NOT LISTED FOR SALE

Estimated Value: $418,000 - $676,000

Studio
-- Bath
-- Sq Ft
0.81 Acre Lot

Sale Details

Date Sold: December 30, 2019

Last sale price $427,000

Est. 27% increase in value since last sale

Current estimated payment $3,899 / mo

5 Days on Market

Highlights

  • 0.81 Acre Lot
  • Property is near a preserve or public land
  • High Speed Internet
  • Cul-De-Sac
  • Hot Water Heating System

About This Home

As of December 2019

Uniquely attractive 5 unit in Hillcrest neighborhood overlooks tennis courts at the Y and is adacent to WMU Kleinstuck nature preserve! Each unit has a working fireplace and is approx 800 SF or more each. Three on main level, two in walkout level with patios. Floors are part hardwood. Updated siding and Blackberry replacement windows. Two parking spaces per unit, one in carport and one off street. Kitchens and baths also updated. Seller states unit 1 has 3 yr old furnace, 20 yr old boiler for units 2-5, gutters one yr old, roof 3 yrs. old. Strong rental history. No showings before Tuesday Nov 12. Do not approach tenants.
Includes extra lot (93X132) 2005 Stearns. The taxes and road frontage are shown for both. 2007 Stearns dimensions are reported as 160X145.
GOI $48,000

Last Agent to Sell the Property

Nancy Fish

Park Place Real Estate License #6502106710 Listed on: 11/09/2019

Last Buyer's Agent

Paul Bunce

Paul Bunce Real Estate License #6502415557

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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,365

Year Built

  • Built in 1956

Lot Details

  • 35,284 Sq Ft Lot
  • Cul-De-Sac

Parking

  • 10 Parking Spaces

Home Design

  • Vinyl Siding

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 5 Units
  • Property is near a preserve or public land

Building Details

  • Insurance Expense $2,477
  • Maintenance Expense $5,437
  • Utility Expense $3,314
  • Operating Expense $18,353
  • Gross Income $48,000
  • Net Operating Income $29,646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,365

Year Built

Built in 1956

Lot Details

0.81 Acres

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1956
  • General Property Info:Basement: Yes
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer
  • Extras:Extras: Carports
  • Lot Description:Lot Description: Adj. to Public Land, Cul-De-Sac
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding, Other
  • List Price: 280000.0
  • Lot Features: Adj. to Public Land, Cul-De-Sac
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Hot Water

Lot Info

  • Lot Size Acres: 0.81
  • Lot Size Area: 0.81
  • Lot Dimensions: 253Xvarious
  • Lot Size Sq Ft: 35284.0

Rental Info

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

Multi Family

  • Gross Income: 48000.0
  • Insurance Expense: 2477.0
  • Maintenance Expense: 5437.0
  • Net Operating Income: 29646.0
  • Number of Units Total: 5
  • Operating Expense: 18353.0

Tax Info

  • Tax Annual Amount: 7365.0
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2019
Closed on
Dec 30, 2019
Sold by
Bought by
Seller's Agent
Nancy Fish
Park Place Real Estate
Buyer's Agent
Paul Bunce
Paul Bunce Real Estate
List Price
$280,000
Sold Price
$427,000
Premium/Discount to List
$147,000
52.5%
Current Estimated Value
$542,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,150
Avg. Annual Appreciation
3.66%
Original Mortgage
$341,600
Outstanding Balance
$256,152
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$285,998
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
-- Chicago Title Of Mi Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $341,600
Previous Owner $22,000
Previous Owner $58,000
Previous Owner $2,716,954
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/30/2019 12/30/19 Sold $427,000 +52.5% --
11/14/2019 11/14/19 Pending -- -- --
11/09/2019 11/09/19 For Sale $280,000 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,095 $200,300 $0 $0
2025 $4,676 $187,500 $0 $0
2024 $4,539 $186,900 $0 $0
2023 $4,325 $166,200 $0 $0
2022 $9,655 $154,000 $0 $0
2021 $9,338 $145,300 $0 $0
2020 $9,277 $133,200 $0 $0
2019 $6,866 $126,200 $0 $0
2018 $6,708 $114,100 $0 $0
2017 $6,765 $115,600 $0 $0
2016 $6,765 $110,500 $0 $0
2015 $6,765 $110,700 $0 $0
2014 $6,765 $104,700 $0 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 19054390

MichRIC

APN: 06-28-250-001

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