NOT LISTED FOR SALE

305 S Lincoln St Bay City, MI 48708

Estimated Value: $91,000 - $115,000

4 Beds
2 Baths
1,969 Sq Ft
$53/Sq Ft Est. Value

Last Sold May 18, 2022

Last sale price $72,700 $37 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $736/month

18 Days on Market

About This Home

As of May 2022

HIGHEST AND BEST OFFERS DUE BY 6:00PM ON 4/22. Attention investors!!! Today's lucrative rental rates make this property worth a look! Upper unit has 2 bedrooms with a den/office that could be a possible 3rd bedroom. The upper does need new flooring throughout. Lower unit is also a 2 bedroom and seller has new flooring for the living room for you to install. Both units have central air units that are 7 years old and the lower has a Trane high efficiency furnace also 7 years old. Both units include range, refrigerator, washer and dryer. GAS AND ELECTRIC ARE SEPARATE for each unit and paid by tenant. Owner pays water/sewer/trash which averages approx $150/mo. This property also offers vinyl siding and windows, a 2 year old asphalt driveway and a vinyl, privacy fenced backyard with a storage shed. Lower tenants would like to stay.

Last Agent to Sell the Property

John Johnson

RE/MAX Results License #BCRA-6506031293 Listed on: 04/19/2022

RE/MAX Results

Last Buyer's Agent

Brittani Purman

Real Estate One Great Lakes Bay License #SBR-6501436922

Real Estate One Great Lakes Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 102
  • Fenced Yard

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units
  • Wm D Fitzhugh & Henry J H Schutjes Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 160-028-430-006-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,327

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Originating MLS: Bay County REALTOR Association
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1415
  • Year Built: 1920
  • Mail City: Bay City
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block, Full
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Fenced Yard, Sidewalks
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 160-028-430-006-00
  • Lot Dimensions: 50 x 102
  • Acreage: 0.12
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Water Included

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,267.00
  • Winter Tax: Year: 2021, Amount: $148.00
  • Total Tax: Amount: $1,415.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Bay City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2014
Sold by
Jacobs Debra K
Bought by
Hartfelder Lisa A and Jacobs Debra K
Current Estimated Value
$103,413

Purchase Details

Listed on
Jul 26, 2012
Closed on
Jul 9, 2014
Sold by
Voisine Yvonne G and Voisine Richard W
Bought by
Jacobs Debra K
Seller's Agent
Lisa Schroeder
Bay Area Real Estate
Buyer's Agent
John Johnson
RE/MAX Results
List Price
$54,900
Sold Price
$54,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$53,902
Outstanding Balance
$40,980
Interest Rate
4.11%
Mortgage Type
FHA
Estimated Equity
$62,433

Purchase Details

Closed on
Nov 2, 1987
Sold by
Peppel Marshall O and Peppel Irene
Bought by
Voisine Richard W and Voisine Yvonne G
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
Hartfelder Lisa A -- None Available
Jacobs Debra K $54,900 First American Title Ins Co
Voisine Richard W $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs Debra K $53,902
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2022 05/18/22 Sold $72,700 +21.2% $37 / Sq Ft
05/07/2022 05/07/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $60,000 +9.3% $30 / Sq Ft
07/09/2014 07/09/14 Sold $54,900 0.0% $28 / Sq Ft View Prior Sale
06/06/2014 06/06/14 Pending -- -- --
07/26/2012 07/26/12 For Sale $54,900 -- $28 / Sq Ft
Source: Bay County Realtor® Association MLS

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 $2,327 $45,050 $0 $0
2024 $2,032 $36,150 $0 $0
2023 $2,037 $33,900 $0 $0
2022 $1,491 $28,050 $0 $0
2021 $1,414 $26,000 $26,000 $0
2020 $1,067 $22,700 $22,700 $0
2019 $1,044 $21,550 $0 $0
2018 $1,046 $21,300 $0 $0
2017 $1,033 $21,050 $0 $0
2016 $1,120 $22,750 $0 $22,750
2015 $1,994 $26,400 $0 $26,400
2014 $1,994 $32,250 $0 $32,250
Source: Public Records

Agents Affiliated with this Home

  • John Johnson

    Seller's Agent in 2022

    John Johnson

    RE/MAX Michigan

    (989) 233-3000

    41 in this area

    107 Total Sales

    John Johnson
    Section Image
  • Brittani Purman

    Buyer's Agent in 2022

    Brittani Purman

    Real Estate One Great Lakes Bay

    (989) 898-1569

    6 in this area

    78 Total Sales

    Brittani Purman
    Section Image

  • L

    Seller's Agent in 2014

    Lisa Schroeder

    Bay Area Real Estate

    Section Image
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Map

Source: Bay County Realtor® Association MLS

MLS Number: 50071158

Bay County Realtor® Association MLS

APN: 09-160-028-430-006-00

Michigan Bay County Bay City 48708

305 S Lincoln St, Bay City, MI

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