NOT LISTED FOR SALE

314 Elm St Adrian, MI 49221

Estimated Value: $73,240 - $141,000

2 Beds
2 Baths
1,402 Sq Ft
$83/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $27,500 $20 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $900/month

112 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Attached Garage
  • Corner Lot
  • Porch
  • Forced Air Heating System

About This Home

As of October 2022

This duplex offers a vacant upstairs 1 BR efficiency apartment with a large living room,dining room,bedroom,bath and kitchen. Downstairs offers 1 BR main floor apartment with a large livingroom , dining room,large eat in kitchen with ample cabinetry and first floor laundry. Downstairs’ apartment is rented month to month. Tenant rights apply.

Last Agent to Sell the Property

Lorraine Morgan

Heart O' The Hills Realty License #LCAR-6501342563 Listed on: 06/29/2022

Last Buyer's Agent

Greg Brown

Foundation Realty, LLC-Tecumseh License #LCAR-6501338486

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 67 x 64
  • Fenced Yard
  • Corner Lot

Parking

  • Attached Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Michigan Basement
  • Stone Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Liquid Propane Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0205900100

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Fixer-Upper
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1425.13
  • Total Tax Year: 2021
  • Year Built: 1890
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: MI Basement, Stone
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior Features: Fenced Yard, Porch, Sidewalks, Street Lights
  • Frontage: 67
  • Sideof Street: E
  • Foundation Type: Basement
  • Roads: City/County, Curbed, Paved Street

Garage/Parking

  • Garage Type: Attached Garage

Utilities

  • Water: Community
  • Water Heater: Propane Hot Water
  • Fuel Type: Oil
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0205900100
  • Location: Corner Lot, Main Street
  • Lot Dimensions: 67 x 64
  • Acreage: 0.1
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Trash Removal, Water/Sewer

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,045.54
  • Winter Tax: Year: 2021, Amount: $379.59
  • Total Tax: Year: 2021, Amount: $1,425.13

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2005
Sold by
Wells Fargo Bank Na
Bought by
Pami Adrian Llc
Current Estimated Value
$116,413
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
Pami Adrian Llc $955,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2022 10/25/22 Sold $27,500 -31.1% $20 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $39,900 -16.7% $28 / Sq Ft
07/29/2022 07/29/22 Price Changed $47,900 -20.0% $34 / Sq Ft
06/29/2022 06/29/22 For Sale $59,900 -- $43 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,414 $45,400 $0 $0
2024 $2,213 $41,700 $0 $0
2023 $2,525 $37,400 $0 $0
2022 $1,410 $33,900 $0 $0
2021 $1,385 $31,000 $0 $0
2020 $1,376 $28,900 $0 $0
2019 $62,790 $26,200 $0 $0
2018 $1,327 $30,696 $0 $0
2017 $1,289 $24,339 $0 $0
2016 $1,279 $22,677 $0 $0
2014 -- $23,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lorraine Morgan

    Seller's Agent in 2022

    Lorraine Morgan

    Heart O' The Hills Realty

    (517) 403-9013

    34 in this area

    125 Total Sales

    Lorraine Morgan
    Section Image
  • Greg Brown

    Buyer's Agent in 2022

    Greg Brown

    Foundation Realty, LLC-Tecumseh

    (517) 673-8902

    10 in this area

    34 Total Sales

    Greg Brown
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50080939

Michigan Multiple Listing Service

APN: XA0-205-9001-00

Michigan Lenawee County Adrian 49221

314 Elm St, Adrian, MI

Not Listed for Sale

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