$159,000
SOLD NOV 1, 2022

315 W Thomas St Bay City, MI 48706

8 Beds
4 Baths
2,572 Sq Ft
0.51 Acres

Recently Sold

$62 Per Sq Ft

46 Days on Market

Highlights

  • 0.51 Acre Lot
  • Porch
  • Forced Air Heating System

About This Home

As of November 2022

Great investment property with a lot of income potential. This 4 unit property is on the west side of Bay City and is close to US-10 for easy commuting. The property also includes an additional lot for convenient parking. There is a 2.5 car garage that can be lease for additional income with an owner side.

Last Agent to Sell the Property

Josh Burch

Ayre Rhinehart Real Estate Partners License #MBR-6501370969 Listed on: 09/16/2022

Ayre Rhinehart Real Estate Partners

Last Buyer's Agent

Non Member

Midland Board of REALTORS License #MBR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 95x232

Parking

  • 2.5 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Block Basement Construction
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 160-020-379-007-00 and include

Community Details

Overview

  • 4 Units
  • Bay City Subdivision

Building Details

  • Net Operating Income $2,895

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,765

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Midland Board of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2847
  • Total Tax Year: 2020
  • Year Built: 1900
  • Mail City: Bay City
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2572

Exterior Features

  • Construction: Aluminum, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Additional Garage(s)
  • Garage Spaces: 2.5
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 160-020-379-007-00 and include
  • Lot Dimensions: 95x232
  • Acreage: 0.51
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,775.00
  • Winter Tax: Year: 2020, Amount: $1,072.00
  • Total Tax: Year: 2020, Amount: $2,847.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Bay City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2023
Sold by
Lueck Sylvia
Bought by
Desoto Properties Llc
Current Estimated Value
$135,268

Purchase Details

Listed on
Sep 16, 2022
Closed on
Nov 3, 2022
Sold by
Phillips Isaac and Phillips Kimberly
Bought by
Lueck Sylvia
Seller's Agent
Josh Burch
Ayre Rhinehart Real Estate Partners
Buyer's Agent
Non Member
Midland Board of REALTORS
List Price
$159,000
Sold Price
$159,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.98%
Original Mortgage
$124,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 21, 2020
Closed on
Nov 30, 2020
Sold by
Jacobs Suzanne Maria
Bought by
Phillips Isaac and Phillips Kimberly
Seller's Agent
Derek Batch
RE/MAX Results
Buyer's Agent
Matt Smith
Modern Realty
List Price
$84,900
Sold Price
$70,000
Premium/Discount to List
-$14,900
-17.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.31%
Original Mortgage
$61,200
Interest Rate
2.67%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 14, 2003
Sold by
Kemp Dale W
Bought by
Wachovia Bank Of Delaware Na and First Union National Bank Of Delaware Na

Purchase Details

Closed on
May 3, 1996
Sold by
Mead Hildegarde
Bought by
Kemp Dale W
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $155,000 --
Warranty Deed $70,000 None Available
Sheriffs Deed $63,169 --
Warranty Deed $60,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $124,000 New Conventional
Previous Owner $61,200 Credit Line Revolving
Previous Owner $80,800 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Sold $159,000 0.0% $62 / Sq Ft
09/16/2022 09/16/22 For Sale $159,000 +127.1% $62 / Sq Ft
11/30/2020 11/30/20 Sold $70,000 -17.6% $27 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $84,900 -- $33 / Sq Ft
Source: Midland Board of REALTORS®

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 $2,765 $51,850 $0 $0
2024 $2,411 $43,100 $0 $0
2023 $2,296 $40,650 $0 $0
2022 $2,059 $32,950 $0 $0
2021 $1,952 $30,950 $4,900 $26,050
2020 $2,847 $26,150 $4,900 $21,250
2019 $2,463 $25,000 $0 $0
2018 $2,612 $23,600 $0 $0
2017 $2,076 $23,400 $0 $0
2016 $2,602 $25,100 $4,900 $20,200
2015 $2,288 $27,850 $4,900 $22,950
2014 $2,288 $29,900 $0 $29,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Josh Burch

    Ayre Rhinehart Realtors

    (989) 631-7000

    6 in this area

    57 Total Sales

    Josh Burch
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Midland Board of REALTORS

  • Derek Batch

    Seller's Agent in 2020

    Derek Batch

    RE/MAX Michigan

    (989) 859-0015

    13 in this area

    69 Total Sales

    Derek Batch
    Section Image
  • Matt Smith

    Buyer's Agent in 2020

    Matt Smith

    Modern Realty

    (989) 948-3738

    11 in this area

    395 Total Sales

    Matt Smith
    Section Image
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Map

Source: Midland Board of REALTORS®

MLS Number: 50090275

Midland Board of REALTORS®

APN: 09-160-020-379-007-00

Michigan Bay County Bay City 48706

315 W Thomas St, Bay City, MI

This home is located at 315 W Thomas St, Bay City, MI 48706 and is currently priced at $159,000, approximately $61 per square foot. This property was built in 1900. 315 W Thomas St is a home located in Bay County with nearby schools including Kolb Elementary School, Handy Middle School, and Bay City Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midland Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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