NOT LISTED FOR SALE

201 E South Holly Rd Fenton, MI 48430

Estimated Value: $279,000 - $392,000

4 Beds
3 Baths
2,000 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $200,000 $100 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,000/month

16 Days on Market

About This Home

As of June 2021

ATTENTION ALL INVESTORS! Property is tenant occupied. DO NOT approach tenants or property. No showings without accepted offer. Great Cash flowing triplex close to downtown. Completely renovated home with New vinyl windows, Brand new roof, 3 new water heaters and 3 new furnaces! Super cute and clean inside and outside! Recently renovated! Ready to start cash flowing for you with no work to be done! Turn key property with paying tenants. Tenants pay all utilities. Separate water and electric meters for each unit as well as separate furnaces. Do not let this opportunity pass you! Maintenance free money making machine!!! 2 Sheds for storage. Serious Buyers: Please request recent, detailed interior photos.

Last Agent to Sell the Property

Lindsay Dunlop

Simply Sold Homes License #6501406759 Listed on: 03/04/2021

Last Buyer's Agent

Margaret Brannan

Real Estate Connection, Inc License #6501226598

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900 | Remodeled in 2017

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 103x127x101x129

Home Design

  • Triplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3 Full Bathrooms
  • 2,000 Sq Ft Home
  • 2-Story Property

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5336506175

Community Details

Overview

  • 3 Units
  • Original Plat Of Village Of Fentonville Subdivision

Pet Policy

  • Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,840

Year Built

Built in 1900 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1900
  • State Equalized Value: 82900.0000
  • Year Renovated: 2017
  • Pets Allowed: Cats OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Sq Ft Combined: 2000
  • Total Sq Ft: 2000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Vinyl, Wood
  • Foundation Materials: Block
  • Frontage Feet: 103
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Wall/Floor Furnace
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Fenton

Lot Info

  • List Price per Acre: 920000.0000
  • Lot Size Area: 0.25
  • Lot Dimensions: 103x127x101x129
  • Parcel Number: 5336506175
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Snow Removal, Yard Maintenance
  • Monthly Rental Income: 2025

Tax Info

  • Tax Amount Summer: 2850.0000
  • Tax Amount Winter: 990.0000
  • Total Tax: 3840.0000
  • Taxable Value: 72520.0000

Multi Family

  • Gross Scheduled Income: 24300.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Fenton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2021
Closed on
Jun 18, 2021
Sold by
Chowan Michael J and Chowan Michelle
Bought by
Salame Elizabeth and Cornell Charles
Seller's Agent
Lindsay Dunlop
Simply Sold Homes
Buyer's Agent
Margaret Brannan
Real Estate Connection, Inc
List Price
$230,000
Sold Price
$200,000
Premium/Discount to List
-$30,000
-13.04%
Current Estimated Value
$309,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,638
Avg. Annual Appreciation
8.37%
Original Mortgage
$178,703
Outstanding Balance
$163,892
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$116,164

Purchase Details

Closed on
Oct 24, 2018
Sold by
Chowan Michael
Bought by
Chowan Michael J and Chowan Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,758
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 2, 2017
Closed on
Jul 31, 2017
Sold by
Bird Tamara
Bought by
Chowan Michael
Seller's Agent
John Tremaine
Real Living Tremaine Real Estate.com
Buyer's Agent
John Tremaine
Real Living Tremaine Real Estate.com
List Price
$115,000
Sold Price
$75,000
Premium/Discount to List
-$40,000
-34.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.93%
Original Mortgage
$70,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 10, 2017
Sold by
Uiman Norman
Bought by
Bird Tamara
Source: Public Records

Range of Values:

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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
Salame Elizabeth $200,000 None Available
Chowan Michael J -- Liberty Title
Chowan Michael $75,000 Liberty Title
Bird Tamara $50,000 Liberty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salame Elizabeth $178,703
Previous Owner Chowan Michael J $150,176
Previous Owner Chowan Michael J $148,758
Previous Owner Chowan Michael J $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $200,000 -13.0% $100 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $230,000 +206.7% $115 / Sq Ft
08/28/2017 08/28/17 Sold $75,000 -6.3% $38 / Sq Ft
07/18/2017 07/18/17 Pending -- -- --
07/12/2017 07/12/17 Price Changed $80,000 -8.0% $40 / Sq Ft
07/05/2017 07/05/17 Price Changed $87,000 -5.4% $44 / Sq Ft
06/22/2017 06/22/17 Price Changed $92,000 -8.0% $46 / Sq Ft
06/08/2017 06/08/17 Price Changed $100,000 -13.0% $50 / Sq Ft
06/02/2017 06/02/17 For Sale $115,000 -- $58 / Sq Ft
Source: Realcomp

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 $3,752 $115,300 $0 $0
2023 $3,578 $112,400 $0 $0
2022 $4,172 $91,400 $0 $0
2021 $3,993 $84,800 $0 $0
2020 $2,914 $82,900 $0 $0
2019 $2,879 $74,600 $0 $0
2018 $3,983 $69,500 $0 $0
2017 $2,629 $69,600 $0 $0
2016 $3,801 $69,300 $0 $0
2015 $3,811 $56,200 $0 $0
2012 -- $40,900 $40,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210013066

Realcomp

APN: 53-36-506-175