NOT LISTED FOR SALE

203/207 N Low Unit 207 Gwinn, MI 49841

Estimated Value: $133,000 - $149,495

4 Beds
2 Baths
2,251 Sq Ft
$63/Sq Ft Est. Value

Last Sold July 18, 2024

Last sale price $145,000 $64 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $771/month

34 Days on Market

Highlights

  • 1 Car Detached Garage
  • Living Room
  • Shed
  • Walk-In Closet
  • Community Playground
  • Forced Air Heating System

About This Home

As of July 2024

Discover the perfect blend of comfort, convenience, and investment potential with this well maintained duplex located just outside of Gwinn in Austin. Each unit within this duplex features 2 bedrooms, a spacious living room, a dining room, kitchens and convenient first-floor full baths with main-level laundry facilities. If you're seeking an investment property or a comfortable living arrangement with rental income to offset your mortgage, this one has potential. All the windows have been updated, each unit has separate utilities and the building sits on a large lot backing up to the woods. There are separate block basements for extra storage with privacy. The 2 units do have separate TAX IDs leaving you options of selling half if you need! Currently, one side of the duplex is vacant, providing the perfect opportunity for an owner-occupant to live in one half while renting out the other, or for an investor to rent out both units for maximum returns. With one side soon to be vacant, you have the freedom to choose your own rent and tenant, ensuring a seamless transition into ownership. Don't miss out on this rare opportunity to own a well-maintained duplex in Gwinn! Schedule a viewing today and unlock the potential of this versatile property! Offer deadline to be June 19th at 3:00pm.

Last Agent to Sell the Property

Tracy Henriksen

RE/MAX 1ST REALTY License #UPAR Listed on: 06/11/2024

RE/MAX 1ST REALTY

Last Buyer's Agent

Adam Karki

RE/MAX 1ST REALTY License #UPAR

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1911

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 100x150
  • Street terminates at a dead end

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Vinyl Siding
  • Vinyl Trim

Interior Spaces

  • 2-Story Property
  • Living Room
  • Basement
  • Block Basement Construction
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Shed
  • Breezeway

Schools

  • Gilbert/Ki Elementary School
  • Gwinn Middle School
  • Gwinn High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 52-05-465-004-00

Community Details

Overview

  • 2 Units
  • Austin Subdivision

Recreation

  • Community Playground

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Conventional Frame
  • Sub Structure Types: Shed, Garage(s)
  • Flood Insurance: Not Required
  • Total Tax Amount: 2025
  • Total Tax Year: 2023
  • Year Built: 1911
  • Mail City: Gwinn
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Walk-In Closet
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Sub Room Description: Breezeway, First Floor Laundry, Living Room
  • Source of Sq Ft: Cubicasa
  • Estimated Sq Ft: 2251

Exterior Features

  • Construction: Vinyl Siding, Vinyl Trim
  • Frontage: 100
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Electric
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public At Street

Condo/Co-op/Association

  • Community Amenities: Playground

Schools

  • Elementary School: Gilbert/KI
  • Middle School: Gwinn
  • High School: Gwinn

Lot Info

  • Assessor Parcel Number: 52-05-465-004-00
  • Location: Dead End
  • Lot Dimensions: 100x150
  • Section: 2665
  • Acreage: 0.18
  • Lot Description: Deep Lot - 150+ Ft., Large Lot - 65+ Ft.
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $734.00
  • Winter Tax: Year: 2023, Amount: $1,291.00
  • Total Tax: Year: 2023, Amount: $2,025.00
  • SEV Year: 2023

Multi Family

  • Total Units: 2

MLS Schools

  • Elementary School: Gilbert/KI
  • Middle School: Gwinn
  • School District: Gwinn Area Community Schools
  • HighSchool: Gwinn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Jul 18, 2024
Sold by
Setter Tori
Bought by
Takalo Rentals Llc
Seller's Agent
Tracy Henriksen
RE/MAX 1ST REALTY
Buyer's Agent
Adam Karki
RE/MAX 1ST REALTY
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%
Views
42
Current Estimated Value
$140,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,219
Avg. Annual Appreciation
-2.26%
Original Mortgage
$116,413
Outstanding Balance
$115,219
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$26,279

Purchase Details

Closed on
Dec 19, 2022
Sold by
Armatti Troy V
Bought by
Setter Tori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,500
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2000
Bought by
Armatti Troy
Source: Public Records

Range of Values:

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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
Takalo Rentals Llc $145,000 Transnation Title Agency
Setter Tori $60,000 --
Armatti Troy $2,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Takalo Rentals Llc $116,413
Previous Owner Setter Tori $53,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2024 07/18/24 Sold $145,000 -3.3% $64 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $149,900 -- $67 / Sq Ft
Source: Upper Peninsula 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 $4 $29,500 $0 $0
2024 $4 $28,200 $0 $0
2023 $358 $23,700 $0 $0
2022 $677 $14,800 $0 $0
2021 $558 $17,000 $0 $0
2020 $550 $14,800 $0 $0
2019 $526 $16,500 $0 $0
2018 $513 $13,300 $0 $0
2017 $486 $10,550 $0 $0
2016 $483 $10,350 $0 $0
2015 -- $10,350 $0 $0
2014 -- $10,500 $0 $0
2012 -- $11,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50145153

Upper Peninsula Association of REALTORS®

APN: 52-05-465-004-00