NOT LISTED FOR SALE

Estimated Value: $307,095

5 Beds
5 Baths
99,999 Sq Ft
$3/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $245,000 $2 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,104/month

325 Days on Market

About This Home

As of August 2020

Fully occupied 5 unit apartment building right across the street from the water, most rents are below market rates, all leases are month to month with several long term tenants, surrounded by commercial properties, use as rental property or there may be a much better highest and best use of the land, lots of opportunity, 1/3 acre corner lot, all separate gas and electric, owner pays water, owner is licensed real estate broker in the state of MI, also listed as commercial listing(219078946), tenants unaware of sale, do not disturb

Last Agent to Sell the Property

Randy Palmer

Palmer Realty Services LLC License #6502398245 Listed on: 08/03/2019

Last Buyer's Agent

George Stathakis

Coldwell Banker Weir Manuel-Plymouth License #RCO

Coldwell Banker Weir Manuel-Plymouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1965

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 86.00x160.00

Home Design

  • Block Foundation
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 5 Full Bathrooms
  • 99,999 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 5 Units
  • Campau's Macomb Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1216155005
  • $3,500 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,981

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1965
  • State Equalized Value: 95100.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Sq Ft Combined: 99999
  • Total Sq Ft: 99999

Exterior Features

  • Foundation Details: Crawl, Slab
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 86
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Wall/Floor Furnace
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Schools

  • School District: Lanse Creuse

Lot Info

  • List Price per Acre: 899666.6667
  • Lot Size Area: 0.30
  • Lot Dimensions: 86.00X160.00
  • Parcel Number: 1216155005
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2900

Tax Info

  • Tax Amount Summer: 3134.0000
  • Tax Amount Winter: 847.0000
  • Total Tax: 3981.0000
  • Taxable Value: 78644.0000

Multi Family

  • Gross Scheduled Income: 34800.00
  • Number Of Units Total: 5
  • Unit Count: 1
  • Number of One Bedroom Units: 5
  • Number Of Units Leased: 5

MLS Schools

  • School District: Lanse Creuse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2019
Closed on
Aug 31, 2020
Sold by
30000 South River Llc
Bought by
Le Vele Llc
Seller's Agent
Randy Palmer
Palmer Realty Services LLC
Buyer's Agent
George Stathakis
Coldwell Banker Weir Manuel-Plymouth
List Price
$299,900
Sold Price
$245,000
Premium/Discount to List
-$54,900
-18.31%
Current Estimated Value
$307,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,095
Avg. Annual Appreciation
4.62%
Original Mortgage
$183,750
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 3, 2019
Closed on
Jul 23, 2020
Sold by
Becker Family Trust
Bought by
30000 South River Llc
Seller's Agent
Randy Palmer
Palmer Realty Services LLC
Buyer's Agent
George Stathakis
Coldwell Banker Weir Manuel-Plymouth
List Price
$299,900
Sold Price
$245,000
Premium/Discount to List
-$54,900
-18.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2018
Sold by
Becker Gloria
Bought by
Becker Family Trust

Purchase Details

Closed on
Feb 18, 2011
Sold by
Gucciardo Anthony and Gucciardo Virginia
Bought by
Becker Family Trust

Purchase Details

Closed on
Nov 18, 2004
Sold by
Becker Craig D
Bought by
Becker Family Trust

Purchase Details

Closed on
Dec 3, 2003
Sold by
West Kathleen M and West William L
Bought by
Gucciardo Anthony and Becker Craig D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 1999
Sold by
Ameloot David R
Bought by
West Kathleen M
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
Le Vele Llc $245,000 Chirco Title Agency Inc
30000 South River Llc $150,000 None Available
Becker Family Trust -- None Available
Becker Family Trust -- None Available
Becker Family Trust -- --
Gucciardo Anthony $217,500 Lawyers Title Insurance Co
West Kathleen M $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Vele Llc $226,900
Previous Owner Le Vele Llc $183,750
Previous Owner Gucciardo Anthony $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $245,000 -9.2% $2 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $269,900 -3.6% $3 / Sq Ft
02/07/2020 02/07/20 Price Changed $279,900 -6.7% $3 / Sq Ft
08/03/2019 08/03/19 For Sale $299,900 0.0% $3 / Sq Ft
06/07/2016 06/07/16 Rented $500 0.0% --
06/06/2016 06/06/16 Under Contract -- -- --
04/14/2016 04/14/16 For Rent $500 0.0% --
11/07/2015 11/07/15 Rented $500 +11.1% --
10/14/2015 10/14/15 For Rent $450 -- --
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 $5,213 $131,100 $0 $0
2024 $4,111 $131,100 $0 $0
2023 $3,913 $113,600 $0 $0
2022 $4,727 $113,600 $0 $0
2021 $4,573 $88,000 $0 $0
2020 $3,602 $88,000 $0 $0
2019 $4,303 $85,200 $0 $0
2018 $3,909 $95,100 $0 $0
2017 $3,844 $108,080 $0 $108,080
2012 $3,707 $73,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219078942

Realcomp

APN: 17-12-16-155-005