$281,900
SOLD SEP 17, 2024

1914 W Smith Temperance, MI 48182

6 Beds
3 Baths
3,040 Sq Ft
1 Acres

Recently Sold

$93 Per Sq Ft

1% Below List Price

41 Days on Market

Highlights

  • Garden
  • Ceiling Fan
  • Baseboard Heating
  • Forced Air Heating and Cooling System

About This Home

As of September 2024

Prime Investment Opportunity in Bedford, MI – Multi-Unit Rental Property *** This beautifully remodeled property at 1914 Smith Rd. in Temperance, MI, offers a total of 3,040 sq ft of rentable space, including a main house and two additional apartments. Perfect for the savvy investor, this property is designed to generate substantial rental income from all three units. The main house features three bedrooms and one bathroom within its 1,328 sq ft. Located just behind the main house, the two additional apartments are already generating steady rental income. The downstairs unit offers one bedroom and one bathroom, while the upstairs unit includes two bedrooms and one bathroom. Each apartment is fully equipped with a range/oven, refrigerator, air conditioning, separate washer/dryer hookups, and a storage shed. One of the key advantages of this property is the separate electrical boxes, gas, and water meters for each unit, simplifying the rental process and providing clear utility management for the tenants. Currently, both apartments are occupied by friendly, reliable tenants who are eager to stay, ensuring immediate and consistent rental income. This Bedford property is a rare find, combining a desirable location, excellent condition, and significant rental potential. Whether you are looking to rent out all three units or live in one while renting the others, this investment offers flexibility and substantial financial rewards. The investment property you've been searching for is now just one call away!

Last Agent to Sell the Property

Kimberly Carey

NextHome Elevate in Temperance License #MCAR-6502431072 Listed on: 07/19/2024

NextHome Elevate in Temperance

Last Buyer's Agent

Aaron Jennings

Wiens And Roth Real Estate - Lambertville License #MCAR-6501429868

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 107x396
  • Garden

Parking

  • 3 Car Parking Spaces

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Oven or Range
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Boiler Heating System
  • Separate Meters

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 02 033 045 00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,405

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Originating MLS: Southeastern Border Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1924
  • Mail City: Temperance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 3040

Exterior Features

  • Exterior Features: Garden Area
  • Frontage: 107
  • Foundation Type: Basement, Slab

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s), Central A/C, Wall/Window A/C
  • Fuel Type: Natural Gas
  • Heating System: Baseboard, 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: 02 033 045 00
  • Lot Dimensions: 107x396
  • Acreage: 1
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2024, Amount: $853.60
  • Winter Tax: Year: 2023, Amount: $2,551.04
  • Total Tax: Amount: $3,404.64

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Bedford Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Sep 17, 2024
Sold by
Gary L Dunton L and Gary Marilyn L
Bought by
Pelham Thomas James
Seller's Agent
Kimberly Carey
NextHome Elevate in Temperance
Buyer's Agent
Aaron Jennings
Wiens And Roth Real Estate - Lambertville
List Price
$284,900
Sold Price
$281,900
Premium/Discount to List
-$3,000
-1.05%
Total Days on Market
41
Views
6
Current Estimated Value
$278,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,910
Avg. Annual Appreciation
-1.37%
Original Mortgage
$197,330
Outstanding Balance
$196,239
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$82,751

Purchase Details

Closed on
May 31, 2018
Sold by
Dunton Gary L and Dunton Marilyn L
Bought by
Dunton Gary L and Du Marilyn
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 Type Sale Price Title Company
Warranty Deed $281,900 None Listed On Document
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $197,330 New Conventional
Previous Owner $90,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $281,900 -1.1% $93 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $284,900 -- $94 / 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 $854 $125,600 $0 $0
2023 $813 $83,000 $0 $0
2022 $3,214 $83,000 $0 $0
2021 $3,083 $80,500 $0 $0
2020 $2,989 $71,400 $0 $0
2019 $2,947 $71,400 $0 $0
2018 $2,748 $65,200 $0 $0
2017 $2,646 $65,200 $0 $0
2016 $2,619 $70,900 $0 $0
2015 $2,527 $62,200 $0 $0
2014 $2,527 $62,200 $0 $0
2013 $2,526 $62,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Carey

    Seller's Agent in 2024

    Kimberly Carey

    NextHome Elevate in Temperance

    (567) 277-8557

    155 Total Sales

    Kimberly Carey
    Section Image
  • Aaron Jennings

    Buyer's Agent in 2024

    Aaron Jennings

    Wiens And Roth Real Estate - Lambertville

    (419) 708-4160

    68 Total Sales

    Aaron Jennings
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50149078

Michigan Multiple Listing Service

APN: 02-033-045-00

Michigan Monroe County Temperance 48182

1914 W Smith, Temperance, MI

This home is located at 1914 W Smith, Temperance, MI 48182 and is currently priced at $281,900, approximately $92 per square foot. This property was built in 1924. 1914 W Smith is a home located in Monroe County with nearby schools including Douglas Road Elementary School, Bedford Junior High School, and Bedford 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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