NOT LISTED FOR SALE

206 Mill St Saranac, MI 48881

Estimated Value: $202,000 - $252,711

5 Beds
2 Baths
2,222 Sq Ft
$104/Sq Ft Est. Value

Last Sold May 24, 2016

Last sale price $87,000 $39 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $1,389/month

125 Days on Market

Highlights

  • Corner Lot: Yes
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2016

GREAT OPPORTUNITY! Rental unit with two units! Each side rents for $625.00 per month. Each pay their own electric and gas and have hook up for their own washer and dryer. Unit 1 is a 3 bedroom 1 bath. Hard Wood Floors on the Main Level. Unit 2 is a 2 bedroom 1 bath. Hard Wood Floors on the Main Level. Has a 1 stall garage space for each unit. PLUS there is a Sweet Front Porch to Enjoy!

Last Agent to Sell the Property

Ryan Hesche

Greenridge Realty (Saranac) License #6501376225 Listed on: 09/23/2015

Last Buyer's Agent

Ryan Hesche

Greenridge Realty (Lowell)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,916

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot: Yes

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Shingle Siding

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $525
  • Utility Expense $1,200
  • Operating Expense $1,725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,916

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82.5
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1916.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Roofing:Metal: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Crawl Space

Exterior Features

  • Construction Materials: Wood Siding, Shingle Siding
  • List Price: 89950.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Insurance Expense: 525.0
  • Number of Units Total: 2
  • Operating Expense: 1725.0

Tax Info

  • Tax Annual Amount: 1916.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2015
Closed on
May 25, 2016
Sold by
Debra Downs
Bought by
Miller Simon
Seller's Agent
Ryan Hesche
Greenridge Realty (Saranac)
Buyer's Agent
Ryan Hesche
Greenridge Realty (Saranac)
List Price
$109,900
Sold Price
$87,000
Premium/Discount to List
-$22,900
-20.84%
Current Estimated Value
$231,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,178
Avg. Annual Appreciation
11.08%
Original Mortgage
$89,871
Outstanding Balance
$71,744
Interest Rate
3.58%
Estimated Equity
$159,434

Purchase Details

Closed on
Dec 17, 2009
Sold by
Provonche Debra L
Bought by
Downs Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
4.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 1997
Bought by
Downs Debra L
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
Miller Simon -- --
Downs Debra L -- --
Downs Debra L $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Simon $89,871
Closed Miller Simon --
Previous Owner Downs Debra L $61,600
Previous Owner Downs Debra $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2016 05/24/16 Sold $87,000 -20.8% $39 / Sq Ft
01/26/2016 01/26/16 Pending -- -- --
09/23/2015 09/23/15 For Sale $109,900 -- $49 / Sq Ft
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 $1,673 $83,600 $15,300 $68,300
2024 $1,382 $83,600 $15,300 $68,300
2023 $1,318 $67,100 $11,700 $55,400
2022 $1,255 $67,100 $11,700 $55,400
2021 $2,168 $54,600 $8,800 $45,800
2020 $1,201 $54,600 $8,800 $45,800
2019 $795 $50,900 $8,200 $42,700
2018 $2,053 $46,400 $8,200 $38,200
2017 $1,151 $46,400 $8,200 $38,200
2016 $795 $37,200 $6,800 $30,400
2015 -- $37,200 $6,800 $30,400
2014 $910 $34,700 $6,800 $27,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15011909

Southwestern Michigan Association of REALTORS®

APN: 021-012-000-065-00