NOT LISTED FOR SALE

2620 & 262 Chapel Rd Parma, MI 49269

Estimated Value: $173,000 - $234,000

-- Bed
-- Bath
-- Sq Ft
0.41 Acres

Last Sold November 17, 2023

Last sale price $160,000

Est. 26% increase in value since last sale

Current estimated payment $1,442/month

3 Days on Market

About This Home

As of November 2023

Owner has multiple offers! She is asking for the highest and best by Friday 11/3/2023 at noon.
Dont miss this great oppurtunity to own this great duplex located in Spring Arbor Twp., Western School district.
Each unit has 2 bedrooms and 1 full bathroom, a kitchen that opens to a dining area with sliding glass doors that open to a large shared yard. 1 car attached garage for each unit and a large shared driveway. You could live in 1 side and rent the other or use the entire property as an income property. The 2620 unit is tenant occupied. In an attempt not to disturd the tenant, there will be no showings of that unit with out an accepted offer. Units are mirror images of each other. All the appliances in the occupied unit are owned by the tenant.

Last Agent to Sell the Property

John Collis

NCDG REALTY & PROPERTY MANAGE License #6502352091 Listed on: 10/31/2023

Last Buyer's Agent

Eric Ropp

C-21 Affiliated - Jackson License #6502395717

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,051

Year Built

  • Built in 1972

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 120 x 146.98

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Utilities

  • Radiant Heating System
  • Well

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,051

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1972
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 120 x 146.98
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3050.51
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • Sewer:Public: Yes
  • Heat Type:Radiant: Yes
  • Driveway:Gravel: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 152975.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Radiant, Electric
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electric Available, Electric Connected
  • Water Well: Yes
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Dimensions: 120 x 146.98
  • Lot Size Sq Ft: 17642.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3050.51
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2018
Sold by
Spener Robert William
Bought by
Spencer Diane Lynn
Current Estimated Value
$201,394

Purchase Details

Closed on
May 16, 2000
Sold by
Pickford Marcia A and Glover Helen M
Bought by
Gross Renee H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,519
Interest Rate
8.24%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 2000
Sold by
Deranek Robert L
Bought by
Spencer Robert W and Spencer Diane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,519
Interest Rate
8.24%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 1, 1989
Bought by
Deranek
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Spencer Diane Lynn -- None Available
Gross Renee H $47,000 --
Spencer Robert W $90,000 Midstate Title Company
Deranek $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spencer Robert W $89,519
Closed Gross Renee H $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2023 11/17/23 Sold $160,000 +4.6% --
11/03/2023 11/03/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $152,975 -- --
Source: MichRIC

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 $4,676 $97,500 $0 $0
2024 $3,388 $83,000 $0 $0
2023 $2,300 $86,400 $0 $0
2022 $2,941 $76,300 $0 $0
2021 $2,875 $72,430 $0 $0
2020 $2,839 $64,840 $0 $0
2019 $2,726 $61,970 $0 $0
2018 $2,699 $56,990 $10,840 $46,150
2017 $2,585 $57,290 $0 $0
2016 $1,949 $57,230 $57,230 $0
2015 $45,486 $50,530 $50,530 $0
2014 $45,486 $47,730 $47,730 $0
2013 -- $47,730 $47,730 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23140460

MichRIC

APN: 135-12-08-476-008-00