NOT LISTED FOR SALE

Estimated Value: $426,000 - $544,000

3 Beds
2 Baths
2,397 Sq Ft
$205/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $395,000 $165 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,157/month

37 Days on Market

About This Home

As of November 2022

A RARE OPPORTUNITY has just become available in sought-after Galewood, on a quiet, tree-lined street! Long-time owner bought this amazing, Tudor style 2-flat, with the intention of converting it to a single family home. Unfortunately, he was never able to make that happen and hates to part with this beautiful home. Now is your opportunity to own this very versatile property and either keep it as an income generating 2-FLAT, or create the SINGLE FAMILY home of your dreams! The character of this charming home remains intact, with original molding, doors and floors. It has been lovingly maintained. This very spacious home is uniquely configured as a 2-flat, with 2 separate internal sets of stairs. The large 1st floor unit features hardwood floors with 2 bedrooms, 1 bath, separate living (with fireplace)and dining rooms, large updated kitchen and a bonus room that can easily be used as an office. The 2nd floor unit boasts hardwood floors with 1 bedroom, 1 recently remodeled bathroom, a large living room that could be converted to a 2nd bedroom and a kitchen with eating area. In addition, there is a full unfinished basement just waiting to become extra living space. Live in one unit, rent the other....smart investment! NOW IMAGINE THIS... A light-filled 4/5 bedroom home with 3.1 baths, large kitchen, separate living and dining rooms, family room, first floor bedroom that could be used as an office, 2nd floor laundry room, full basement, fully fenced yard and 2 car garage. Sound like a dream??? Well, that could be reality! There is enough space to accommodate all those rooms if it is converted to a single family home. SO MUCH POTENTIAL!!! Schedule your appointment today...this one won't last!

Last Agent to Sell the Property

Roman Lewis

Baird & Warner License #475175508 Listed on: 08/25/2022

Baird & Warner

Last Buyer's Agent

Viviana Fernandini

Coldwell Banker Realty License #475198932

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,308

Year Built

  • Built in 1936 | Remodeled in 2008

Lot Details

  • 4,748

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 37.4 x 125

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,308

Year Built

Built in 1936 | Remodeled in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1936
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2008
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2008

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 37.4 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 16

Tax Info

  • Tax Annual Amount: 7308.33
  • Tax Year: 2020

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Nov 11, 2022
Sold by
Mcmurray Dennis C
Bought by
Pacheco Yvette M and Esch Michael A
Seller's Agent
Roman Lewis
Baird & Warner
Buyer's Agent
Viviana Fernandini
Coldwell Banker Realty
List Price
$414,000
Sold Price
$395,000
Premium/Discount to List
-$19,000
-4.59%
Views
114
Current Estimated Value
$492,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,202
Avg. Annual Appreciation
7.74%
Original Mortgage
$391,800
Outstanding Balance
$379,494
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$112,708
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
Pacheco Yvette M $395,000 Saturn Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pacheco Yvette M $391,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2022 11/17/22 Sold $395,000 -1.2% $165 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
09/22/2022 09/22/22 Price Changed $399,900 -3.4% $167 / Sq Ft
09/03/2022 09/03/22 For Sale $414,000 0.0% $173 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $414,000 -- $173 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,966 $45,001 $14,648 $30,353
2023 $6,087 $33,001 $11,813 $21,188
2022 $6,087 $33,001 $11,813 $21,188
2021 $5,970 $32,999 $11,812 $21,187
2020 $7,308 $35,890 $5,906 $29,984
2019 $7,417 $40,326 $5,906 $34,420
2018 $7,291 $40,326 $5,906 $34,420
2017 $6,885 $35,340 $5,197 $30,143
2016 $6,582 $35,340 $5,197 $30,143
2015 $5,999 $35,340 $5,197 $30,143
2014 $5,843 $34,036 $4,725 $29,311
2013 $5,716 $34,036 $4,725 $29,311
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11613870

Midwest Real Estate Data (MRED)

APN: 13-31-406-014-0000