NOT LISTED FOR SALE

246 S Johnson St Merrill, MI 48637

Estimated Value: $345,629

15 Beds
8 Baths
2,000 Sq Ft
$173/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $240,000 $120 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,007/month

6 Days on Market

About This Home

As of December 2020

This One Comes With a Wheel Barrow, for the $$$ You'll Make ~ Over $3,500 in Monthly Income ~ 8-Units, Fully Renovated, Strong Rental History, Rent Rolls Available with Accepted Offer

Last Agent to Sell the Property

Joe Harris

EXP Realty License #SBR-6501247820 Listed on: 09/14/2020

EXP Realty

Last Buyer's Agent

Joe Karpuk

RE/MAX New Image License #SBR-6501317644

RE/MAX New Image

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1974

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 132x132

Home Design

  • Slab Foundation

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Full Bathrooms

Additional Features

  • 2-Story Property
  • Separate Meters

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 17-12-1-27-0313-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,047

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Originating MLS: Saginaw Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 4047.07
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Estimated Sq Ft: 2000

Exterior Features

  • Foundation Type: Slab

Utilities

  • Water: Public Water
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 17-12-1-27-0313-000
  • Lot Dimensions: 132x132
  • Acreage: 0.4
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $583.37
  • Winter Tax: Year: 2019, Amount: $2,723.51
  • Taxable Value: 53208
  • Total Tax: Amount: $4,047.07
  • Village Tax: 740.19
  • SEV Year: 2020

Multi Family

  • Total Units: 8

MLS Schools

  • School District: Merrill Comm School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2020
Closed on
Dec 10, 2020
Sold by
Agape Apartments Llc
Bought by
Fhf Estates Llc
Seller's Agent
Joe Harris
EXP Realty
Buyer's Agent
Joe Karpuk
RE/MAX New Image
List Price
$234,900
Sold Price
$240,000
Premium/Discount to List
$5,100
2.17%
Current Estimated Value
$345,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,629
Avg. Annual Appreciation
8.07%
Original Mortgage
$180,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 10, 2012
Sold by
Hagen Kelly M and Mulholland James C
Bought by
Agape Apartments Llc

Purchase Details

Closed on
Jan 27, 2012
Sold by
Mulholland Melanie
Bought by
Agape Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2009
Sold by
Milo S Turner Living Trust
Bought by
Mulholland James C and Mulholland Melanie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,875
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 1991
Sold by
Turner Milo S and Turner Dorene M
Bought by
Turner, Milo S Trust

Purchase Details

Closed on
May 10, 1973
Sold by
Scm Corp Glidden-Durkee Divsion
Bought by
Turner Milo S and Turner Dorene M
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
Fhf Estates Llc $240,000 Homeland Title Services Llc
Agape Apartments Llc $33,750 --
Agape Apartments Llc $33,750 --
Mulholland James C $62,500 --
Turner, Milo S Trust -- --
Turner Milo S $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fhf Estates Llc $284,000
Closed Fhf Estates Llc $180,000
Previous Owner Agape Apartments Llc $112,500
Previous Owner Mulholland James C $46,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2020 12/10/20 Sold $240,000 +2.2% $120 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $234,900 -- $117 / 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 $1,659 $145,800 $0 $0
2024 $1,659 $145,600 $0 $0
2023 $1,580 $127,900 $0 $0
2022 $4,807 $60,500 $0 $0
2021 $4,574 $59,900 $0 $0
2020 $4,145 $60,400 $0 $0
2019 $4,022 $59,500 $5,900 $53,600
2018 $1,247 $58,600 $0 $0
2017 $3,746 $50,600 $0 $0
2016 $4,625 $49,500 $0 $0
2014 -- $51,300 $0 $47,000
2013 -- $51,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50023604

Michigan Multiple Listing Service

APN: 17121270313000