NOT LISTED FOR SALE

237 N Madison Ave Bay City, MI 48708

Estimated Value: $137,000 - $164,000

7 Beds
4 Baths
2,430 Sq Ft
$61/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $100,000 $41 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,069/month

11 Days on Market

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • 4-minute walk to Birney Park

About This Home

As of July 2021

4 unit income property. 3 - 2 bedroom units, 1 -1 bedroom unit. Tenants pay own electric and gas, owner pays water/sewer. Potential to raise rents. Good overall rental history. Call today for more information.

Last Agent to Sell the Property

Coty Lewis

NextHome Greater Tri-cities License #SBR-6502432123 Listed on: 06/10/2021

NextHome Greater Tri-cities

Last Buyer's Agent

Non Member

Non Member Office License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,152

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100x100

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Oven or Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 09-160-028-208-023-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,152

Lot Details

0

Listing Details

  • Originating MLS: Saginaw Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Mail City: Bay City
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Assessors Data

Exterior Features

  • Construction: Aluminum
  • Foundation Type: Basement
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 09-160-028-208-023-00
  • Lot Dimensions: 100x100
  • Acreage: 0.23
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,946.83
  • Winter Tax: Year: 2020, Amount: $204.84

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Bay City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 27, 2021
Sold by
Turley Aaron C
Bought by
Jw Renolding Llc
Seller's Agent
Coty Lewis
NextHome Greater Tri-cities
Buyer's Agent
Non Member
Non Member Office
List Price
$96,900
Sold Price
$100,000
Premium/Discount to List
$3,100
3.2%
Current Estimated Value
$148,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,333
Avg. Annual Appreciation
9.56%
Original Mortgage
$70,000
Outstanding Balance
$63,475
Interest Rate
3%
Mortgage Type
Construction
Estimated Equity
$84,858

Purchase Details

Listed on
Aug 25, 2018
Closed on
Oct 25, 2018
Sold by
Jason Ostyn
Bought by
Turley Aaron C
Seller's Agent
Gary Thompson
Century 21 Signature Realty Midland
Buyer's Agent
Non Member
Midland Board of REALTORS
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%
Original Mortgage
$56,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 13, 2013
Closed on
Apr 30, 2014
Sold by
Charbonneau R G R and Charbonneau Marilyn
Bought by
Ostyn Jason
Seller's Agent
Nancy Glaza
Top Producers, Inc.
Buyer's Agent
Agent Non-Member
Non-Member Office
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$50,000
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1989
Sold by
Stark Dorothy M
Bought by
Charbonneau Charbonneau R and Charbonneau Marilyn
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
Jw Renolding Llc $100,000 Homeland Title Services Llc
Turley Aaron C $75,000 Crossroads Title
Ostyn Jason $75,000 Crossroads Title
Charbonneau Charbonneau R $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jw Renolding Llc $70,000
Previous Owner Turley Aaron C $56,250
Previous Owner Ostyn Jason $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2021 07/27/21 Sold $100,000 +3.2% $41 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $96,900 +29.2% $40 / Sq Ft
10/18/2018 10/18/18 Sold $75,000 -6.1% $22 / Sq Ft View Prior Sale
08/30/2018 08/30/18 Pending -- -- --
08/25/2018 08/25/18 For Sale $79,900 +6.5% $23 / Sq Ft
04/30/2014 04/30/14 Sold $75,000 -6.1% $31 / Sq Ft View Prior Sale
04/13/2014 04/13/14 Pending -- -- --
12/13/2013 12/13/13 For Sale $79,900 -- $33 / 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 $3,441 $70,400 $0 $0
2024 $3,006 $56,300 $0 $0
2023 $3,037 $52,900 $0 $0
2022 $3,076 $47,750 $0 $0
2021 $2,066 $37,900 $4,400 $33,500
2020 $2,152 $33,300 $4,400 $28,900
2019 $2,112 $31,700 $0 $0
2018 $2,367 $30,600 $0 $0
2017 $3,018 $30,300 $0 $0
2016 $2,291 $31,550 $4,400 $27,150
2015 $2,887 $32,200 $4,400 $27,800
2014 $2,887 $47,200 $0 $47,200
Source: Public Records

Agents Affiliated with this Home

  • Coty Lewis

    Seller's Agent in 2021

    Coty Lewis

    NextHome Greater Tri-cities

    (989) 239-7545

    12 in this area

    339 Total Sales

    Coty Lewis
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

  • G

    Seller's Agent in 2018

    Gary Thompson

    Century 21 Signature Realty Midland

    Section Image

  • N

    Seller's Agent in 2014

    Nancy Glaza

    Top Producers, Inc.

    Section Image

  • A

    Buyer's Agent in 2014

    Agent Non-Member

    Non-Member Office

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50044594

Michigan Multiple Listing Service

APN: 09-160-028-208-023-00

Michigan Bay County Bay City 48708

237 N Madison Ave, Bay City, MI

Not Listed for Sale

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