NOT LISTED FOR SALE

1907 N Charles +7 More Saginaw, MI 48602

Butman-Fish Neighborhood

Estimated Value: $55,000 - $75,000

2 Beds
1 Bath
869 Sq Ft
$77/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $276,000 $318 Per Sq Ft

Current estimated payment $507/month

111 Days on Market

About This Home

As of March 2022

This is an amazing opportunity to take over 9 rental units with great history and 8 rented. Total rents are $5183.00 currently but almost all are way below current market rents NO MSHDA OR SECTION 8 currently Total taxes for year are $6792.00. Only one duplex has owner paying water average $96month. All the rest the tenant pays all utilities except trash and some are also billed monthly for trash. Cap rate is 17.8% but higher if rent up to market rates. NO SHOWINGS without accepted offer with proof of funds and financing set if using owner financing. You will have 7 day inspection period and closing in 14 days ( unless agreed otherwise) Do NOT bother tenants 1907 S. Charles Long term tenant 2318 Marion One side 13 year tenant 617 N. Oakley Lease to 4/ 22 1518 Hess Lease to 11/22 1723 Webber long term tenant over 8 year 2023 Robinwood Lease to 3/22 2316 Oakwood 3015 Webber will have new windows, paint, flooring at sale $750 (2 in line) Agent related to seller

Last Agent to Sell the Property

Bill Waterman

Woodland Realty License #SBR-6504352656 Listed on: 12/01/2021

Woodland Realty

Last Buyer's Agent

Ebony White

EXP Realty License #SBR-6501415679

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1928

Lot Details

  • 436 Sq Ft Lot
  • Lot Dimensions are 40 x 98

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Separate Meters

Additional Features

  • Basement

Community Details

  • 9 Units
  • Pettibones Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-1723-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,265

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Originating MLS: Saginaw Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Total Tax Amount: 1265
  • Total Tax Year: 2021
  • Year Built: 1928
  • Mail City: Saginaw
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Half Bathrooms: 1
  • Estimated Sq Ft: 869

Exterior Features

  • Construction: Brick
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessments: 230
  • Assessments: Yes
  • Assessor Parcel Number: 14-1723-00000
  • Lot Dimensions: 40 x 98
  • Acreage: 0.01
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Lease Required
  • Total Expenses: 1265

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,088.00
  • Winter Tax: Year: 2020, Amount: $177.00
  • Taxable Value: 17000
  • Total Tax: Year: 2021, Amount: $1,265.00
  • SEV Year: 2021

Multi Family

  • Total Units: 9

MLS Schools

  • School District: Saginaw City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2022
Sold by
Aviva Properties Llc
Bought by
M & D Properties Llc
Current Estimated Value
$67,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Outstanding Balance
$199,933
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
-$130,266

Purchase Details

Listed on
Dec 1, 2021
Closed on
Mar 21, 2022
Sold by
Billy Joe Waterman Trust
Bought by
Aviva Properties Llc
Seller's Agent
Bill Waterman
Woodland Realty
Buyer's Agent
Ebony White
EXP Realty
List Price
$350,000
Sold Price
$276,000
Premium/Discount to List
-$74,000
-21.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-34.19%

Purchase Details

Closed on
Jan 24, 2020
Sold by
Topham Bernard T and Topham Bernard T
Bought by
The Billy Joe Waterman Trust

Purchase Details

Closed on
Mar 7, 2011
Sold by
Topham Bernard T and Topham Yvonne T
Bought by
Topham Bernard T and Bernard T Topham Jr Revocable

Purchase Details

Closed on
Aug 12, 2010
Sold by
Department Of Housing And Urban Develo
Bought by
Topham Bernard T

Purchase Details

Closed on
Feb 5, 2010
Sold by
Citimortgage Inc
Bought by
Sec Of Housing And Urban Development

Purchase Details

Closed on
Oct 23, 2009
Sold by
Ross Susan E
Bought by
Citimortgage Inc

Purchase Details

Closed on
Sep 12, 2007
Sold by
Doughty Heidi
Bought by
Ross Susan E

Purchase Details

Closed on
Jul 28, 2004
Sold by
Ross Susan E
Bought by
Doughty Heidi

Purchase Details

Closed on
Nov 15, 2001
Sold by
Fahrenbruch Julie A
Bought by
Ross Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,342
Interest Rate
6.64%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 1995
Sold by
Gates Genevieve Est
Bought by
Fahrenbruch Julie A
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
M & D Properties Llc -- --
Aviva Properties Llc $276,000 Diversified National Title
The Billy Joe Waterman Trust $64,900 None Available
Topham Bernard T -- --
Topham Bernard T $6,617 --
Sec Of Housing And Urban Development -- --
Citimortgage Inc $53,551 --
Ross Susan E -- --
Doughty Heidi $55,000 --
Ross Susan E $53,900 --
Ross Susan E $53,925 --
Fahrenbruch Julie A $25,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & D Properties Llc $207,000
Previous Owner Ross Susan E $53,342
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $276,000 -21.1% $318 / Sq Ft
12/01/2021 12/01/21 For Sale $350,000 -- $403 / 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
2024 $1,644 $28,900 $0 $0
2023 $1,578 $25,600 $0 $0
2022 $1,329 $19,300 $0 $0
2021 $1,250 $17,000 $0 $0
2020 $1,040 $16,100 $0 $0
2019 $1,044 $15,200 $700 $14,500
2018 $873 $15,816 $0 $0
2017 $1,027 $15,850 $0 $0
2016 $1,025 $15,895 $0 $0
2014 -- $16,999 $0 $16,273
2013 -- $17,585 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50061889

Michigan Multiple Listing Service

APN: 14 1723 00000