NOT LISTED FOR SALE

27659 Arsenal Rd Flat Rock, MI 48134

Estimated Value: $165,000 - $347,000

13 Beds
7 Baths
5,391 Sq Ft
$47/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $271,000 $50 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,570/month

46 Days on Market

Highlights

  • 2.46 Acre Lot
  • Baseboard Heating
  • Garage
  • Forced Air Heating and Cooling System

About This Home

As of February 2018

Seven units total , free standing four unit building are identical units (current rent $500 per unit). Each separate four unit has utility room and electric panel and boiler. 3 Bedroom House has two apartments upstairs. Each apartment has electric panel and thermostat for boiler heat. House is on a basement. HVAC to house was replaced in 2015. Newer panel; laundry area on main floor. Three car garage currently used by tenants of three units. Garage has electric and openers. Landlord pays water.

Last Agent to Sell the Property

Ed Lang

KW Professionals License #6501375969 Listed on: 10/19/2017

KW Professionals

Co-Listed By

Theresa Barr

Prime + Property License #6501315806

Prime + Property

Last Buyer's Agent

Theresa Barr

Prime + Property License #6501315806

Prime + Property

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1965

Lot Details

  • 2.46 Acre Lot
  • Lot Dimensions are 232x470x243x436

Home Design

  • Quadruplex
  • Block Foundation
  • Slab Foundation
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 7 Full Bathrooms
  • 5,391 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Garage
  • Unassigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 58091010018002

Community Details

Overview

  • 7 Units
  • Assr's Flat Rock Plat No 2 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,143

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 455.84
  • Year Built: 1965
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Private, Unfinished
  • Sq Ft Combined: 5391
  • Total Sq Ft: 5391
  • Sq Ft Total Bsmt: 1020

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement, Slab
  • Construction Materials: Aluminum, Block/Concrete/Masonry
  • Foundation Materials: Block
  • Frontage Feet: 232
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages, Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Window Unit(s)
  • Heating: Baseboard, Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Flat Rock

Lot Info

  • List Price per Acre: 115853.6585
  • Lot Size Area: 2.46
  • Lot Dimensions: 232x470x243x436
  • Parcel Number: 58091010018002
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 4000

Tax Info

  • Tax Amount Summer: 3896.0000
  • Tax Amount Winter: 2247.0000
  • Total Tax: 6143.0000

Multi Family

  • Gross Scheduled Income: 48000.00
  • Number Of Units Total: 7
  • Unit Count: 3
  • Number of One Bedroom Units: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Flat Rock

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2016
Sold by
Gillespie Daniel John and Gillespie Teri Lynn
Bought by
Wlliams Todd
Total Days on Market
46
Current Estimated Value
$252,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Outstanding Balance
$207,173
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$90,827
Source: Public Records

Range of Values:

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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
Wlliams Todd $340,000 Title One Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Day Jimmy $47,296
Open Wlliams Todd $249,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2018 02/02/18 Sold $271,000 -4.9% $50 / Sq Ft
12/04/2017 12/04/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $285,000 -- $53 / Sq Ft
Source: Realcomp

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
2024 $1,871 $43,700 $0 $0
2023 $1,864 $43,500 $0 $0
2022 $2,288 $42,700 $0 $0
2021 $2,300 $40,600 $0 $0
2020 $2,248 $40,700 $0 $0
2019 $2,138 $38,900 $0 $0
2018 $1,486 $38,500 $0 $0
2017 $813 $33,500 $0 $0
2016 $1,811 $33,500 $0 $0
2015 $2,289 $32,200 $0 $0
2013 $2,218 $31,100 $0 $0
2012 $760 $27,600 $22,900 $4,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 217089926

Realcomp

APN: 58-092-01-0066-009