NOT LISTED FOR SALE

Estimated Value: $438,000 - $503,000

4 Beds
2 Baths
1,100 Sq Ft
$427/Sq Ft Est. Value

Last Sold December 21, 2022

Last sale price $360,000 $327 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,051/month

20 Days on Market

About This Home

As of December 2022

The perfect investment opportunity has arrived. 2 unit in the try-taylor area, looking for its new owner to turn this coal into the gem it will be. Perfect for owner occupants or investors. Book your appointment today. Priced to sell, quick closing possible!!

Last Agent to Sell the Property

Jose Martinez

RE/MAX Mi Casa License #471019209 Listed on: 10/27/2022

RE/MAX Mi Casa

Co-Listed By

Patricia Sandoval

RE/MAX Mi Casa License #475121200

Last Buyer's Agent

Laura Ruiz

Re/Max In The Village License #475198471

Re/Max In The Village

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,172

Year Built

  • Built in 1887

Lot Details

  • 2,483

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Radiator
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,172

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1887
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator(s)
  • Water Source: Lake Michigan, Public

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 2463
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 4172.33
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2022
Closed on
Dec 14, 2022
Sold by
Patterson Michael J
Bought by
Arastu Rizwan
Seller's Agent
Jose Martinez
RE/MAX Mi Casa
Buyer's Agent
Laura Ruiz
Re/Max In The Village
List Price
$369,900
Sold Price
$360,000
Premium/Discount to List
-$9,900
-2.68%
Views
11
Current Estimated Value
$469,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,543
Avg. Annual Appreciation
9.52%
Original Mortgage
$353,479
Outstanding Balance
$341,176
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$128,367

Purchase Details

Closed on
Jun 21, 2013
Sold by
Worlds Laura
Bought by
Patterson Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.06%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 6, 2013
Sold by
Worlds Laura D
Bought by
Patterson Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.06%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 10, 2004
Sold by
Patterson John and Patterson Michael
Bought by
John & Michael Patterson Trust
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
Arastu Rizwan $360,000 Proper Title
Patterson Michael J -- None Available
Patterson Michael J -- None Available
John & Michael Patterson Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arastu Rizwan $353,479
Previous Owner Patterson Michael J $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2022 12/21/22 Sold $360,000 -2.7% $327 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
10/27/2022 10/27/22 For Sale $369,900 -- $336 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,925 $35,230 $13,793 $21,437
2023 $5,746 $32,710 $11,084 $21,626
2022 $5,746 $34,001 $11,084 $22,917
2021 $4,043 $33,999 $11,083 $22,916
2020 $4,172 $26,623 $8,374 $18,249
2019 $4,160 $29,256 $8,374 $20,882
2018 $4,097 $29,256 $8,374 $20,882
2017 $4,387 $32,481 $7,389 $25,092
2016 $4,728 $32,481 $7,389 $25,092
2015 $4,477 $32,481 $7,389 $25,092
2014 $4,467 $29,365 $6,157 $23,208
2013 $4,863 $29,365 $6,157 $23,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11661368

Midwest Real Estate Data (MRED)

APN: 17-18-305-024-0000