NOT LISTED FOR SALE

Estimated Value: $623,639

7 Beds
4 Baths
-- Sq Ft
0.39 Acres

Last Sold July 31, 2020

Last sale price $437,000

Est. 43% increase in value since last sale

Current estimated payment $4,564/month

7 Days on Market

Highlights

  • Property is near a park
  • Baseboard Heating
  • Paved or Partially Paved Lot
  • Eagle Pointe Elementary School Rated A-
  • Heating System Uses Steam

About This Home

As of July 2020

EXCEPTIONAL FULLY LEASED CENTRAL PLAINFIELD MONEY MAKER HAS BEEN COMPLETELY UPDATED INSIDE & OUT,TENANTS PAY ALL UNIT ELECTRIC,NEW TILT IN WINDOWS 2016,NEW SHOWER SURROUNDS 2017 & 2020,NEW BATH FLOORS-SHOWER SURROUNDS-VANITIES-TOILETS 2017 & 2020,NEW ATTIC INSULATION 2019,NEW ARCHITECTURAL GRADE SHINGLE ROOF-SOFFIT-FACIA-GUTTERS & DOWNSPOUTS 2015,NEW KITCHEN COUNTER TOPS & SINKS 2017 & 2020,ALL NEW FRIGIDAIRE A/C WALL SLEEVE UNITS 2012,NEW COIN OP WASHER/DRYER 2011,NEWER EXTERIOR SPIGOTS,UPDATED ELECTRIC BREAKER PANELS,CLOSE TO KELLY NEIGHBORHOOD PARK,TUCKED FAR BACK FROM ROUTE 59 FOR A MORE QUIET QUALITY ENVIRONMENT,EXCELLENT CAP RATE

Last Listed By

Kenneth Thomson

Century 21 Circle License #475109316 Listed on: 06/16/2020

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,258

Year Built

  • Built in 1976 | Remodeled in 2020

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 80x140
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Location

  • Property is near a park

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Lake Michigan Water
  • Cable TV Available

Community Details

Overview

  • 4 Units
  • 4 Flat

Building Details

  • Electric Expense $300
  • Fuel Expense $1,500
  • Insurance Expense $2,172
  • Trash Expense $648
  • Water Sewer Expense $2,000
  • Gross Income $45,300
  • Net Operating Income $35,742

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,258

Year Built

Built in 1976 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: TV-Cable, CO Detectors
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • ExteriorFeatures: Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 437000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Baseboard
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 648
  • Water Sewer Expenses: 2000
  • Other Expenses $: 0
  • Trash Expense Year: 2019

Schools

  • Middle/Junior School District: 202

Lot Info

  • Lot Size Acres: 0.39
  • Lot Dimensions: 80X140
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Heat,Other

Multi Family

  • Net Operating Income: 35742
  • Fuel Expense: 1500
  • Insurance Expense: 2172
  • ElectricExpense: 300
  • GrossIncome: 45300
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9258
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Jul 23, 2020
Sold by
Korach Amber L
Bought by
Mjc Capital & Holdings Llc
Seller's Agent
Kenneth Thomson
Century 21 Circle
Buyer's Agent
Julie Brown
Baird & Warner
List Price
$437,000
Sold Price
$437,000
Total Days on Market
7
Current Estimated Value
$623,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,639
Avg. Annual Appreciation
7.76%

Range of Values:

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Average Value
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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
Mjc Capital & Holdings Llc $437,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Korach Amber L $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $437,000 0.0% --
06/23/2020 06/23/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $437,000 0.0% --
06/18/2020 06/18/20 Off Market $437,000 -- --
06/16/2020 06/16/20 For Sale $437,000 -- --
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
2023 $13,283 $168,950 $14,000 $154,950
2022 $8,848 $109,000 $14,000 $95,000
2021 $8,974 $109,000 $14,000 $95,000
2020 $9,119 $109,000 $14,000 $95,000
2019 $9,258 $109,000 $14,000 $95,000
2018 $8,321 $95,994 $14,000 $81,994
2017 $8,030 $90,560 $14,000 $76,560
2016 $8,238 $90,560 $14,000 $76,560
2015 $8,679 $90,560 $14,000 $76,560
2014 $8,679 $90,560 $14,000 $76,560
2013 $8,679 $90,560 $14,000 $76,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10749215

Midwest Real Estate Data (MRED)

APN: 06-03-04-407-013