Ft Est. Value

Last Sold June 03, 2015

Last sale price $20,009 $8 Per Sq Ft

Est. 808% increase in value since last sale

Current estimated payment $1,087/month

25 Days on Market

Highlights

  • Covered Patio or Porch
  • Hot Water Heating System
  • 2 Car Garage

About This Home

As of June 2015

This home is eligible for the Freddie Mac First Look Initiative for Owner Occupant Buyer's from 4/17/15 through 5/6/15.This is a great opportunity to generate cash flow. Two bedroom unit with a 3 bedroom on the lower level and a 2 bedroom upstairs. A homeowner can live in one unit and rent out the other or an investor can rent both units for great investment opportunity. There are spaces for parking in the rear and additional storage in the shed.

Last Agent to Sell the Property

Morris Hall

Maxim Properties LLC License #6502338359 Listed on: 04/17/2015

Last Buyer's Agent

Thomas Epperson

CMP Realty License #6501317115

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 3,049

Home Design

  • Duplex
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,400 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 2 Car Garage
  • Assigned Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 30x100

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 45007080025000

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2400

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water, Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • Lot Dimensions: 30x100
  • Parcel Number: 45007080025000
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1300

Tax Info

  • Tax Amount Summer: 1259.0000
  • Tax Amount Winter: 294.0000
  • Total Tax: 1553.0000

Multi Family

  • Gross Scheduled Income: 15600.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Lincoln Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2015
Closed on
Jun 1, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Robbins Brent
Seller's Agent
Morris Hall
Maxim Properties LLC
Buyer's Agent
Thomas Epperson
CMP Realty
List Price
$19,900
Sold Price
$20,009
Premium/Discount to List
$109
0.55%
Current Estimated Value
$181,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,593
Avg. Annual Appreciation
23.50%

Purchase Details

Closed on
Oct 3, 2014
Sold by
Provident Funding Associates Lp
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 3, 2014
Sold by
Vella Anthony and Vella Jo Ann
Bought by
Provident Funding Associates Lp

Purchase Details

Closed on
Jun 28, 2004
Sold by
Burzycki Debra A and Simmers Brian
Bought by
Vella Anthony

Purchase Details

Closed on
Feb 26, 2002
Sold by
Jabro Deborah
Bought by
Burzycki Debra A
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
Robbins Brent $20,009 Attorney
Federal Home Loan Mortgage Corporation -- None Available
Provident Funding Associates Lp $104,420 None Available
Vella Anthony $109,000 Metropolitan Title Company
Burzycki Debra A $69,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2015 06/03/15 Sold $20,009 +0.5% $8 / Sq Ft
05/12/2015 05/12/15 Pending -- -- --
04/17/2015 04/17/15 For Sale $19,900 -- $8 / 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 $1,568 $57,400 $0 $0
2024 $1,568 $52,300 $0 $0
2023 $1,488 $43,400 $0 $0
2022 $1,658 $36,300 $0 $0
2021 $1,618 $31,600 $0 $0
2020 $1,602 $28,600 $0 $0
2019 $1,342 $24,500 $0 $0
2018 $1,239 $21,100 $0 $0
2017 $671 $21,100 $0 $0
2016 $1,552 $21,100 $0 $0
2015 $2,070 $20,700 $0 $0
2013 $2,200 $23,000 $0 $0
2012 $1,866 $23,700 $4,700 $19,000
Source: Public Records

Agents Affiliated with this Home

  • Morris Hall

    Seller's Agent in 2015

    Morris Hall

    Maxim Properties LLC

    (248) 522-3180

    33 Total Sales

    Morris Hall
    Section Image
  • Thomas Epperson

    Buyer's Agent in 2015

    Thomas Epperson

    CMP Realty

    (734) 323-7263

    32 Total Sales

    Thomas Epperson
    Section Image
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Map

Source: Realcomp

MLS Number: 215035401

Realcomp

APN: 45-007-08-0025-000

Michigan Wayne County Lincoln Park 48146

1616 Chandler Ave, Lincoln Park, MI

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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