$47,685
SOLD JUN 27, 2022

254 Cross St Adrian, MI 49221

5 Beds
3 Baths
2,196 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$22 Per Sq Ft

20% Below List Price

5 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • 4-minute walk to Fee Park
  • Porch
  • Wood Siding

About This Home

As of June 2022

Well priced 3 unit rental in the City of Adrian. Fully occupied with instant income potential. 1 unit has 2 bedrooms and 1 bath, 2 units have 1 bedroom and 1 bath.

Last Agent to Sell the Property

Mark Goedert

Goedert Real Estate - Adr License #LCAR-6502127023 & 6502127024 Listed on: 05/09/2022

Last Buyer's Agent

Mark Goedert

Goedert Real Estate - Adr License #LCAR-6502127023 & 6502127024 Listed on: 05/09/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 74x130

Parking

  • 3 Car Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Michigan Basement
  • Block Basement Construction

Outdoor Features

  • Deck
  • Porch

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-570-0021-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2863.46
  • Total Tax Year: 2021
  • Year Built: 1890
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block, MI Basement
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Estimated Sq Ft: 2196

Exterior Features

  • Construction: Wood
  • Exterior Features: Deck, Porch, Sidewalks
  • Frontage: 74
  • Foundation Type: Basement, Crawl

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • 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: XA0-570-0021-00
  • Lot Dimensions: 74x130
  • Acreage: 0.15
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $2,224.93
  • Winter Tax: Year: 2021, Amount: $638.53
  • Taxable Value: 36783
  • Total Tax: Year: 2021, Amount: $2,863.46
  • SEV Year: 2021

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2013
Closed on
Mar 26, 2014
Sold by
Hsbc Mortgage Services Inc
Bought by
Moore Homes Llc
Seller's Agent
Debbie Breier
Bedford Realty LLC
Buyer's Agent
Nmls Nmls
Non-MLS Member
List Price
$37,900
Sold Price
$12,300
Premium/Discount to List
-$25,600
-67.55%
Current Estimated Value
$146,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,660
Avg. Annual Appreciation
24.33%

Purchase Details

Closed on
Jan 31, 2013
Sold by
Vasquez Miguel P and Vasquez Estella
Bought by
Hsbc Mortgage Services Inc

Purchase Details

Closed on
Oct 9, 2006
Sold by
Burgess Thomas P
Bought by
Vasquez Miguel and Vasquez Estella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
10.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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 Type Sale Price Title Company
Deed $12,300 Parks Title
Sheriffs Deed $25,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $80,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2022 06/27/22 Sold $47,685 -20.4% $22 / Sq Ft
05/14/2022 05/14/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $59,900 +62.3% $27 / Sq Ft
07/20/2018 07/20/18 Sold $36,900 0.0% $17 / Sq Ft
05/02/2018 05/02/18 For Sale $36,900 +200.0% $17 / Sq Ft
03/27/2014 03/27/14 Sold $12,300 -67.5% $6 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
11/25/2013 11/25/13 For Sale $37,900 -- $17 / 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 $4,385 $55,600 $0 $0
2024 $2,885 $49,700 $0 $0
2023 $4,224 $46,700 $0 $0
2022 $2,604 $44,400 $0 $0
2021 $2,663 $41,700 $0 $0
2020 $2,548 $41,800 $0 $0
2019 $89,618 $35,600 $0 $0
2018 $1,894 $42,929 $0 $0
2017 $1,840 $31,511 $0 $0
2016 $1,826 $32,108 $0 $0
2014 -- $30,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50073503

Michigan Multiple Listing Service

APN: XA0-570-0021-00