NOT LISTED FOR SALE

218 S Oak St Owosso, MI 48867

Estimated Value: $103,000 - $124,780

4 Beds
2 Baths
1,488 Sq Ft
$76/Sq Ft Est. Value

Last Sold June 22, 2022

Last sale price $79,900 $54 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $752/month

11 Days on Market

Highlights

  • Farmhouse Style Home
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of June 2022

This well-maintained duplex is a fantastic investment opportunity. One unit is currently occupied, and the main floor unit is vacant. Monthly rent is currently set at $1175. Tenants pay their own utilities except for water and trash, which average just over $100 per month combined. Even after subtracting the costs of water, trash, insurance, taxes, and maintenance this property has a return of investment over 12%. The owner has 3 other Owosso rental properties for sale. Call today for more info.

Last Agent to Sell the Property

Howie Ebenhoeh

Re/max TriCounty License #SBR-6501372204 Listed on: 05/23/2022

Re/max TriCounty

Co-Listed By

Nicole Devereaux

Re/max TriCounty License #SBR-6501433577

Last Buyer's Agent

Kayla Shaffer

Epique Realty License #6501436562

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 49.5 x 132

Parking

  • 2 Car Parking Spaces

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Oven or Range
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Flood Risk

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 05018000202000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,734

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Saginaw Board of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Farm House
  • Flood Plain: 100 Year
  • Total Tax Amount: 1734.4
  • Total Tax Year: 2020
  • Year Built: 1900
  • Mail City: Owosso
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Source of Sq Ft: Assessors Data

Exterior Features

  • Construction: Vinyl Siding
  • Frontage: 49
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Parking: 2 Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 05018000202000
  • Lot Dimensions: 49.5 x 132
  • Acreage: 0.15
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $819.44
  • Winter Tax: Year: 2020, Amount: $915.96
  • Total Tax: Year: 2020, Amount: $1,734.40

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Owosso Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2022
Closed on
Jun 22, 2022
Sold by
Donald F Moorman Living Trust
Bought by
Frakes Darren
Seller's Agent
Howie Ebenhoeh
Re/max TriCounty
Buyer's Agent
Kayla Shaffer
Epique Realty
List Price
$79,900
Sold Price
$79,900
Current Estimated Value
$113,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,795
Avg. Annual Appreciation
10.73%
Original Mortgage
$67,915
Outstanding Balance
$64,525
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$49,170
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frakes Darren $79,900 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frakes Darren $67,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2022 06/22/22 Sold $79,900 0.0% $54 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $79,900 0.0% $54 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $79,900 -- $54 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,851 $51,000 $0 $0
2024 $1,851 $47,200 $0 $0
2023 $1,164 $42,400 $0 $0
2022 $1,266 $35,500 $0 $0
2021 $1,703 $33,800 $0 $0
2020 $1,735 $32,200 $0 $0
2019 $1,704 $27,900 $0 $0
2018 -- $27,700 $0 $0
2017 -- $27,300 $0 $0
2016 -- $27,300 $0 $0
2015 -- $27,100 $0 $0
2014 -- $27,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50075426

Michigan Multiple Listing Service

APN: 050-180-002-020-00