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

Sale Details

Date Sold: August 1, 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

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

Lot Details

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

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

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
  • SomePhotosVirtuallyStaged: No
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Listed on
May 11, 2014
Closed on
Jul 29, 2014
Sold by
Bought by
Seller's Agent
Scot Wendorf
Silver Property Group, Ltd
Buyer's Agent
Thomas Gibbons
FairGreen Real Estate LLC
List Price
$649,000
Sold Price
$685,000
Premium/Discount to List
$36,000
5.55%

Purchase Details

Closed on
Apr 24, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
0.0441%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Pro Title Group Inc
$685,000 Ctt
$545,000 Near North National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $450,000
Closed $408,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,824 $79,000 $39,499 $39,501
2024 $15,824 $79,000 $39,499 $39,501
2023 $15,426 $75,000 $37,650 $37,350
2022 $15,426 $75,000 $37,650 $37,350
2021 $15,082 $75,000 $37,650 $37,350
2020 $13,098 $58,798 $16,867 $41,931
2019 $13,126 $65,332 $16,867 $48,465
2018 $12,905 $65,332 $16,867 $48,465
2017 $12,389 $57,552 $15,060 $42,492
2016 $11,527 $57,552 $15,060 $42,492
2015 $10,546 $57,552 $15,060 $42,492
2014 $8,084 $43,570 $12,048 $31,522
2013 $8,941 $49,158 $12,048 $37,110
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)
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