NOT LISTED FOR SALE

213 State St Bay City, MI 48706

Estimated Value: $70,000 - $87,000

3 Beds
2 Baths
1,114 Sq Ft
$72/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $35,000 $31 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $549/month

76 Days on Market

Highlights

  • Cape Cod Architecture
  • Shed
  • Forced Air Heating System

About This Home

As of July 2014

Fantastic investment opportunity to be your own boss! You could even buy and live in one and use the other as a rental....opportunities are endless! This low maintenance 2 unit home has been renovated inside and out. It has a newer roof (stripped to boards), vinyl siding, updated vinyl windows, both furnaces updated, water heaters, plumbing, as well as flooring and bathrooms! The lower unit has an enclosed porch, as well as a full basement with washer/dryer and wash tub. City certified!

Last Agent to Sell the Property

Rob Short

Bay Area Real Estate License #BCRA Listed on: 04/03/2014

Last Buyer's Agent

Ray Spitler

Keller Williams Preferred License #BCRA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,563

Year Built

  • Built in 1913

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Basement

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

Utilities

  • Forced Air Heating System
  • Internet Available

Additional Features

  • 2-Story Property
  • Shed

Community Details

  • 5 Units
  • Net Operating Income $9,900

Listing and Financial Details

  • Assessor Parcel Number 160-020-230-015-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,563

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Originating MLS: Bay County REALTOR Association
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Cape Cod
  • Sub Structure Types: Shed
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Basement: Yes
  • Basement Type: Block, Full
  • Estimated Sq Ft: 1114

Exterior Features

  • Construction: Vinyl Siding
  • Frontage: 50
  • Roads: Curbed
  • Frontage Type: Road

Utilities

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

Lot Info

  • Assessor Parcel Number: 160-020-230-015-00
  • Lot Dimensions: 50 X 100
  • Acreage: 0.11
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Total Expenses: 1113

Tax Info

  • Summer Tax: Year: 2013, Amount: $921.00
  • Winter Tax: Year: 2013, Amount: $192.00
  • Taxable Value: 17700
  • SEV Year: 2013

Multi Family

  • Total Units: 5

MLS Schools

  • School District: Bay City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2014
Closed on
Jul 1, 2014
Sold by
Lynch James G
Bought by
Shelbee Michigan Llc
Seller's Agent
Rob Short
Bay Area Real Estate
Buyer's Agent
Ray Spitler
Keller Williams Preferred
List Price
$34,900
Sold Price
$35,000
Premium/Discount to List
$100
0.29%
Current Estimated Value
$76,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,538
Avg. Annual Appreciation
7.79%

Purchase Details

Closed on
Jun 17, 2010
Sold by
Lynch Michael W
Bought by
Lynch James G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
4.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2009
Sold by
Demo Donald Clay and Demo Tina Marie
Bought by
Bank Of America National Associations

Purchase Details

Closed on
Jan 14, 2006
Sold by
Jones Michael Jason and Jones Deborah Ann
Bought by
Demo Donald Clay and Demo Tina Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,750
Interest Rate
2.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 11, 1998
Sold by
Cosens Gerald C and Cosens Suzanne H
Bought by
Jones Michael J and Deborah Ann
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
Shelbee Michigan Llc $34,000 First American Title Ins Co
Lynch James G -- None Available
Bank Of America National Associations $65,330 None Available
Demo Donald Clay $61,098 None Available
Jones Michael J $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lynch James G $10,000
Previous Owner Lynch Michael W $10,000
Previous Owner Demo Donald Clay $54,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2014 07/01/14 Sold $35,000 +0.3% $31 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
04/03/2014 04/03/14 For Sale $34,900 -- $31 / Sq Ft
Source: Bay County Realtor® Association MLS

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 $1,563 $30,650 $0 $0
2024 $1,137 $25,750 $0 $0
2023 $1,082 $24,200 $0 $0
2022 $1,943 $21,950 $0 $0
2021 $1,374 $20,400 $20,400 $0
2020 $1,421 $17,950 $17,950 $0
2019 $1,399 $17,100 $0 $0
2018 $1,131 $16,800 $0 $0
2017 $1,221 $16,600 $0 $0
2016 $1,187 $17,500 $0 $17,500
2015 $1,129 $16,650 $0 $16,650
2014 $1,129 $19,550 $0 $19,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay County Realtor® Association MLS

MLS Number: 2140525

Bay County Realtor® Association MLS

APN: 09-160-020-230-015-00