NOT LISTED FOR SALE

2015 Chapin St Jackson, MI 49203

Poletown Neighborhood

Estimated Value: $68,477 - $127,000

5 Beds
3 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold October 31, 2014

Last sale price $29,500

Est. 193% increase in value since last sale

Current estimated payment $544/month

106 Days on Market

About This Home

As of October 2014

Great investment opportunity producing 35% CAP Rate. Return on Investment at approximately 36 months. A great buy for your first investment or to add to your portfolio. Two story brick building offering 3 units. Several updates including roof and more. Contact listing agent for your private tour of this home.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 06/30/2014

Last Buyer's Agent

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 06/30/2014

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • East Add No 5 Subdivision

Building Details

  • Operating Expense $11,760
  • Gross Income $22,200
  • Net Operating Income $38,082

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 29500.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6969.6

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 22200.0
  • Net Operating Income: 38082.0
  • Operating Expense: 11760.0

Tax Info

  • Tax Annual Amount: 876.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2019
Sold by
Jackson County Treasurer
Bought by
City Of Jackson
Current Estimated Value
$86,369

Purchase Details

Closed on
May 2, 2011
Sold by
Bac Home Loans Servicing L P
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 1, 2006
Sold by
Mckessy Cheryl Lynn
Bought by
Mckessy Chad and Mckessy Cheryl Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,320
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2006
Sold by
Nethercott Bruce A and Nethercott Sharon A
Bought by
Mckessy Cheryl Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,320
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
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
City Of Jackson -- None Available
Federal National Mortgage Association -- None Available
Mckessy Chad -- At
Mckessy Cheryl Lynn $82,900 At
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckessy Cheryl Lynn $66,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2014 10/31/14 Sold $29,500 -- --
Source: Southwestern Michigan Association of REALTORS®

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
2025 -- $0 $0 $0
2024 -- $0 $0 $0
2023 -- $0 $0 $0
2022 $0 $0 $0 $0
2021 -- $0 $0 $0
2020 $2,969 $0 $0 $0
2019 $1,181 $24,850 $0 $0
2018 $1,943 $25,100 $0 $0
2017 $1,240 $24,300 $0 $0
2016 $890 $21,400 $21,400 $0
2015 $819 $15,900 $15,900 $0
2014 $819 $13,200 $0 $0
2013 -- $13,200 $13,200 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Doug Beiswanger

    Coldwell Banker Beiswanger Realty Group

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21032634

Southwestern Michigan Association of REALTORS®

APN: 6-106500000

Michigan Jackson County Jackson 49203 Poletown

2015 Chapin St, Jackson, MI

This home is located at 2015 Chapin St, Jackson, MI 49203 since 30 June 2014 and is currently estimated at $86,369. This property was built in 1910. 2015 Chapin St is a home located in Jackson County with nearby schools including Middle School at Parkside, Jackson High School, and St. Mary Star of the Sea 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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