NOT LISTED FOR SALE

314 Oak St Niles, MI 49120

Estimated Value: $142,000 - $182,738

Studio
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold October 10, 2016

Last sale price $42,000

Est. 267% increase in value since last sale

Current estimated payment $1,034/month

2 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 2-minute walk to Orchard Park

About This Home

As of October 2016

Looking for a nicely priced and well cared for multifamily investment property? This two unit apartment house offers main level and upper level units. Main level unit offers, two bedrooms, one bath, large open living room, eat in style kitchen with all appliances, plus basement with washer/dryer and storage area. Upper unit offers one bedroom, living room, eat in kitchen with appliances and full bath. Both units have central heat and air, tenants pay for all utilities. The main level unit has off street parking. The main level back porch overlooks the urban garden yard with an attached storage area and a small detached storage building. Owner pays for trash/refuse and lawn care. Property is registered with the City of Niles as a rental house, taxes are reflective of non-homestead.

Last Agent to Sell the Property

Beth Van

Bon Realty License #6502103167 Listed on: 09/10/2016

Last Buyer's Agent

Claudia Kelleher

Cressy & Everett Real Estate License #6506047350

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 46x66
  • Level Lot

Parking

  • 1 Parking Space

Home Design

  • Composition Roof
  • Rubber Roof
  • Vinyl Siding

Basement

  • Partial Basement
  • Crawl Space

Location

  • Mineral Rights Excluded

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for water, sewer, gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,350
  • Manager Expense $1,980
  • Utility Expense $1,440
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 30.69
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 46x66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1697.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Mineral Rights:No: Yes
  • Substructure:Crawl Space: Yes
  • Roofing:Rubber: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Crawl Space

Exterior Features

  • List Price: 39900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3049.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 13200.0
  • Insurance Expense: 1350.0
  • Manager Expense: 1980.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1697.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2023
Sold by
Kelleher Claudia M
Bought by
Paul T Kelleher And Claudia M Kelleher Living
Current Estimated Value
$154,185

Purchase Details

Closed on
Mar 12, 2021
Sold by
Bolin Dorothy
Bought by
Kelleher Claudia M and Ruppel Claudia

Purchase Details

Listed on
Sep 10, 2016
Closed on
Oct 7, 2016
Sold by
Clubine Richard E and Clubine Colleen M
Bought by
Bolin Dorothy and Ruppel Claudia
Seller's Agent
Beth Van
Bon Realty
Buyer's Agent
Claudia Kelleher
Cressy & Everett Real Estate
List Price
$39,900
Sold Price
$42,000
Premium/Discount to List
$2,100
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%

Purchase Details

Closed on
Sep 9, 2009
Sold by
Estate Of Mary Hildegarde Clubine
Bought by
Clubine Richard E and Clubine Coleen M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Paul T Kelleher And Claudia M Kelleher Living -- None Listed On Document
Kelleher Claudia M -- Accommodation
Kelleher Claudia M -- First American Title
Kelleher Claudia M -- First American Title
Bolin Dorothy $42,000 First American Title
Clubine Richard E -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2016 10/10/16 Sold $42,000 +5.3% --
09/12/2016 09/12/16 Pending -- -- --
09/10/2016 09/10/16 For Sale $39,900 -- --
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
2025 $2,790 $81,500 $0 $0
2024 $1,465 $75,600 $0 $0
2023 $1,405 $65,800 $0 $0
2022 $1,338 $61,100 $0 $0
2021 $2,441 $57,100 $2,900 $54,200
2020 $2,413 $45,200 $0 $0
2019 $1,846 $41,400 $7,800 $33,600
2018 $1,683 $41,400 $0 $0
2017 $1,659 $37,700 $0 $0
2016 $1,154 $35,500 $0 $0
2015 $1,697 $31,700 $0 $0
2014 $882 $31,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 16047107

MichRIC

APN: 11-73-2700-0049-01-8