NOT LISTED FOR SALE

175 W Prospect St Jackson, MI 49203

Exchange Neighborhood

Estimated Value: $72,000 - $87,668

3 Beds
2 Baths
-- Sq Ft
0.29 Acres

Last Sold January 07, 2022

Last sale price $58,000

Est. 65% increase in value since last sale

Current estimated payment $634/month

3 Days on Market

About This Home

As of January 2022

City Certified cash flowing duplex offering upper/lower units. Lower unit offers 2BR's, living room w/ electric fireplace, kitchen w/ eating area. Lower Level Leased through 12/2022, rented for $600 per month. Upper unit offers 2 stairways up, 1 BR, living room, hardwood floors, kitchen w/ eating area. Full basement offers laundry hook up, 2 water heaters & 2 furnaces & storage space for tenants. Parking on side of driveway and in back of home. Owners pay for Water, Sewer & Trash Service. Would be great for an owner/occupant w/ upper level currently vacant or could place new tenant in that unit. Duplex is on City Bus Route with pickup/drop offs very close by. Near Ella Sharp Park as well! Long time owners are retiring.

Last Agent to Sell the Property

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 12/03/2021

HOWARD HANNA REAL ESTATE SERVI

Last Buyer's Agent

MichRIC Non-Member

NON-MEMBER REALTOR 'LIST'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $739

Year Built

  • Built in 1930

Lot Details

  • 0.29

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Additional Features

  • 0.29 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 2 Units
  • Harmon's Addition Subdivision

Building Details

  • Insurance Expense $1,242
  • Operating Expense $3,385
  • Gross Income $13,740
  • Net Operating Income $10,355

Property Details

Home Type

Apartment

Est. Annual Taxes

$739

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 49900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Sq Ft: 12632.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 13740.0
  • Insurance Expense: 1242.0
  • Net Operating Income: 10355.0
  • Number of Units Total: 2
  • Operating Expense: 3385.0

Tax Info

  • Tax Annual Amount: 738.92
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2009
Sold by
Federal Deposit Insurance Corporation
Bought by
Indymac Federal Bank Fsb
Current Estimated Value
$95,552

Purchase Details

Closed on
Jun 27, 2005
Sold by
Juarez Raphael
Bought by
Intrepid Investments Pcf Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,150
Interest Rate
2.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 2, 2005
Sold by
Thomas Judy C
Bought by
Juarez Raphael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,150
Interest Rate
2.37%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Indymac Federal Bank Fsb -- Parks Title
Intrepid Investments Pcf Llc -- --
Juarez Raphael $83,500 At
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Juarez Raphael $75,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2022 01/07/22 Sold $58,000 +16.2% --
12/06/2021 12/06/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $49,900 -- --
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 $1,614 $27,600 $0 $0
2024 $14 $25,900 $0 $0
2023 $1,340 $22,400 $0 $0
2022 $710 $19,100 $0 $0
2021 $703 $16,550 $0 $0
2020 $1,014 $15,200 $0 $0
2019 $675 $11,750 $0 $0
2018 $644 $9,400 $0 $0
2017 $600 $9,350 $0 $0
2016 $575 $10,300 $10,300 $0
2015 $806 $12,550 $12,550 $0
2014 $806 $13,000 $13,000 $0
2013 -- $13,000 $13,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Herndon

    Seller's Agent in 2022

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    5 in this area

    754 Total Sales

    Heather Herndon
    Section Image

  • M

    Buyer's Agent in 2022

    MichRIC Non-Member

    NON-MEMBER REALTOR 'LIST'

See All Agents

Map

Source: MichRIC

MLS Number: 21117198

MichRIC

APN: 4-163200000

Michigan Jackson County Jackson 49203 Exchange

175 W Prospect St, Jackson, MI

Not Listed for Sale

MultiFamily

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