NOT LISTED FOR SALE

Estimated Value: $428,196 - $505,000

8 Beds
4 Baths
3,200 Sq Ft
$148/Sq Ft Est. Value

Last Sold November 11, 2021

Last sale price $385,000 $120 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,825/month

124 Days on Market

About This Home

As of November 2021

HARD TO FIND 4-PLEX IN ARGENTINE TOWNSHIP. THE RENTAL MARKET IS EXTREMELY ACTIVE AND THIS IS A WELL MAINTAINED BUILDING. 4 TWO BEDROOM UNITS WITH LAUNDRY FACILITIES ON THE FIRST FLOOR. .5 ACRE SITE WITH GREAT VIEW OF LOBDELL LAKE RIGHT ACROSS THE ROAD. GREAT LOCATION CLOSE TO X-WAYS (23, 75 AND 59).

Last Agent to Sell the Property

Jennifer Henck

Ada Home Realty LLC License #6501371543 Listed on: 05/27/2021

Last Buyer's Agent

Remy Chalifour

New Michigan Realty License #6501433264

New Michigan Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1975

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100 x 209 x 90 x 230

Parking

  • Unassigned Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,200 Sq Ft Home
  • 2-Story Property

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0135526239

Community Details

Overview

  • 4 Units
  • Argentine Park Lobdell Lake Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,965

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1975
  • State Equalized Value: 120.2000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 3200
  • Total Sq Ft: 3200

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Block
  • Frontage Feet: 100
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Well (Existing)
  • Laundry Facilities: Yes

Schools

  • School District: Linden

Lot Info

  • Lot Size Area: 0.50
  • Lot Dimensions: 100 x 209 x 90 x 230
  • Parcel Number: 0135526239
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2800

Tax Info

  • Tax Amount Summer: 2900.8100
  • Tax Amount Winter: 3063.7800
  • Total Tax: 5964.5900

Multi Family

  • Gross Scheduled Income: 33600.00
  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Linden

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Nov 11, 2021
Sold by
Kiebel Sr Karl T
Bought by
Cooley Brion and Cooley Theresa
Seller's Agent
Jennifer Henck
Ada Home Realty LLC
Buyer's Agent
Remy Chalifour
New Michigan Realty
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%
Current Estimated Value
$473,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,549
Avg. Annual Appreciation
5.97%
Original Mortgage
$200,000
Outstanding Balance
$185,315
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$294,092

Purchase Details

Listed on
May 16, 2016
Closed on
Dec 19, 2016
Sold by
Independence Properties Llc
Bought by
Kicbel Karl T
Seller's Agent
Jason Burns
Temporary Inactive Users
Buyer's Agent
Jason Burns
Temporary Inactive Users
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$180,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2011
Sold by
Bruns William W and Burns Anita L
Bought by
Independence Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,800
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2003
Sold by
Ronkowski Raymond J and Ronkowski Angela
Bought by
Burns William and Burns Anita
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
Cooley Brion $385,000 None Listed On Document
Kicbel Karl T $240,000 Title One Inc
Independence Properties Llc -- None Available
Burns William $240,000 Guaranty Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooley Brion $200,000
Previous Owner Kicbel Karl T $180,000
Previous Owner Burns William $110,800
Previous Owner Cooley Brion $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2021 11/11/21 Sold $385,000 -4.9% $120 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
08/03/2021 08/03/21 Price Changed $405,000 -2.4% $127 / Sq Ft
07/02/2021 07/02/21 Price Changed $415,000 -2.4% $130 / Sq Ft
05/27/2021 05/27/21 For Sale $425,000 +77.1% $133 / Sq Ft
12/19/2016 12/19/16 Sold $240,000 -4.0% $75 / Sq Ft
10/31/2016 10/31/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $249,900 -- $78 / 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
2024 $3,740 $148,700 $0 $0
2023 $3,737 $157,300 $0 $0
2022 $6,914 $141,300 $0 $0
2021 $6,349 $136,800 $0 $0
2020 $2,901 $120,200 $0 $0
2019 $2,888 $114,800 $0 $0
2018 $6,088 $114,200 $0 $0
2017 $5,899 $114,200 $0 $0
2016 $5,236 $112,300 $0 $0
2015 $4,736 $111,000 $0 $0
2014 $2,429 $102,400 $0 $0
2012 -- $121,600 $76,200 $45,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210039996

Realcomp

APN: 01-35-526-239