NOT LISTED FOR SALE

305 S Walnut St Howell, MI 48843

Estimated Value: $279,000 - $344,000

4 Beds
3 Baths
2,565 Sq Ft
$120/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $217,000 $85 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,165/month

14 Days on Market

Highlights

  • Covered patio or porch
  • Ceiling Fan
  • Laundry Facilities
  • Forced Air Zoned Heating System
  • Private Entrance
  • 5-minute walk to Howell Summit Gardens

About This Home

As of June 2021

If you are looking for an investment property in Downtown Howell with a record of great monthly income, look no further! This 3-unit building has been consistently rented for the past decade and owners currently receive $2,175/mo. in rental income - which is a bit lower than what it likely could be now. Each apartment has been well-maintained and the building has a lot of updates including: new roof (2020), new bathroom (Apt. 2 - 2020), new paint and carpet (Apt. 2 - 2020), new furnace (Apt. 2 - 2019), new hot water heater (Apt. 3 - 2020). Other updates in past 10 years include countertops and flooring in Apt. 1, paint throughout and furnaces, majority of plumbing upgraded to PEX tubing. Always attracts great tenants since it is just two blocks from the award-winning downtown. Listing agents are owners.

Last Listed By

Mike Batten

KW Realty Livingston License #6501394088 Listed on: 04/29/2021

KW Realty Livingston

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1890 | Remodeled in 2010

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 132.00x109.00
  • Private Entrance

Home Design

  • Triplex
  • Brick Foundation
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,565 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 1736303003

Community Details

Overview

  • 3 Units
  • Crane & Brooks Add Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,412

Year Built

Built in 1890 | Remodeled in 2010

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Year Built: 1890
  • State Equalized Value: 96800.0000
  • Year Renovated: 2010
  • Foundation Features: Sump Pump
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 2565
  • Total Sq Ft: 2565
  • Sq Ft Total Bsmt: 1125

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement, Michigan Basement
  • Construction Materials: Aluminum
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Block, Brick/Mortar
  • Frontage Feet: 132
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street, Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Separate Meters, Zoned
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Howell

Lot Info

  • List Price per Acre: 817878.7800
  • Lot Size Area: 0.33
  • Lot Dimensions: 132.00X109.00
  • Parcel Number: 1736303003
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2175

Tax Info

  • Tax Amount Summer: 3926.0000
  • Tax Amount Winter: 486.0000
  • Total Tax: 4412.0000
  • Taxable Value: 78128.0000

Multi Family

  • Gross Scheduled Income: 26100.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Howell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jul 27, 2021
Sold by
Thomas Stark
Bought by
Bnb Properties
Seller's Agent
Mike Batten
KW Realty Livingston
Buyer's Agent
Bill Maniaci
KW Realty Livingston
List Price
$269,900
Sold Price
$217,000
Premium/Discount to List
-$52,900
-19.6%
Total Days on Market
14
Current Estimated Value
$308,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,937
Avg. Annual Appreciation
9.38%

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jun 17, 2021
Sold by
Batten Michael and Batten Angelle
Bought by
Stark Thomas
Seller's Agent
Mike Batten
KW Realty Livingston
Buyer's Agent
Bill Maniaci
KW Realty Livingston
List Price
$269,900
Sold Price
$217,000
Premium/Discount to List
-$52,900
-19.6%

Purchase Details

Closed on
Mar 8, 2021
Sold by
Slick Thomas M
Bought by
Batten Michael and Batten Angelle

Purchase Details

Closed on
Jan 20, 2021
Sold by
Slick Diane M
Bought by
Batten Michael and Batten Angelle

Purchase Details

Closed on
Aug 28, 2012
Sold by
Nlj Properties Llc
Bought by
Batten Michael and Batten Angella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2011
Sold by
Batten Michael and Batten Angelle Marie
Bought by
Nlj Properties Llc

Purchase Details

Closed on
Jul 29, 2010
Sold by
Federal National Mortgage Association
Bought by
Batten Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
4.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 30, 2001
Sold by
Nolan Mary
Bought by
Slick Thomas M and Slick Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2001
Sold by
Nolan Mark W
Bought by
Nolan Mary

Purchase Details

Closed on
Jan 12, 2000
Sold by
Victorian Enterprises
Bought by
Nolan Mark W and Nolan Mary

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
Bnb Properties -- None Listed On Document
Bnb Properties -- None Listed On Document
Stark Thomas $217,000 Tri County Title
Batten Michael -- None Available
Batten Michael -- None Available
Batten Michael -- --
Nlj Properties Llc -- --
Batten Michael $86,000 --
Slick Thomas M $160,000 American Title Co
Nolan Mary -- American Title Co
Nolan Mark W $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Batten Michael $106,400
Previous Owner Batten Michael $77,000
Previous Owner Batten Michael $64,500
Previous Owner Slick Thomas M $184,000
Previous Owner Slick Thomas M $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $217,000 -19.6% $85 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $269,900 -- $105 / Sq Ft
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
2024 $5,232 $132,400 $0 $0
2023 $4,993 $100,800 $0 $0
2022 $5,982 $111,600 $0 $0
2021 $4,350 $110,700 $0 $0
2020 $4,412 $96,800 $0 $0
2019 $4,350 $84,700 $0 $0
2018 $4,431 $87,900 $0 $0
2017 $4,212 $87,900 $0 $0
2016 $4,197 $82,900 $0 $0
2014 $4,541 $75,100 $0 $0
2012 $4,541 $71,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210029595

Realcomp

APN: 17-36-303-003