NOT LISTED FOR SALE

Estimated Value: $352,000 - $383,000

8 Beds
4 Baths
3,043 Sq Ft
$121/Sq Ft Est. Value

Sale Details

Date Sold: October 13, 2022

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

Est. 105% increase in value since last sale

Current estimated payment $2,497 / mo

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 #RCO-6502419816

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

2.9 Acres

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
  • AgentOnly_ListPriceByAcre: 65482.7500
  • 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
  • Total Sq Ft: 3043

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • 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)

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

MLS Schools

  • School District: Lapeer

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
Jul 26, 2022
Closed on
Oct 13, 2022
Sold by
Bought by
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
$369,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,619
Avg. Annual Appreciation
20.38%

Purchase Details

Listed on
Jul 26, 2022
Closed on
Sep 19, 2022
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Mar 26, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lapeer, MI

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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
-- --
-- --
-- --
-- --
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
Previous Owner $200,000
Previous Owner $143,200
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
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

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
2026 $5,644 $152,700 $0 $0
2025 $1,365 $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

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Map

Source: Realcomp

MLS Number: 20221023221

Realcomp

APN: 012-012-003-00

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