NOT LISTED FOR SALE

307 W Morrell St Jackson, MI 49203

Flat Iron Neighborhood

Estimated Value: $71,000 - $194,000

4 Beds
2 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold December 31, 2020

Last sale price $48,000

Est. 124% increase in value since last sale

Current estimated payment $746/month

56 Days on Market

About This Home

As of December 2020

Large up & down Duplex in the city of Jackson features 2 bedrooms up & 2 bedrooms down both units occupied. New roof on this nice looking building. Please give at least 24 hour notice to show. Tenants pay their own Gas Owner pays Electric.

Last Agent to Sell the Property

George Copp

ERA REARDON REALTY, L.L.C. License #6502352375 Listed on: 08/24/2020

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

NON-MBR 'SOLD' NON-MBR 'SOLD'

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $939

Year Built

  • Built in 1890

Lot Details

  • 8,276 Sq Ft Lot

Utilities

  • Forced Air Heating System
  • Space Heater

Community Details

Overview

  • Harwoods Addition Subdivision

Building Details

  • Operating Expense $5,244
  • Gross Income $15,600
  • Net Operating Income $25,956

Property Details

Home Type

Apartment

Est. Annual Taxes

$939

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 48000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.4

Multi Family

  • Gross Income: 15600.0
  • Net Operating Income: 25955.84
  • Operating Expense: 5244.16

Tax Info

  • Tax Annual Amount: 939.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Feb 11, 2021
Sold by
Pendleton John L and Pendleton Jasmine
Bought by
Pendleton Investment Group Llc
Seller's Agent
George Copp
ERA REARDON REALTY, L.L.C.
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$48,000
Current Estimated Value
$107,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,585
Avg. Annual Appreciation
17.48%

Purchase Details

Closed on
Jan 22, 2020
Sold by
Jjag Investment Group Llc
Bought by
Pendleton John L and Pendleton Jasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
2.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2004
Sold by
Pestana Richard and Cohen Nathan
Bought by
Jag Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Pendleton Investment Group Llc -- None Available
Pendleton John L $48,000 Midstate Ttl Agcy Of Souther
Jag Investment Group Llc -- --
Pestana Richard $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pendleton John L $36,000
Previous Owner Pestana Richard $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $48,000 -- --
10/19/2020 10/19/20 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 $2,212 $37,000 $0 $0
2024 $19 $35,600 $0 $0
2023 $1,836 $30,700 $0 $0
2022 $1,640 $25,400 $0 $0
2021 $1,622 $22,950 $0 $0
2020 $965 $20,850 $0 $0
2019 $939 $16,100 $0 $0
2018 $896 $13,200 $0 $0
2017 $821 $12,800 $0 $0
2016 $745 $13,800 $13,800 $0
2015 $813 $13,900 $13,900 $0
2014 $813 $13,100 $0 $0
2013 -- $13,100 $13,100 $0
Source: Public Records

Agents Affiliated with this Home

  • George Copp

    Seller's Agent in 2020

    George Copp

    ERA REARDON REALTY, L.L.C.

    (517) 474-2372

    1 in this area

    65 Total Sales

    George Copp
    Section Image

  • N

    Buyer's Agent in 2020

    NON-MBR 'SOLD' NON-MBR 'SOLD'

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: MichRIC

MLS Number: 21034624

MichRIC

APN: 4-118300000

Michigan Jackson County Jackson 49203 Flat Iron

307 W Morrell St, Jackson, MI

Not Listed for Sale

MultiFamily

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