NOT LISTED FOR SALE

205 S Locust St Adrian, MI 49221

Estimated Value: $157,000 - $213,355

7 Beds
6 Baths
3,800 Sq Ft
$50/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $175,000 $46 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,442/month

Highlights

  • Victorian Architecture
  • Ceiling height of 9 feet or more
  • High-Rise Condominium
  • Corner Lot
  • Forced Air Heating System
  • 2-minute walk to Monument Park

About This Home

As of May 2024

6 unit apartment building.

Last Agent to Sell the Property

Zackery Bock

Front Street Realty License #LCAR-6502379630 Listed on: 05/01/2024

Last Buyer's Agent

Zackery Bock

Front Street Realty License #LCAR-6502379630 Listed on: 05/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 79x120
  • Corner Lot

Home Design

  • Victorian Architecture

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 6 Units
  • High-Rise Condominium
  • Eastern Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number XA0-515-0164-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,103

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Hi-Rise, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Victorian
  • Total Tax Amount: 4103
  • Total Tax Year: 2023
  • Year Built: 1900
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 9 Ft + Ceilings
  • Basement: Yes
  • Basement Type: Block, Full, Brick
  • Bedrooms: 7
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 3800

Exterior Features

  • Frontage: 79
  • Foundation Type: Basement
  • Roads: City/County

Utilities

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

Lot Info

  • Assessor Parcel Number: XA0-515-0164-01
  • Location: Corner Lot
  • Lot Dimensions: 79x120
  • Acreage: 0.18
  • Lot Description: Platted
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,985.00
  • Winter Tax: Year: 2023, Amount: $1,118.00
  • Taxable Value: 80000
  • Total Tax: Year: 2023, Amount: $4,103.00
  • SEV Year: 2023

Multi Family

  • Total Units: 6

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2010
Sold by
1B Property Holiding Llc
Bought by
Sherman John C
Current Estimated Value
$188,785

Purchase Details

Closed on
Sep 17, 2010
Sold by
Bayview Loan Servicing Llc
Bought by
Ib Property Holdings Llc

Purchase Details

Closed on
Sep 25, 2008
Sold by
T K M Properties Llc
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Jan 6, 2006
Sold by
Hulshof Albert J and Hulshof Vivian J
Bought by
T K M Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Interest Rate
6.46%
Mortgage Type
Unknown
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
Sherman John C $28,000 Parks Title
Ib Property Holdings Llc -- Parks Title
Bayview Loan Servicing Llc $119,000 None Available
T K M Properties Llc $185,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner T K M Properties Llc $22,000
Previous Owner T K M Properties Llc $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $175,000 0.0% $46 / Sq Ft
05/01/2024 05/01/24 For Sale $175,000 -- $46 / Sq Ft
Source: Michigan Multiple Listing Service

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 $5,294 $104,300 $0 $0
2024 $3,123 $113,000 $0 $0
2023 $4,060 $106,200 $0 $0
2022 $3,903 $82,800 $0 $0
2021 $3,834 $80,000 $0 $0
2020 $4,053 $64,900 $0 $0
2019 $173,752 $65,000 $0 $0
2018 $3,673 $57,556 $0 $0
2017 $3,568 $62,421 $0 $0
2016 $3,539 $58,942 $0 $0
2014 -- $57,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50142492

Michigan Multiple Listing Service

APN: XA0-515-0164-01