NOT LISTED FOR SALE

2914 Chapel Rd Parma, MI 49269

Estimated Value: $178,000 - $261,000

-- Bed
-- Bath
-- Sq Ft
0.61 Acres

Last Sold July 01, 2021

Last sale price $150,000

Est. 47% increase in value since last sale

Current estimated payment $1,532/month

6 Days on Market

About This Home

As of July 2021

Well maintained side by side duplex with great income potential. Conveniently located in Western School district near SA University. Easy to maintain with updates like new furnace(s) with AC/coil(s) in 2020 for both units, many new appliances including washer/dry for each unit in easy access utility room off the back of the complex. Each side has their own backyard and storage shed, with separate driveway access. Both units are currently occupied.

Last Agent to Sell the Property

Molly Kennedy

C-21 Affiliated - Jackson License #6501371827 Listed on: 05/11/2021

Co-Listed By

John O'Dowd

JOD REAL ESTATE GROUP License #6506048727

Last Buyer's Agent

Christy Cottingham

ERA REARDON REALTY, L.L.C. License #6501392484

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,541

Year Built

  • Built in 1981

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 120x222

Parking

  • Paved Parking

Home Design

  • Vinyl Siding

Basement

  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,640
  • Net Operating Income $28,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,541

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1981
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 120x222
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 3540.98
  • Waterfront Options:Water Access YN: No Water Selection
  • General Property Info:Total _pound_ Units: 2
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Location Property Info:Subdivision2: None
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 149900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Well
  • Water Well: Yes

Association/Amenities

  • Association Info:Assoc Fee Payable: None

Lot Info

  • Lot Size Acres: 0.61
  • Lot Size Area: 0.61
  • Lot Dimensions: 120x222
  • Lot Size Sq Ft: 26571.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Net Operating Income: 28680.0
  • Number of Units Total: 2
  • Operating Expense: 7640.0

Tax Info

  • Tax Annual Amount: 3540.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jul 1, 2021
Sold by
Beckman Jeffrey and Beckman Morgan
Bought by
Roundball Real Estaet Llc
Seller's Agent
Molly Kennedy
C-21 Affiliated - Jackson
Buyer's Agent
Christy Cottingham
ERA REARDON REALTY, L.L.C.
Sold Price
$150,000
Current Estimated Value
$220,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,330
Avg. Annual Appreciation
8.92%
Original Mortgage
$112,500
Outstanding Balance
$102,076
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$118,254

Purchase Details

Listed on
Jan 30, 2019
Closed on
Jun 20, 2019
Sold by
Scholl Properties & Rentals Llc
Bought by
Sinkovitz Matthew and Sinkovitz Elizabeth
Seller's Agent
Ben Latocki
Production Realty
Buyer's Agent
Molly Kennedy
C-21 Affiliated - Jackson
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$97,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2010
Sold by
Mike Scholl Builders Inc
Bought by
Schooll Properties & Rentals Llc

Purchase Details

Closed on
Feb 25, 2009
Sold by
Citizens Bank
Bought by
Mike School Builders Inc

Purchase Details

Closed on
Jun 10, 2008
Sold by
Jkh & Associates Llc
Bought by
Citizens Bank

Purchase Details

Closed on
Sep 8, 2005
Sold by
Mickeys Llc
Bought by
Jkh & Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 1997
Sold by
Cummings Gary W and Cummings Mary H
Bought by
Mickey'S L.L.C.
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
Roundball Real Estaet Llc -- None Available
Beckman Jeffrey $150,000 None Available
Sinkovitz Matthew $130,000 Midstate Ttl Agcy Of Aouther
Schooll Properties & Rentals Llc -- None Available
Mike School Builders Inc $50,000 Mst
Citizens Bank -- Commercial Title Services
Jkh & Associates Llc $950,000 --
Mickey'S L.L.C. $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beckman Jeffrey $112,500
Previous Owner Sinkovitz Matthew $97,500
Previous Owner Jkh & Associates Llc $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2021 07/01/21 Sold $150,000 +15.4% --
05/17/2021 05/17/21 Pending -- -- --
06/24/2019 06/24/19 Sold $130,000 -- -- View Prior Sale
05/06/2019 05/06/19 Pending -- -- --
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 $4,534 $104,200 $0 $0
2024 $3,286 $99,000 $0 $0
2023 $3,217 $91,100 $0 $0
2022 $4,317 $73,000 $0 $0
2021 $3,586 $69,640 $0 $0
2020 $3,541 $62,150 $0 $0
2019 $2,670 $59,760 $0 $0
2018 $2,643 $53,910 $13,320 $40,590
2017 $2,531 $54,160 $0 $0
2016 $1,909 $54,160 $14,460 $39,700
2015 $44,551 $48,650 $48,650 $0
2014 $44,551 $46,250 $0 $0
2013 -- $46,250 $46,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Molly Kennedy

    Seller's Agent in 2021

    Molly Kennedy

    C-21 Affiliated - Jackson

    (517) 888-0050

    58 Total Sales

    Molly Kennedy
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John O'Dowd

    JOD REAL ESTATE GROUP

  • C

    Buyer's Agent in 2021

    Christy Cottingham

    ERA REARDON REALTY, L.L.C.

    (517) 937-0826

    92 Total Sales

    Christy Cottingham
    Section Image
  • Ben Latocki

    Seller's Agent in 2019

    Ben Latocki

    Production Realty

    (517) 812-0009

    23 Total Sales

    Ben Latocki
    Section Image
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Map

Source: MichRIC

MLS Number: 21095246

MichRIC

APN: 135-12-08-476-014-00

Michigan Jackson County Parma 49269

2914 Chapel Rd, Parma, MI

Not Listed for Sale

MultiFamily

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