NOT LISTED FOR SALE

223 Chestnut St Adrian, MI 49221

Estimated Value: $140,000 - $209,000

Studio
-- Bath
2,363 Sq Ft
$72/Sq Ft Est. Value

Last Sold July 20, 2012

Last sale price $5,000 $2 Per Sq Ft

Est. 3,285% increase in value since last sale

Current estimated payment $1,177/month

40 Days on Market

About This Home

As of July 2012

LOTS OF POTENTIAL FOR THIS MULTI-FAMILY UNIT HOME IN A GOOD LOCATION. THIS NEEDS TLC, MAJOR REPAIRS AND UPDATES NEEDED. GOOD POTENTIAL RENTAL INCOME ONCE FULLY OCCUPIED.

Last Agent to Sell the Property

Mitchell Ramsey

Irish Hills Realty License #LCAR-6502381786 Listed on: 05/11/2012

Last Buyer's Agent

Mitchell Ramsey

Irish Hills Realty License #LCAR-6502381786 Listed on: 05/11/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 78x141

Additional Features

  • 2-Story Property
  • Porch
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-250-3004-01

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2313.13
  • Total Tax Year: 2012
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Construction: Aluminum
  • Exterior Features: Porch
  • Frontage: 78
  • Roads: Paved Street

Utilities

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

Lot Info

  • Assessor Parcel Number: XA0-250-3004-01
  • Lot Dimensions: 78X141
  • Acreage: 0.25
  • Lot Description: Platted
  • Zoning: Multi-Family, Non-Conforming, Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Electric, Gas, Taxes, Trash Removal, Water/Sewer
  • Total Expenses: 3313

Tax Info

  • Summer Tax: Amount: $1,672.37
  • Winter Tax: Amount: $640.76
  • Total Tax: Year: 2012, Amount: $2,313.13

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2012
Closed on
Jul 20, 2012
Sold by
Duquesnel Melanie A
Bought by
Ballou Abigail S
Seller's Agent
Mitchell Ramsey
Irish Hills Realty
Buyer's Agent
Mitchell Ramsey
Irish Hills Realty
List Price
$19,995
Sold Price
$5,000
Premium/Discount to List
-$14,995
-74.99%
Current Estimated Value
$169,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,236
Avg. Annual Appreciation
29.73%

Purchase Details

Closed on
Sep 24, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Duquesnel Melanie A

Purchase Details

Closed on
Jun 12, 2007
Sold by
Mortgage Electronic Registration System
Bought by
Deutshce Bank National Trust Company and Bankers Trust

Purchase Details

Closed on
May 10, 2007
Sold by
Foore Welcome E
Bought by
Mortgage Electronic Registerial Systems
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
Ballou Abigail S $5,000 None Available
Duquesnel Melanie A $6,825 Best Homes Title Agency L Lc
Deutshce Bank National Trust Company -- None Available
Mortgage Electronic Registerial Systems $111,445 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2012 07/20/12 Sold $5,000 -75.0% $2 / Sq Ft
06/20/2012 06/20/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $19,995 -- $8 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,343 $66,100 $0 $0
2024 $27 $60,400 $0 $0
2023 $3,220 $54,300 $0 $0
2022 $4,208 $49,100 $0 $0
2021 $1,543 $44,700 $0 $0
2020 $2,895 $40,800 $0 $0
2019 $96,323 $36,100 $0 $0
2018 $2,554 $42,571 $0 $0
2017 $2,649 $35,842 $0 $0
2016 $2,434 $33,295 $0 $0
2014 -- $35,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mitchell Ramsey

    Irish Hills Realty

    (517) 403-5953

    1 in this area

    39 Total Sales

    Mitchell Ramsey
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Map

Source: Michigan Multiple Listing Service

MLS Number: 20092725

Michigan Multiple Listing Service

APN: XA0-250-3004-01

Michigan Lenawee County Adrian 49221

223 Chestnut St, Adrian, MI

Not Listed for Sale

MultiFamily

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