NOT LISTED FOR SALE

Estimated Value: $161,000 - $261,645

4 Beds
2 Baths
2,150 Sq Ft
$94/Sq Ft Est. Value

Last Sold November 05, 2018

Last sale price $56,000 $26 Per Sq Ft

Est. 263% increase in value since last sale

Current estimated payment $1,318/month

95 Days on Market

Highlights

  • Waterfront
  • 2 Car Detached Garage
  • Living Room
  • Main Floor Bedroom
  • Porch
  • Forced Air Heating System

About This Home

As of November 2018

Great investment opportunity. Keep both tenants or live in one unit and continue to rent the other. Tenants are responsible for their own utilities including water. Two units, each with two bedrooms. Unit one also has a formal dining room. Each unit has their own washer & dryer hook ups. Unit 1 has access to the basement and storage area. Unit 2 has access to the attic area for storage. There's a detached two car garage. Close to town. Property is in the Downtown Commercial District. So, if you want to change it to commercial then you can call Richland Township for more information.

Last Agent to Sell the Property

Diana Bay

Century 21 Signature Freeland License #MBR-6506040025 Listed on: 04/16/2018

Century 21 Signature Freeland

Last Buyer's Agent

Diana Bay

Century 21 Signature Freeland License #MBR-6506040025 Listed on: 04/16/2018

Century 21 Signature Freeland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1904

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 52x132
  • Waterfront

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Living Room
  • Basement
  • Block Basement Construction
  • Laundry on lower level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 22122280116000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,886

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Originating MLS: Midland Board of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2504
  • Total Tax Year: 2017
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Sub Room Description: First Floor Bedroom, Living Room, Lower Level Laundry
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2150

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Frontage: 52
  • Water Features: Lake Frontage
  • Waterfront: Yes
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage, Electric In Garage
  • Garage Spaces: 2

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Boiler, Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 22122280116000
  • Lot Dimensions: 52x132
  • Acreage: 0.16
  • Lot Description: Sidewalks
  • Zoning: Multi-Family, Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes
  • Lease Information: Month-To-Month

Tax Info

  • Summer Tax: Year: 2017, Amount: $545.00
  • Winter Tax: Year: 2017, Amount: $1,959.00
  • Taxable Value: 48230
  • Total Tax: Year: 2017, Amount: $2,504.00
  • SEV Year: 2017

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Hemlock Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Oct 26, 2018
Sold by
Fuller Gerald D and Fuller Marcia A
Bought by
Klohn Christopher
Seller's Agent
Diana Bay
Century 21 Signature Freeland
Buyer's Agent
Diana Bay
Century 21 Signature Freeland
List Price
$74,900
Sold Price
$56,000
Premium/Discount to List
-$18,900
-25.23%
Current Estimated Value
$203,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,161
Avg. Annual Appreciation
17.13%
Original Mortgage
$54,985
Outstanding Balance
$48,201
Interest Rate
4.7%
Mortgage Type
FHA
Estimated Equity
$118,524

Purchase Details

Closed on
Feb 26, 2009
Sold by
Fuller Gerald D
Bought by
Fuller Gerald D and Fuller Marcia A

Purchase Details

Closed on
Jun 16, 2004
Source: Public Records

Range of Values:

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Average Value
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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
Klohn Christopher $56,000 --
Fuller Gerald D -- --
-- $79,000 --
Fuller Gerald D $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klohn Christopher $54,985
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2018 11/05/18 Sold $56,000 -25.2% $26 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $74,900 -- $35 / Sq Ft
Source: Midland Board of REALTORS®

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 $2,886 $77,300 $0 $0
2024 $578 $70,400 $0 $0
2023 $551 $65,000 $0 $0
2022 $2,617 $55,200 $0 $0
2021 $2,475 $49,000 $0 $0
2020 $2,436 $45,700 $0 $0
2019 $2,487 $52,100 $14,900 $37,200
2018 $540 $52,100 $0 $0
2017 $2,488 $49,000 $0 $0
2016 $2,420 $47,800 $0 $0
2014 -- $48,800 $0 $33,800
2013 -- $50,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midland Board of REALTORS®

MLS Number: 31344893

Midland Board of REALTORS®

APN: 22122280116000