NOT LISTED FOR SALE

Estimated Value: $1,801,000 - $1,985,000

6 Beds
7 Baths
-- Sq Ft
3,093 Sq Ft Lot

Sale Details

Date Sold: August 23, 2024

Last sale price $1,800,000

Est. 6% increase in value since last sale

Current estimated payment $12,879 / mo

6 Days on Market

About This Home

As of August 2024

NEWER BUILDING! TURN KEY INVESTMENT. HIGHLY UPGRADED CONDO QUALITY UNITS WITH CHERRY HDWD FLOORS THROUGHOUT, SS APPLIANCES, 42" CHERRY CABS, GRANITE COUNTERS, BEAUTIFUL FULL ALL STONE BATHS W/DUAL SINK IN MASTER. BALCONY. 1,500 SQ FT COMMERICAL SPACE (STORE/OFFICE). PARKING FOR 6 CARS, TANDEM PARKING. FANTASTIC OPPORTUNITY.

Last Agent to Sell the Property

Harry Perl

Goldberg & Perl, Inc. License #471008772 Listed on: 06/17/2024

Last Buyer's Agent

Srinivasa Sirigiri

Provident Realty, Inc. License #475155359

Provident Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,140

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 25x125

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 7 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $437
  • Insurance Expense $3,961
  • Water Sewer Expense $1,650
  • Gross Income $174,990
  • Net Operating Income $137,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,140

Year Built

Built in 2004

Lot Details

3,093 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Condo
  • New Construction: No
  • Year Built: 2004
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 7
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Indv Controls
  • Water Source: Lake Michigan

Fee Information

  • Water Sewer Expenses: 1650

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 137800
  • Insurance Expense: 3961
  • ElectricExpense: 437
  • GrossIncome: 174990
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: Other

Tax Info

  • Tax Annual Amount: 31140
  • Tax Year: 2022

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
Jun 17, 2024
Closed on
Jul 24, 2024
Sold by
Bought by
Seller's Agent
Harry Perl
Goldberg & Perl, Inc.
Buyer's Agent
Srinivasa Sirigiri
Provident Realty, Inc.
List Price
$1,700,000
Sold Price
$1,800,000
Premium/Discount to List
$100,000
5.88%
Views
13
Current Estimated Value
$1,902,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,599
Avg. Annual Appreciation
2.99%
Original Mortgage
$1,260,000
Outstanding Balance
$1,128,853
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$773,746

Purchase Details

Closed on
Jun 13, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 2014
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$659,153
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$978,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4.75%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 30, 1996
Sold by
Bought by
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

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
$1,790,000 None Listed On Document
-- Fidelity National Title Insu
$1,700,000 Fidelity National Title
$1,067,500 None Available
-- None Available
-- St
-- --
$490,000 Ticor Title Insurance
-- --
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
Open $1,260,000
Previous Owner $659,153
Previous Owner $978,000
Previous Owner $1,000,000
Previous Owner $900,000
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
08/23/2024 08/23/24 Sold $1,800,000 +5.9% --
06/24/2024 06/24/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $1,700,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $31,944 $179,000 $57,362 $121,638
2024 $31,944 $227,000 $57,362 $169,638
2023 $31,140 $151,399 $46,260 $105,139
2022 $31,140 $151,399 $46,260 $105,139
2021 $30,445 $151,399 $46,260 $105,139
2020 $25,472 $114,342 $22,204 $92,138
2019 $27,714 $137,943 $22,204 $115,739
2018 $29,826 $150,994 $22,204 $128,790
2017 $36,408 $169,129 $19,737 $149,392
2016 $33,875 $169,129 $19,737 $149,392
2015 $30,992 $169,129 $19,737 $149,392
2014 $16,547 $89,183 $16,653 $72,530
2013 $16,220 $89,183 $16,653 $72,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12086241

Midwest Real Estate Data (MRED)

APN: 14-29-407-112-0000

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