NOT LISTED FOR SALE

311 1st St Jackson, MI 49201

Downtown Jackson Neighborhood

Estimated Value: $75,000

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

Last Sold November 05, 2018

Last sale price $45,000

Est. 67% increase in value since last sale

Current estimated payment $461/month

17 Days on Market

About This Home

As of November 2018

Same owner for over 20 years is now retiring. 13 Units, 5 Houses to be sold all together for $225,000. Properties wrap the corner of First and Wesley. Packaged price includes 311 1st (3 unit); 313 1st (2 unit); 342 W Wesley (3 unit); 336 W Wesley (2 unit); 334 W Wesley (3 unit). All properties are city certified. Great investment opportunity here!

Last Agent to Sell the Property

John O'Dowd

JOD REAL ESTATE GROUP License #6506048727 Listed on: 10/03/2018

Co-Listed By

Susan Mulvaney

Century 21 Affiliated - Jackson License #6501183544

Last Buyer's Agent

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $857

Year Built

  • Built in 1890

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 64x130

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water

Community Details

Overview

  • 3 Units
  • Livermore Wood Subdivision

Building Details

  • Operating Expense $8,694
  • Net Operating Income $35,253

Property Details

Home Type

Apartment

Est. Annual Taxes

$857

Year Built

Built in 1890

Lot Details

8,276 Sq Ft Lot

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

Interior Features

  • Basement: Full

Exterior Features

  • List Price: 47000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 64x130

Rental Info

  • Owner Pays: Water

Multi Family

  • Net Operating Income: 35253.0
  • Number of Units Total: 3
  • Operating Expense: 8694.0

Tax Info

  • Tax Annual Amount: 856.62
  • Tax Year: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2019
Sold by
Capital Midwest Holdings Llc
Bought by
New View Properties Llc
Current Estimated Value
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,200
Outstanding Balance
$189,280
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 3, 2018
Closed on
Nov 5, 2018
Sold by
Schweda Edward J and Schweda Diane
Bought by
Capital Midwest Holdings Llc
Seller's Agent
John O'Dowd
JOD REAL ESTATE GROUP
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$45,000

Purchase Details

Closed on
Oct 19, 1998
Sold by
Giordano Virginia and Johns John H
Bought by
Schweda Edward J and Schweda Diane I
Source: Public Records
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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
New View Properties Llc $299,000 None Available
Capital Midwest Holdings Llc $225,000 None Available
Schweda Edward J $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New View Properties Llc $243,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2018 11/05/18 Sold $45,000 -- --
10/20/2018 10/20/18 Pending -- -- --
Source: MichRIC

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
2022 $1,521 $26,000 $0 $0
2021 $1,503 $23,450 $0 $0
2020 $1,487 $21,000 $0 $0
2019 $1,108 $16,250 $0 $0
2018 $857 $12,900 $0 $0
2017 $851 $12,500 $0 $0
2016 $851 $13,400 $13,400 $0
2015 $831 $14,200 $14,200 $0
2014 $831 $13,400 $13,400 $0
2013 -- $13,400 $13,400 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    John O'Dowd

    JOD REAL ESTATE GROUP

  • S

    Seller Co-Listing Agent in 2018

    Susan Mulvaney

    Century 21 Affiliated - Jackson

    (517) 414-0444

    5 Total Sales

    Susan Mulvaney
    Section Image

  • D

    Buyer's Agent in 2018

    Doug Beiswanger

    Coldwell Banker Beiswanger Realty Group

    Section Image
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Map

Source: MichRIC

MLS Number: 21034929

MichRIC

APN: 4-037000000

Michigan Jackson County Jackson 49201 Downtown Jackson

311 1st St, Jackson, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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