NOT LISTED FOR SALE

2551 Juniper Rd Niles, MI 49120

Estimated Value: $147,000 - $262,812

Studio
-- Bath
3,024 Sq Ft
$74/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $146,000 $48 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,509/month

40 Days on Market

About This Home

As of April 2021

Good Investment opportunity in this 3 unit apartment building! Seller has done some updates this year including new roof, updating kitchens and resurfacing the parking area. Each apartment has 2 bedrooms and includes kitchen appliances Tenants have access to the laundry area in the basement to use the coin operated washer & dryer in the basement. Two apartments are occupied and rent is $665 per month and the the lower unit has rented for $850. You could live in one unit and let the income from the other 2 units pay your mortgage! Seller is leaving the John Deer mower and a snow blower for the new owner. This sale includes a second lot which runs up to Detroit Rd. tax code 1402022007202.

Last Agent to Sell the Property

Nancye Kitchell

Bon Realty Listed on: 01/25/2021

Last Buyer's Agent

Claudia Kelleher

Cressy & Everett Real Estate License #6506047350

Cressy & Everett Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,227

Year Built

  • Built in 1968

Lot Details

  • 0.92 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Hot Water Heating System
  • Natural Gas Connected
  • Septic System
  • Internet Available
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Association fees include trash, water
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,227

Year Built

Built in 1968

Lot Details

0.92 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Block, Brick
  • List Price: 155900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Cable Connected, Broadband
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes

Fee Information

  • Association Fee Includes: Trash, Water

Lot Info

  • Lot Size Acres: 0.92
  • Lot Size Area: 0.92
  • Lot Size Sq Ft: 40075.0
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas
  • Tenant Pays: Electricity

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2227.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Apr 30, 2021
Sold by
Babic Vladimir and Babic Gabriel V
Bought by
Wallace Stephen
Seller's Agent
Nancye Kitchell
Bon Realty
Buyer's Agent
Claudia Kelleher
Cressy & Everett Real Estate
List Price
$162,000
Sold Price
$146,000
Premium/Discount to List
-$16,000
-9.88%
Current Estimated Value
$223,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,953
Avg. Annual Appreciation
9.32%

Purchase Details

Closed on
Oct 29, 2010
Sold by
Estate Of Eugene Frederick Raatz
Bought by
Babic Vladimir and Babic Gabriel V
Source: Public Records
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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
Wallace Stephen $146,000 First American Title
Babic Vladimir $55,300 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $146,000 -6.4% $48 / Sq Ft
04/01/2021 04/01/21 Off Market $155,900 -- --
01/25/2021 01/25/21 For Sale $162,000 -- $54 / Sq Ft
Source: MichRIC

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 $4,151 $94,300 $94,300 $0
2024 $976 $100,500 $100,500 $0
2023 $930 $88,700 $0 $0
2022 $886 $83,000 $0 $0
2021 $2,351 $69,900 $0 $0
2020 $2,323 $69,900 $0 $0
2019 $2,227 $63,500 $0 $0
2018 $550 $51,200 $0 $0
2017 $564 $58,800 $0 $0
2016 $559 $62,933 $0 $0
2015 -- $68,100 $0 $0
2011 -- $66,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 20046742

MichRIC

APN: 14-020-220-074-00

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