NOT LISTED FOR SALE

225 3rd St Fenton, MI 48430

Estimated Value: $315,000 - $446,000

4 Beds
2 Baths
1,800 Sq Ft
$202/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $345,000 $192 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,421/month

21 Days on Market

Highlights

  • Deck
  • Awning
  • Laundry Facilities
  • Fenton Senior High School Rated 9+
  • Forced Air Heating and Cooling System
  • Dogs and Cats Allowed

About This Home

As of October 2023

Welcome to this fantastic duplex investment property! This property offers a unique opportunity for investors looking to maximize their returns.

This well-maintained fully furnished duplex features two separate units, each with its own entrance, ensuring privacy for tenants. Both units have 2 bedrooms and 1 full bathroom.

Both units have been recently updated with modern finishes and amenities, including a wraparound deck with Trex Composite decking and a covered awning, stainless steel appliances, lifeproof flooring, and professional landscaping.

Located in a highly desirable neighborhood, this duplex is within walking distance to downtown Fenton where you’ll find parks, shopping & a number of great restaurants! Fenton is known for its strong rental demand, making this property an excellent investment opportunity.

With its attractive features, prime location, and potential for rental income, this duplex investment property is a must-see for savvy investors. Don't miss out on this incredible opportunity to add a profitable asset to your portfolio. Schedule a showing today!

Last Agent to Sell the Property

Joshua Lee

Real Estate For A CAUSE License #6501344395 Listed on: 08/11/2023

Last Buyer's Agent

Gabrielle Letts

Coldwell Banker Professionals License #RCO-6501408836

Coldwell Banker Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60.00 x 120.00

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 2 Full Bathrooms
  • 1,800 Sq Ft Home
  • 2-Story Property
  • Awning
  • Unfinished Basement

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5325551063
  • $10,350 Seller Concession

Community Details

Overview

  • 2 Units
  • Booth And Miles Northern Add Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,928

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1940
  • State Equalized Value: 77200.0000
  • Pets Allowed: Cats OK, Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1800
  • Total Sq Ft: 1800
  • Sq Ft Total Bsmt: 900

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Block/Concrete/Masonry
  • Exterior Features: Awning/Overhang(s)
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Porch Type: Deck
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Fenton

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 60.00 x 120.00
  • Parcel Number: 5325551063
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 5000

Tax Info

  • Tax Amount Summer: 3813.0000
  • Tax Amount Winter: 1115.0000
  • Total Tax: 4928.0000
  • Taxable Value: 77200.0000

Multi Family

  • Gross Scheduled Income: 60000.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Fenton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Dec 7, 2023
Sold by
Suttle Melissa S
Bought by
Third East Llc
Seller's Agent
Joshua Lee
Real Estate For A CAUSE
Buyer's Agent
Gabrielle Letts
Coldwell Banker Professionals
List Price
$385,000
Sold Price
$345,000
Premium/Discount to List
-$40,000
-10.39%
Views
55
Current Estimated Value
$363,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,997
Avg. Annual Appreciation
2.83%
Original Mortgage
$338,751
Interest Rate
7.12%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 19, 2023
Sold by
Wendling Allan
Bought by
Suttle Melissa
Seller's Agent
Joshua Lee
Real Estate For A CAUSE
Buyer's Agent
Gabrielle Letts
Coldwell Banker Professionals
List Price
$385,000
Sold Price
$345,000
Premium/Discount to List
-$40,000
-10.39%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,751
Interest Rate
7.12%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 14, 2021
Closed on
Apr 28, 2021
Sold by
The Phillips Revocable Trust
Bought by
Wendling Allan
Seller's Agent
Kelly Smith
Smith Street
Buyer's Agent
Joshua Lee
Real Estate For A CAUSE
List Price
$182,900
Sold Price
$170,000
Premium/Discount to List
-$12,900
-7.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.03%

Purchase Details

Closed on
Jun 19, 2009
Sold by
Phillips Ardel and Phillips Janice
Bought by
Phillips Ardel P and Ardel Phillips Revocable Trust

Purchase Details

Closed on
Oct 8, 2002
Sold by
Brant Judith K
Bought by
Phillips Ardel and Phillips Janice
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
Third East Llc -- None Listed On Document
Suttle Melissa $345,000 None Listed On Document
Suttle Melissa $345,000 None Listed On Document
Wendling Allan $170,000 Sargents Title Company Llc
Phillips Ardel P -- None Available
Phillips Ardel $122,500 Guaranty Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Suttle Melissa $338,751
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2023 10/19/23 Sold $345,000 -3.9% $192 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/22/2023 08/22/23 Price Changed $359,000 -6.8% $199 / Sq Ft
08/11/2023 08/11/23 For Sale $385,000 +126.5% $214 / Sq Ft
04/28/2021 04/28/21 Sold $170,000 0.0% $94 / Sq Ft
04/28/2021 04/28/21 Sold $170,000 -7.1% $94 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/16/2021 04/16/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $182,900 0.0% $102 / Sq Ft
04/12/2021 04/12/21 Price Changed $182,900 0.0% $102 / Sq Ft
04/12/2021 04/12/21 For Sale $182,900 +7.6% $102 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
11/16/2020 11/16/20 Off Market $170,000 -- --
10/20/2020 10/20/20 Price Changed $178,900 -2.2% $99 / Sq Ft
10/14/2020 10/14/20 For Sale $182,900 0.0% $102 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $182,900 -- $102 / Sq Ft
Source: Realcomp

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
2024 $5,992 $121,700 $0 $0
2023 $3,994 $89,300 $0 $0
2022 $4,927 $77,200 $0 $0
2021 $2,347 $75,700 $0 $0
2020 $1,775 $67,200 $0 $0
2019 $1,752 $64,600 $0 $0
2018 $2,231 $51,600 $0 $0
2017 $2,159 $48,400 $0 $0
2016 $2,143 $46,200 $0 $0
2015 $2,173 $40,400 $0 $0
2012 -- $34,800 $34,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230067488

Realcomp

APN: 53-25-551-063