NOT LISTED FOR SALE

23 UNITS Meadowview Apts Fowlerville Vlg, MI 48836

Estimated Value: $2,055,000

46 Beds
34 Baths
23,000 Sq Ft
$89/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $1,150,000 $50 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $13,484/month

25 Days on Market

Highlights

  • Patio
  • Forced Air Heating System
  • Garage

About This Home

As of February 2017

23 unit low maintenance income property in an ideal location in the growing community of Fowlerville. 6 duplexes, three 4 plex townhome buildings and one single family townhome unit. This complex would be ideal for conversion to condominiums. Also there is an area to build additional units. Located on a quiet street with easy access to both downtown Fowlerville and I-96. All maintenance free exteriors on all of the units. Good rental history, rent rolls available for review upon authorizing of a confidentiality agreement by the prospective purchaser. Confidentiality agreement uploaded on realcomp. 10 year seller financing available with $250,000 down. The numbers make sense!

Last Agent to Sell the Property

Daniel Callan

RE/MAX Platinum-Hartland License #6502357281 Listed on: 10/24/2016

RE/MAX Platinum-Hartland

Co-Listed By

John Luke

RE/MAX Platinum-Hartland License #6501229646

RE/MAX Platinum-Hartland

Last Buyer's Agent

John Luke

RE/MAX Platinum-Hartland License #6501229646

RE/MAX Platinum-Hartland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1990

Parking

  • Garage

Home Design

  • 23,000 Sq Ft Home
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

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

Additional Features

  • Property fronts a private road

Community Details

  • 23 Units
  • Assr's Plat No 4 Vill Of Fowlerville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0515201053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,848

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 23.11
  • Full Bathrooms: 23
  • Half Bathrooms: 11
  • Sq Ft Combined: 23000
  • Total Sq Ft: 23000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Porch Type: Patio
  • Road Frontage Type: Paved, Private

Garage/Parking

  • MF Parking: Garages

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Fowlerville

Lot Info

  • List Price per Acre: 255555.5556
  • Lot Dimensions: IRREGULAR
  • Parcel Number: 0515201053
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 200000.00
  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 13754

Tax Info

  • Tax Amount Summer: 17546.0000
  • Tax Amount Winter: 5302.0000
  • Total Tax: 22848.0000

Multi Family

  • Gross Scheduled Income: 165058.00
  • Number Of Units Total: 23
  • Number of Two Bedroom Units: 23
  • Number Of Units Leased: 22

MLS Schools

  • School District: Fowlerville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2016
Closed on
Feb 24, 2017
Sold by
Grondin Investments Llc
Bought by
Meadowview Holdings Llc
Seller's Agent
Daniel Callan
RE/MAX Platinum-Hartland
Buyer's Agent
John Luke
RE/MAX Platinum-Hartland
List Price
$1,150,000
Sold Price
$1,150,000
Current Estimated Value
$2,055,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$905,000
Avg. Annual Appreciation
6.95%
Original Mortgage
$920,000
Outstanding Balance
$763,337
Interest Rate
4.19%
Mortgage Type
Commercial
Estimated Equity
$1,291,663

Purchase Details

Closed on
Jun 30, 2009
Sold by
Donald Clarence Hillier Revocable Trus
Bought by
Grodin Investments Llc
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Meadowview Holdings Llc $1,150,000 Select Title Company
Grodin Investments Llc $835,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meadowview Holdings Llc $920,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2017 02/24/17 Sold $1,150,000 0.0% $50 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
10/24/2016 10/24/16 For Sale $1,150,000 -- $50 / 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
2025 $31,071 $1,022,969 $0 $0
2024 $40,575 $997,776 $0 $0
2023 $26,349 $944,923 $0 $0
2022 $33,303 $863,168 $0 $0
2021 $25,716 $607,360 $0 $0
2020 $16,723 $615,090 $0 $0
2019 $33,347 $612,580 $0 $0
2018 $32,503 $417,830 $0 $0
2017 $23,210 $417,830 $0 $0
2016 $22,966 $409,790 $0 $0
2014 $22,851 $385,670 $0 $0
2012 $22,851 $370,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Callan

    Seller's Agent in 2017

    Daniel Callan

    RE/MAX Michigan

    (810) 531-4473

    2 in this area

    209 Total Sales

    Daniel Callan
    Section Image
  • John Luke

    Seller Co-Listing Agent in 2017

    John Luke

    RE/MAX Michigan

    (810) 691-2142

    50 Total Sales

    John Luke
    Section Image
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Map

Source: Realcomp

MLS Number: 216102881

Realcomp

APN: 05-15-201-053

Michigan Livingston County Fowlerville 48836

23 UNITS Meadowview Apts, Fowlerville, MI

This home is located at 23 UNITS Meadowview Apts, Fowlerville Vlg, MI 48836 since 24 October 2016 and is currently estimated at $2,055,000, approximately $89 per square foot. This property was built in 1990. 23 UNITS Meadowview Apts is a home located in Livingston County with nearby schools including H.T. Smith Elementary School, Natalie Kreeger Elementary School, and Fowlerville Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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