NOT LISTED FOR SALE
6 Beds
3 Baths
-- Sq Ft
1906 Built

Last Sold August 01, 2014

Last sale price $685,000

16 Days on Market

Highlights

  • Waterfront
  • Garden Bath
  • Heating System Uses Natural Gas
  • Augustus H. Burley Elementary School Rated A-
  • Paved or Partially Paved Lot
  • 4-minute walk to Burley Community Park

About This Home

As of August 2014

2 flat Brick with 3 existing units.Leases expire 8/31/14, Large rental upside with new leases in October with minimal improvements. Studio and 2 BR/1 Ba on first floor and 3 BR/1 BA on second floor. Same owner as 1703 W. Nelson, which is listed in a combined land listing with this property (48x125) listing #08611569 for more info. Within one block of Burley School, small park on street. No showinngs until 5/15/14

Last Agent to Sell the Property

Scot Wendorf

Silver Property Group, Ltd License #475102865 Listed on: 05/11/2014

Last Buyer's Agent

Thomas Gibbons

FairGreen Real Estate LLC License #471018033

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,821

Year Built

  • Built in 1906

Lot Details

  • Lot Dimensions are 24.42x125.17
  • Waterfront
  • Paved or Partially Paved Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms
  • Garden Bath

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Burley Elementary School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $57,000
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,821

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Bathroom Amenities: Garden Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Hardwood Floors

Exterior Features

  • Foundation Details: Block, Brick/Mortar
  • Roof: Flat
  • Waterfront: Yes
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved, Other

Fee Information

  • Other Expenses $: 12000

Schools

  • Elementary School: BURLEY ELEMENTARY SCHOOL

Lot Info

  • Lot Dimensions: 24.42X125.17
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 45000
  • GrossIncome: 57000
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 8821.24
  • Tax Year: 2012
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2014 08/30/14 Off Market $685,000 -- --
08/01/2014 08/01/14 Sold $685,000 +5.5% --
05/27/2014 05/27/14 Pending -- -- --
05/11/2014 05/11/14 For Sale $649,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08611552

Midwest Real Estate Data (MRED)