NOT LISTED FOR SALE

Estimated Value: $226,000 - $384,000

2 Beds
4 Baths
-- Sq Ft
2,178 Sq Ft Lot Lot

Sale Details

Date Sold: July 31, 2015

Last sale price $140,000

Est. 100% increase in value since last sale

Current estimated payment $1,812 / mo

100 Days on Market

About This Home

As of July 2015

Beautiful, 6 station hair salon with 2/1 bdrm apartments that more than cover the mthly expenses. Longtime tenants are m to m and pay own utilities. Salon has 3 sinks, 2 bth rms, break room, office, etc. Owner is selling building; salon equipment is negotiable.

Last Agent to Sell the Property

Regina Washington

Matchmaker Property Solutions,LLC License #471010412 Listed on: 02/04/2015

Last Buyer's Agent

Vincent Lance

Compass License #475160949

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,699

Year Built

  • Built in 1963

Lot Details

  • 2,178 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units
  • Park Manor Subdivision

Building Details

  • Gross Income $1,100
  • Net Operating Income $551

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,699

Year Built

Built in 1963

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: PARK MANOR
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 2
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Street Lights, Street Paved

Fee Information

  • Other Expenses $: 548.7

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.05
  • Lot Dimensions: 2500
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: No

Multi Family

  • Net Operating Income: 551.2
  • GrossIncome: 1100
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,Other

Tax Info

  • Tax Annual Amount: 3698.78
  • Tax Year: 2013
  • Tax Exemptions: Other

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2015
Closed on
Jul 23, 2015
Sold by
Bought by
Seller's Agent
Regina Washington
Matchmaker Property Solutions,LLC
Buyer's Agent
Vincent Lance
Compass
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$279,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,847
Avg. Annual Appreciation
6.60%

Purchase Details

Closed on
Apr 15, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.17%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$140,000 Attorney
$65,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $77,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/31/2015 07/31/15 Sold $140,000 -6.6% --
05/15/2015 05/15/15 Pending -- -- --
02/04/2015 02/04/15 For Sale $149,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,921 $18,700 $1,875 $16,825
2024 $3,921 $18,700 $1,875 $16,825
2023 $3,792 $15,000 $2,500 $12,500
2022 $3,792 $15,000 $2,500 $12,500
2021 $3,735 $15,000 $2,500 $12,500
2020 $3,438 $12,755 $2,000 $10,755
2019 $3,516 $14,495 $2,000 $12,495
2018 $3,470 $14,495 $2,000 $12,495
2017 $4,948 $22,687 $1,750 $20,937
2016 $4,832 $22,687 $1,750 $20,937
2015 $4,444 $22,687 $1,750 $20,937
2014 $3,787 $19,424 $1,500 $17,924
2013 $3,699 $19,424 $1,500 $17,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08830686

Midwest Real Estate Data (MRED)

APN: 20-27-321-031-0000

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