NOT LISTED FOR SALE

1830 Axtell Dr Troy, MI 48084

Estimated Value: $158,635 - $197,000

12 Beds
8 Baths
7,000 Sq Ft
$25/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $795,000 $114 Per Sq Ft

Current estimated payment $1,116/month

5 Days on Market

Highlights

  • In Ground Pool
  • Clubhouse
  • Ceiling Fan
  • Bemis Elementary School Rated A+
  • Lobby
  • Baseboard Heating

About This Home

As of October 2019

A+ location. Here's your chance to own your own building of 8 units at Bayberry Place Condos. 4 1-bedroom units and 4 2-bedroom units. Community features include a 24-hour gym, clubhouse, and pool. Quiet community. Award winning schools. Condo dues include heat, water, exterior maintenance, snow and lawn care. Rents are below market and can be increase significantly with improvements.

Last Agent to Sell the Property

Scott Rubin

Andover Real Estate dba Houzeo Michigan License #6502377975 Listed on: 08/26/2019

Last Buyer's Agent

Amy Shihua Tian

Community Choice Realty Inc License #6501313707

Community Choice Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1967

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 8 Full Bathrooms
  • 7,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Pool

  • In Ground Pool

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Shared Water Meter
  • Natural Gas Water Heater

Community Details

Overview

  • 8 Units

Amenities

  • Clubhouse
  • Laundry Facilities
  • Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,734

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Intercom, Laundry Facility
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Basement: Yes
  • Basement Type: Common, Unfinished
  • Sq Ft Combined: 7000
  • Total Sq Ft: 7000

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Club House, Pool - Inground
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Common, Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Troy

Lot Info

  • Lot Dimensions: IRREGULAR
  • Zoning: Residential

Rental Info

  • Rent Includes: Association Fee, Trash Collection (Garbage Pickup), Heat, Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 7610

Tax Info

  • Tax Amount Summer: 6385.3200
  • Tax Amount Winter: 2348.7200
  • Total Tax: 8734.0400

Multi Family

  • Gross Scheduled Income: 103260.00
  • Number Of Units Total: 8
  • Number of One Bedroom Units: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 8

MLS Schools

  • School District: Troy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2019
Closed on
Oct 18, 2019
Sold by
Bayberry Troy Llc
Bought by
Lake Forest Investments Llc
Seller's Agent
Scott Rubin
Andover Real Estate dba Houzeo Michigan
Buyer's Agent
Amy Shihua Tian
Community Choice Realty Inc
List Price
$825,000
Sold Price
$795,000
Premium/Discount to List
-$30,000
-3.64%
Current Estimated Value
$172,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$622,091
Avg. Annual Appreciation
-23.08%
Original Mortgage
$596,250
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 13, 2016
Sold by
Bayberry Place Condominium Llc
Bought by
Bayberry Troy Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,852,000
Interest Rate
3.93%
Mortgage Type
Commercial
Source: Public Records

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
Lake Forest Investments Llc $795,000 Liberty Title
Bayberry Troy Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lake Forest Investments Llc $596,250
Previous Owner Bayberry Troy Llc $1,852,000
Previous Owner Bayberry Place Condominium Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $795,000 -3.6% $114 / Sq Ft
08/31/2019 08/31/19 Pending -- -- --
08/26/2019 08/26/19 For Sale $825,000 -- $118 / Sq Ft
Source: Realcomp

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
2022 $2,166 $52,750 $0 $0
2015 $2,625 $31,300 $0 $0
2014 -- $24,200 $0 $0
2011 -- $35,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219088027

Realcomp

APN: 20-29-356-097