NOT LISTED FOR SALE

205 Higgins St Lapeer, MI 48446

Estimated Value: $170,000

3 Beds
2 Baths
1,517 Sq Ft
$112/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $143,500 $95 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,097/month

21 Days on Market

Highlights

  • Deck
  • Ceiling Fan
  • Private Entrance
  • Forced Air Heating System
  • Garage
  • 3-minute walk to Veterans Memorial Park Lapeer Michigan

About This Home

As of September 2018

Great rental unit in downtown Lapeer. Convenient location. 2 units, main floor and an upper unit. Main floor has living room, dining room, kitchen, bath and 2 bedrooms. And has use of basement with laundry hookups, fenced yard and 2 car garage. Upper unit has private entrance, living room, kitchen with eating space, bath, one bedroom and laundry hookups, street parking. These units are all updated and in excellent condition. City inspections completed and approved. Sellers disclosure and survey online. Tenants pay gas, electric, and there own cable.

Last Agent to Sell the Property

Linda Lee Ambrose

Real Estate One Gardner & Assoc License #6501086127 Listed on: 07/11/2018

Real Estate One Gardner & Assoc

Last Buyer's Agent

Sherry Moore

State Wide Real Estate License #RCO-6501362056

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1898 | Remodeled in 2006

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Private Entrance
  • Fenced

Home Design

  • Duplex
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,517 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • Garage
  • On-Street Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number L203030004010
  • $3,500 Seller Concession

Community Details

Overview

  • 2 Units
  • City Of Lapeer R Original Plat Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,439

Year Built

Built in 1898 | Remodeled in 2006

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1898
  • Year Renovated: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Laundry Facility, Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1517
  • Total Sq Ft: 1517
  • Sq Ft Total Bsmt: 960

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Wood
  • Exterior Features: Private Entry, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 50
  • Porch Type: Deck
  • Road Frontage Type: Paved
  • Sideof Street: W

Garage/Parking

  • MF Parking: Garages, On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Lapeer

Lot Info

  • List Price per Acre: 852352.9400
  • Lot Size Area: 0.17
  • Lot Dimensions: 50 X 150
  • Parcel Number: L203030004010
  • Encroachment: Yes
  • Zone Conform: Yes
  • Zoning: Multiple

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1375

Tax Info

  • Tax Amount Summer: 602.0000
  • Tax Amount Winter: 837.0000
  • Total Tax: 1439.0000

Multi Family

  • Gross Scheduled Income: 16500.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 1

MLS Schools

  • School District: Lapeer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2018
Closed on
Sep 14, 2018
Sold by
Jlk Enterprises Llc
Bought by
Smith James
Seller's Agent
Linda Lee Ambrose
Real Estate One Gardner & Assoc
Buyer's Agent
Sherry Moore
State Wide Real Estate
List Price
$144,900
Sold Price
$143,500
Premium/Discount to List
-$1,400
-0.97%
Current Estimated Value
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,500
Original Mortgage
$140,900
Outstanding Balance
$125,353
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 2001
Sold by
Coleman Donald and Coleman Patricia
Bought by
Herr Joeseph E and Herr Lisa L
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
Smith James $143,500 Cislo Title Company
Herr Joeseph E $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith James $140,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $143,500 -1.0% $95 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $144,900 -- $96 / 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 $0 $0 $0 $0
2021 -- $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $808 $44,500 $44,500 $0
2017 $1,439 $40,300 $0 $0
2016 -- $35,200 $35,200 $0
2015 -- $0 $0 $0
2014 -- $29,700 $29,700 $0
2013 -- $29,200 $29,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218064488

Realcomp

APN: L20-30-300-040-00