NOT LISTED FOR SALE

Estimated Value: $114,000 - $149,000

4 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold March 27, 2024

Last sale price $115,000

Est. 10% increase in value since last sale

Current estimated payment $858/month

18 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 2-minute walk to Norm Creger Memorial Park

About This Home

As of March 2024

Prime investment opportunity! This 2-unit property features two 3-bed, 1-bath units. Units are separately metered for gas and electric. Bottom unit is vacant and has new carpet and freshly painted. Close to shopping, restaurants and the 127 & 94 Interchange. High rental demand in a central location. Don't miss out on this lucrative investment!

Last Agent to Sell the Property

Jeff Windham

ERA REARDON REALTY, L.L.C. License #6501390464 Listed on: 02/09/2024

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

Mary Playford

Playford Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,241

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 125 x 59
  • Flag Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,241

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 70.15
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 125 x 59
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Flag Lot: Yes
  • Extras:Sep Gas Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 125000.0
  • Lot Features: Flag Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 125 x 59
  • Lot Size Sq Ft: 7405.0
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2240.8
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2021
Sold by
Frattini Mark and Frattini Nina
Bought by
Hundred Acre Wood Properties Llc
Current Estimated Value
$126,852

Purchase Details

Closed on
Jun 10, 2021
Sold by
Spink Brian
Bought by
Frattini Mark and Frattini Nina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,187
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2021
Sold by
Pringle Holdings Llc
Bought by
Spink Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,187
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2018
Closed on
May 18, 2018
Sold by
Spink Brian and Spink Karen
Bought by
Pringle Hodings Llc
Seller's Agent
George Pierson
Home 1st Real Estate
Buyer's Agent
Eric Ropp
Century 21 Affiliated - Jackson
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$95,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Apr 4, 2018
Closed on
May 17, 2018
Sold by
Long Cleedis and Long Cleedis
Bought by
Spink Brian and Spink Karen
Seller's Agent
George Pierson
Home 1st Real Estate
Buyer's Agent
Eric Ropp
Century 21 Affiliated - Jackson
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hundred Acre Wood Properties Llc -- None Available
Frattini Mark $68,250 Devon Title Agency
Spink Brian -- None Available
Pringle Hodings Llc -- None Available
Spink Brian $120,000 Devon Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frattini Mark $51,187
Previous Owner Spink Brian $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2024 03/27/24 Sold $115,000 -8.0% --
02/09/2024 02/09/24 For Sale $125,000 +108.3% --
05/17/2018 05/17/18 Sold $60,000 -- -- View Prior Sale
03/16/2018 03/16/18 Pending -- -- --
Source: MichRIC

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 $2,338 $50,600 $0 $0
2024 $20 $40,700 $0 $0
2023 $1,940 $33,400 $0 $0
2022 $2,137 $30,900 $0 $0
2021 $1,738 $26,950 $0 $0
2020 $1,717 $25,150 $0 $0
2019 $1,671 $23,800 $0 $0
2018 $921 $21,550 $0 $0
2017 $844 $20,750 $0 $0
2016 $728 $18,200 $18,200 $0
2015 $794 $16,600 $16,600 $0
2014 $794 $12,800 $12,800 $0
2013 -- $12,800 $12,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24006795

MichRIC

APN: 6-127100000