NOT LISTED FOR SALE

1618 Parkwood Ave Ypsilanti, MI 48198

Estimated Value: $218,000 - $239,000

3 Beds
2 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold March 04, 2022

Last sale price $176,000

Est. 28% increase in value since last sale

Current estimated payment $1,449/month

103 Days on Market

About This Home

As of March 2022

This home is located at 1618 Parkwood Ave, Ypsilanti, MI 48198 since 16 November 2021 and is currently estimated at $224,960. This property was built in 1977. 1618 Parkwood Ave is a home located in Washtenaw County with nearby schools including Holmes Elementary School, Erickson Elementary School, and Estabrook Elementary School.

Last Agent to Sell the Property

Brian Bundesen

Real Estate One Inc License #6501325274 Listed on: 11/16/2021

Real Estate One Inc

Last Buyer's Agent

Brian Bundesen

Real Estate One Inc License #6501325274 Listed on: 11/16/2021

Real Estate One Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,496

Year Built

  • Built in 1977

Lot Details

  • 8,276

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Wood Siding

Additional Features

  • 8,276 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Tenant pays for electric, water

Community Details

Overview

  • 2 Units
  • Donovans Cloverlawn Subdivision

Building Details

  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,496

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1977
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3496.22
  • Tax Info:Zoning3: RI
  • General Property Info:Total _pound_ Units: 2
  • Air Conditioning:Central Air: Yes
  • Substructure:Slab: Yes
  • Location Property Info:Subdivision2: Donovans Cloverlawn
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 189000.0
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: RI
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric, Water

Multi Family

  • Gross Income: 22800.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3496.22
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2018
Closed on
Nov 30, 2018
Sold by
Jacobs Robert
Bought by
Cash Ready Investments Llc
Seller's Agent
Michael Webster
RE/MAX Crossroads III
Buyer's Agent
Michael Webster
COLDWELL BANKER SCHWEITZER RE
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%
Current Estimated Value
$224,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,960
Avg. Annual Appreciation
12.60%
Original Mortgage
$75,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2017
Sold by
Karana Ban
Bought by
Wb Allison Investment Llc

Purchase Details

Listed on
May 6, 2016
Closed on
Jul 20, 2017
Sold by
Glazier Mel and Glazier Carol
Bought by
Karana Ban
Seller's Agent
Glenn Silvenis
RE/MAX Crossroads III
Buyer's Agent
Michael Webster
COLDWELL BANKER SCHWEITZER RE
List Price
$72,000
Sold Price
$72,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.92%
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
Cash Ready Investments Llc -- None Available
Jacobs Robert $100,000 Title One Inc
Wb Allison Investment Llc -- None Available
Karana Ban $72,000 Title One Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Windom Amy Elizabeth $132,000
Closed Jacobs Robert $75,000
Previous Owner Glazier Melvin J $495,750
Previous Owner Glazier Melvin J $606,106
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold $176,000 -6.9% --
02/27/2022 02/27/22 Pending -- -- --
11/16/2021 11/16/21 For Sale $189,000 +89.0% --
11/30/2018 11/30/18 Sold $100,000 -9.1% $68 / Sq Ft
08/25/2018 08/25/18 Pending -- -- --
08/18/2018 08/18/18 For Sale $110,000 +52.8% $75 / Sq Ft
07/20/2017 07/20/17 Sold $72,000 0.0% $49 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
05/06/2016 05/06/16 For Sale $72,000 -- $49 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 -- $80,300 $0 $0
2024 -- $72,300 $0 $0
2023 -- $59,800 $0 $0
2022 $0 $50,400 $0 $0
2021 $3,150 $49,200 $0 $0
2020 $3,467 $41,300 $0 $0
2019 $838 $41,300 $41,300 $0
2018 $0 $38,200 $0 $0
2017 $2,723 $39,900 $0 $0
2016 $2,242 $42,406 $0 $0
2015 $2,895 $42,280 $0 $0
2014 $2,895 $40,960 $0 $0
2013 -- $40,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Bundesen

    Seller's Agent in 2022

    Brian Bundesen

    Real Estate One Inc

    (734) 678-9032

    6 in this area

    54 Total Sales

    Brian Bundesen
    Section Image

  • M

    Seller's Agent in 2018

    Michael Webster

    RE/MAX

    (734) 576-8591

    10 in this area

    33 Total Sales

    Michael Webster
    Section Image
  • Glenn Silvenis

    Seller's Agent in 2017

    Glenn Silvenis

    RE/MAX

    (734) 740-3000

    11 in this area

    256 Total Sales

    Glenn Silvenis
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18203

Southwestern Michigan Association of REALTORS®

APN: 11-11-303-001

Michigan Washtenaw County Ypsilanti 48198

1618 Parkwood Ave, Ypsilanti, MI

This home is located at 1618 Parkwood Ave, Ypsilanti, MI 48198 since 16 November 2021 and is currently estimated at $224,960. This property was built in 1977. 1618 Parkwood Ave is a home located in Washtenaw County with nearby schools including Holmes Elementary School, Erickson Elementary School, and Estabrook Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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