NOT LISTED FOR SALE

173 E Center St Petersburg, MI 49270

Estimated Value: $203,000 - $228,719

-- Bed
-- Bath
3,000 Sq Ft
$72/Sq Ft Est. Value

Last Sold January 12, 2015

Last sale price $81,000 $27 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $1,492/month

28 Days on Market

About This Home

As of January 2015

3 unit income property. All units currently rented. Great location near schools and 1 mile from US23. Two units share common laundry. Tenants are willing to stay.

Last Agent to Sell the Property

Julie Jewell

The Danberry Company - Temperance License #MCAR-6501357801 Listed on: 10/23/2014

Last Buyer's Agent

Jeannie Lefebvre

Key Realty One LLC - Summerfield License #MCAR-6501264641

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 66 x 280

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Kitchen

  • Oven or Range

Schools

  • Summerfield Elementary School
  • Summerfield High School

Utilities

  • Boiler Heating System
  • Gas Water Heater
  • Internet Available

Additional Features

  • Basement

Community Details

  • 3 Units
  • Net Operating Income $14,000

Listing and Financial Details

  • Assessor Parcel Number 57 025 014 00

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Total Tax Amount: 2427.98
  • Year Built: 1943
  • Mail City: Petersburg
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Range/Oven, Refrigerator
  • Estimated Sq Ft: 3000

Exterior Features

  • Construction: Brick, Vinyl Siding
  • Foundation Type: Basement, Slab

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Sewer/Septic System: Public Sanitary

Schools

  • Elementary School: SUMMERFIELD
  • High School: SUMMERFIELD

Lot Info

  • Assessor Parcel Number: 57 025 014 00
  • Lot Dimensions: 66 X 280
  • Acreage: 0.42
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Amount: $1,272.92
  • Winter Tax: Amount: $1,155.06
  • Total Tax: Amount: $2,427.98

Multi Family

  • Total Units: 3

MLS Schools

  • Elementary School: SUMMERFIELD
  • School District: Summerfield School District
  • HighSchool: SUMMERFIELD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Spotts Justin J and Spotts Samantha L
Bought by
Justin J Spotts And Samantha L Spotts Trust
Current Estimated Value
$215,180

Purchase Details

Listed on
Oct 23, 2014
Closed on
Jan 12, 2015
Sold by
Schadewald Lawrence E and Schadewald Sharon A
Bought by
Spotts Justin J and Spotts Samantha L
Seller's Agent
Julie Jewell
The Danberry Company - Temperance
Buyer's Agent
Jeannie Lefebvre
Key Realty One LLC - Summerfield
List Price
$77,000
Sold Price
$81,000
Premium/Discount to List
$4,000
5.19%

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
$60,750
Interest Rate
3.94%
Mortgage Type
New Conventional
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
Justin J Spotts And Samantha L Spotts Trust -- None Listed On Document
Spotts Justin J $81,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spotts Justin J $60,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2015 01/12/15 Sold $81,000 +5.2% $27 / Sq Ft
11/20/2014 11/20/14 Pending -- -- --
10/23/2014 10/23/14 For Sale $77,000 -- $26 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,858 $111,700 $2,100 $109,600
2024 $1,795 $110,000 $0 $0
2023 $1,722 $95,700 $0 $0
2022 $3,505 $95,700 $0 $0
2021 $1,799 $89,900 $0 $0
2020 $3,576 $73,800 $0 $0
2019 $3,539 $73,800 $0 $0
2018 $3,490 $62,200 $0 $0
2017 $3,448 $62,200 $0 $0
2016 $3,439 $55,300 $0 $0
2015 $2,497 $44,800 $0 $0
2014 $2,481 $44,800 $0 $0
2013 $2,513 $39,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20423724

Michigan Multiple Listing Service

APN: 57-025-014-00