NOT LISTED FOR SALE
7 Beds
4 Baths
1,533 Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: January 8, 2014

Last sale price $212,000 $138 Per Sq Ft

11 Days on Market

About This Home

As of January 2014

Excellent cash flow in this three unit brick building. Two units occupied; ground floor two bedroom is vacant and in move-in condition. Two car garage. Building needs some TLC, but rents easily. Property sold AS-IS.

Last Agent to Sell the Property

Mary O'Connor

@properties Christie's International Real Estate License #475147725 Listed on: 11/21/2013

@properties Christie's International Real Estate

Last Buyer's Agent

Phil Mistrata

Baird & Warner License #471001978

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,845

Year Built

  • Built in 1886

Lot Details

  • Lot Dimensions are 24 x 124

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,845

Year Built

Built in 1886

Lot Details

3,049 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1886
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 6000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 24 X 124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3845
  • Tax Year: 2011

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

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
Nov 21, 2013
Closed on
Jan 8, 2014
Sold by
Bought by
Seller's Agent
Mary O'Connor
@properties Christie's International Real Estate
Buyer's Agent
Phil Mistrata
Baird & Warner
List Price
$239,000
Sold Price
$212,000
Premium/Discount to List
-$27,000
-11.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
4.62%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 10, 2012
Closed on
Nov 30, 2012
Sold by
Bought by
Seller's Agent
Matthew Kline
Buyer's Agent
Matthew Kline
List Price
$239,000
Sold Price
$135,000
Premium/Discount to List
-$104,000
-43.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.17%

Purchase Details

Closed on
May 6, 2005
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
$296,800
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2001
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
$134,000
Interest Rate
6.62%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$212,000 First American
$135,000 None Available
$371,000 Ticor Title Insurance
-- --
$117,500 Ticor Title Insurance
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
Closed $169,600
Closed $296,800
Previous Owner $134,000
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 Prior Sale
01/08/2014 01/08/14 Sold $212,000 -11.3% $138 / Sq Ft
12/02/2013 12/02/13 Pending -- -- --
11/21/2013 11/21/13 For Sale $239,000 +77.0% $156 / Sq Ft
11/30/2012 11/30/12 Sold $135,000 -43.5% $88 / Sq Ft View Prior Sale
09/17/2012 09/17/12 Pending -- -- --
09/10/2012 09/10/12 For Sale $239,000 -- $156 / Sq Ft
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 $9,639 $50,000 $11,011 $38,989
2024 $9,639 $50,000 $11,011 $38,989
2023 $9,375 $49,000 $8,928 $40,072
2022 $9,375 $49,000 $8,928 $40,072
2021 $9,184 $49,000 $8,928 $40,072
2020 $3,534 $18,968 $6,993 $11,975
2019 $3,692 $21,803 $6,993 $14,810
2018 $3,628 $21,803 $6,993 $14,810
2017 $4,520 $24,370 $6,100 $18,270
2016 $4,381 $24,370 $6,100 $18,270
2015 $3,985 $24,370 $6,100 $18,270
2014 $3,703 $19,960 $5,356 $14,604
2013 $3,630 $19,960 $5,356 $14,604
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08492325

Midwest Real Estate Data (MRED)

APN: 17-19-308-010

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