NOT LISTED FOR SALE

315 W Trail St Jackson, MI 49201

Downtown Jackson Neighborhood

Estimated Value: $155,000 - $195,000

5 Beds
4.5 Baths
2,858 Sq Ft
$64/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $163,500 $57 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,174/month

5 Days on Market

Highlights

  • 0.49 Acre Lot
  • Forced Air Heating System
  • 3-minute walk to Betty's Dog Park
  • Ceiling height of 9 feet or more

About This Home

As of June 2024

Come see for yourself this well maintained 4 unit MULTI-FAMILY investment property, located just outside of the downtown city of Jackson. Newer vinyl windows, floor coverings, and paint throughout. Each unit has separate gas, electric, furnace and water heaters. Net operating income for 2023 was $7584.69 (Lower than the 2022 net operating income of $12,056.49 due to a unit being vacant since march of 2023) Vacant unit 1 has recently been listed for rent. Schedule your private showing today!

Last Agent to Sell the Property

Isaac Henry

Gil Henry & Associates License #LCAR-6501418399 Listed on: 05/24/2024

Last Buyer's Agent

Brian Stenger

Vylla Home License #6501434787

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 78x279x87x249

Parking

  • Unassigned Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Basement
  • Michigan Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2-089900000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,574

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Flood Insurance: Not Required
  • Total Tax Amount: 2574.08
  • Year Built: 1900
  • Mail City: Jackson
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 9 Ft + Ceilings, Cable/Internet Avail.
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 5
  • Bathroom Description: Basement Bath Lav/Half
  • Full Bathrooms: 4
  • Total Bathrooms: 5
  • Source of Sq Ft: Public Records
  • Half Bathrooms: 1

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Sidewalks
  • Frontage: 78
  • Foundation Type: Basement
  • Roads: City/County, Curbed, Paved Street

Garage/Parking

  • Parking: Unassigned/General

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Window Unit(s)
  • 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: 2-089900000
  • Lot Dimensions: 78x279x87x249
  • Acreage: 0.49
  • Lot Description: Deep Lot - 150+ Ft., Sidewalks
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Snow Removal, Taxes, Trash Removal, Water/Sewer
  • Lease Information: Lease Required

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,238.80
  • Winter Tax: Year: 2023, Amount: $335.28
  • Total Tax: Amount: $2,574.08

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Jackson Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2019
Closed on
Feb 21, 2020
Sold by
The James C Luft Special Needs Trust
Bought by
Garba Brothers Inc
Seller's Agent
Tim Sabrosky
RE/MAX Real Estate Professionals
Buyer's Agent
Non Member
Non Member Office
List Price
$119,900
Sold Price
$115,000
Premium/Discount to List
-$4,900
-4.09%
Current Estimated Value
$181,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,526
Avg. Annual Appreciation
8.12%
Original Mortgage
$86,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2016
Sold by
Thelen Duane F and Luft James C
Bought by
Luft James C and The Special Needs Trust Of James C Luft

Purchase Details

Closed on
May 19, 2000
Sold by
Norwest Bank Of Minnesota Na
Bought by
Luft James and Thelen Duane
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
Garba Brothers Inc $115,000 Diversified National Title
Luft James C -- At
Luft James $56,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garba Brothers Inc $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2024 06/27/24 Sold $163,500 +2.3% $57 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $159,900 +39.0% $56 / Sq Ft
03/12/2020 03/12/20 Sold $115,000 -4.1% $40 / Sq Ft View Prior Sale
01/03/2020 01/03/20 Pending -- -- --
11/08/2019 11/08/19 For Sale $119,900 -- $42 / 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 $2,686 $57,900 $0 $0
2024 $23 $53,000 $0 $0
2023 $2,239 $45,000 $0 $0
2022 $2,455 $37,300 $0 $0
2021 $2,420 $33,300 $0 $0
2020 $1,266 $30,300 $0 $0
2019 $1,165 $21,500 $0 $0
2018 $1,112 $24,250 $0 $0
2017 $1,021 $23,150 $0 $0
2016 $884 $20,000 $20,000 $0
2015 $1,233 $15,250 $15,250 $0
2014 $1,233 $19,250 $0 $0
2013 -- $19,250 $19,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Isaac Henry

    Seller's Agent in 2024

    Isaac Henry

    Gil Henry & Associates

    (517) 215-4212

    1 in this area

    82 Total Sales

    Isaac Henry
    Section Image
  • Brian Stenger

    Buyer's Agent in 2024

    Brian Stenger

    Vylla Home

    (704) 728-5517

    2 in this area

    18 Total Sales

    Brian Stenger
    Section Image
  • Tim Sabrosky

    Seller's Agent in 2020

    Tim Sabrosky

    RE/MAX Michigan

    (517) 285-3018

    133 Total Sales

    Tim Sabrosky
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member

    Non Member Office

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50143132

Michigan Multiple Listing Service

APN: 2-089900000

Michigan Jackson County Jackson 49201 Downtown Jackson

315 W Trail St, Jackson, MI

Not Listed for Sale

MultiFamily

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