NOT LISTED FOR SALE

234 N Franklin St Centreville, MI 49032

Estimated Value: $231,963 - $262,000

3 Beds
3 Baths
-- Sq Ft
0.52 Acres

Last Sold May 04, 2018

Last sale price $155,000

Est. 62% increase in value since last sale

Current estimated payment $1,592/month

203 Days on Market

About This Home

As of May 2018

Large 3 unit apartment building with pole barn in Centreville! Units have been cared for and well maintained. Great income producing property with the potential to live in one and rent the others. There are 2 main floor, 1 bedroom units (one with garage) and a 2 bedroom upstairs. Sale also includes extra lot with 28x40 heated pole barn and 2 other outbuildings. Other properties available, owner will sell individually or as a package.

Last Agent to Sell the Property

Justin Rarick

Berkshire Hathaway HomeServices Michigan Real Estate License #6506043605 Listed on: 08/09/2017

Last Buyer's Agent

Justin Rarick

Five Star Real Estate License #6506043605

Five Star Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,599

Year Built

  • Built in 1950

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 190x175x65x85x125x90

Parking

  • 4 Parking Spaces

Home Design

  • Aluminum Siding

Basement

  • Partial Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,599

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 190x175x65x85x125x90
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2599.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 160000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Unit 3:Garage6: Yes

Utilities

  • Cooling: Window Unit(s), Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Electric, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected
  • Water Source: Public
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.52
  • Lot Size Area: 0.52
  • Lot Size Sq Ft: 22651.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2599.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2025
Sold by
Emel Holdings Llc
Bought by
Mpa Empire Llc
Current Estimated Value
$251,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Outstanding Balance
$183,224
Interest Rate
6.91%
Mortgage Type
Credit Line Revolving
Estimated Equity
$77,339

Purchase Details

Listed on
Aug 9, 2017
Closed on
May 4, 2018
Sold by
Miller Floyd A and Miller Joan W
Bought by
Gemetz Llc
Seller's Agent
Justin Rarick
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Justin Rarick
Five Star Real Estate
List Price
$175,000
Sold Price
$155,000
Premium/Discount to List
-$20,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$250,000
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2003
Sold by
Miller Floyd A and Miller Joan W
Bought by
Miller Floyd & Joan Trust
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
Mpa Empire Llc $230,000 None Listed On Document
Emel Holdings Llc $215,000 None Listed On Document
Gemetz Llc $125,000 None Available
Miller Floyd & Joan Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mpa Empire Llc $184,000
Previous Owner Gemetz Llc $250,000
Previous Owner Miller Floyd A $70,000
Previous Owner Miller Floyd A $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2018 05/04/18 Sold $155,000 -11.4% --
02/28/2018 02/28/18 Pending -- -- --
08/09/2017 08/09/17 For Sale $175,000 -- --
Source: Southwestern Michigan Association of REALTORS®

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 $3,179 $111,800 $0 $111,800
2024 $1,594 $107,300 $0 $107,300
2023 $655 $86,300 $7,000 $79,300
2022 $0 $70,500 $7,000 $63,500
2021 $0 $60,900 $6,700 $54,200
2020 $1,399 $59,200 $5,600 $53,600
2019 $3,457 $55,000 $5,000 $50,000
2018 $2,320 $54,500 $5,000 $49,500
2017 $2,261 $52,700 $52,700 $0
2016 -- $51,200 $51,200 $0
2015 -- $49,100 $0 $0
2014 -- $47,200 $47,200 $0
2012 -- $49,600 $49,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17040002

Southwestern Michigan Association of REALTORS®

APN: 042-040-004-00