NOT LISTED FOR SALE

Estimated Value: $283,000 - $1,107,000

14 Beds
7 Baths
1,598 Sq Ft
$447/Sq Ft Est. Value

Last Sold September 08, 2020

Last sale price $885,000 $554 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $4,298/month

41 Days on Market

About This Home

As of September 2020

This well maintained 7 unit residential rental property is an excellent investment opportunity in Harrison Township. All 7 units are occupied by tenants who have all been renters for more than their initial 1 year lease, with 3 tenants being more than 5 years. Gross annual rents on current leases is 95,700. Operating expenses 30,303, net operating income 65,397 3 duplexes,1 single stand alone family home. 7 units total. Each unit has 2 bedrooms and 1.5 baths and a 1 car garage. The complex has been set up as a condo but no association has been set up. Owner will only sell as a package! Near 100% occupancy. Very little, if any turn over.Per public record sq footages range from 1445 to 1598 per unit. Separate meters for each unit. Tenant pays all utilities, owner cuts the lawn. Very spacious units great location across from the lake.Inspection and preview of each unit only available after acceptable offer has been submitted. Information deemed reliable but not Guaranteed

Last Agent to Sell the Property

Gerry Miller

Real Estate One Clinton License #MISPE-6506042251 Listed on: 07/28/2020

Real Estate One Clinton

Last Buyer's Agent

Thom Kuchulan

RE/MAX First License #6502380170

RE/MAX First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,718

Year Built

  • Built in 1994

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 236x165

Parking

  • 7 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Full Bathrooms

Utilities

  • Central Air
  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 17-11-36-412-007

Community Details

Overview

  • Association fees include snow removal
  • 7 Units
  • Marilynns Meadows Condo Subdivision

Building Details

  • Net Operating Income $64,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,718

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 21718
  • Total Tax Year: 2019
  • Year Built: 1994
  • Mail City: Harrison Twp
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Bedrooms: 14
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 7
  • Total Bathrooms: 14
  • Dining Kitchen: Breakfast Nook/Room, Eat-In Kitchen
  • Half Bathrooms: 7
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1598

Exterior Features

  • Frontage: 236
  • Foundation Type: Slab

Garage/Parking

  • Garage Type: Attached Garage
  • Garage Spaces: 7
  • Parking: 3 Or More Spaces, Garage

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Floor Furnace
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal

Lot Info

  • Assessor Parcel Number: 17-11-36-412-007
  • Lot Dimensions: 236x165
  • Acreage: 0.3
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Taxes, Trash Removal
  • Total Expenses: 30303

Tax Info

  • Summer Tax: Year: 2019
  • Total Tax: Year: 2019, Amount: $21,718.00

Multi Family

  • Total Units: 7

MLS Schools

  • School District: L'anse Creuse Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2024
Sold by
Blue Star Jefferson Murray Llc
Bought by
Platinum Enterprises Ltd Llc
Current Estimated Value
$714,973

Purchase Details

Listed on
Jul 28, 2020
Closed on
Sep 8, 2020
Sold by
Dw Properties Llc
Bought by
Blue Star Jefferson Murray Llc
Seller's Agent
Gerry Miller
Real Estate One Clinton
Buyer's Agent
Thom Kuchulan
RE/MAX First
List Price
$950,000
Sold Price
$885,000
Premium/Discount to List
-$65,000
-6.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.72%

Purchase Details

Closed on
Aug 21, 2015
Sold by
Hardcastle Murray Llc
Bought by
Dw Properties Llc

Purchase Details

Closed on
Nov 20, 2009
Sold by
Hardcastle Gordon Douglas and Hanson Hardcastle Marilynn
Bought by
Hardcastle Murray Llc

Purchase Details

Closed on
Dec 23, 2004
Sold by
Awrey E Ross
Bought by
Hardcastle Gordon Douglas and Hanson Hardcastle Marilynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
8.4%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Platinum Enterprises Ltd Llc $1,035,000 Ata National Title
Platinum Enterprises Ltd Llc $1,035,000 Ata National Title
Platinum Enterprises Ltd Llc $1,035,000 Ata National Title
Platinum Enterprises Ltd Llc $1,035,000 Ata National Title
Blue Star Jefferson Murray Llc $885,000 Ata National Title
Blue Star Jefferson Murray Llc $885,000 Ata National Title
Blue Star Jefferson Murray Llc $885,000 Ata National Title
Blue Star Jefferson Murray Llc $885,000 Ata National Title
Dw Properties Llc $694,000 Chirco Title Agency Inc
Hardcastle Murray Llc -- Chirco Title Agency Inc
Dw Properties Llc $694,000 Chirco Title Agency Inc
Hardcastle Murray Llc -- Chirco Title Agency Inc
Hardcastle Murray Llc -- None Available
Hardcastle Murray Llc -- None Available
Hardcastle Gordon Douglas $221,000 Devon Title
Hardcastle Gordon Douglas $221,000 Devon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hardcastle Gordon Douglas $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2020 09/08/20 Sold $885,000 -6.8% $554 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $950,000 -- $594 / 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 $4,841 $121,200 $0 $0
2024 $3,817 $111,200 $0 $0
2023 $3,633 $93,000 $0 $0
2022 $4,389 $84,400 $0 $0
2021 $4,256 $81,900 $0 $0
2020 $2,485 $78,800 $0 $0
2019 $3,258 $70,600 $0 $0
2018 $3,092 $57,400 $0 $0
2017 $3,106 $56,560 $10,000 $46,560
2016 $2,868 $56,560 $0 $0
2015 -- $57,270 $0 $0
2012 $2,876 $44,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50019049

Michigan Multiple Listing Service

APN: 17-11-36-412-007