NOT LISTED FOR SALE

1894 Phillips Ave Holt, MI 48842

Estimated Value: $244,030 - $297,000

Studio
-- Bath
3,110 Sq Ft
$85/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $183,990 $59 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,877/month

4 Days on Market

About This Home

As of May 2019

Great 4 unit located in Delhi Township. Close to schools and expressways. Each unit is a 2 bedroom, 1 bath apartment. Coin laundry located in building.

Last Agent to Sell the Property

David Barone

RE/MAX Real Estate Professionals License #6506039233 Listed on: 04/01/2019

RE/MAX Real Estate Professionals

Last Buyer's Agent

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 10,237 Sq Ft Lot
  • Lot Dimensions are 66 x 155

Home Design

  • Bi-Level Home
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 3,110 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • No Garage

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $33,300

Community Details

Overview

  • 4 Units
  • Phillips Subdivision

Building Details

  • Insurance Expense $2,004
  • Maintenance Expense $570
  • Water Sewer Expense $1,500
  • New Taxes Expense $4,856
  • Operating Expense $6,926
  • Net Operating Income $20,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Gross Rent: 33300.0
  • Less Fuel: 3900.0
  • Net Income: 20950.0
  • Other Income: 480.0
  • Total Expense: 6926.0
  • Water Sewer Expenses: 1500.0
  • Misc Business Info Construction Type: wood frame
  • Misc Business Info Parking Surface: blacktop
  • Misc Business Info Roof Type: shingle
  • Tax Year: 2018
  • Registered Licenses for Unrelated Occupants: Yes
  • Misc Business Info Overall Building Siz: 3110
  • Year Built: 1970
  • Lot Size Acres: 0.24
  • Lot Size: 66 x 155
  • Subdivision Name: Phillips
  • Above Grade Finished Sq Ft: 3110.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 66 x 155
  • General Property Info:Above Grade Finished Area: 3110.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 4856.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 4 unit
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Insurance4: 2004.0
  • Annual Inc Expense:Tax Expense2: 4856.0
  • Annual Inc Expense:Maintenance3: 570.0
  • Misc Business Info Zoning5: multi-family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Hot Water, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Aluminum Siding

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features: Asphalt, No Garage, Joint
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 8
  • General Property Info:Parking Total: 8

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • SecurityFeatures: Smoke Detector(s)
  • Utilities: Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Holt/Dimondale

Lot Info

  • Lot Size Sq Ft: 10236.6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 2004.0
  • Maintenance Expense: 570.0
  • Property Net Operating Income: 20950.0

Tax Info

  • New Taxes Expense: 4856.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2020
Sold by
Home Is Th4e Best Llc
Bought by
Yang Jie and Luo Ni
Current Estimated Value
$274,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,500
Outstanding Balance
$120,136
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$144,122

Purchase Details

Closed on
Aug 9, 2019
Sold by
Yang Jie
Bought by
Home Is The Best Llc

Purchase Details

Listed on
Apr 1, 2019
Closed on
May 24, 2019
Sold by
Franklin Hart Investments Llc
Bought by
Yang Jie
Seller's Agent
David Barone
RE/MAX Real Estate Professionals
Buyer's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$169,900
Sold Price
$183,990
Premium/Discount to List
$14,090
8.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$137,990
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2013
Sold by
Derose Giuseppe C and Derose Domenica
Bought by
Jt & F Llc

Purchase Details

Closed on
Nov 5, 2013
Sold by
Derose Frank L and Derose Ines I
Bought by
Jt & F Llc

Purchase Details

Closed on
Jul 11, 1995
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
Yang Jie -- Liberty Title
Home Is The Best Llc -- None Available
Yang Jie $183,990 None Available
Franklin Hart Investments Llc $235,000 None Available
Jt & F Llc -- None Available
Jt & F Llc -- Tri County Title Agency Llc
-- $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Jie $165,500
Previous Owner Yang Jie $137,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2019 05/24/19 Sold $183,990 +8.3% $59 / Sq Ft
04/05/2019 04/05/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $169,900 -- $55 / Sq Ft
Source: Greater Lansing 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
2025 $5,276 $104,400 $12,000 $92,400
2024 $10 $88,500 $11,000 $77,500
2023 $5,026 $71,300 $8,000 $63,300
2022 $5,167 $71,300 $8,000 $63,300
2021 $5,027 $71,300 $8,000 $63,300
2020 $5,084 $71,300 $8,000 $63,300
2019 $4,877 $71,100 $8,000 $63,100
2018 $4,856 $67,700 $8,000 $59,700
2017 $4,636 $67,700 $8,000 $59,700
2016 $5,158 $67,700 $8,000 $59,700
2015 $5,187 $67,000 $16,000 $51,000
2014 $5,187 $67,000 $16,000 $51,000
Source: Public Records

Agents Affiliated with this Home

  • David Barone

    Seller's Agent in 2019

    David Barone

    RE/MAX Michigan

    (517) 719-5727

    57 Total Sales

    David Barone
    Section Image
  • Peter MacIntyre

    Buyer's Agent in 2019

    Peter MacIntyre

    RE/MAX Michigan

    (517) 256-6664

    23 in this area

    501 Total Sales

    Peter MacIntyre
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 235014

Greater Lansing Association of Realtors®

APN: 25-05-22-230-008

Michigan Ingham County Holt 48842

1894 Phillips Ave, Holt, MI

Not Listed for Sale

MultiFamily

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