NOT LISTED FOR SALE

304 E James St Lawrence, MI 49064

Estimated Value: $94,000 - $189,000

4 Beds
2 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold March 22, 2017

Last sale price $23,900

Est. 510% increase in value since last sale

Current estimated payment $874/month

31 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Lawrence Park

About This Home

As of March 2017

2 unit in the downtown area of Lawrence. Separate gas and electric meters. West unit has been recently updated and shows very well. East unit will require a little rehab. Great investment. Last rents were $450 and $400 per month. This is a Fannie Mae Homepath property

Last Agent to Sell the Property

Brian Newton

Sunrise Real Estate, Inc. License #6502412621 Listed on: 01/30/2017

Last Buyer's Agent

Brian Newton

Sunrise Real Estate, Inc. License #6502412621 Listed on: 01/30/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 82x77

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected

Community Details

  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tenant pays for gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 17.74
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82x77
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1087.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Substructure:Crawl Space: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 26500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1087.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2016
Sold by
Rhoda Derek B and Rhoda Charlene A
Bought by
Federal National Mortgage Association
Current Estimated Value
$145,885

Purchase Details

Closed on
Mar 22, 2005
Sold by
Millword David and Millword David W
Bought by
Rhoda Derek B and Rhoda Charlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,763
Interest Rate
5.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 14, 1997
Sold by
Nance Lorine
Bought by
Millword David
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
Federal National Mortgage Association $47,334 Attorney
Rhoda Derek B $53,500 Chicago Title
Millword David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhoda Derek B $47,763
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2017 03/22/17 Sold $23,900 -9.8% --
03/02/2017 03/02/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $26,500 -- --
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 $1,327 $49,200 $0 $0
2024 $721 $41,000 $0 $0
2023 $687 $35,600 $0 $0
2022 $1,607 $31,500 $0 $0
2021 $1,545 $22,900 $3,300 $19,600
2020 $1,417 $22,900 $3,300 $19,600
2019 $1,391 $21,600 $21,600 $0
2018 $1,357 $20,500 $20,500 $0
2017 $1,083 $16,200 $0 $0
2016 $1,085 $21,800 $0 $0
2015 $625 $21,800 $0 $0
2014 $621 $20,600 $0 $0
2013 -- $21,600 $21,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Newton

    Seller's Agent in 2017

    Brian Newton

    Sunrise Real Estate, Inc.

    (269) 921-4551

    2 in this area

    214 Total Sales

    Brian Newton
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Map

Source: MichRIC

MLS Number: 17003414

MichRIC

APN: 80-44-112-005-50

Michigan Van Buren County Lawrence 49064

304 E James St, Lawrence, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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