NOT LISTED FOR SALE

Estimated Value: $64,360 - $204,000

Studio
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: April 17, 2013

Last sale price $28,000

Est. 345% increase in value since last sale

Current estimated payment $717 / mo

22 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Reed Street Park

About This Home

As of April 2013

3 units, two- 1 bdrm units and one 3 bdrm townhouse style. Lower level 1 bdrm apt includes fireplace in Living room and has bsmt. access. 2 one car garages, two driveways. Gas and Electric bills divided by number of apartments occupied. Rental rates as follows, $700, $500 and $350 per month. Rental certification being revoked for minor repairs throughout building. Owner estimates all can be repaired for approx. $3,000. This is a great opportunity for someone to establish equity by completing repairs. Units are clean and appear to be in good repair other than bath tub area in the one bdrm apt.upstairs. Tenants are being ordered to vacate.

Last Agent to Sell the Property

Nancy Fish

Park Place Real Estate License #6502106710 Listed on: 03/04/2013

Last Buyer's Agent

Nancy Fish

Park Place Real Estate License #6502106710 Listed on: 03/04/2013

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1921

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • Gross Income $16,740

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1921

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 34000.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: RS-5

Rental Info

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

Multi Family

  • Gross Income: 16740.0

Tax Info

  • Tax Annual Amount: 3417.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2013
Closed on
Apr 17, 2013
Sold by
Arums Valdis and Arums Aija
Bought by
Mejia Lizbeth
Seller's Agent
Nancy Fish
Park Place Real Estate
Buyer's Agent
Nancy Fish
Park Place Real Estate
List Price
$34,000
Sold Price
$28,000
Premium/Discount to List
-$6,000
-17.65%
Current Estimated Value
$124,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,590
Avg. Annual Appreciation
12.19%

Purchase Details

Closed on
Jul 22, 2010
Sold by
Rbs Citizens Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 15, 2010
Sold by
Suhr Kyle R and Suhr Lisa
Bought by
Rbs Citizens Na and Citizens Bank Na
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
Mejia Lizbeth $28,000 Devon Title Company
Federal National Mortgage Association -- None Available
Rbs Citizens Na $49,700 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2013 04/17/13 Sold $28,000 -17.6% --
03/26/2013 03/26/13 Pending -- -- --
03/04/2013 03/04/13 For Sale $34,000 -- --
Source: MichRIC

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 $553 $41,400 $0 $0
2024 $551 $33,100 $0 $0
2023 $285 $16,600 $0 $0
2022 $729 $14,900 $0 $0
2021 $2,487 $53,700 $0 $0
2020 $2,440 $47,000 $0 $0
2019 $2,350 $38,200 $0 $0
2018 $2,371 $34,000 $0 $0
2017 $2,209 $34,700 $0 $0
2016 $2,209 $34,300 $0 $0
2015 $2,209 $33,600 $0 $0
2014 $2,209 $30,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 13011367

MichRIC

APN: 06-27-226-002

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