NOT LISTED FOR SALE

26 Wabash St Milan, MI 48160

Estimated Value: $255,000 - $364,000

6 Beds
6 Baths
3,657 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: January 14, 2022

Last sale price $223,100 $61 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,291 / mo

77 Days on Market

Highlights

  • Colonial Architecture
  • Balcony
  • Stairway
  • Covered Patio or Porch
  • Accessible Hallway
  • 1-minute walk to Wilson Park

About This Home

As of January 2022

ATTENTION INVESTORS! 6 unit apartment building in Downtown Milan. The south side of the building faces Ford Lake with great views. There is a large porch on the first floor with a balcony on the 2nd floor. The projected cap rate is 11.34%. This property is being sold in "AS IS" condition. All information is estimated and should be verified.

Last Agent to Sell the Property

David Misko

Van Esley Real Estate Inc License #6501351778 Listed on: 08/12/2021

Last Buyer's Agent

Chris Karapatsakis

Remerica Hometown III License #RCO-6501294146

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 72 x 144 x 72 x 144

Home Design

  • Colonial Architecture
  • Stone Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 3,657 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • Unassigned Parking

Accessible Home Design

  • Stairway
  • Accessible Hallway

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 191935454020

Community Details

Overview

  • 6 Units
  • Suprvr's Plat No 3 Milan Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,769

Year Built

Built in 1900

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1900
  • State Equalized Value: 100700.0000
  • Accessibility Features: Accessible Hallway(s), Accessible Stairway
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Total Sq Ft: 3657

Exterior Features

  • Foundation Details: Basement, Michigan Basement
  • Construction Materials: Aluminum, Wood
  • Foundation Materials: Stone
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: W

Garage/Parking

  • MF Parking: Garages, Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Hot Water
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • Lot Size Area: 0.24
  • Lot Dimensions: 72 x 144 x 72 x 144
  • Parcel Number: 191935454020
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 3800

Tax Info

  • Tax Amount Summer: 3633.7400
  • Tax Amount Winter: 1134.9900
  • Total Tax: 4768.7300
  • Taxable Value: 66551.0000

Multi Family

  • Gross Scheduled Income: 45600.00
  • Number Of Units Total: 6
  • Number of Efficiency Units: 2

MLS Schools

  • School District: Milan

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Jan 14, 2022
Sold by
Bought by
Seller's Agent
David Misko
Van Esley Real Estate Inc
Buyer's Agent
Chris Karapatsakis
Remerica Hometown III
List Price
$275,000
Sold Price
$223,100
Premium/Discount to List
-$51,900
-18.87%
Current Estimated Value
$310,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,219
Avg. Annual Appreciation
7.97%

Purchase Details

Closed on
Apr 29, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$223,100 None Listed On Document
-- None Available
$115,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $232,922
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/14/2022 01/14/22 Sold $223,100 -18.9% $61 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $275,000 -- $75 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,371 $180,400 $0 $0
2025 $7,371 $163,000 $0 $0
2024 $7,088 $155,000 $0 $0
2023 $6,774 $126,100 $0 $0
2022 $4,919 $117,700 $0 $0
2021 $4,794 $111,100 $0 $0
2020 $4,769 $100,700 $0 $0
2019 $4,667 $97,200 $97,200 $0
2018 $4,714 $88,600 $0 $0
2017 $4,566 $85,900 $0 $0
2016 $4,515 $61,913 $0 $0
2015 -- $61,728 $0 $0
2014 -- $59,800 $0 $0
2013 -- $59,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 2210066467

Realcomp

APN: 19-35-454-020

Your Personal Tour Guide

Ask me questions while you tour the home.