NOT LISTED FOR SALE

309 3rd St Jackson, MI 49201

Under the Oaks Neighborhood

Estimated Value: $145,362

6 Beds
5 Baths
4,424 Sq Ft
$33/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $140,000 $32 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $904/month

497 Days on Market

Highlights

  • Forced Air Heating System
  • Sharp Park Academy Rated A-
  • 3-minute walk to Under the Oaks

About This Home

As of August 2019

5 Unit available! 4 unit apartment building plus single family 2 bedroom home. Exceptional well maintained. Close to town and shopping. Gross income $30,000 yearly. MO/MO Leases.

Last Agent to Sell the Property

Sharon Norton

RE/MAX MID-MICHIGAN R.E. License #6501286070 Listed on: 02/26/2018

RE/MAX MID-MICHIGAN R.E.

Last Buyer's Agent

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

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,250

Year Built

  • Built in 1920

Lot Details

  • 9,148 Sq Ft Lot

Utilities

  • Forced Air Heating System
  • Space Heater

Community Details

  • Net Operating Income $30,300

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,250

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 150000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9147.6

Rental Info

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

Multi Family

  • Net Operating Income: 30300.0

Tax Info

  • Tax Annual Amount: 2250.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2018
Closed on
Aug 30, 2019
Sold by
M & M Rentals Llc
Bought by
Casey Dee Number I Llc
Seller's Agent
Sharon Norton
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$140,000
Current Estimated Value
$145,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,362
Avg. Annual Appreciation
0.59%
Original Mortgage
$126,000
Outstanding Balance
$110,592
Interest Rate
3.7%
Mortgage Type
Seller Take Back
Estimated Equity
$34,770

Purchase Details

Closed on
Nov 11, 2008
Sold by
Majchrowski Karen R and Meek Tamela S
Bought by
M & M Rentals Llc

Purchase Details

Closed on
Jun 13, 2008
Sold by
Hammond Rental Properties Llc
Bought by
Meek Tamela S and Majchrowski Karen R
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
Casey Dee Number I Llc $140,000 None Available
M & M Rentals Llc -- None Available
Meek Tamela S $127,000 At
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casey Dee Number I Llc $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $140,000 -- $32 / Sq Ft
07/08/2019 07/08/19 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 $10,163 $142,200 $0 $0
2024 $8,288 $139,600 $0 $0
2023 $7,727 $129,200 $0 $0
2022 $5,326 $83,300 $0 $0
2021 $5,270 $74,550 $0 $0
2020 $6,396 $90,350 $0 $0
2019 $2,573 $38,950 $0 $0
2018 $2,455 $40,500 $0 $0
2017 $2,250 $42,150 $0 $0
2016 $1,940 $43,700 $43,700 $0
2015 $2,609 $34,650 $34,650 $0
2014 $2,609 $42,050 $42,050 $0
2013 -- $42,050 $42,050 $0
Source: Public Records

Agents Affiliated with this Home

  • Sharon Norton

    Seller's Agent in 2019

    Sharon Norton

    RE/MAX Michigan

    (517) 789-9945

    85 Total Sales

    Sharon Norton
    Section Image

  • N

    Buyer's Agent in 2019

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

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: MichRIC

MLS Number: 21035038

MichRIC

APN: 3-010900000

Michigan Jackson County Jackson 49201 Under the Oaks

309 3rd St, Jackson, MI

Not Listed for Sale

MultiFamily

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