NOT LISTED FOR SALE

308 Lake St Howell, MI 48843

Estimated Value: $384,000 - $444,651

6 Beds
5 Baths
2,706 Sq Ft
$153/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $235,000 $87 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,724/month

62 Days on Market

Highlights

  • 0.39 Acre Lot
  • Lobby
  • 4-minute walk to McPherson Park
  • Covered patio or porch

About This Home

As of August 2019

This is a well cash-flowing 5 unit in the heart of Howell's Historic Piety Hill neighborhood. Great Location just 3 blocks from downtown Howell and down the street from Thompson Lake and Paige Field. There is plenty of up-side in rents for the new owner to actualize and steadily increase their return. All 5 tenants have been at the property 3+ years. On Site coin-laundry.

Last Agent to Sell the Property

Jon Stewart

3DX Real Estate-Brighton License #6501353523 Listed on: 06/18/2019

3DX Real Estate-Brighton

Last Buyer's Agent

Jon Stewart

3DX Real Estate-Brighton License #6501353523 Listed on: 06/18/2019

3DX Real Estate-Brighton

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 111.00x152.00

Parking

  • On-Street Parking

Home Design

  • Stone Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 5 Full Bathrooms
  • 2,706 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Covered patio or porch

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Shared Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1736201054

Community Details

Overview

  • 5 Units
  • Mc Pherson's Add Subdivision

Amenities

  • Lobby

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2706
  • Total Sq Ft: 2706
  • Sq Ft Total Bsmt: 1400

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Poured, Stone
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Separate Meters, Wall/Floor Furnace
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Common, Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Howell

Lot Info

  • List Price per Acre: 692051.2821
  • Lot Size Area: 0.39
  • Lot Dimensions: 111.00X152.00
  • Parcel Number: 1736201054
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 2950

Tax Info

  • Tax Amount Summer: 5617.0000
  • Tax Amount Winter: 705.0000
  • Total Tax: 6322.0000

Multi Family

  • Gross Scheduled Income: 36600.00
  • Number Of Units Total: 5
  • Unit Count: 5
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 5

MLS Schools

  • School District: Howell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2022
Sold by
308 Lake Howell Llc
Bought by
Merkel Real Estate 5 Llc
Total Days on Market
62
Current Estimated Value
$415,163

Purchase Details

Closed on
Nov 6, 2020
Sold by
Ashton Gangnier and Gangnier Jeffrey
Bought by
308 Lake Howell Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2019
Closed on
Aug 30, 2019
Sold by
Gangnier Ashton
Bought by
Gagnier Ashton and Gagnier Jeffrey
Seller's Agent
Jon Stewart
3DX Real Estate-Brighton
Buyer's Agent
Jon Stewart
3DX Real Estate-Brighton
List Price
$269,900
Sold Price
$235,000
Premium/Discount to List
-$34,900
-12.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%

Purchase Details

Closed on
Aug 3, 2016
Sold by
Brockway Vern F and Brockway Lana W
Bought by
308 Lake Llc
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
Merkel Real Estate 5 Llc $380,000 Liberty Title
308 Lake Howell Llc -- Mcveigh Patrick A
Gagnier Ashton -- Liberty Title
Gangier Ashton $235,000 Liberty Title
308 Lake Llc $180,000 Liberty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merkel Real Estate Llc $2,850,000
Previous Owner 308 Lake Howell Llc $225,000
Previous Owner Brockway Vern F $947,890
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $235,000 -12.9% $87 / Sq Ft
08/19/2019 08/19/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $269,900 -- $100 / 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 $6,250 $159,300 $0 $0
2023 $5,964 $120,400 $0 $0
2022 $6,865 $136,500 $0 $0
2021 $6,732 $136,600 $0 $0
2020 $6,714 $118,900 $0 $0
2019 $5,912 $104,200 $0 $0
2018 $6,322 $110,300 $0 $0
2017 $6,335 $110,300 $0 $0
2016 $5,321 $107,700 $0 $0
2014 $4,739 $106,200 $0 $0
2012 $4,739 $90,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219058850

Realcomp

APN: 17-36-201-054