NOT LISTED FOR SALE

Estimated Value: $109,000 - $143,000

3 Beds
3 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold December 15, 2017

Last sale price $79,000

Est. 51% increase in value since last sale

Current estimated payment $827/month

7 Days on Market

About This Home

As of December 2017

A SMART INVESTMENT! Very nice 3 unit, multi family home City Certified 2017. All units are fully rented for $650 each; $1,950 total per month. Two lower level; one upper level apt. All units have 1BR/1BA; all are nicely kept & well maintained by the same owner for last 12 years. Long term tenants in 2 apts. w/leases. 1 Main floor tenant is month to month; new owner could get lease signed or live in this unit & rent the other 2. New roof in 2017; newer water heater. Big basement, 2 car garage, covered back deck, 2 enclosed porches, 1 attached shed & large fenced in yard. 3+ parking spaces in addition to garage. Owner does not allow tenants to use the basement nor the garage. Garage can be used as large storage building by new owner or rented out. Financial income/expenses are

Last Agent to Sell the Property

Sharon Harris

Key Realty One License #6501297488 Listed on: 11/13/2017

Key Realty One

Last Buyer's Agent

NON-MBR 'SOLD' NON-MBR 'SOLD'

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,287

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • East Add Subdivision

Building Details

  • Operating Expense $13,981
  • Gross Income $23,400
  • Net Operating Income $39,166

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,287

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 79900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.4

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 23400.0
  • Net Operating Income: 39166.0
  • Operating Expense: 13981.0

Tax Info

  • Tax Annual Amount: 1287.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2021
Sold by
Reenes Real Estate Llc
Bought by
1803 E Ganson Llc
Total Days on Market
7
Current Estimated Value
$119,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Outstanding Balance
$28,259
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$91,081

Purchase Details

Closed on
Oct 5, 2015
Sold by
First National Acceptance Company
Bought by
Reenes Real Estate Llc

Purchase Details

Closed on
Apr 27, 2007
Sold by
Luppo Joseph M and Luppo Michael J
Bought by
First National Acceptance Co

Purchase Details

Closed on
Mar 11, 2005
Sold by
Luppo Katherine L
Bought by
Luppo Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.15%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Similar Home in Jackson, MI

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    • 5 Beds
    • 3.5 Baths
    • 2,988 Sq Ft
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    3 unit income property location in Jackson. Recently renovated. Lower unit is a 1 bedroom, 1.5 bath. Middle unit has 2 bedrooms, 1 bath, large living room and kitchen. Upper unit has 2 bedrooms, large living room, kitchen and 1 bath. Plenty of parking in the back. Tenant occupied. 24 hour notice to show. Pre-approved/proof of funds buyers only. BATVAI Net amount of yearly rent is approximate.

    Tramar Clay National Realty Centers, Inc

    Section Image

Range of Values:

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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
1803 E Ganson Llc $79,000 State Street Title Agency
Reenes Real Estate Llc $92,500 Attorney
First National Acceptance Co -- At
Luppo Joseph M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1803 E Ganson Llc $35,000
Previous Owner Luppo Joseph M $58,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $79,000 -- --
11/20/2017 11/20/17 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

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
2024 $1,903 $53,500 $0 $0
2023 $1,825 $43,900 $0 $0
2022 $2,010 $40,100 $0 $0
2021 $1,866 $33,850 $0 $0
2020 $1,843 $32,300 $0 $0
2019 $1,793 $27,400 $0 $0
2018 $1,711 $24,950 $0 $0
2017 $1,299 $24,400 $0 $0
2016 $1,120 $21,400 $21,400 $0
2015 $1,576 $20,000 $20,000 $0
2014 $1,576 $25,400 $0 $0
2013 -- $25,400 $25,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21035030

Southwestern Michigan Association of REALTORS®

APN: 7-116300000