NOT LISTED FOR SALE

241 N Madison Ave Bay City, MI 48708

Estimated Value: $103,000 - $138,782

6 Beds
3 Baths
2,660 Sq Ft
$46/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $56,000 $21 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $807/month

24 Days on Market

About This Home

As of October 2019

Nicely updated money maker! This 3 unit rental property is close to downtown, and offers 3 fully rented apartments. Unit 1 is spacious 3 bed main level apartment renting for $800/mo. Unit 2 provides 2 bedrooms and rents for $600/mo. Unit 3 is an efficiency apartment and rents for $400/mo. Owner pays utilities.

Last Agent to Sell the Property

The Ryan Valdera Erica Roseberry Team

Berkshire Hathaway HomeServices, Bay City License #BCRA Listed on: 07/22/2019

Berkshire Hathaway HomeServices, Bay City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 160-028-208-022-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,938

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Bay County REALTOR Association
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1605
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Construction: Vinyl Siding
  • Frontage: 50
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 160-028-208-022-00
  • Lot Dimensions: 50x100
  • Acreage: 0.11
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2018, Amount: $1,157.00
  • Winter Tax: Year: 2018, Amount: $448.00
  • Total Tax: Amount: $1,605.00

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Bay City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Nolan Rentals Llc
Bought by
Higgins R & R Llc
Current Estimated Value
$122,446

Purchase Details

Closed on
Mar 27, 2023
Sold by
Future Homestead Llc
Bought by
Nolan Rentals Llc

Purchase Details

Closed on
Jul 25, 2022
Sold by
Future Homestead Llc
Bought by
Nolan Rentals Llc

Purchase Details

Listed on
Jul 22, 2019
Closed on
Dec 13, 2019
Sold by
Nolan Benjamin
Bought by
Future Homestead Llc
Seller's Agent
The Ryan Valdera Erica Roseberry Team
Berkshire Hathaway HomeServices, Bay City
List Price
$69,900
Sold Price
$56,000
Premium/Discount to List
-$13,900
-19.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.68%

Purchase Details

Listed on
Jul 22, 2019
Closed on
Sep 5, 2019
Sold by
Schollard Robert Justin
Bought by
Nolan Benjamin
Seller's Agent
The Ryan Valdera Erica Roseberry Team
Berkshire Hathaway HomeServices, Bay City
List Price
$69,900
Sold Price
$56,000
Premium/Discount to List
-$13,900
-19.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2016
Closed on
Mar 2, 2017
Sold by
Mihm Frank and Mihm Sharon
Bought by
Schollard Robert Justin
Seller's Agent
David Starke
Pinnacle Realty
Buyer's Agent
Ryan Valderas
Berkshire Hathaway Home services Bay City
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.57%
Original Mortgage
$45,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2009
Sold by
Coons Deborah J and Galle Louis M
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
May 12, 2005
Sold by
Czerney Jason and Czerney Jennifer
Bought by
Coons Deborah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,800
Interest Rate
6.13%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 25, 2002
Sold by
Smith Lowell D and Smith Lesa E
Bought by
Behrmann Jennifer

Purchase Details

Closed on
Nov 15, 1999
Sold by
Dauer Randy and Dauer Vicki
Bought by
Smith Lowell D and Smith Lesa E
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
Higgins R & R Llc -- None Listed On Document
Nolan Rentals Llc -- None Listed On Document
Nolan Rentals Llc -- None Listed On Document
Future Homestead Llc -- None Available
Nolan Benjamin $56,000 None Available
Schollard Robert Justin $60,000 Diversified National Title
Aurora Loan Services Llc $59,800 None Available
Aurora Loan Services Llc $56,353 None Available
Coons Deborah J $92,000 Fatic
Behrmann Jennifer $76,900 --
Smith Lowell D $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nolan Benjamin $50,400
Previous Owner Schollard Robert Justin $45,000
Previous Owner Coons Deborah J $59,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2019 10/18/19 Sold $56,000 -19.9% $21 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
07/22/2019 07/22/19 For Sale $69,900 +16.5% $26 / Sq Ft
02/23/2017 02/23/17 Sold $60,000 -14.2% $23 / Sq Ft View Prior Sale
01/23/2017 01/23/17 Pending -- -- --
07/10/2016 07/10/16 For Sale $69,900 -- $26 / Sq Ft
Source: Bay County Realtor® Association MLS

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 $1,938 $37,150 $0 $0
2024 $1,390 $30,650 $0 $0
2023 $1,323 $28,800 $0 $0
2022 $1,782 $26,000 $0 $0
2021 $1,362 $24,200 $24,200 $0
2020 $1,419 $21,300 $21,300 $0
2019 $1,279 $19,500 $0 $0
2018 $1,607 $18,750 $0 $0
2017 $1,155 $18,550 $0 $0
2016 $1,278 $19,300 $0 $19,300
2015 $1,116 $19,400 $0 $19,400
2014 $1,116 $19,300 $0 $19,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    David Starke

    Pinnacle Realty

  • R

    Buyer's Agent in 2017

    Ryan Valderas

    Berkshire Hathaway Home services Bay City

See All Agents

Map

Source: Bay County Realtor® Association MLS

MLS Number: 31388248

Bay County Realtor® Association MLS

APN: 09-160-028-208-022-00

Michigan Bay County Bay City 48708

241 N Madison Ave, Bay City, MI

Not Listed for Sale

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