NOT LISTED FOR SALE

173 E Dibble St Marcellus, MI 49067

Estimated Value: $135,434

-- Bed
-- Bath
-- Sq Ft
0.46 Acres

Last Sold November 19, 2021

Last sale price $100,000

Est. 35% increase in value since last sale

Current estimated payment $941/month

129 Days on Market

Highlights

  • 1 Fireplace
  • Baseboard Heating
  • High Speed Internet
  • Corner Lot: Yes

About This Home

As of November 2021

Investment opportunity. This is a 4 plex rental property. All units are identical: each being 750 SQ FT. 1 Bed, 1 Bath. They each have their own range/oven, refrigerator & own heating systems. Rent is on the lower side. New owner could raise to work with current rental market prices. Each tenant is responsible for their own utilities. Units are all electric.

Last Agent to Sell the Property

Julie Hammel

RE/MAX Advantage License #6501408876 Listed on: 11/08/2021

RE/MAX Advantage

Last Buyer's Agent

Bruce Butchbaker

Berkshire Hathaway HomeServices Michigan Real Estate License #6506045157

Berkshire Hathaway HomeServices Michigan Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1899

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 66x132
  • Corner Lot: Yes
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,052

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1899
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1052.24
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Substructure:Crawl Space: Yes
  • Heat Type:Baseboard: Yes
  • Util Avail at Street Electricity Available: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Brick
  • List Price: 125000.0
  • Lot Features: Level, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Broadband
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.46
  • Lot Size Area: 0.46
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 20038.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 1052.24
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Nov 19, 2021
Sold by
Klein Jeffrey D and Klein Kay
Bought by
Butchbaker Bruce and Butchbaker Jane
Seller's Agent
Julie Hammel
RE/MAX Advantage
Buyer's Agent
Bruce Butchbaker
Berkshire Hathaway HomeServices Michigan Real Estate
Sold Price
$100,000
Current Estimated Value
$135,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,434
Avg. Annual Appreciation
7.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Butchbaker Bruce $100,000 Title Resource Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2021 11/19/21 Sold $100,000 -23.0% --
11/08/2021 11/08/21 Pending -- -- --
11/08/2021 11/08/21 For Sale -- -- --
10/22/2021 10/22/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $129,900 -- --
Source: MichRIC

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 $2,803 $57,700 $7,800 $49,900
2024 $1,336 $57,300 $6,800 $50,500
2023 $1,366 $56,600 $0 $0
2022 $1,328 $54,600 $0 $0
2021 $1,098 $20,800 $0 $0
2020 $184 $20,800 $0 $0
2019 $1,052 $21,400 $0 $0
2018 $177 $21,400 $0 $0
2017 $391 $20,500 $0 $0
2016 $389 $20,900 $0 $0
2015 -- $19,300 $0 $0
2011 -- $17,328 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21025733

MichRIC

APN: 14-051-531-014-00