NOT LISTED FOR SALE

201 N State St Caro, MI 48723

Estimated Value: $114,902

3 Beds
6 Baths
5,900 Sq Ft
$19/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $110,000 $19 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $829/month

52 Days on Market

Highlights

  • Forced Air Heating System
  • Walk-Up Access
  • 4-minute walk to Caro Recreation Department

About This Home

As of July 2023

Great opportunity in need of Renovation on this Mixed use Property with 2 Multi Family units on the upper floor and 4 Commercial units on the Lower

Last Agent to Sell the Property

William Sey

EXP Realty Main License #6501297545 Listed on: 05/15/2023

EXP Realty Main

Last Buyer's Agent

William Sey

EXP Realty Main License #RCO-6501297545

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation

Interior Spaces

  • 5,900 Sq Ft Home
  • 2-Story Property

Partially Finished Basement

  • Walk-Up Access
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Back Up Electric Heat Pump System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 050500117090000

Community Details

Overview

  • 6 Units
  • Original Plat Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$832

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1920
  • State Equalized Value: 23600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.40
  • Full Bathrooms: 2
  • Half Bathrooms: 4
  • Basement: Yes
  • Basement Type: Partially Finished, Walk-Up Access
  • Sq Ft Combined: 5900
  • Total Sq Ft: 5900
  • Sq Ft Total Bsmt: 1500

Exterior Features

  • Foundation Details: Crawl, Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar, Stone
  • Frontage Feet: 24
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Electric
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Caro

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: Irregular
  • Parcel Number: 050500117090000
  • Zoning: Commercial, Multi-Family, Multiple

Rental Info

  • Deposit Amount: 50000.00
  • Monthly Rental Income: 5000

Tax Info

  • Tax Amount Summer: 351.0000
  • Tax Amount Winter: 481.0000
  • Total Tax: 832.0000
  • Taxable Value: 13332.0000

Multi Family

  • Number Of Units Total: 6
  • Number of Efficiency Units: 4
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Caro

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Jul 13, 2023
Sold by
Sey William B
Bought by
G H Moore Property Llc
Seller's Agent
William Sey
EXP Realty Main
Buyer's Agent
William Sey
EXP Realty LLC
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%
Total Days on Market
52
Views
18
Current Estimated Value
$114,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,902
Avg. Annual Appreciation
2.32%
Original Mortgage
$85,854
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2006
Sold by
Satori Corp
Bought by
201 State Street Llc
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
G H Moore Property Llc -- None Listed On Document
201 State Street Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open G H Moore Property Llc $111,499
Closed G H Moore Property Llc $85,854
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $110,000 -12.0% $19 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $125,000 -- $21 / 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 $2,238 $36,000 $0 $0
2023 $874 $21,900 $0 $0
2022 $833 $23,600 $0 $0
2021 $806 $16,800 $0 $0
2020 $795 $17,600 $0 $0
2019 $780 $15,200 $0 $0
2018 $763 $12,200 $0 $0
2017 $763 $12,200 $0 $0
2016 $1,188 $19,400 $0 $0
2015 $6 $25,000 $0 $0
2014 $6 $30,300 $0 $0
2013 $8 $35,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230037162

Realcomp

APN: 050-500-117-0900-00