NOT LISTED FOR SALE

317 E Ash St Mason, MI 48854

Estimated Value: $159,000 - $231,000

4 Beds
2 Baths
1,600 Sq Ft
$117/Sq Ft Est. Value

Last Sold March 26, 2021

Last sale price $135,000 $84 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,360/month

69 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • 4-minute walk to Bond Park

About This Home

As of March 2021

An investment opportunity awaits! Thousands of dollars in updates have been done since sellers have owned this property. It may not look like a steel roof but it is! Newer siding, newer windows, newer pex plumbing & electrical, separate water heaters for each unit are about 3 years old. Foam insulation is between the 2 units. Both units were completely remodeled inside, newer kitchens with dishwashers, newer flooring, newer stackable laundry, newer bathrooms. Unit 1 had a brick fireplace removed for an open concept. Both tenants pay all of the utilities, there are separate meters for each unit. Both units have a water softener, seller buys the salt and replaces the furnace filter quarterly. Both units are on month to month and have been long term. Serious buyers only! Need 24 hour notice.

Last Agent to Sell the Property

Miriam Randall-Olsen

Coldwell Banker Professionals -Okemos License #6501381889 Listed on: 11/20/2020

Coldwell Banker Professionals -Okemos

Last Buyer's Agent

David Corder

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,214

Year Built

  • Built in 1870

Lot Details

  • 9,801 Sq Ft Lot
  • Lot Dimensions are 66x148.5

Parking

  • Gravel Driveway

Home Design

  • 1,600 Sq Ft Home
  • Bungalow
  • Metal Roof
  • Vinyl Siding

Basement

  • Michigan Basement
  • Exterior Basement Entry
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Total Actual Rent $1,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,214

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Gross Rent: 1340.0
  • Misc Business Info Roof Type: Steel
  • Tax Year: 2019
  • Year Built: 1870
  • Lot Size Acres: 0.23
  • Lot Size: 66x148.5
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1600.0
  • Architectural Style: Bungalow
  • General Property Info:Lot Size Dimensions: 66x148.5
  • General Property Info:Above Grade Finished Area: 1600.0
  • Sewer:Public Sewer: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Bungalow: Yes
  • Tax Info:Taxes2: 3214.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 315/317 E. Ash St
  • General Property Info:_pound_ of Units: 2
  • Roof:Steel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Exterior Entry, Michigan
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Steel
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Asphalt, Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Asphalt2: Yes
  • General Property Info:Parking Total: 0

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Mason

Lot Info

  • Lot Size Sq Ft: 9801.0
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Mar 26, 2021
Sold by
315 317 E Ash St Llc
Bought by
Hogg Cynthia L and Hogg Charles R
Seller's Agent
Miriam Randall-Olsen
Coldwell Banker Professionals -Okemos
Buyer's Agent
David Corder
Non Member Office
List Price
$139,000
Sold Price
$135,000
Premium/Discount to List
-$4,000
-2.88%
Current Estimated Value
$186,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,883
Avg. Annual Appreciation
7.10%
Original Mortgage
$101,250
Outstanding Balance
$91,416
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$95,467

Purchase Details

Closed on
Dec 22, 2017
Sold by
Schlattman Paul A and Schlattman Cheryl J
Bought by
315 317 Ash St Llc

Purchase Details

Closed on
Aug 6, 2003
Sold by
Howe Robert Duane and Howe Johanna M
Bought by
Schlattman Paul A and Schlattman Cheryl J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 1995
Sold by
Howe Johanna

Purchase Details

Closed on
Feb 10, 1984
Sold by
Howe Rachael
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
Hogg Cynthia L $135,000 Tri County Title Agency Llc
315 317 Ash St Llc -- Transnation Title Agency
Schlattman Paul A $90,000 Midstate Title Co
Howe Robert Duane $45,000 Midstate Title Co
-- -- --
-- $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hogg Cynthia L $101,250
Previous Owner Schlattman Paul A $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold $135,000 -2.9% $84 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
11/20/2020 11/20/20 For Sale $139,000 -- $87 / Sq Ft
Source: Greater Lansing Association 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 $4,575 $72,540 $33,990 $38,550
2024 $37 $73,660 $33,990 $39,670
2023 $4,324 $66,050 $28,890 $37,160
2022 $4,127 $52,630 $23,790 $28,840
2021 $3,296 $51,400 $23,790 $27,610
2020 $3,175 $51,400 $23,790 $27,610
2019 $3,085 $39,260 $11,900 $27,360
2018 $3,023 $43,000 $9,010 $33,990
2017 $3,034 $43,000 $9,010 $33,990
2016 -- $37,520 $10,200 $27,320
2015 -- $37,100 $20,392 $16,708
2014 -- $38,790 $28,888 $9,902
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 251556

Greater Lansing Association of Realtors®

APN: 19-10-09-109-017