NOT LISTED FOR SALE

2876 Imlay City Rd Lapeer, MI 48446

Lapeer Township Neighborhood

Estimated Value: $307,000 - $347,000

8 Beds
4 Baths
3,043 Sq Ft
$108/Sq Ft Est. Value

Last Sold October 13, 2022

Last sale price $180,000 $59 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,253/month

9 Days on Market

Highlights

  • 2.9 Acre Lot
  • Forced Air Heating System
  • 10 Car Garage

About This Home

As of October 2022

Great income-producing property with 4, possible 5 units! Sale includes a duplex (1627 s/f) and 2 mobile homes (720 s/f & 696 s/f) that bring in $2520 monthly. Also, a vacant 3 bedroom home on the property that needs to be renovated & had previously been rented for $800 monthly. Located on 2.9 acres. Terms offered: Land Contract, Cash, or Commercial Mortgage. Potential buyers must have a mortgage preapproval or proof of funds before showing. Please do not approach tenants. The ownership entity signer has a RE broker license.

Last Agent to Sell the Property

Michael Young

H W Realty License #6501348403 Listed on: 07/26/2022

Last Buyer's Agent

Raymond Mashni

Premier Real Estate Management License #6502419816

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1971

Lot Details

  • 2.9 Acre Lot
  • Lot Dimensions are 209x607x209x602

Parking

  • 10 Car Garage

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 3,043 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement
  • Crawl Space

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01201200300

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,315

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Assessment: 202.00
  • Year Built: 1971
  • State Equalized Value: 94500.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3043
  • Total Sq Ft: 3043
  • Sq Ft Total Bsmt: 192

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 209
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 10

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Electric
  • Water Source: Well (Existing)

Schools

  • School District: Lapeer

Lot Info

  • Lot Size Area: 2.90
  • Lot Dimensions: 209x607x209x602
  • Parcel Number: 01201200300
  • Zoning: Residential

Rental Info

  • Deposit Amount: 47475.00
  • Rent Includes: Trash Collection (Garbage Pickup)
  • Monthly Rental Income: 2530

Tax Info

  • Tax Amount Summer: 543.0800
  • Tax Amount Winter: 1772.1000
  • Total Tax: 2315.0000
  • Taxable Value: 55863.0000

Multi Family

  • Gross Scheduled Income: 30360.00
  • Number Of Units Total: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Lapeer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2022
Closed on
Oct 13, 2022
Sold by
Timothy Investments Llc
Bought by
Shango Khatan
Seller's Agent
Michael Young
H W Realty
Buyer's Agent
Raymond Mashni
Premier Real Estate Management
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%
Current Estimated Value
$330,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,133
Avg. Annual Appreciation
23.72%

Purchase Details

Listed on
Jul 26, 2022
Closed on
Sep 19, 2022
Sold by
Schlaud Zaccaria L and Schlaud Deanna M
Bought by
Timothy Investments Llc
Seller's Agent
Michael Young
H W Realty
Buyer's Agent
Raymond Mashni
Premier Real Estate Management
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%

Purchase Details

Closed on
Jan 3, 2011
Sold by
Solt Kevin and Solt Kellee K
Bought by
Timothy Investments Llc

Purchase Details

Closed on
Mar 26, 2005
Sold by
Gordon Diane For Donald Crossman
Bought by
Solt Kevin and Solt Kellee
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
Shango Khatan -- --
Timothy Investments Llc -- --
Timothy Investments Llc -- --
Solt Kevin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Timothy Investments Llc $200,000
Previous Owner Schlaud Deanna M $143,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2022 10/13/22 Sold $180,000 -5.2% $59 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/26/2022 07/26/22 For Sale $189,900 -- $62 / 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
2025 $5,444 $143,700 $0 $0
2024 $1,327 $136,900 $0 $0
2023 $942 $96,900 $0 $0
2022 $2,383 $94,500 $0 $0
2021 $2,250 $89,700 $0 $0
2020 $2,227 $85,500 $0 $0
2019 $2,106 $83,000 $0 $0
2018 $2,089 $73,600 $73,600 $0
2017 $1,950 $72,200 $0 $0
2016 $489 $71,000 $71,000 $0
2015 $2,028 $67,500 $0 $0
2014 $2,028 $60,600 $60,600 $0
2013 $2,028 $54,300 $54,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Young

    Seller's Agent in 2022

    Michael Young

    H W Realty

    (810) 656-6095

    2 in this area

    30 Total Sales

    Section Image
  • Raymond Mashni

    Buyer's Agent in 2022

    Raymond Mashni

    Premier Real Estate Management

    (248) 813-7735

    1 in this area

    4 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20221023221

Realcomp

APN: 012-012-003-00

Michigan Lapeer County Lapeer 48446 Lapeer Township

2876 Imlay City Rd, Lapeer, MI

This home is located at 2876 Imlay City Rd, Lapeer, MI 48446 since 26 July 2022 and is currently estimated at $330,133, approximately $108 per square foot. This property was built in 1971. 2876 Imlay City Rd is a home located in Lapeer County with nearby schools including Elva Lynch Elementary School, Rolland-Warner Middle School, and Lapeer High School.

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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