NOT LISTED FOR SALE

Estimated Value: $226,000 - $279,000

3 Beds
3 Baths
-- Sq Ft
24,829 Sq Ft

Last Sold June 23, 2022

Last sale price $200,000

Est. 25% increase in value since last sale

Current estimated payment $1,581/month

51 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of June 2022

Great opportunity has arrived for the savvy investor. Current owner has owned this 3 unit property for over 40 years and has been a steady investment over the years. Great location, over 2100 square feet with basement, separated utilities, plenty of parking and onsite laundry set up. The 3 units consist of a 2 bedroom 1 bath, a 1 bedroom 1 bath and an efficiency. The large over 1/2 acre lot offers also offers an opportunity to extend and possibly build additional units. Note current rent is under market rate.

Last Agent to Sell the Property

Paul Valentin

Jaqua, REALTORS License #6501329670 Listed on: 03/27/2022

Jaqua, REALTORS

Last Buyer's Agent

Dan Thornton

Michigan Top Producers License #6501393083

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,366

Year Built

  • Built in 1932

Lot Details

  • 0.57 Acre Lot
  • Corner Lot

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,366

Year Built

Built in 1932

Lot Details

0.57 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1932
  • General Property Info:Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 207000.0
  • Lot Features: Corner Lot, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.57
  • Lot Size Area: 0.57
  • Lot Dimensions: 82/300
  • Lot Size Sq Ft: 24829.0

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 4366.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2022
Closed on
Jun 23, 2022
Sold by
Provancher Lawrence E and Provancher Aura M
Bought by
Karani Veronicah W
Seller's Agent
Paul Valentin
Jaqua, REALTORS
Buyer's Agent
Dan Thornton
Michigan Top Producers
List Price
$207,000
Sold Price
$200,000
Premium/Discount to List
-$7,000
-3.38%
Current Estimated Value
$250,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,832
Avg. Annual Appreciation
6.31%
Original Mortgage
$150,000
Outstanding Balance
$143,337
Interest Rate
5.78%
Mortgage Type
Balloon
Estimated Equity
$107,495

Purchase Details

Closed on
Oct 27, 2005
Sold by
Provancher Mark A and Provancher Lorena M
Bought by
Provancher Lawrence E and Provancher Aura M

Purchase Details

Closed on
Sep 1, 1998
Sold by
Provancher Lawrence E and Provancher Aura M
Bought by
Provancher Mark A and Provancher Lorena M
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
Karani Veronicah W $200,000 None Listed On Document
Provancher Lawrence E $85,037 Metro
Provancher Mark A $72,400 Metro
Provancher Mark A -- Metro
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karani Veronicah W $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2022 06/23/22 Sold $200,000 -3.4% --
05/17/2022 05/17/22 Pending -- -- --
03/27/2022 03/27/22 For Sale $207,000 -- --
Source: MichRIC

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 $3,502 $131,200 $0 $0
2024 $3,204 $122,700 $0 $0
2023 $3,366 $106,400 $0 $0
2022 $3,349 $94,400 $0 $0
2021 $4,366 $89,100 $0 $0
2020 $4,284 $83,100 $0 $0
2019 $4,114 $73,500 $0 $0
2018 $4,019 $70,200 $0 $0
2017 $4,054 $66,700 $0 $0
2016 $4,054 $64,600 $0 $0
2015 $4,054 $62,600 $0 $0
2014 $4,054 $61,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22009925

MichRIC

APN: 06-35-204-001

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