NOT LISTED FOR SALE

1875 River Rd Saint Clair, MI 48079

Estimated Value: $310,554 - $414,000

6 Beds
3 Baths
3,600 Sq Ft
$101/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $165,000 $46 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $2,370/month

234 Days on Market

Highlights

  • Colonial Architecture
  • Ceiling height of 9 feet or more
  • Forced Air Heating System
  • 6 Car Detached Garage

About This Home

As of April 2017

Looking for a money maker? Looking for a large return on your investment? Well than look no further!! This is a 3,600 sq feet full masonry building priced well below the appraised value. Offering 3 units, w/ 2 bedrooms & 1 full bath in each. In addition, the building has a large detached garage w/ all utilities (water, sewer, gas and electric) w/ a large bonus room above! This is truly a great find! Rent it all out or live in one unit & rent the other two. Net Profit Cap Rate approximately 11%. Land Contract Terms: 20% down, 6% interest, amortized over 30 years, 5 year balloon.

Last Agent to Sell the Property

Sandra Weber

Real Estate One Chesterfield License #MISPE-6501359436 Listed on: 08/12/2016

Real Estate One Chesterfield

Co-Listed By

Coren Merida

Real Estate One Chesterfield License #MISPE-6501376172

Last Buyer's Agent

Angela Levitan

Drinkwine & Levi Real Estate, LLC License #MISPE-6502431248

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,758

Lot Details

  • 0.48

Parking

  • 6 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Basement
  • Block Basement Construction
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 74308000022000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,758

Lot Details

0

Listing Details

  • Originating MLS: MI Real Source
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Year Built: 9999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 9 Ft + Ceilings
  • Appliances: Disposal
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Source of Sq Ft: Estimated
  • Estimated Sq Ft: 3600

Exterior Features

  • Construction: Brick
  • Water Features: Water View
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 6
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Boiler, Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 74308000022000
  • Lot Dimensions: irregular
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2014, Amount: $3,296.00
  • Winter Tax: Year: 2014, Amount: $1,152.00

Multi Family

  • Total Units: 3

MLS Schools

  • School District: East China School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2016
Closed on
Apr 14, 2017
Sold by
Randy Stephens
Bought by
Zora Alik
Seller's Agent
Sandra Weber
Real Estate One Chesterfield
Buyer's Agent
Angela Levitan
Drinkwine & Levi Real Estate, LLC
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Current Estimated Value
$362,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,139
Avg. Annual Appreciation
9.86%

Purchase Details

Closed on
Dec 31, 2013
Sold by
Federal National Mortgage Association
Bought by
Stephens Randy

Purchase Details

Closed on
Jul 6, 2010
Sold by
Sheppard Joseph A
Bought by
Stephens Randy

Purchase Details

Closed on
Jun 3, 2010
Sold by
Stromco Rentals Llc
Bought by
Sheppard Joseph A

Purchase Details

Closed on
Mar 18, 2010
Sold by
Sheppard Joseph A and Sheppard Dina L
Bought by
Federal National Mortgage Association
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
Zora Alik $165,000 Greater Macomb Title Agency
Stephens Randy -- None Available
Stephens Randy $60,000 Multiple
Sheppard Joseph A -- None Available
Federal National Mortgage Association $83,850 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stephens Randy $40,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $165,000 +3.1% $46 / Sq Ft
04/03/2017 04/03/17 Pending -- -- --
08/12/2016 08/12/16 For Sale $160,000 -- $44 / Sq Ft
Source: Michigan Multiple Listing Service

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 $4,758 $207,900 $0 $0
2024 $4,758 $187,600 $0 $0
2023 $4,454 $187,500 $0 $0
2022 $4,427 $182,400 $0 $0
2021 $5,117 $172,500 $0 $0
2020 $831 $171,000 $171,000 $0
2019 $819 $115,900 $0 $0
2018 $4,944 $115,900 $0 $0
2016 $1,677 $115,100 $0 $0
2015 -- $104,000 $104,000 $0
2014 -- $100,900 $100,900 $0
2013 -- $95,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sandra Weber

    Seller's Agent in 2017

    Sandra Weber

    Real Estate One Chesterfield

    (586) 212-7350

    1 in this area

    90 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2017

    Coren Merida

    Real Estate One Chesterfield

  • Angela Levitan

    Buyer's Agent in 2017

    Angela Levitan

    Drinkwine & Levi Real Estate, LLC

    (586) 335-9404

    21 Total Sales

    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31300156

Michigan Multiple Listing Service

APN: 30-800-0022-000

Michigan St. Clair County Saint Clair 48079

1875 River Rd, Saint Clair, MI

This home is located at 1875 River Rd, Saint Clair, MI 48079 since 12 August 2016 and is currently estimated at $362,139, approximately $100 per square foot. 1875 River Rd is a home located in St. Clair County with nearby schools including Gearing Elementary School, St. Clair Middle School, and St. Clair High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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