NOT LISTED FOR SALE

2034 John R Rd Troy, MI 48083

Estimated Value: $597,167

10 Beds
7 Baths
4,576 Sq Ft
$130/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $425,000 $93 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,924/month

294 Days on Market

About This Home

As of October 2019

Here’s the investment opportunity you’ve been searching for! If you’ve been thinking about purchasing a rental property, this is a fantastic place to start. If you’re already a landlord, this building is a rare opportunity to expand your portfolio at an incredible price point. Containing four (4) 1BR/1BA apartments plus three (3) 2BR/1BA apartments, you’ll have seven income-bearing units under one roof (which makes maintaining your investment that much simpler). Each unit has baseboard heating; boilers were both replaced in the last two years. All appliances stay! Property is right in the middle of all Troy has to offer - groceries, medical care, shopping and entertainment. This opportunity will not last long!

Last Agent to Sell the Property

Dale Baker

M1 Realty, Inc License #6501391867 Listed on: 11/26/2018

Last Buyer's Agent

Dale Baker

M1 Realty, Inc License #RCO-6501391867

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1955

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 125.00x93.00

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • 7 Full Bathrooms
  • 4,576 Sq Ft Home
  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 7 Units
  • Sussex Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2025303049

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,068

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 3 Story
  • Year Built: 1955
  • State Equalized Value: 93020.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Sq Ft Combined: 4576
  • Total Sq Ft: 4576

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Warren Con

Lot Info

  • List Price per Acre: 1685185.1852
  • Lot Size Area: 0.27
  • Lot Dimensions: 125.00X93.00
  • Parcel Number: 2025303049
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 4920

Tax Info

  • Tax Amount Summer: 2962.0000
  • Tax Amount Winter: 106.0000
  • Total Tax: 3068.0000
  • Taxable Value: 61810.0000

Multi Family

  • Gross Scheduled Income: 59040.00
  • Number Of Units Total: 7
  • Unit Count: 7
  • Number of One Bedroom Units: 4
  • Number of Two Bedroom Units: 3
  • Number Of Units Leased: 7

MLS Schools

  • School District: Warren Con

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Oct 25, 2019
Sold by
John R 7 Llc
Bought by
Coburn Robert
Seller's Agent
Dale Baker
M1 Realty, Inc
Buyer's Agent
Dale Baker
M1 Realty, Inc
List Price
$455,000
Sold Price
$425,000
Premium/Discount to List
-$30,000
-6.59%
Current Estimated Value
$597,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,167

Purchase Details

Closed on
Jan 16, 2018
Sold by
Square Deal Holdings Llc
Bought by
John R 7 Llc

Purchase Details

Closed on
Jun 17, 2010
Sold by
Bunner Hiltraut R
Bought by
Boehms Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2008
Sold by
Boehms Paul and Boehms Jyl
Bought by
P & J Apartments 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
Coburn Robert $435,000 None Available
John R 7 Llc $54,000 None Available
John R 7 Llc $375,000 Ata National Title Group Llc
Boehms Paul $202,000 Mortgage Center Title Llc
P & J Apartments Llc -- None Available
P & J Apartments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner John R 7 Llc $220,000
Previous Owner P & J Apartments Llc $200,000
Previous Owner P & J Apartments Llc $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $425,000 -6.6% $93 / Sq Ft
09/16/2019 09/16/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $455,000 0.0% $99 / Sq Ft
04/24/2019 04/24/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $455,000 0.0% $99 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $455,000 0.0% $99 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $455,000 0.0% $99 / Sq Ft
12/31/2018 12/31/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $455,000 -- $99 / 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
2022 $5,694 $167,440 $0 $0
2015 $5,356 $62,850 $0 $0
2014 -- $58,890 $0 $0
2011 -- $69,130 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Dale Baker

    M1 Realty, Inc

    (734) 334-6119

    12 Total Sales

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Map

Source: Realcomp

MLS Number: 218113152

Realcomp

APN: 20-25-303-049

Michigan Oakland County Troy 48083

2034 John R Rd, Troy, MI

This home is located at 2034 John R Rd, Troy, MI 48083 since 26 November 2018 and is currently priced at $597,167, approximately $130 per square foot. This property was built in 1955. 2034 John R Rd is a home located in Oakland County with nearby schools including Susick Elementary School, Grissom Middle School, and Sterling Heights Senior H.S..

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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