NOT LISTED FOR SALE

223 Park St Adrian, MI 49221

Estimated Value: $155,000 - $194,000

3 Beds
2 Baths
2,050 Sq Ft
$87/Sq Ft Est. Value

Last Sold May 06, 2014

Last sale price $28,000 $14 Per Sq Ft

Est. 535% increase in value since last sale

Current estimated payment $1,144/month

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • 5-minute walk to West Park

About This Home

As of October 2017

HAVE YOU BEEN CONSIDERING DIVERSIFYING YOUR PORTFOLIO OR LOOKING TO START YOUR REAL ESTATE INVESTMENT INCOME PROPERTY!! HERE IS YOUR OPPORTUNITY TO START OR ADD A 3 UNIT MULTI-FAMILY.

Last Agent to Rent the Property

Tom Bliesner

Milestone Realty License #LCAR-6501389149 Listed on: 07/11/2017

Last Renter's Agent

Tom Bliesner

Milestone Realty License #LCAR-6501389149 Listed on: 07/11/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 84x132

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 3 Units
  • Net Operating Income $16,800

Listing and Financial Details

  • Assessor Parcel Number XA0-305-3011-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Rental Info

  • Lease: Yes
  • Lease Information: Month-To-Month

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2173.25
  • Total Tax Year: 2016
  • Year Built: 1890
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 3
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Frontage: 84
  • Foundation Type: Basement

Utilities

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

Lot Info

  • Assessor Parcel Number: XA0-305-3011-00
  • Lot Dimensions: 84X132
  • Acreage: 0.25
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2016, Amount: $1,566.59
  • Winter Tax: Year: 2016, Amount: $606.66
  • Total Tax: Year: 2016, Amount: $2,173.25

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2020
Sold by
Robotham Stephanie
Bought by
Robotham Stephanie L and Robotham Jeremy R
Current Estimated Value
$177,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,123
Outstanding Balance
$63,260
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$114,663

Purchase Details

Closed on
Oct 19, 2020
Sold by
A & B Property Llc
Bought by
Robotham Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,123
Outstanding Balance
$63,260
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$114,663

Purchase Details

Listed on
Feb 7, 2014
Closed on
Apr 30, 2014
Sold by
Fannie Mae
Bought by
A & B Property Llc
Seller's Agent
Mark Goedert
Goedert Real Estate - Adr
Buyer's Agent
Jeff Rising
Cornerstone Real Estate
List Price
$34,000
Sold Price
$28,000
Premium/Discount to List
-$6,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.07%

Purchase Details

Closed on
Feb 22, 2013
Sold by
First Federal Bank Of The Midwest
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Feb 21, 2013
Sold by
Suydam Michael J and Suydam Debra A
Bought by
First Federal Bank Of The Midwest
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
Robotham Stephanie L -- None Available
Robotham Stephanie $70,000 None Available
A & B Property Llc $28,000 Attorneys Title Agency Llc
Fannie Mae -- None Available
First Federal Bank Of The Midwest $71,221 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robotham Stephanie $71,123
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2017 10/05/17 Rented $70,000 -13.6% --
09/03/2017 09/03/17 Under Contract -- -- --
08/18/2017 08/18/17 For Rent $81,000 0.0% --
08/08/2017 08/08/17 Off Market $81,000 -- --
07/11/2017 07/11/17 For Rent $81,000 0.0% --
05/06/2014 05/06/14 Sold $28,000 -17.6% $13 / Sq Ft View Prior Sale
04/06/2014 04/06/14 Pending -- -- --
02/07/2014 02/07/14 For Sale $34,000 -- $16 / 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 $2,624 $80,300 $0 $0
2024 $22 $74,100 $0 $0
2023 $2,520 $67,400 $0 $0
2022 $4,259 $62,000 $0 $0
2021 $2,151 $56,300 $0 $0
2020 $2,143 $51,200 $0 $0
2019 $1,725 $48,900 $0 $0
2018 $2,072 $59,295 $0 $0
2017 $2,191 $44,474 $0 $0
2016 $2,173 $40,864 $0 $0
2014 -- $36,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Bliesner

    Landlord's Agent in 2017

    Tom Bliesner

    Milestone Realty

    (269) 910-4551

    12 in this area

    134 Total Sales

    Tom Bliesner
    Section Image
  • Mark Goedert

    Seller's Agent in 2014

    Mark Goedert

    Goedert Real Estate - Adr

    (517) 403-0053

    38 in this area

    209 Total Sales

    Mark Goedert
    Section Image

  • J

    Buyer's Agent in 2014

    Jeff Rising

    Cornerstone Real Estate

    Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 31325091

Michigan Multiple Listing Service

APN: XA0-305-3011-00

Michigan Lenawee County Adrian 49221

223 Park St, Adrian, MI

Not Listed for Sale

MultiFamily

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