NOT LISTED FOR SALE

228 S Winter St Adrian, MI 49221

Estimated Value: $105,000 - $118,000

2 Beds
2 Baths
1,424 Sq Ft
$79/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $85,000 $60 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $868/month

Highlights

  • Porch
  • Forced Air Heating and Cooling System
  • 3-minute walk to Fee Park
  • Bungalow
  • Wood Siding

About This Home

As of February 2022

*1 unit on main level and 1 on upper level. Each unit has 1 bedroom and 1 bath. TENANT pays for all utilities except water and trash. Both units have a high occupancy rate. Rent rates are below average market rates. Totally rehabbed the entire building in 2005, including electrical, plumbing, insulation , drywall, storm windows, painting, carpeting, air conditioning, new furnace and more. We also purchased new appliances in the last 5 years. Total investment at the was $65,000+-  Downstairs apartment includes basement space with laundry hookups. Upstairs apartment is soon to be vacant, for owner occupied options.

Last Agent to Sell the Property

Chuck Davis

Xsell Realty License #LCAR-6501260741 Listed on: 05/21/2021

Last Buyer's Agent

Khrystopher Gould

Howard Hanna Real Estate Services-Adrian License #LCAR-6501418062

Howard Hanna Real Estate Services-Adrian

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1903

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 47x77

Parking

  • 3 Car Parking Spaces

Home Design

  • Bungalow
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Block Basement Construction
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Units
  • Assrs 2 Adrian City Subdivision

Listing and Financial Details

  • Assessor Parcel Number XA0-210-1003-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,761

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Bungalow
  • Total Tax Amount: 1761
  • Year Built: 1903
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 2
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Estimated
  • Estimated Sq Ft: 1424

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Frontage: 47
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-210-1003-01
  • Location: Main Street
  • Lot Dimensions: 47x77
  • Acreage: 0.08
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,291.00
  • Winter Tax: Year: 2020, Amount: $470.00
  • Taxable Value: 31700
  • Total Tax: Amount: $1,761.00
  • SEV Year: 2021

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $85,000 -15.0% $60 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
01/18/2022 01/18/22 Price Changed $100,000 -13.0% $70 / Sq Ft
11/09/2021 11/09/21 Price Changed $115,000 -8.0% $81 / Sq Ft
05/21/2021 05/21/21 For Sale $125,000 -- $88 / 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 $3,266 $42,600 $0 $0
2024 $2,200 $38,100 $0 $0
2023 $2,604 $35,500 $0 $0
2022 $1,805 $33,700 $0 $0
2021 $1,772 $31,700 $0 $0
2020 $1,760 $31,700 $0 $0
2019 $80,166 $27,000 $0 $0
2018 $1,749 $32,615 $0 $0
2017 $1,700 $28,153 $0 $0
2016 $1,686 $28,687 $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: 50042605

Michigan Multiple Listing Service

APN: XA0-210-1003-01