$55,000
SOLD JUN 28, 2016
6 Beds
2 Baths
1,971 Sq Ft
0.3 Acres

Recently Sold

$28 Per Sq Ft

24% Below List Price

113 Days on Market

About This Home

As of June 2016

GREAT OPPORTUNITY FOR INVESTOR.BUILDING IS CURRENTLY SET UP AS A DUPLEX. ADDRESS IS 2116 AND 2118 WITHY FULL BASEMENTS AND HUGE LOT, RUNS GIDEON TO GABRIEL. EACH UNIT IS 3 BEROOMS AND 1 BATH. UNIT 2118 IS VACANT AND UNIT 2116 IS RENTED. HARDWOOD FLOORS AND FULL BASEMENTS IN EACH. PROPERTY ID BANK OWNED AND BEING SOLD ' AS IS' NO SURVEY OR INSPECTIONS. BUYER RESPONSABLE FOR ALL INSPECTIONS AND CITY IF REQUIRED. TAXES PRORATED AT 100%. BUYER RESPONSABLE FOR TRANSFER STAMPS EXCEPT STATE AND COUNTY. MUST USE BANK CONTRACT ATTACHED

Last Agent to Sell the Property

Douglas Martin

Coldwell Banker Real Estate Group License #475136491 Listed on: 11/02/2015

Co-Listed By

Judith Archer

RE/MAX Ultimate Professionals License #471002546

Last Buyer's Agent

Chris Cybul

Realty Management Solutions LLC License #471019470

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 75x175

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units
  • Zion City Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Subdivision Name: ZION CITY
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 72000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Middle/Junior School District: 6

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 75X175
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6358.54
  • Tax Year: 2014

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2015
Closed on
Jul 4, 2016
Sold by
Realty Sales Plus Llc
Bought by
County Rentals Llc
Seller's Agent
Douglas Martin
Coldwell Banker Real Estate Group
Buyer's Agent
Chris Cybul
Realty Management Solutions LLC
List Price
$72,000
Sold Price
$55,000
Premium/Discount to List
-$17,000
-23.61%
Current Estimated Value
$269,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,565
Avg. Annual Appreciation
18.65%

Purchase Details

Listed on
Nov 2, 2015
Closed on
Jun 23, 2016
Sold by
Synergy Property Holdings Llc
Bought by
Realty Sales Plus Llc
Seller's Agent
Douglas Martin
Coldwell Banker Real Estate Group
Buyer's Agent
Chris Cybul
Realty Management Solutions LLC
List Price
$72,000
Sold Price
$55,000
Premium/Discount to List
-$17,000
-23.61%

Purchase Details

Closed on
Jul 13, 2015
Sold by
Ballenger Clarence E
Bought by
Synergy Property Holdings Llc

Purchase Details

Closed on
Jan 5, 1996
Sold by
Khayat Christian M and Khayat Twyla Dawn Mary
Bought by
Ballenger Clarence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.36%
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 Type Sale Price Title Company
Quit Claim Deed -- Attorney
Special Warranty Deed $55,000 Attorney
Sheriffs Deed -- None Available
Warranty Deed $130,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $2,200,000 Construction
Previous Owner $104,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2016 09/06/16 Rented $1,200 -5.9% --
08/23/2016 08/23/16 Under Contract -- -- --
07/14/2016 07/14/16 For Rent $1,275 0.0% --
06/28/2016 06/28/16 Sold $55,000 -23.6% $28 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $72,000 0.0% $37 / Sq Ft
11/06/2015 11/06/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $72,000 -- $37 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2024 $9,457 $76,727 $8,954 $67,773
2023 $8,582 $68,408 $7,983 $60,425
2022 $8,582 $60,039 $6,600 $53,439
2021 $8,885 $56,321 $6,191 $50,130
2020 $8,713 $52,973 $5,823 $47,150
2019 $8,427 $49,346 $5,424 $43,922
2018 $6,674 $37,820 $5,769 $32,051
2017 $6,698 $35,084 $5,352 $29,732
2016 $6,359 $31,848 $4,858 $26,990
2015 $6,200 $28,898 $4,408 $24,490
2014 $6,669 $29,985 $4,077 $25,908
2012 $7,997 $34,185 $4,343 $29,842
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09077592

Midwest Real Estate Data (MRED)

APN: 04-21-107-013