NOT LISTED FOR SALE

23440 Prospect Ave Armada, MI 48005

Estimated Value: $276,000 - $322,000

4 Beds
2 Baths
2,100 Sq Ft
$141/Sq Ft Est. Value

Last Sold November 11, 2016

Last sale price $103,150 $49 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $1,697/month

22 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • 2 Car Detached Garage
  • Orville C. Krause Elementary School Rated A-
  • Fenced Yard
  • Forced Air Heating System

About This Home

As of November 2016

Tenant Occupied 24 HOUR NOTICE for showings. Each unit has 2 bedrooms 1 bath w/private entrance front & back. Private parking for each unit. Large yard w/fenced backyard detached garage in backyard (used for storage). Home has 2 new furnaces 2015, newer windows, roof & siding. Unit on west side renovated in 2014. Each unit rented for $675. tenants pay all utilites. ROI 12% per year. Please be courteous to tenants and drive by home before setting appointment.

Last Agent to Sell the Property

Bill Minor

Berkshire Hathaway HomeServices Kee Realty License #MISPE-6501243324 Listed on: 09/12/2016

Berkshire Hathaway HomeServices Kee Realty

Co-Listed By

Joyce McBride

Berkshire Hathaway HomeServices Kee Realty License #MISPE-6501343653

Last Buyer's Agent

Judy O'Donnell

Silverstone Real Estate, LLC License #RCO-6501220736

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 65x165
  • Fenced Yard

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Michigan Basement
  • Sump Pump
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 02-24-154-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Originating MLS: MI Real Source
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Total Tax Amount: 3560
  • Total Tax Year: 2015
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors, Sump Pump
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block, MI Basement
  • Bedrooms: 4
  • Bathroom Description: Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen, Formal Dining Room
  • Source of Sq Ft: Assessors Data

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Fenced Yard, Sidewalks
  • Frontage: 65
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2
  • Parking: 2 Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 02-24-154-017
  • Lot Dimensions: 65x165
  • Acreage: 0.28
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Long Term

Tax Info

  • Summer Tax: Year: 2015, Amount: $1,990.00
  • Winter Tax: Year: 2015, Amount: $930.00
  • Total Tax: Year: 2015, Amount: $3,560.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Armada Area Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2016
Closed on
Nov 11, 2016
Sold by
Cocco Bruno and Cocco Janet K
Bought by
Sutter Patricia J and Patricia J Sutter Revocable Li
Seller's Agent
Bill Minor
Berkshire Hathaway HomeServices Kee Realty
Buyer's Agent
Judy O'Donnell
Silverstone Real Estate, LLC
List Price
$104,900
Sold Price
$103,150
Premium/Discount to List
-$1,750
-1.67%
Current Estimated Value
$296,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,537
Avg. Annual Appreciation
12.17%

Purchase Details

Closed on
Nov 26, 2008
Sold by
Lang Todd J and Lang Jamie
Bought by
Cocco Bruno and Cocco Janet K

Purchase Details

Closed on
Oct 30, 2007
Sold by
Cocco Bruno and Cocco Janet K
Bought by
Lang Todd J and Lang Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,250
Interest Rate
6.13%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 9, 2004
Sold by
Blake Raymond and Blake Michael
Bought by
Cocco Bruno and Cocco Janet K
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
Sutter Patricia J $103,150 None Available
Cocco Bruno -- Sterling Title Agency
Lang Todd J $150,000 None Available
Cocco Bruno $140,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lang Todd J $148,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2016 11/11/16 Sold $103,150 -1.7% $49 / Sq Ft
10/04/2016 10/04/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $104,900 -- $50 / 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 $1,934 $119,300 $0 $0
2024 $19 $114,600 $0 $0
2023 $1,784 $103,800 $0 $0
2022 $2,915 $88,500 $0 $0
2021 $2,830 $83,600 $0 $0
2020 $2,469 $83,100 $0 $0
2019 $2,649 $69,800 $0 $0
2018 $2,004 $64,600 $0 $0
2017 $3,674 $57,600 $8,200 $49,400
2016 $2,911 $57,600 $0 $0
2015 -- $53,900 $0 $0
2011 -- $64,666 $9,035 $55,631
Source: Public Records

Agents Affiliated with this Home

  • Bill Minor

    Seller's Agent in 2016

    Bill Minor

    Berkshire Hathaway HomeServices Kee Realty

    (586) 530-1059

    69 Total Sales

    Bill Minor
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Joyce McBride

    Berkshire Hathaway HomeServices Kee Realty

    Section Image

  • J

    Buyer's Agent in 2016

    Judy O'Donnell

    Silverstone Real Estate, LLC

    (586) 322-3222

    11 Total Sales

    Judy O'Donnell
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31302707

Michigan Multiple Listing Service

APN: 25-02-24-154-017

Michigan Macomb County Armada 48005

23440 Prospect Ave, Armada, MI

Not Listed for Sale

MultiFamily

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